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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: THE ANT who wrote (44442)12/29/2008 4:01:37 PM
From: elmatador  Read Replies (1) | Respond to of 217544
 
Hi klaser! This is Brasul. Not Brazil!



To: THE ANT who wrote (44442)12/29/2008 4:24:28 PM
From: KyrosL  Read Replies (1) | Respond to of 217544
 
>>Must be US tourists<<

A lot of them certainly are US-sized -- Elmat exempted.



To: THE ANT who wrote (44442)1/2/2009 9:36:55 AM
From: elmatador  Read Replies (1) | Respond to of 217544
 
Brazucas returning in droves: Estimates on the number of departing Brazilians are staggering. Ester Sanches-Naek, well known in Hartford as the president of the Shaheen Brazilian Community Center on Park Street, guesses that at least 20 percent of the Brazilians in the state had returned home recently because of the economy.

"Not only is the economy here getting bad but the economy in Brazil is getting better," she says.

Two months ago, the dollar was worth four Brazilian real. Now it's worth two. "When the dollar was four for one, you could do a lot," says Sanches-Naek. "Now you can't do much any more."

Thousands of Brazilians fled to the U.S. after March 1990, when inflation there reached a ruinous monthly rate of 82 percent, according to Erika Watanabe Patriota, deputy consul at the Consulate General of Brazil in New York. Today the country is on an upswing. Annual inflation for the period from October 2007 to October 2008 was running at 6.25 percent, thanks to a stable government led by President Luiz Inacio Lula da Silva and a diversified economy anchored by oil giant Petrobras. Last year, Brazil's stock market reached a value of $1 trillion, a first for a Latin-American country.

fairfieldweekly.com



To: THE ANT who wrote (44442)1/22/2009 2:17:10 PM
From: elmatador  Respond to of 217544
 
PBR charges today the same gas price as when oil was 147. Intend to fleece consumer further.

If Oil Stays Down, Petrobras May Lower Gas Prices
by: IncaInvest January 22, 2009 |

The director of Supply and Refining for Petrobras (PBR), Paulo Roberto Costa, said in a statement that the company may reduce the price of petrol and diesel if the price of oil remains at the current level for a longer period of time.

The company, however, believes that the price of a barrel of oil is subject to great volatility and does not think that now is the time to adjust fuel prices.

Costa said:

If the price of oil stays around $30USD, obviously we will reassess our position. Once Petrobras feels that the price of a barel of oil is stable, the price of fuel will be able to be adjusted.

Current exchange rates are also taken into account when estimating the cost of fuel and, according to Costa, this factor will be taken into consideration by Petrobras also.

He also reiterated that the state evaluates the price of a barrel of oil in the long term to decide on possible adjustments in domestic prices. Costa noted that Petrobras adopted this policy when the price of a barrel shot up to around $140USD in July of last year.

seekingalpha.com