Brazil Aims To Privatize State-Owned Utility Company

Imagine the setting. A conference room full of senior
politicians. “The tapes are bad”, one says. “A lot of stuff about
bribes”. Another adds, “Yeah, and we’re polling in the single
digits. Any lower and we’ll resemble Japanese interest rates”. A
conference room deep in the bowels of the White House in
Washington, DC? Nope. Brasilia, Brazil. The scope of the Brazilian
scandal, called locally “Lava Jato” (Car Wash), is truly
impressive. It may encompass two former presidents, the sitting
president, the heads of both houses…

Imagine the setting. A conference room full of senior
politicians. “The tapes are bad”, one says. “A lot of stuff about
bribes”. Another adds, “Yeah, and we’re polling in the single
digits. Any lower and we’ll resemble Japanese interest rates”. A
conference room deep in the bowels of the White House in
Washington, DC? Nope. Brasilia, Brazil. The scope of the Brazilian
scandal, called locally “Lava Jato” (Car Wash), is truly
impressive. It may encompass two former presidents, the sitting
president, the heads of both houses…