State Oil Firm’s Scandal Scrambles Brazil’s Offshore Dreams

State Oil Firm’s Scandal Scrambles Brazil’s Offshore Dreams
News from New York Times:

RIO DE JANEIRO — Oil was to have been Brazil’s “passport to the future,” but the grand dreams tied to state company Petrobras have been brought to a screeching halt not only by falling crude prices, but by a crisis of its own making.

An expanding investigation into a kickback scandal at Brazil’s largest company is rippling through the industry, suspending contracts, cutting off credit supplies and forcing layoffs at shipyards and other firms that had been gearing up for the anticipated oil boom.

Not long ago, President Dilma Rousseff had promised that exploration of rich, offshore fields would create hundreds of thousands of jobs and provide royalty income to finally improve Brazil’s schools and health care system. But with…………… continues on New York Times

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Understanding Vladimir Putin – National Review Online
News from Understanding Vladimir Putin – National Review Online:

by George Weigel March 7, 2015 4:00 AM

Understanding Vladimir Putin

Attempts to understand Vladimir Putin and the Russian revanchism that now threatens to dismantle the basic security architecture of post–Cold War Europe ought to begin not with reference to Lenin and Stalin, or by digging into one’s dog-eared copies of books by Hans Morgenthau, Samuel Huntington, or George Kennan. To be sure, there is a Leninist component in Putin’s methods, but save that for a moment. At the outset, consider the possibility that the best literary guide to Putin, Putinism, and early-21st-century Russia is Mario Puzo.

Russia is, in many respects, dying. Alc…………… continues on Understanding Vladimir Putin – National Review Online

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