Friday, September 30, 2022

CRIMINAL CAPITALI$M

In blow to NRA, judge allows New York attorney general to seek court-imposed monitor and to demand Wayne LaPierre forfeit millions



Laura Italiano
Thu, September 29, 2022

A court ruling Thursday lets New York's attorney general continue to seek stiff penalties from the NRA.


AG Letitia James is suing CEO Wayne LaPierre for millions in back salary; she also wants the NRA subjected to financial monitoring.


LaPierre's lawyer likened James' push for a monitor to Alabama's AG monitoring the NAACP in the '50s.

In a blow to the NRA, a Manhattan judge has given New York Attorney General Letitia James the green light to continue seeking two hefty penalties — an independent monitor who would oversee the gun lobby's finances, and millions in back-salary from CEO Wayne LaPierre.

The ruling from the bench by New York Supreme Court Justice Joel Cohen on Thursday allows the New York AG to pursue the financial monitor and significant cash penalties when her two-year-old lawsuit against the NRA eventually goes to trial.

Those salary-based penalties, if approved by a judge or jury, could add up to a small fortune.


LaPierre has made in excess of $1 million a year since 2014; he was under contract to earn $1.5 million for the years 2020 through 2025, according to court filings.

A trial date has yet to be set for the lawsuit, which accuses LaPierre and three other executives at the New York-chartered non-profit of lining their pockets with member donations.

LaPierre was reinstated as the NRA's executive vice president at the gun lobby's annual convention in Houston in May, despite the New York AG's allegations that he and his cronies used "millions upon millions" in NRA cash for private jet travel, Bahamas vacations, and pricey meals.

Lawyers for the NRA and for LaPierre had fought hard against the New York AG's proposed penalties in lengthy legal papers and in arguments before Cohen on Thursday.

The lawyers fought especially hard against the threat of a court-imposed financial monitor, something they derided as "a de facto takeover" in legal papers in June and as "dangerous," and "unconstitutional" in arguments before Cohen on Thursday.

"It's really just interference with his ability to do his job the way his members want him to do it, in the way his board wants him to do it," LaPierre attorney P. Kent Correll said.

In a moment of what might be called legal calisthenics, Correll went on to compare James' demands for an NRA monitorship to Alabama's assault on the NAACP in the 1950s.

"You have the attorney general of a state trying to interfere with the operation of a not-for-profit organization — that happened in the '50s," Correll told the judge.

"The attorney general of the state of Alabama wanted to do what he could to disrupt the NAACP" and demanded the group turn over its membership list as a condition of continuing to operate in Alabama, Correll said.

"It went to the Supreme Court, and the Supreme Court said, 'No, you can't do that. You can't interfere with an organization like this because they're engaged in free speech.'"

The judge countered that in a hypothetical case where a non-profit had been looted by its executives, a court would need to be able to do more than just "hope for the best with the next person."

He also disagreed with the NRA's claim that a monitorship is off the table because it is not mentioned by name in New York's Estate, Powers, and Trusts Law.

The NRA is attempting to read the law "so narrowly" that no attorney general would ever be able to monitor "how funds are used by an organization such as this," the judge said.

The judge also said it was premature to assess the appropriateness of a monitor, or of financial penalties, or of any other possible remedies, "without knowing what the fact findings are that give rise to the remedy."

As for next steps in the massive case, lawyers for the New York AG said they may request one last round of depositions based on recently submitted discovery from the NRA's side.

"I'd like to set a trial date as soon as I can, subject to one party or another winning on summary judgment," Cohen said.

"Everybody's been working very hard," he added. "My understanding was that things were near the end, which it sounds like is true."

Read the original article on Business Insider
CRIMINAL CAPITALI$M

Wall Street banks including Bank of America and Goldman Sachs fined $1.8 billion over failures in monitoring how staff used personal phones to talk about work


Grace Dean
Wed, September 28, 2022 

A Bank of America storefront.

Wall Street banks have been fined for not monitoring how staff use their phones to talk about work.

The offences involved employees ranging from senior executives to debt and equity traders.

The SEC issued $1.1 billion in fines while the CFTC issued $710 million, both on Wednesday.


Several Wall Street banks have been fined a combined $1.1 billion by the US Securities and Exchange Commission and $710 million by the Commodity Futures Trading Commission for not monitoring or keeping records about how staff use their personal phones to message about work.

The SEC fines were imposed on 10 large broker-dealers, five of their affiliates, and one affiliated investment adviser, including Bank of America, Citigroup Global Markets, Credit Suisse Securities, Deutsche Bank Securities, Barclays Capital, Goldman Sachs, Morgan Stanley, and UBS Securities.

The SEC said Wednesday that the fines covered "widespread and longstanding failures by the firms and their employees to maintain and preserve electronic communications."

It said that between January 2018 and September 2021, employees "routinely" used personal devices to communicate about business matters. The firms violated federal securities laws by failing to preserve the vast majority of these communications, the SEC said.

The offences involved employees ranging from supervisors and senior executives to junior investment bankers and debt and equity traders.

The SEC said it had requested information about off-channel communications from around 30 senior broker-dealer personnel at Goldman Sachs and found that every one of them had taken part in "at least some level" of off-channel communications.

This included one senior investment banker who had sent and received "tens of thousands" of off-channel text messages, concerning things including investment strategy and client meetings, the SEC said.

It added that the firms cooperated with the investigation and admitted to their wrongdoing. The companies have agreed to pay penalties ranging from $10 million to $125 million each.

They also agreed to have compliance consultants review their policies relating to keeping records of electronic communications found on personal devices.

The CFTC also announced settlements with the firms for related conduct on Wednesday.

The regulator said its investigation found that the companies had failed to stop their employees, including those at senior levels, "from communicating both internally and externally using unapproved communication methods," including text, WhatsApp, and Signal messages.

Each company had failed to retain "hundreds if not thousands of business-related communications," including some connected to their commodities and swaps businesses, the CFTC said.

It said that each firm acknowledged that they were aware of their employees' "widespread and longstanding use" of unapproved methods for business-related communications.

"We fully cooperated with our regulators on this industry-wide matter," a Deutsche Bank spokesperson told Insider. "We have proactively deployed fully compliant and convenient text and chat platforms and will continue to scale these technologies to meet the expectations of our regulators and our clients."

Credit Suisse and Barclays declined to comment on the investigations and the settlements. The other companies mentioned in this article did not immediately respond to Insider's request for comment.

A Citi spokesperson told The New York Times that officials at the bank were pleased to put the matter to rest.

SEC, CFTC Fine Wall Street Banks for Record-Keeping Failures



Swayta Shah
Wed, September 28, 2022 at 7:34 AM·2 min read

The U.S. regulators – Securities and Exchange Commission (“SEC”) and the Commodity Futures Trading Commission (“CFTC”) – have penalized several major Wall Street banks over “widespread and longstanding failures” to maintain and preserve records of electronic communications between traders and their clients.

Some of the big names are Barclays BCS, Bank of America BAC, Citigroup, Credit Suisse, Goldman Sachs GS, Morgan Stanley MS and UBS Group AG. The firms (in aggregate) will be paying more than $1.8 billion to the SEC and the CFTC combined to resolve the matter.

Among the Wall Street banks, Bank of America is facing the largest fine of $225 million, while others, including BCS, MS and GS, will be paying $200 million each. The BAC’s penalty dwarfs the prior fines for similar allegations. In December 2021, JPMorgan JPM agreed to pay $200 million penalty for its failure to monitor business-related communications on platforms like WhatsApp. Of the total amount to be paid by JPM, $125 million will go to the SEC and $75 million to the CFTC.
Case Backdrop

The industry-wide investigations conducted by the SEC and the CFTC laid bare “pervasive off-channel communications” from the personal electronic devices between banks’ personnel and their clients between January 2018 and September 2021. Also, these “off-channel communications” were not maintained or preserved in clear violation of the federal securities provisions.

The firms need to retain “certain of these written communications because they related to the firms’ businesses.” By not following these regulations, the regulators’ capability to supervise financial markets, guarantee compliance with vital rules, “and gather evidence in other, unrelated investigations” was hampered.

While Wall Street has always struggled not to communicate about business matters using text messages and WhatsApp on their personal devices, the problem became more severe during the pandemic as employees worked from home. The bank employees, including “senior and junior investment bankers and debt and equity traders,” were found to be violating the securities laws.
Conclusion

The SEC chairman, Gary Gensler, said, “Finance, ultimately, depends on trust. By failing to honor their recordkeeping and books-and-records obligations, the market participants we have charged today have failed to maintain that trust.”

The Wall Street banks admitted to the facts in their respective settlement orders with the regulators. However, BAC and a Japan-based investment bank neither admitted nor denied certain findings of the CFTC. The companies have also started “implementing improvements to their compliance policies and procedures to settle these matters.”
END SLAVE LABOUR IN U$ PRISONS
Alabama prisons reduce meals, nix visits amid inmate strike



A fence stands at Elmore Correctional Facility in Elmore, Ala
Alabama inmates were in their second day of a work strike Tuesday, Sept. 27, 2022, refusing to labor in prison kitchens, laundries and factories to protest conditions in the state’s overcrowded, understaffed lock-ups. 

AP Photo/Brynn Anderson


Thu, September 29, 2022 at 11:50 AM·2 min read

MONTGOMERY, Ala. (AP) — Thousands of inmates in Alabama's overcrowded prison system are receiving only two meals a day during a prisoner work stoppage that was in its fourth day Thursday, and the agency said weekend visitation also was being canceled.

While inmates and activists have accused the Department of Corrections of using pressure tactics in an attempt to end the demonstration, officials said the reduced rations and the lack of visits were the result of a prisoner labor shortage.

Inmates provide much of the labor force inside prisons, the department said, so the lockups eliminated one of the three meals that normally are served to compensate for the lack of workers.

“This is not a retaliatory measure but logistically necessary to ensure that other critical services are being provided,” the department said in a statement.

Photos posted on social media showed brown bag meals consisting of a corn dog or peanut butter sandwich. The prison system said it would return to regular meal service once the strike ends, but it wasn’t clear how long that might take.

The department said most its large mens prisons were still affected by the strike on Thursday, and visitation was being canceled this weekend because of the stoppages and their impact on prison staff.

“Inmates have been notified and encouraged to notify any visitors,” the agency said.

Activist Diyawn Caldwell, whose husband is incarcerated in Alabama, said canceling visitation was “just another mechanism for retaliation” by the state on inmates. She said prison officials also are threatening striking inmates with loss of living space in honor dorms, where conditions often are better than in other areas.

“That’s huge in there because you’re taking merits they have earned away from them because they don’t want to perform free labor,” said Caldwell, who founded Both Sides of the Wall, which desribes itself as a grassroots organization.

Gov. Kay Ivey has rejected demands for criminal justice reforms including changes to sentencing laws for habitual offenders, calling them unreasonable.

Alabama prisons held more than 20,000 inmates in July, when the Department of Corrections issued its latest statistical report, despite being designed for only 12,115 people. The department runs 13 major prisons for men, the largest of which holds more than 2,200 men, and one for women.

The Department of Justice is suing Alabama over the conditions in its prisons, saying the state is failing to protect male inmates from inmate-on-inmate violence and excessive force at the hands of prison staff.

The 2020 lawsuit alleges that conditions in the prison system are so poor that they violate the constitutional ban on cruel and unusual punishment and that state officials are “deliberately indifferent” to the problems. Alabama officials have acknowledged problems but deny that the living conditions violate constitutional standards.
Colombia says 10 armed groups agree to unilateral ceasefire


Gustavo Petro President of Colombia


Wed, September 28, 2022 
By Luis Jaime Acosta

BOGOTA (Reuters) -At least 10 armed groups in Colombia, including former members of the FARC rebels who reject a peace deal and the Clan del Golfo crime gang, have agreed to participate in unilateral ceasefires, the government said on Wednesday.

President Gustavo Petro, who took office in August, has promised to seek "total peace" with armed groups, fully implementing a 2016 peace accord with the Revolutionary Armed Forces of Colombia (FARC) and meeting with dissidents and gangs.

"Each group with its own identity, nature and motivation is expressing its disposition to be part of a total peace, in this exploration phase we've asked them not to kill, not to disappear people and not to torture," Danilo Rueda, the government's high peace commissioner, told journalists at an impromptu press conference. "We are moving ahead."

Among the groups are two FARC dissident groups - the Estado Mayor Central and Segunda Marquetalia - as well as the Clan del Golfo, the Sierra Nevada de Santa Marta Auto-Defenses and others Rueda did not name.

Illegal armed groups in Colombia - whose six-decade conflict has killed at least 450,000 people - count some 6,000 fighters in their ranks, according to security sources.

Leftist rebels and crime gangs both participate in extortion, murder, drug trafficking and illegal gold mining.

Petro - himself a former member of the urban M-19 guerrilla - has said his government could offer reduced sentences to gang members who hand over ill-gotten assets and give information about drug trafficking.

"The office of peace is exploring the judicial mechanisms to permit the transition of armed groups to rule of law," said Rueda, who previously met with FARC dissidents.

Petro also wants to restart Havana-based peace talks with largest active rebel group the National Liberation Army (ELN), which were called off by his predecessor, and Rueda traveled there soon after the inauguration.

The ELN favors a bilateral ceasefire to pave the way for renewed talks, its top negotiator told Reuters this month.

The government has said it will suspend aerial bombings of armed groups in a bid to avoid collateral damage to civilians and deaths of forcibly-recruited minors.

(Reporting by Luis Jaime Acosta; Writing by Julia Symmes Cobb; Editing by Paul Simao and Nick Zieminski)


Colombia peace process must solve causes of conflict - ELN rebel commander



Antonio Garcia, head of the delegation of National Liberation Army (ELN) for formal peace talks with Colombian government, talks to the media during a news conference in Caracas

Thu, September 29, 2022 
By Luis Jaime Acosta

BOGOTA (Reuters) - The top commander of Colombia's National Liberation Army (ELN) rebel group, which is exploring a resumption of peace talks with the leftist government, told Reuters any process must seek profound change for all of society and not political power for a few guerrilla commanders.

New President Gustavo Petro, a former member of the M-19 urban guerrillas, has promised to seek "total peace" by fully implementing a 2016 peace deal with the now-demobilized FARC rebels, restarting ELN talks and dialoguing with crime gangs.

"What is essential for a peace process is to overcome the causes which originated the armed conflict, to even think they are overcome with a few (congressional) seats for a handful of rebels would be miserly," said Eliecer Herlinto Chamorro, better known by his nom de guerre, Antonio Garcia.

He was answering questions sent by Reuters about whether the ELN will become a political party after a peace deal.

The FARC deal saw the demobilization of its 13,000 members and the creation of political party Comunes, which has 10 seats in congress guaranteed until 2026 which have been assigned to former guerrilla leaders.

"It's about achieving real change for the good of all society, real and participative democracy for communities and social organizations, making Colombian society more equitable, with social justice, respect for human rights, that political persecution of those who protest for just rights and the murders of leaders end definitively," said Garcia.

Lack of land access, deep economic inequality, historic persecution of leftists and lack of democratic participation are considered the principal causes of Colombia's six-decade conflict between the government, leftist rebels, right-wing paramilitaries and drug gangs, which has killed at least 450,000 people.

UNITED FRONT

Garcia, 66, said the demobilization of the ELN - accused of forcibly recruiting minors, drug trafficking, murders, kidnappings and bombing attacks - will be resolved at the negotiating table.

Though Petro has said talks should be carried out quickly, the quality of any agreements will be a variable when determining the negotiations' timeline, Garcia said.

The most recent talks with the ELN collapsed under Petro's predecessor, after the group refused to suspend armed action and killed 22 police cadets in an early 2019 bombing.

Other attempts at dialogue have failed to bear fruit because of a diffuse chain of command and dissent within the ranks of the ELN, which was founded by radical Catholic priests in 1964 and counts some 2,400 fighters.

There is precedent for rebel resistance to peace deals - several top FARC commanders reject that deal and remain armed in dissident groups, with whom Petro also wants to dialogue.

But Garcia said the eight ELN units operating in the jungles and mountains of Colombia are united with their negotiators - many of them elderly, unlike most fighters - who remained in Cuba after the collapse of previous talks.

"The ELN remains united by political identity and its democratic methods to construct policy in a constructive way and try to solve differences," he said, echoing recent comments by the group's head negotiator in Havana. "We will stay united, that is the decision of the last (rebel) congress, and we will face any challenge united."

Garcia said profound changes are needed in Colombia - where about half the population lives in some degree of poverty - but those in power must first be held to account.

"Even though the country requires adjustments to its fundamental laws, what most affects us is the lack of compliance with laws by those who hold power," he said.

(This story adds dropped word 'be' in third paragraph)

(Reporting by Luis Jaime Acosta; Writing by Julia Symmes Cobb; Editing by Alistair Bell)
Widerimage: As grocery bills soar, hungry Brazilians may seal Bolsonaro’s fate



Thu, September 29, 2022
By Lisandra Paraguassu

BRASILIA (Reuters) - The specter of hunger hangs over Brazil's presidential race this year like few before it.

Rampant inflation and fallout from the pandemic have pushed food insecurity here to levels nearly unrecognizable a decade ago. One in three Brazilians say they have struggled recently to feed their families.

Trailing in the polls and eager to offer relief, President Jair Bolsonaro dribbled budget rules to boost Brazil's main welfare program by 50% through the end of the year.

But that has failed to move the needle so far. Opinion surveys show his support among the poorest Brazilians flat or flagging since the more generous payouts started.

Welfare recipients interviewed by Reuters in a half dozen states were reluctant to give Bolsonaro credit for the expiring election-year benefits. Most said they are pulling for his left-wing rival, former President Luiz Inacio Lula da Silva, who slashed hunger and extreme poverty with the help of a commodity boom during his 2003-2010 presidency.

In the slums of Brazilian cities, families are struggling to feed themselves as hunger rises in the powerhouse food exporter.

"We're the forgotten ones. There is no lunch today," says Dona Monica in a "favela" called Arco Iris (Rainbow) on a river smelling of sewers and urine in the northeastern city of Recife where dengue is rife.

In the center of Sao Paulo, Brazil's largest city, Carla Marquez lives in a room paid for by a church with her husband Carlos Henrique Mendes, 25, and 5-year-old daughter. "We haven't bought food in ages. Prices are absurdly high. I've nothing to give her," the 36-year old mother said in tears.

U.N. HUNGER MAP

Brazil's election looks to be yet another case of soaring global food inflation unsettling incumbents, but hunger has been mounting a comeback in Latin America's largest economy for the better part of a decade.

Just eight years ago, Brazil hit its U.N. target for eliminating widespread malnourishment ahead of schedule. Since then, the share of Brazilians who say they cannot feed their families in the past 12 months has more than doubled to 36%, according to the Getulio Vargas Foundation (FGV) think tank.

The result is a consensus across Brazil's political establishment that the country needs a stronger social safety net. Almost every major party and candidate has backed 'emergency' cash stipends to 20 million families, which benefit roughly one in four Brazilians – making it one of the world's most far-reaching welfare programs.

FGV's Marcelo Neri says he has never seen hunger so central to the electoral debate.

"The whole political spectrum is talking about food insecurity, the emphasis is everywhere," he said.

Bolsonaro and Lula both promise they will work to extend this year's more generous welfare program or even expand it. Neither has explained how they would fund this – but analysts reckon it will mean the end of a constitutional spending limit that has defined fiscal policy for the past six years.

LULA LEADING RACE

Voter opinion polls show that Bolsonaro did manage to narrow Lula's advantage earlier this year by increasing Auxilio Brasil and working to lower fuel costs, but Lula has begun to pull away again in the last two weeks.

Lula's polling lead widened to 17 percentage points in a survey by pollster IPEC published on Monday, ahead of Sunday's first-round vote, with 48% of voter support to 31% for Bolsonaro. The poll showed Lula could win outright, with 52% of voter intentions excluding abstentions and null votes.

If the race goes to a second-round runoff, Lula would win by 54% of the votes versus Bolsonaro's 35%, according to the IPEC poll, which had a margin of error of 2 percentage points.

"The aid has not generated the effect the government had expected. The increase was seen by people as an electoral maneuver and they are rejecting the ploy," pollster Felipe Nunes, of Quaest Pesquisa e Consultoria, told Reuters.

FGV economist Neri agreed Lula's credibility is higher among Brazil's poor, because Bolsonaro's social welfare measures have been erratic. The government reduced and then suspended emergency aid after the COVID-19 pandemic, and when welfare was restored it was at a lower value, he said.

Meanwhile, food prices have continued to go up, driven up by fuel and transport costs, and have risen 9.83% in the year.

"People say Bolsonaro is helping. But he gives and then takes it away. It was much better with Lula," said Luciana Messias dos Santos, 29.

In her wooden shack in Estrutural, Brasilia's largest favela, she had to adapt her stove to cook with wood as fuel because gas is too expensive.

Bolsonaro has denied hunger has become critical in Brazil, irritated by the importance given to the hunger issue has taken on in the election campaign.

"Hunger in Brazil? It does not exist the way it is being reported," he said in August. Last week, his Economy Minister, Paulo Guedes, took on a survey by the Penssan Network that said 33 million people face starvation. "It's a lie. That is false. These are not the numbers," he said.

In Rio de Janeiro, welfare recipient Carla Feliciano, 38, says she survives picking fruit and vegetables from dumpsters outside the municipal market. She said life has gotten very difficult after the pandemic under the Bolsonaro government.

"Welfare or no welfare makes no difference. I vote for Lula. I will die a Lula supporter," she said.

WELFARE AS ELECTION PLOY

Average income of poor Brazilians has fallen to levels of 10 years ago, widening the country's stark social inequality.

Bolsonaro has focused on winning their votes he needs to be re-elected, an uphill task running against Lula, whose conditional cash-transfer welfare program called Bolsa Familia lifted millions from poverty when he was in office.

Bolsonaro renamed the program Auxilio Brasil to end the association of social welfare with Lula, but this has not brought the electoral dividends he had hoped for.

"Bolsonaro has tried to play this card, but it won't help him," said Carla's husband Carlos, who scrapes by collecting scrap cardboard in the streets of Sao Paulo. He said he will vote for Lula and his Workers Party. His wife is not so sure.

Living in a tent with her children and grandchildren just half a mile from the presidential place in Brasilia, Edilene Alves, says she sees through Bolsonaro's ploy.

The distrust of Bolsonaro's motives held by Carlos and Edilene was echoed by low-income Brazilians from Porto Alegre in the deep south to Salvador and Recife in the northeast.

"They think we are dumb. Increasing welfare from 400 reais ($76.05) to 600 reais does not help when supermarket prices have risen so much," said Edilene, a migrant from Brazil's poor Northeast. "People are going to die of hunger."

($1 = 5.2599 reais)

(Reporting by Lisandra Paraguassu; Additional reporting by Ueslei Marcelino in Recife and Pilar Olivares in Rio de Janeiro; Writing by Anthony Boadle; editing by Diane Craft)
If Lula wins Brazil’s presidency, seven of Latin America’s largest economies will be ruled by the left | Opinion


Andres Oppenheimer
Wed, September 28, 2022 

Virtually all polls agree that leftist former President Luiz Inácio Lula da Silva is likely to win Brazil’s elections on Sunday, which would turn most of Latin America into a leftist-ruled region.

If Lula defeats Brazil’s far-right incumbent President Jair Bolsonaro, Latin America’s seven biggest economies — Brazil, Mexico, Argentina, Colombia, Venezuela, Chile and Peru — will soon be run by leftist and ultra-leftist leaders. In addition, several smaller economies, such as Bolivia, Nicaragua and Honduras, are also led by leftist or far-left presidents.

An average of recent polls suggests that Lula will win Sunday’s election with at least 45% of the vote, followed by Bolsonaro with 33%. If no candidate reaches 50% of the vote in this first-round election, polls show that Lula will most likely win a runoff held Oct. 30. Bolsonaro is centering his campaign on Lula’s conviction on corruption charges in 2017. He received a 12-year sentence, but had served only 19 months in prison when a federal judge ordered his release.

There are three main reasons why a Lula victory is not likely to mark a return of a powerful leftist regional bloc like the one that dominated Latin America’s politics in the early 2000s.

First, most of the region’s leftist-ruled countries are in deep financial trouble. And with China’s economy falling fast, they can no longer expect it to give them huge rescue loans in exchange for political influence.

Unlike the early 2000s, when Latin American commodity prices were at record highs and former Venezuelan populist leader Hugo Chávez crisscrossed the region promising to build massive infrastructure projects, most of the region’s current leftist leaders have no funds to help their political allies abroad.

Oil-rich Venezuela, which before the Chávez regime was one of Latin America’s richest countries, has become one of the region’s poorest. And most countries in the region are facing rising U.S. interest rates, making their debts more expensive to pay, and a weakening global economy that depresses their commodity exports.

Luiza Duarte, an analyst with the Washington-based Wilson Center’s Brazil Institute, says the region’s latest “pink tide” is very different to the previous ones. “Their international context is different, and the current leftist leaders have many more differences between them than they had in the 2000s,” she told me.

Indeed, Chile’s new president, Gabriel Boric, has publicly denounced Venezuela’s human-rights abuses. And several Latin American leftist leaders, in addition to Boric, have voted to condemn Nicaragua’s dictatorship at the United Nations Human Rights Council.

Second, most of the region’s leftist leaders have low popularity rates and growing domestic problems that will demand their near full attention.

Chile’s Boric has seen his popularity rate drop from 56% when he was elected in December to 33% now. He recently lost a key national referendum on a new constitution.

Peru’s president, Pedro Castillo, is facing several corruption investigations, and his popularity rate is below 25%. Argentina’s populist-leftist President Alberto Fernandez’s popularity is below 20%.

Third, there will be presidential elections in Argentina in 2023, and the right-of-center opposition has a good chance of winning. And while Mexico’s populist-leftist President Andrés Manuel López Obrador and his Morena Party are still popular, the currently fractured Mexican opposition could still unite behind a common candidate with a chance to win the 2024 elections.

To be sure, if Lula wins in Brazil, he most likely would try to revive UNASUR, the bloc of South America’s leftist countries that emerged in the 2000s to replace the Washington-based Organization of American States (OAS). Unlike the OAS, UNASUR does not include the United States or Canada.

Lula would probably pick his former foreign minister, Celso Amorim, as his top foreign-policy adviser and would take a more proactive foreign-policy approach than Bolsonaro has. Still, a new Lula government would have a more centrist congress than during his 2003-2010 presidency, which could affect his policies.

“Bolsonaro doesn’t care that much about foreign policy,” Thiago de Aragao, a political risk analyst with Arko Advice, told me. “Lula would be more of an activist.”

If the polls are right, and Lula wins, we can expect the region to shift further to the left. But we probably would not see a strong, united and powerful leftist bloc.

Don’t miss the “Oppenheimer Presenta” TV show on Sundays at 7 pm E.T. on CNN en Español. Twitter: @oppenheimera

Analysis-Investors confident in Brazil staying the course after election


Brazil’s former president Luiz Inacio Lula da Silva in a meeting with sports representatives in Sao Paulo

By Rodrigo Campos
Fri, September 30, 2022 

NEW YORK (Reuters) - A leftist former union leader is on track to replace Brazil's right-wing president and tear up the most important fiscal rule in the world's 10th largest economy, but foreign investors are largely unfazed.

Their even-keeled outlook for Brazil, where the local currency and stock market have gained this year, reflects confidence that even a highly polarized election will not ruin the relative safe haven of Latin America's largest economy.

Polls suggest former president Luiz Inacio Lula da Silva will beat incumbent Jair Bolsonaro in October's election, possibly even in Sunday's first-round vote, and take office in January.

"We have a broadly positive medium-term view on Brazilian investment opportunities," said Amer Bisat, head of emerging markets fixed income at BlackRock, pointing to an attractive mix of strong corporate earnings, a healthy financial system, plus ample foreign reserves and a current account surplus thanks to strong commodity exports.

Lula, whose Workers Party trod a largely orthodox path while he was in office from 2003-2010, has decried Bolsonaro's policies but both are promising more generous welfare and more flexible budget rules.

Lula spent heavily on welfare programs first time around as a federal budget boosted by a commodities boom gave him room for maneuver. This time he will have less and he has already vowed to do away with a constitutional spending cap.

Yerlan Syzdykov, Amundi's head of emerging markets, said at a recent event that it was troubling to see Lula not respecting Brazil's current fiscal anchor.

"But during the last two years neither did Bolsonaro, so this is not something that's shocking investors."

He said Lula's track record on economic policy meant that any change of regime would not really be a radical one.

Brazil's real is one of the few emerging market currencies gaining against a dollar which more broadly is at multi-decade highs, while both local- and hard-currency bonds are among top performers in their asset class.

GRAPHICS: Brazil sovereign spreads to U.S. Treasuries https://graphics.reuters.com/BRAZIL-ELECTION/BONDS/klpykalzqpg/chart.png

Stocks are also up for the year in the local market and barely down in dollar terms, banks have healthy balance sheets and the job market is on the rebound, while inflation is falling thanks to early and aggressive interest rate hikes.

"The central bank, as an independent institution, has proven its credibility by being one of earliest global central banks to combat inflation with vigor and determination," BlackRock's Bisat said.

Central bank chief Roberto Campos Neto, whose term runs through 2024 under a new law establishing the bank's formal autonomy, oversaw a string of rate hikes effectively front-running the U.S. Federal Reserve and helping to support the real.

Although Workers Party economists gripe about the central bank's newfound independence, Lula has offered assurances that he can work constructively with Campos Neto.

"It's important that he (stays), because otherwise what's the point in having a mandate for the central bank governor that's independent of the political cycle," said Graham Stock, senior emerging sovereign strategist at BlueBay Asset Management, noting the opportunity for Lula and his team to show they respect the bank's independence and inflation targeting regime.

Graphics: Emerging market currencies vs USD
 https://graphics.reuters.com/BRAZIL-ECONOMY/REAL/movanexxwpa/chart.png

In what Goldman Sachs called a "hawkish hold", the central bank paused last week after hiking the policy rate from a record-low 2% at the start of last year to 13.75%, with forward guidance hinting at a 'high for long' stance.

"We are seeing high real yields, which is unheard of in the market at the moment," Philip Meier, head of EM debt at Gramercy Funds Management told investors, calling Brazil a "great opportunity" into 2023.

Even with the dollar at 20-year highs against a basket of major currencies, Brazil's real is up 4% this year versus the greenback, the top performing free-floating emerging market currency.

Not all investors are so sanguine and JPMorgan, which cut foreign-denominated Brazilian debt to "underweight" earlier this month, says further upside for the country in global credit markets may be limited.

"Policy and political uncertainties are likely to persist ahead of the October elections, and fiscal/debt dynamics remain a concern," said Lupin Rahman, head of sovereign credit on the EM markets portfolio management team at Pimco.

Graphics: MSCI stock indexes YTD performance 
https://graphics.reuters.com/BRAZIL-ELECTION/STOCKS/jnpwemrwqpw/chart.png

Brazilian stock valuations, however, remain cheap - investors in the MSCI Brazil index pay some $6 for every $1 in earnings, compared to nearly $18 at a 2020 peak.

Investors will be looking for a calm political transition. Bolsonaro has laid the groundwork to contest a defeat but Brazilian institutions are closing ranks to guarantee the integrity of the vote.

Lula could make it hard for Bolsonaro to mount a challenge if he gets more than 50% of valid votes on Sunday, foregoing the need for a second-round runoff on Oct. 30. Several recent polls show the former union leader in striking distance of that threshold.

(Reporting by Rodrigo Campos; additional reporting by Jorgelina do Rosario and Karin Strohecker in London; Editing by Kirsten Donovan)

Latest Brazil Polls Upend Market Calm Over Sunday’s Election


Davison Santana, Vinícius Andrade and Josue Leonel
Thu, September 29, 2022 at 11:54 AM·3 min read




(Bloomberg) -- Brazilian markets are losing the calm that had come to characterize them in the run up to Sunday’s presidential election.

The real and local stocks tumbled this week, while swap rates soared after a series of polls showed that Luiz Inacio Lula da Silva may get an outright victory in the first round, avoiding the need for a run-off. That would be the first time any candidate has gained such a resounding endorsement since 1998.

Investors are concerned that such a result would embolden the former president and union leader to take a more hard-line approach once in office. As market jitters mount, foreign investors pulled money out of local stocks in seven of the 10 trading sessions through Sept. 26, according to exchange data compiled by Bloomberg.

“Lula would leave the race stronger and with a smaller need to make concessions” should he win in the first round, said Sergio Zanini, partner, CIO and fund manager at Galapagos Capital in Sao Paulo. It would reduce the need for him to announce market-friendly names for his cabinet with an eye to gaining support in a second round, he said.

The real has tumbled about 2.5% this week, the second worst-performing currency in the world, while long-end swaps are up 47 basis points. The Ibovespa stock index is down about 4%, underperforming the US benchmark S&P 500 Index by a large margin, though it’s still ahead of most main stock indexes worldwide for the year. The net foreign outflow of funds stands at 2.3 billion reais ($427 million) this month.

The Polls

Ipec, one of the most traditional Brazilian polling institutes, released its latest survey on Sept. 26, showing Lula garnering 52% of valid votes -- which excludes annulled ballots and those cast in blank -- enough for a victory in the first round.

Datafolha, another major pollster, will release fresh results Thursday after the market closes. Its previous surveys have also shown a good chance of an outright victory for Lula.

A massive victory for Lula’s Workers Party may also stoke fear of social unrest after President Jair Bolsonaro repeatedly declared a lack of confidence in the voting system, fueling concern he may challenge the results.

While the latest polls have undermined the local market, many remain skeptical with the methodology and the demography charts used to extrapolate the results from the surveys. Last week, Goldman Sachs Group Inc. joined hedge funds including Legacy Capital in telling clients that the elections are likely to be tighter than polls are signaling. Odds of Lula being elected on Sunday currently stand at between 20% to 25%, according to political consultancy Eurasia Group.

Lula and Bolsonaro will face-off on Thursday at 9:30 p.m. ET during the last debate before the vote on the Globo TV channel, the most watched in Brazil.

“The market reaction to an outright Lula win will probably be negative,” said Fernando Siqueira, head of research at brokerage Guide Investimentos in Sao Paulo. “It would materially increase the risk of Bolsonaro and his supporters contesting the results.”

Bolsonaro, Lula Go on Attack in Debate on Eve of Brazil Vote


Simone Iglesias and Daniel Carvalho
Fri, September 30, 2022 

(Bloomberg) -- Brazilian President Jair Bolsonaro and leftist challenger Luiz Inacio Lula da Silva traded insults in a televised debate that marked their final face off before Sunday’s election, with polls giving the opposition leader a wide lead.

The men went on the attack from the get-go, with Bolsonaro calling Lula a “liar,” “ex-convict” and “gang leader.” The comments drew a fiery response from the 76-year-old Lula, who lobbied his own accusations of corruption at Bolsonaro, saying the president “needs to look in the mirror and know what’s happening in his own government.”

The two leading candidates went back and forth for a few minutes, each earning the right to respond to offenses, before the debate continued. They soon resumed attacking each other while asking questions to other candidates, and were given additional rights to answer to allegations in several occasions.

“I feel bad for disrupting the debate when we could be discussing the future of this country,” Lula said later, after earning yet another right to respond to offenses.

In their final speeches, Lula listed his past economic achievements while Bolsonaro repeated campaign slogans and cited ideological themes, from abortion to drugs and religion.

The meeting, held in Rio de Janeiro and broadcast nationally by Globo TV, started late on Thursday and lasted about three and a half hours. It was the most widely watched of this election cycle, reaching millions of Brazilians just days before the first-round vote on Oct. 2. It was the theme of more than 200 million mentions on social media, according to Felipe Nunes, head of pollster Quaest.

The stakes appeared to be upped before it kicked off, with a survey released by Datafolha, Brazil’s most influential pollster, showing Lula inching closer to an outright win in the first round, for which he needs more than 50% of the vote.

The front-runner has 50% of valid votes in the first round, which excludes null and blank ballots, according to the poll published Thursday evening. Datafolha interviewed 6,800 people across Brazil between Sept. 27 and Sept. 29, and the poll has a margin of error of 2 percentage points.

‘World Cup final’


Lula is focusing his efforts on drawing voters from other candidates at the final stretch of the campaign. He had compared the debate to a soccer World Cup final, according to a campaign adviser.

Read More: Lula Rallies Supporters Seeking Outright Victory in Brazil Vote

The former president canceled all public events ahead of the debate to rest his voice and, as he did prior to other election debates, received media training at a hotel in Rio, according to the adviser who asked not to be identified discussing strategy. The former president was diagnosed with throat cancer in 2011, which at times gives him a husky tone.

Meanwhile, Bolsonaro had planned to step up his attacks on Lula, reminding voters of corruption scandals that happened during his eight-year government, in a bid to ensure the election goes to a second round on Oct. 30, said two people familiar with his plans ahead of the debate.

One or Two Rounds


An outright victory by Lula largely depends on his ability to peel off voters from long-shot presidential contenders.

But third-placed Ciro Gomes, a former governor, and fourth-placed, Simone Tebet, a senator, held their own and registered among the top performers in flash polls and in editorials in major dailys.

Their performance “complicates the late-game migration Lula sought,” brokerage XP Inc. wrote in a report early Friday.

Support for candidates other than Lula and Bolsonaro makes up about 12% of all voting intentions, pollster Quaest has found. Of those, nearly a quarter would be willing to switch their vote to ensure Lula wins in the first round, according to Nunes, the head of Quaest.

The former president would get 50.5% of valid votes, Quaest said on Wednesday after interviewing 2,000 Brazilians between Sept. 24 and 27. Bolsonaro, meanwhile, would get just over 36%. The poll’s margin of error was plus or minus 2 percentage points.

Lula leads Bolsonaro by 14 points ahead of Brazil vote -Datafolha poll



Presidential candidate Lula closes his political campaign in Sao Paulo

Thu, September 29, 2022 

SAO PAULO (Reuters) -Brazil's Luiz Inacio Lula da Silva leads President Jair Bolsonaro by 14 points, a poll released on Thursday showed, with the far-right incumbent having lost momentum against his leftist rival as the Oct. 2 presidential election looms.

The survey by Datafolha showed Lula with 48% of voter support versus 34% for Bolsonaro in the election's first round, compared with 47% and 33%, respectively, in the previous poll.

Excluding blank and null ballots, Lula was seen winning 50% of the votes, while Bolsonaro had 36%. If Lula reaches 50% plus one vote in the first round, he will win the election outright and avoid a second round.

In the event of a second-round run-off on Oct. 30, Lula would garner the support of 54% of voters versus 39% for Bolsonaro, a 15-point advantage, according to the poll, down from 16 points a week ago.

Bolsonaro's approval rating edged down to 31%, compared to 32% one week ago; still above the 22% he held in December, after which his popularity ticked up thanks to welfare programs and measures to tackle inflation.

His disapproval came in at 44%, according to the poll, the same rate as a week ago but down from the 53% seen in December.

Datafolha conducted 6,800 in-person interviews between Sept. 27-29. The poll has a margin of error of 2 percentage points up or down.

(Reporting by Carolina Pulice and Alexandre Caverni; Editing by Leslie Adler and Sandra Maler)

Lula’s Final Sprint Skews 70% Winning Chance Upward, Eurasia Group Says





Felipe Saturnino and Vinícius Andrade
Wed, September 28, 2022 

(Bloomberg) -- Luiz Inacio Lula da Silva’s 70% odds of winning Brazil’s presidency this October are tilted to the upside, says political consultancy Eurasia Group.

Incumbent Jair Bolsonaro is failing at curbing Lula’s “final sprint,” which is putting him closer to clinching an outright victory on Oct. 2, according to Christopher Garman, managing director at the firm.

“Our 70% chance of Lula winning the elections is biased upward, the momentum seen last week with the ‘useful vote’ hasn’t changed,” Garman said in an interview at Bloomberg’s Sao Paulo offices, referring to people changing their votes to a candidate they see as having better odds. “This is a bad sign for Bolsonaro.”

Recent polls show Lula’s support increasing in the final days of the campaign, with some surveys putting the left-wing former president within inches of getting the more than 50% of valid votes -- which exclude ballots cast in blank or annulled -- he needs to avoid a runoff.

Brazil’s Latest Polls Ahead of October Presidential Vote (Table)

It’s an outcome that hasn’t happened in a presidential race since 1998, when then-President Fernando Henrique Cardoso was re-elected. Not even Lula, at the height of his popularity, managed to pull-off an outright win when he was chosen for a second term in the 2000s.

Garman puts odds of that happening between 20% and 25% -- double from earlier in the race, but still far from a base-case. Face-to-face surveys tend to over-represent left-wing candidates, he says, since it underestimates abstention rates that are proportionally higher among the poorest.

Thursday evening’s televised debate will be key for the outcome of Sunday’s vote.

“Lula must do well on the debate if he wants to win” in the first-round, Garman said. “He has to hammer the message that, back when he was president, he raised credibility and the economic conditions of Brazil -- and that, if he wins this time, he will do it again and better.”

Contested Election

A first-round Lula win or a commanding lead into the second round don’t reduce the odds of Bolsonaro questioning the election results, given his long-standing distrust of Brazil’s electronic voting machines, Garman said.

“Are the odds of Bolsonaro calling the vote into question lower if he loses by 10 percentage points, or if he loses in the first round? I don’t think so,” he said.

While the president’s supporters will likely hold demonstrations protesting a rigged election no matter the outcome of the vote, Garman doesn’t expect that to have any impact on the official recognition of the vote.

What to Know About Bolsonaro-Lula Showdown in Brazil: QuickTake

If he does win, Lula will likely try to replicate his 2003 strategy, picking a politician to lead his economic team. “A minister with a political profile and some good market names,” Garman says.

Garman also says that tax reform under Lula could be a positive surprise, unifying federal taxes under a value added tax, known as IVA, and potentially adding levies on the wealthy. The challenge, though will be delivering on growth.

“Lula’s government will have a difficult ‘trilemma.’ They want to increase spending, they don’t want to increase the tax burden, and they don’t want to create a debt sustainability problem,” Garman said. “If you don’t have growth, you can’t do all three. Basically, the future of Lula’s government will depend strictly on economic factors.”

©2022 Bloomberg L.P.

Lula: Can Brazil's 'most popular president' win again?


Katy Watson - BBC South America correspondent, in Manaus
Wed, September 28, 2022 

Lula, who led the country from January 2003 to December 2010, is running for a third term

In the second of two profiles of the leading candidates in the race to become Brazil's new president, Katy Watson asks if Luiz Inácio Lula da Silva is the same person who took the world by storm 20 years ago.

It is no coincidence that Lula chose the Amazon as one of his key destinations on the campaign trail.

The 76-year-old's main rival in the presidential election on 2 October, far-right President Jair Bolsonaro, has been accused of destroying the rainforest.

Lula knows that climate issues have soared to the top of the political agenda and in Manaus, the biggest city in the Amazon, he told reporters "the planet needs special attention from all of us".


"We need to look after our forest, our fauna, our water, but most of all, we need to look after our people because they're struggling, they're in need and they need to live with dignity," he said. "We can reclaim this country, it's possible to once again walk with our heads held high."

Lula chose the Museum of the Amazon to meet indigenous leaders and talk about the future of the forest. "Nobody wants to turn the Amazon into an untouchable world sanctuary," he told the audience.

"What we want is to benefit from our wealth, our biodiversity." By saying that, the former president shows that he is aware of his rival's message. President Bolsonaro is at great pains to say that the rest of the world needs to stop meddling in Brazil's affairs.


Lula remains very popular among left-wing supporters in Brazil

It is 20 years since Lula won the presidency for the first time. A former metal worker and union leader, he became a familiar face during the strikes of the 1970s, when workers called for higher wages, defying Brazil's military rulers.

He came to power promising change. Helped by high commodity prices, he spent the windfalls on areas such as higher education and welfare programmes that contributed to lifting millions of Brazilians out of poverty.

Described by former US President Barack Obama as "the most popular politician on Earth", Lula left office after eight years in power with an approval rating of more than 80%.

Like him or hate him, he was a politician unlike any other. But in recent years, that legacy has been tainted with his party - and Lula himself - hit by corruption scandals.

In 2017, he was sentenced to nine years in prison. His convictions were quashed four years later, but his brush with the law means that he is no longer just seen as the "saviour" of Brazil. Instead, many millions of Brazilians see him as a corrupt politician unfit for office.

Given that split among voters, I asked him how he thought he could convince the electorate he is the right man to lead Brazil.

"Deaths [like that] of Dom Phillips and Bruno Pereira can't ever happen again," he said, skirting the question with a reference to the killing in June of a British journalist and an indigenous expert in the Amazon.

"Brazil needs to be transformed into a civilised country, it can't fall victim to inhumane people," he added. "I am convinced that we need to change Brazil - and changing Brazil means having a government that assumes responsibility for really caring for people."


Carol Araújo says she is unsure if a return to power for Lula would improve things

Not far from the centre of Manaus, where Lula spoke, 24-year-old mother-of-three Carol Araújo lives in small community of palafitas - houses that sit on stilts over a small river.

Rainy season is coming to an end and the earth below the houses here in the neighbourhood of São Jorge resembles a swamp more than a river.

Rubbish is everywhere: broken bottles, old boxes and shoes. In the sweltering heat of Manaus, the stench is overpowering.

Official figures suggest an estimated 63 million people now live in poverty in Brazil, and Carol, who was born in São Jorge, is one of them.

She knows nothing but hardship, but she does know who she is going to cast her ballot for. "I'm going to vote for Lula because under him, everything was easier," she says. "But I don't know if [by him] coming back things will improve."

It is a risk she is prepared to take. With food and energy prices rising, she cannot make ends meet.

"I try and find work when it comes my way but it's hard. I have to make it work to feed my children." She says that it comes down to knowing who will help her and those like her, because "during the elections, all the politicians do is make promises".

Another Lula supporter, Beth Ferreira, says she is "crazy" about Brazil's former leader

Lula more easily relies on the older generation, which can remember the good times, but he knows he will have to win over the younger generation voting for the first time.

"It's a sign of the incapacity of Brazil's elite to renew itself," says Oliver Stuenkel, professor of international relations at the Getúlio Vargas Foundation in São Paulo.

"Lula has been running for president since Brazil became a democracy in the late 1980s, and in that sense he is very much a key personality of Brazil's transition from autocracy to democracy. But he struggles to point to the future, he's very much a throwback."

But while this is the same Lula, he will not be in charge of the same Brazil. Economic crises and more political polarisation set the country apart from what he inherited the first time.

For supporter Beth Ferreira, that does not matter. "I am crazy about Lula - Brazil needs him because we are in decline," she says. "When he started in 2003, Brazil was in the same situation, it was devastated. And we think he can do the same thing - our hope never dies.

Brazil’s decisive debate on eve of presidential election


Brazil Final Election Debate
Brazil's former president and now presidential candidate Luiz Inacio "Lula" da Silva of the Workers' Party, participate in a presidential debate in Rio de Janeiro, Brazil, Thursday, Sept. 29, 2022. Brazil will hold general elections on Oct. 2. 

MAURICIO SAVARESE and DAVID BILLER
Thu, September 29, 2022

SAO PAULO (AP) — Tens of millions of Brazilians were glued to their TVs late Thursday for the final presidential debate before Sunday's elections.

Far-right incumbent Jair Bolsonaro needed a strong performance to ensure a runoff against leftist former President Luiz Inácio Lula da Silva, the front-runner in the polls. Five other candidates also participated.

Hours before the debate on the Globo network, a poll by Datafolha indicated a first-round victory was within reach for da Silva, which would require him to get more votes than all other candidates combined.

For that reason, Mauro Paulino, the former head of Datafolha, said Thursday’s debate was “the most important since Brazil’s redemocratization” in 1985.

“A small group of people will decide whether this election has two rounds or one,” Paulino told GloboNews. “The performances of those candidates in front of so many viewers will matter a lot.”

Here are some of the key moments from the debate: ___

Da Silva, whose performance in the first debate weeks ago was called tepid by analysts, tried to show more energy in his answers to Bolsonaro.

But the debate quickly devolved into a fierce back-and-forth between the two, with each lobbing personal insults and the moderator granting them repeated opportunities to respond.

“Him talking about gangs, he should look in the mirror,” da Silva said.

“Liar. Ex-convict. Traitor to the nation,” Bolsonaro fired back. “Be ashamed of yourself, Lula.”

“It is insane that a president comes here and says what he says," da Silva said. "That is why people will send you home on Oct. 2.”

The moderator, William Bonner, eventually asked for civility: “Out of respect for the public, please maintain the level of calm for a democratic environment that we are trying to have for this debate." ___

Simone Tebet, a senator who is close to agribusiness leaders and considered a moderate in the race, attacked Bolsonaro over his environmental record in a segment related to climate change.

“Your administration is the one that made biomes, forests and my Pantanal wetlands burn. Your administration cared for miners and loggers, and protected them," she said. "You, in this regard, were the worst president in Brazil’s history.”

Bolsonaro defended his record, noting he deployed the army to the Amazon to fight fires.

She commented that “he believes his own lies” and that low rainfall was hurting agricultural output.

“So the lack of rain is my responsibility? Congratulations,” he replied, with a grin. He noted that he had traveled to Russia to negotiate supply of fertilizers.

"People love me, and the countryside will vote for me again," he added. ___

Brazilian social media was set afire by exchanges involving Father Kelmon Luís da Silva Souza, a candidate whose claim to be a Catholic orthodox priest has been contested. His appearance began by lobbing a softball question to Bolsonaro. That display, plus his past debate performance, prompted candidates to accuse him of working on behalf of Bolsonaro's candidacy.

Da Silva referred to him as a “shell candidate” and demanded to know at which church he supposedly ministers. The two exchanged heated words that prompted Globo to cut away and silence their mics for an extended time while Bonner, the moderator, pleaded for silence.

But candidate Soraya Thronicke's jabs at Kelmon — in three separate face-offs — were the greatest driver of attention and memes. She first feigned inability to even remember his name, then called him “Candidate Father” and said he looked like the costumed priests who perform mock weddings at traditional June parties.

Even Bonner showed open frustration with Kelmon. He repeatedly admonished the candidate for ignoring debate rules and speaking out of turn.

 
Carlos Bolsonaro, son of Brazil's President Jair Bolsonaro who is running for re-election, talks to his father, next to the Presidential candidate Ciro Gomes of the Democratic Labour Party, during their arrival at the presidential debate in Rio de Janeiro, Brazil, Thursday, Sept. 29, 2022. Brazil will hold general elections on Oct. 2. 
 
Brazil's former president and now presidential candidate Luiz Inacio "Lula" da Silva of the Workers' Party, and Presidential candidate Simone Tebet of the Brazilian Democratic Movement Party, arrive to attend a presidential debate in Rio de Janeiro, Brazil, Thursday, Sept. 29, 2022. Brazil will hold general elections on Oct. 2. 
 
Brazil's President Jair Bolsonaro, who is running for re-election on the Liberal Party ticket smiles during his arrival to attend a presidential debate in Rio de Janeiro, Brazil, Thursday, Sept. 29, 2022. Brazil will hold general elections on Oct. 2.
 
Presidential candidate Padre Kelmon of the Brazilian Labour Party, attends a presidential debate in Rio de Janeiro, Brazil, Thursday, Sept. 29, 2022. Brazil will hold general elections on Oct. 2
 
Presidential candidate Simone Tebet of the Brazilian Democratic Movement Party, arrives to attend a presidential debate in Rio de Janeiro, Brazil, Thursday, Sept. 29, 2022. Brazil will hold general elections on Oct. 2.

 AP Photo/Bruna Prado
Bolsonaro Brings Trump’s ‘Stop the Steal’ Tactics to the Brazilian Election

Yasmeen Serhan
Fri, September 30, 2022 

President Jair Bolsonaro Holds Campaign Event

Jair Bolsonaro, Brazil's President, during a campaign event in Santos, São Paulo state, Brazil, on Wednesday, Sept. 28, 2022. Credit - Victor Moriyama—Bloomberg/Getty

Brazilian President Jair Bolsonaro has spent much of the past four years imitating one man: Donald Trump. Bolsonaro did so during his 2018 presidential campaign, when his iconoclastic political style and crude statements about women, Indigenous groups, and the media earned him the moniker “Trump of the Tropics.” He did so again during the COVID-19 pandemic, when he railed against lockdowns and spread misinformation about the safety and efficacy of lifesaving vaccines. And he did so in the aftermath of the 2020 U.S. presidential election, when Bolsonaro became one of the few international leaders to back Trump’s baseless claims of voter fraud, and was one of the last to finally acknowledge Trump’s defeat.

The fear now facing many Brazilians is that Bolsonaro could pull off his biggest Trump tribute act to date when their country goes to the polls for the first round of its general elections on Sunday. The far-right Brazilian leader has spent much of the past year claiming, without evidence, that his country’s electronic voting system is susceptible to fraud. (Brazil’s electronic voting system, which was introduced more than two decades ago explicitly to combat fraud, has a strong track record for reliability.) Bolsonaro has repeatedly refused to commit to a peaceful transfer of power should he lose reelection, presenting his only options as victory, arrest, or death. With polls showing him trailing his left-wing rival, the former President Luiz Inácio Lula da Silva, Brazilian democracy seems poised to be put on a collision course with Bolsonaro and his most loyal supporters, some of whom have threatened violence against their opponents.

Trump’s “Stop the Steal” playbook might seem like an odd one for the Brazilian President to follow. The former U.S. President didn’t, after all, stop the transition of power to Joe Biden. His supporters’ storming of the Capitol on Jan. 6, 2021 also earned Trump the distinct dishonor of being the first President to ever be impeached twice. The seemingly obvious question, then, is what Bolsonaro stands to gain from emulating a strategy that ultimately failed?

The answer is a lot. Yes, Trump did not retain the presidency. But by virtually every other metric, he has been a success. He remains the de facto leader of the Republican Party and is widely seen as the favorite to win his party’s nomination for the 2024 presidential election. Unlike most former presidents, who often tend to retire into relative post-political obscurity, Trump continues to be relevant. While this is partly driven by the range of criminal and civil investigations he faces, it is also influenced by the intrigue over whether he’ll indeed stand as a candidate in 2024. “I’ve already made that decision,” Trump told New York magazine in July, without specifying further. A good entertainer knows how to keep his audience engaged.

If Bolsonaro has learned anything from Trump, it’s that the politics of grievance can have its advantages. It can be weaponized to galvanize your base, lend support to your allies, and, perhaps most crucially for Boslonaro, shield yourself from prosecution by declaring any such efforts to be a politically-motivated witch hunt. For Bolsonaro, who previously faced potential criminal charges over his mishandling of the COVID-19 pandemic, this could factor into his decision making. “It doesn’t guarantee immunity, but it provides you with an extra layer of protection,” says Oliver Stuenkel, a professor of international relations at Fundação Getúlio Vargas, a university and think tank in São Paulo. “Bolsonaro’s interpretation is that there is an actual incentive not to concede and that in many ways he’d be better off if he contested the result.”

Read More: What To Know About Brazil’s Crucial Election

But Brazilian democracy would stand worse off for it. The country’s faith in democracy had already taken a beating under Bolsonaro, with 44% believing that Brazil is becoming less democratic, according to a recent study conducted by YouGov. Analysts fear that Bolsonaro’s unfounded claims about voting machines stands to only further undermine Brazilians’ trust in the democratic process and could even lead to widespread unrest or, worse yet, an attempted coup. Claims of electoral fraud and content discrediting the electoral process have already run rampant on Brazilian social media.

While U.S. institutions ultimately withstood Trump’s efforts to subvert the election, its consequences are still being felt today. Trump’s “Stop the Steal” campaign continues to have widespread traction—so much so that candidates endorsing his election fraud claims are expected to appear in ballots in nearly every state in the U.S. midterms this November. Brazilian democracy could prove to be even less robust. “Faith in institutions was already much lower in Brazil than in the United States,” says Christopher Sabatini, a senior researcher fellow for Latin America at Chatham House and founder of Americas Quarterly. Even if an attempted coup doesn’t materialize, the country could still be left with millions of hardcore Bolsonaro supporters who no longer have faith in the democratic process. In this way, Sabatini adds, “The damage has already been done.”

What Bolsonaro ultimately does is anyone’s guess. During the final weeks of the campaign, the Brazilian leader has offered contradictory statements. On a podcast earlier this month, he appeared to acknowledge the prospect of electoral defeat, saying that he would quit politics if that ever came to pass. Days later, while visiting London for Queen Elizabeth II’s funeral, he told a Brazilian broadcaster that if he wins less than 60% of the vote in the first round of voting, “something abnormal has happened.” (If neither candidate exceeds 50% of the vote in the first round, there will be a runoff at the end of October to determine the winner.)

“He is a famously intemperate and capricious person and so we won’t know until the moment,” says Sabatini. “He probably won’t even know until the moment.” What is certain, however, is that win or lose, Bolsonaro can count on Trump’s support.

Brazil's Bolsonaro has his same old election fraud excuse ready if he loses



Ananya Bhattacharya
Thu, September 29, 2022 

Brazilian president Jair Bolsonaro is trailing at the polls—and he’s getting ready to blame the country’s voting system for it.


Bolsonaro and his party have claimed, without evidence, that government employees could alter ballots. They insist the electronic voting machines, used for 25 years, are prone to fraud, but provided no proof of this when the opportunity to do so presented itself last year.

The enflamed rhetoric of the campaign, and Bolsonaro’s attempts to undermine the voting system, has raised fears of political violence should the election loser refuse to accept defeat.

2018 “WhatsApp election” deja vu

In the last presidential election, the rampant spread of fake news played a big hand in Bolsonaro’s win. Meta-owned messaging app WhatsApp—which was used by 120 million of the 210 million Brazilians then—was flooded with fake articles and videos favoring the now-president.

Crying foul about electronic voting machines was a big part of the ploy: Up to 48% of the rightwing items found in an analysis of 11,957 viral messages from 2018's election period mentioned a fictional plot to fraudulently manipulate the electronic ballot system.

2022 election schedule


A few days ahead of the election, polls give left-wing rival Luiz Inacio “Lula” da Silva a 14-point lead over Bolsonaro, and might even amass enough votes to win a 50 percent plus one majority.

Oct. 2: Brazilians will vote in the first round to elect a president, 27 of 81 senators, all 513 members of the Chamber of Deputies and all 27 governors and state legislatures.

Oct. 30: second round of voting will take place if no presidential candidate bags 50% of the votes
Person of interest: Luiz Inacio “Lula” da Silva

Luiz Inacio “Lula” da Silva is coming back to finish what he started.

The 76-year-old left-wing leader was president between January 2003 and December 2010. He enjoyed great popularity, but his legacy was ultimately marred by corruption convictions in 2017, which Lula appealed. In 2018, Brazil’s top electoral court forced him to drop off the presidential race, in which he was a frontrunner. In March 2021, the Brazilian Supreme Court voided his conviction.

During his stint as president, his welfare policies focused on fighting hunger and redistributing wealth were credited with lifting 20 million Brazilians out of poverty. With majority of Brazilians still struggling with food insecurity and rising inflation, Lula’s supporters hope he can work his magic again.

EU lawmakers on Brazil's Bolsonaro: Respect vote or face sanctions



Brazil's President Jair Bolsonaro attends a campaign rally in Sao Paulo state


Wed, September 28, 2022 

BRASILIA (Reuters) -Several dozen members of the European parliament urged European Union leaders on Wednesday to monitor Brazil's Sunday election for attempts by far-right President Jair Bolsonaro to subvert democracy, arguing trade sanctions should apply if he does.

Voters in Brazil head to the polls for a first-round presidential vote on Oct. 2, with leftist front-runner and former President Luiz Inacio Lula da Silva, known as Lula, expanding his lead over Bolsonaro in the latest polls even as fears of post-election turmoil persist.

In an open letter to European Commission President Ursula von der Leyen and Vice President Josep Borrell, the Greens–European Free Alliance and some Social Democrat parliamentarians, 50 altogether, accused Bolsonaro of systematically attacking Brazil's electoral system.

"We urge you to take additional steps to make it unequivocally clear to President Bolsonaro and his government that Brazil's constitution must be respected and attempts to subvert the rules of democracy are unacceptable," the lawmakers wrote.

"The EU should state that it will use different levers, including trade, to defend Brazil's democracy and human rights," they added.

Later on Wednesday, the United States Senate passed a resolution urging Brazil's government to ensure a "free, fair, credible, transparent, and peaceful" election.

The resolution also calls on U.S. authorities to reconsider its relationship with any government that comes to power in Brazil through undemocratic means, including a military coup.

Bolsonaro is widely expected to contest the result if he loses. He has claimed without evidence that electoral authorities will rig the vote against him and that electronic voting cannot be trusted.

A recent IPEC poll shows Lula increased his lead to 17 points with 48% support versus 31% for Bolsonaro. The poll showed Lula could win outright in the first round, with 52% of voter intentions, above the 50% threshold needed to avoid a second-round.

(Reporting by Anthony Boadle; Additional reporting by Peter Siqueira; Editing by Paul Simao and Christopher Cushing)

Brazil's Bolsonaro enlists Neymar on campaign stop


Brazilian President Jair Bolsonaro, who is running for a second term, speaks during a campaign rally in Santos, Brazil, Wednesday, Sept. 28, 2022. Brazil's general elections are scheduled for Oct. 2. 
(AP Photo/Andre Penner)


MAURICIO SAVARESE
Wed, September 28, 2022 

SAO PAULO (AP) — Brazil's President Jair Bolsonaro enlisted the help of soccer star Neymar on a campaign stop Wednesday, just four days before the country's general elections.

Bolsonaro visited a non-profit youth institute set up by Neymar in the city of Praia Grande and took a call from the Paris Saint-Germain player, who thanked the far-right leader and said he was proud of him.

Bolsonaro is largely trailing leftist former president Luiz Inácio Lula da Silva in the polls ahead of Sunday's vote. The Brazilian president arrived at the Neymar Jr. Institute, outside Sao Paulo, after riding a motorcycle alongside supporters.

“President Bolsonaro,” Neymar said in a video posted by Brazil's Communications Minister, Fabio Faria. “I thank you for your illustrious visit. I wish I was there, unfortunately I am far away. But I will be with you in the next one. I am very happy because you are there.”


Bolsonaro posted another video on Twitter showing Neymar's call during his visit, as hundreds of children circled around the president and took pictures with him.

“I thank you for your support, as always,” the footballer tells the far-right leader. “You know that I am very proud of you."

Neymar played Tuesday in Brazil's 5-1 win against Tunisia in a pre-World Cup friendly in Paris. He scored one of the goals from the penalty spot.

During the COVID-19 pandemic, the striker had suggested on his social media channels he was withdrawing his support for Bolsonaro, who is unvaccinated and proudly flouted health protocols as the disease spread. More than 680,000 people died due to the virus in Brazil.

Bolsonaro said that Neymar's institute “is a reference for all of Brazil."

“Our Neymar is a source of pride for all of us,” Brazil's president said.

Neymar da Silva Santos, the player's father and agent, also celebrated Bolsonaro's visit on his social media channels.

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