Muddling On

Last week was a good one for Brazil.  We are consistently told that Asia will lead the world out of recession.  Except that’s not the whole headline.  In its entirety it reads: Asia and Brazil will lead the world out of recession.

Chicago #4.  Tokyo?  No way José (that’s the Portuguese pronunciation please – zhoze).  Spain?  European colonialists need not apply in the post-post-colonial era.  Não, não, não. In 2016 Rio will host the Olympics!

And if you are into those frivolous little sporting events, take note:  Brazil will host the World Cup in 2014.

Of course in the post-post-colonial era, globalization-epitomizing economic involvement is bem.  Mostly.  So how about the hottest IPO of the year…  any guesses?  Banco Santander.  Like the first headline though, we’re missing the important bit: Banco Santander Brasil.  Suddenly its São Paolo-based sub looks like the most valuable part of that Spanish empire.  And lest the irony be overlooked, Brazil is providing the lucre for a 21st century Spanish empire.  In your face, Portugal.

(more…)

Advertisements
Published in: on October 14, 2009 at 21:51  Leave a Comment  
Tags: , , , , ,