More than a million Brazilians protest against ‘horror’ government (3/13/2016)

More than a million Brazilians have joined anti-government rallies across the country, ramping up the pressure on embattled president Dilma Rousseff.

Already struggling with an impeachment challenge, the worst recession in a century and the biggest corruption scandal in Brazil’s history, the Workers party leader was given another reason to doubt she will complete her four-year term

“It’s not just the rich. Everyone is suffering,” said house cleaner Claudia Brasilina, who had travelled almost an hour to get to the protest from her home in the poor suburb of São Cristovão. “Dilma is ruining the country. She has to go.”

Like many of the demonstrators, she put her hopes not in the opposition but in the judiciary, particularly judge Sergio Moro, who has presided over the Lava Jato investigation into the kickbacks and bribes associated with Petrobras, the state-run oil company.

That case has spread to involve dozens of other companies and senior politicians from almost all of the major parties. A popular chant on Sunday was “Viva o Sérgio Moro! Viva a Lava Jato!”

“She’s a horror,” said Paulo Rodriguez, a 53-year-old businessman who came with his wife and daughter. “The Workers party is a horror. They’re a criminal organisation that is robbing state resources. They are destroying our country.”

“If Dilma goes, the currency will get stronger and confidence will return and people will start spending again,” he said.
Release of tapped phone calls between Lula and Rousseff sparks mass protests in Brazil (3/17/2016)…/release-tapped-phone-calls-lul…
Petrobras ADR (ticker PBR; Gurufocus)
Net Margin (%) -7.6
Operating Margin % 0.7
ROE % (ttm) -8.2

Forward P/E 3.31
P/B 0.48

Revenue: $103.7 Billion
Profits: -$9.2 Billion

Other Source…/brazil-anti-government-protest…


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