This Day On The Street
Continue to site
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

Brazil Protesters Keep Up Pressure On Government

An organization advocating for lower bus fares initiated the protesting last week, but demonstrations have since ballooned with no centralized leadership. Groups of Brazilians also staged small protests Tuesday in other countries, including Portugal, Spain and Denmark.

A cyber-attack knocked the government's official World Cup site offline, and the Twitter feed for Brazil's Anonymous hackers group posted links to a host of other government websites whose content had been replaced by a screen calling on citizens to come out to the streets.

Tuesday's march in Sao Paulo started out peacefully but turned nasty outside City Hall when a small group lashed out at police and tried to invade the building.

Different groups of protesters faced off, one chanting "peace, peace" while trying to form a human cordon to protect the building, the other trying to clamber up metal poles to get inside. At one point, one person tried to seize a metal barrier from another who was trying to use it to smash the building's windows and doors.

The air was thick with police pepper spray and smoke after demonstrators set a TV satellite truck and a police lookout booth on fire.

Vandalism and violent clashes with police similarly marred the end of Monday's mostly peaceful march in Rio, which left the city's downtown stinking of tear gas. That march attracted some 100,000 people, ending with a small splinter group doing an estimated $1 million in damage to the historic state legislature building. Another mass protest is planned for Rio on Thursday.

The protests have raised questions about the country's readiness to host the coming high-profile events including a papal visit to Rio and rural Sao Paulo next month. Brazil is playing host this week to the Confederations Cup, which is seen as a warm-up for next year's World Cup.

Police and military had spent the past year pacifying hillside slums in Rio to prepare for the events, even as the grievances were apparently growing among the country's middle class.

3 of 5

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

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
Stocks Under $10

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
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!
SYM TRADE IT LAST %CHG

Markets

DOW 18,080.14 +21.45 0.12%
S&P 500 2,117.69 +4.76 0.23%
NASDAQ 5,092.0850 +36.0220 0.71%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs