This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Comandatuba Forum Discusses Whether Brazil Is Ready For The World Cup And The Olympics

SAO PAULO, May 3, 2013 /PRNewswire/ -- During the opening of the seminar Brazil: Are you Ready for the World Cup and the Olympics? at the 12th Comandatuba Forum [Forum de Comandatuba], Governor Jaques Wagner said that Bahia is the only state that manages democracy well. "To the members of Congress I say they should cool off, because conflict among the branches of government isn't good; this mood of Congress versus the Supreme Court is no good, and let's hope we get away from this to find more consensual approaches."

Sticking with the theme of democracy and the three branches of government, Deputy Henrique Alves (PMDB), President of the Federal Chamber of Deputies, pointed out that Congress is the only one whose members are elected by popular vote. "The Judiciary Branch, no matter how distinguished and how much respect its members may deserve, is made up entirely of appointees."  To Alves, last week there was "unnecessary tension that was wrong, absurd, unacceptable and unthinkable between the judiciary and the legislative branch." "It would be the height of irresponsibility for there to be any conflict, any confrontation between these two branches of our democracy."

Meanwhile, Senate President, Renan Calheiros, pointed out that the theme of the seminar could not be more timely.  "The Cup and the Olympics are important opportunities to raise income levels through the development of infrastructure. For this to happen, funding must be provided not only by Federal, state and municipal governments, but also by the private sector, because it is comparable to the branches of government."  The Senator mentioned a World Bank study that ranked Brazil as one of the most difficult countries for doing business in because of bureaucracy. "We are the 7th largest economy in the world, and because of that, we have an obligation to go forward.  And if bureaucracy is bad for business, bureaucratization is devastating for the legislative system."

Aldo Rebelo, Minister of Sports, said that the two great events will be followed by three billion people, in addition to 20 thousand accredited journalists and another 20 thousand unaccredited journalists, and because of this it is imperative to invest in urban transportation, ports, airports, security and technology.  Rebelo emphasized that airports will double their capacity for takeoffs and landings, and that operational problems will be worked out by 2014.  

Sponsored by LIDE – Grupo de Lideres Empresariais [Group of Business Leaders], the Forum took place from April 27th to 30th at the Transamerica Hotel on the island of Comandatuba (BA), and brought together 302 executives, governors, mayors, lawmakers and prominent personalities for a broad and decisive debate on the development of the country.  

More information:

Rose Rocha rose-rocha@cdn.com.br, +55-11-3643-2952

SOURCE Forum de Comandatuba

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,719.00 +33.27 0.19%
S&P 500 2,052.75 +4.03 0.20%
NASDAQ 4,701.8670 +26.1550 0.56%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs