MercoPress. South Atlantic News Agency
Brazilian industry contracts 12.4% in the year to November; auto production down 23%
Brazilian industry contracted in November, breaking all negative estimates as the country’s worst recession in decades deepened. Industrial production declined 2.4% from October in seasonally adjusted terms and 12.4% from November 2014, the Brazilian Institute of Geography and Statistics, or IBGE, said. Read full article
Comments
Disclaimer & comment rulesSad to see Brazil decline so badly. Hopefully the Olympic Games will provoke a recovery.
Jan 09th, 2016 - 12:06 pm - Link - Report abuse 0A big problem for automakers! All of them foreign.
Jan 09th, 2016 - 01:31 pm - Link - Report abuse 0Nostril, you are on holiday, shut up!
Jan 09th, 2016 - 01:50 pm - Link - Report abuse 02. Foreign owned with Brazilian workers.
Jan 09th, 2016 - 01:50 pm - Link - Report abuse 0The workers can be easily laid off and the factories closed.
Brazil told the attendees of the Olympics they had to pay for A/C, there no TVs in the bedrooms and that most of the meals will be rice and beans.
3rd World countries should never get the Olympics no matter how much they whine and bribe.
@ 2 “ A big problem for automakers! All of them foreign.”
Jan 09th, 2016 - 02:14 pm - Link - Report abuse 0Apparently it is therefore no problem for 45,000 or so Brazilians involved in the auto industry who would be out of work, because their employers are foreign automakers.
I am beginning to understand the thought processes in Letrine America.
2 If you are Brazilian which is doubtful, you need to change your attitude.
Jan 09th, 2016 - 02:58 pm - Link - Report abuse 0If you can't manage that, not even the Olympics will do you much good.
#2 tobi, good thing that you do not have to live in Brazil, no? Visit the continent sometime.
Jan 09th, 2016 - 03:16 pm - Link - Report abuse 0@7 “ Visit the continent sometime.”
Jan 09th, 2016 - 03:35 pm - Link - Report abuse 0His mother won't allow him out of the basement.
@2 BRasshole
Jan 09th, 2016 - 05:56 pm - Link - Report abuse 0A problem for Brazil...not the auto companies. Several hundred thousand more workers without a job, or even the slightest prospect of getting one. But then again, with PB folding, and gas getting more expensive, maybe we'll go back to riding donkeys........which means that you BRasshole, will be able to return to your natural position, on all fours.
Do not most countries that host the Olympic Games end up in debt,
Jan 09th, 2016 - 07:50 pm - Link - Report abuse 0and only one or two have broke even.??
10 Think you might be right purely on the Games themselves but it's a massive opportunity to showcase your Country to the World and hopefully benefit from an increase in trade. The Olympics boosted UK investment, created jobs and helped transform an area of east London previously dismissed as derelict and polluted.
Jan 09th, 2016 - 09:59 pm - Link - Report abuse 0@11 Englander
Jan 10th, 2016 - 01:12 am - Link - Report abuse 0Likewise, Vancouver Canada was transformed, it's profile has risen greatly, and facilities are vastly improved.
Oh, and it was said they broke even... probably more benefits since then.
I see it's all going swimmingly, just as I and one or two others predicted.
Jan 10th, 2016 - 11:58 am - Link - Report abuse 0But Brazil is still in a tailspin and DumbAss Dilma keeps pushing the rudder in the wrong direction.
As for the Olympics I will be amazed if they are anywhere near break even. After all who is going to turn up and pay? Only naïve people who don't realise the personal danger they are in.
Article
Jan 10th, 2016 - 12:16 pm - Link - Report abuse 0”...there is strikingly little evidence that such events increase tourism or draw new investment. Spending lavishly on a short-lived event is, economically speaking, a dubious long-term strategy. Stadiums, which cost a lot and produce minimal economic benefits, are a particularly lousy line of business. (This is why they are usually built by taxpayers rather than by corporations.) ...“
” Philip Porter, an economist at the University of South Florida who has studied the impact of sporting events, told me that the evidence was unequivocal. “The bottom line is, every time we’ve looked — dozens of scholars, dozens of times — we find no real change in economic activity,”....”
http://www.nytimes.com/2014/08/10/magazine/does-hosting-the-olympics-actually-pay-off.html?_r=0
This too should make idiot child brasileiro happy - his country is roaring down the sewer where he can paddle around on his skateboard.
Jan 10th, 2016 - 02:39 pm - Link - Report abuse 0,Well,
Jan 10th, 2016 - 07:32 pm - Link - Report abuse 0we will all find out by the end the year,
lets hope they all have a y nice time,
and bring home the Gold, Silver and Bronze.
It's only my opinion, but hosting the Olympics is clearly a pursuit of prestige, or status, and not a cost-effective, profitable endeavor.
Jan 10th, 2016 - 07:47 pm - Link - Report abuse 0Making it seem cost-effective is attempted, but the hosts aren't after the profit and arguments for its cost-effectiveness are hollow. Those are just lies that get logical people off their back.
A country that hosts an Olympics becomes a member of the “few”. The Olympics doesn't pay for itself, it is a cost. The cost is a price, a high one, that a country pays for the status symbol.
Rightly or wrongly, people do spend a lot of quid on status symbols. And hosting the Olympics is one of them.
Can you ever imaging North Korea holding the Olympics.
Jan 10th, 2016 - 07:52 pm - Link - Report abuse 0worth a funny thought on Sunday..
@17 bushpilot
Jan 13th, 2016 - 02:36 pm - Link - Report abuse 0Inclined to agree with your and previous opinions. Hosting the Olympics (and the World Football Cup) is more about pursuing prestige than anything else. After adding up the cost of the WFC in 2014, Brazil made a tremendous loss. Regardless of the always present corruption, stadiums that hold 65,000 spectators were built in towns where attendance for the whole year wouldn't fill them...
On the other hand, the prestige is relative - with so much bad news regarding Brazil in the international media, be it about corruption, street crime or the generally lousy infrastructure (with a few exceptions), I don't think the Olympics will change that perception.....but to those that are intent on coming, just one word of advice : blend in, don't flash money around, and grow a third eye on the back of your head..
Life in Brasil -
Jan 13th, 2016 - 03:45 pm - Link - Report abuse 0https://www.youtube.com/watch?v=lI0JMRdImko
Life in Argenzuela
https://www.youtube.com/watch?v=lI0JMRdImko
Life in Chile
https://www.youtube.com/watch?v=lI0JMRdImko
Life in the islands
https://www.youtube.com/watch?v=lI0JMRdImko
@20 Marti Llazo
Jan 13th, 2016 - 06:30 pm - Link - Report abuse 0Couldn't be truer.....I remember the scenes of the first video (attemped motorbike robbery ) being shown on the news a couple of years ago. My only regret is that one got away.
Commenting for this story is now closed.
If you have a Facebook account, become a fan and comment on our Facebook Page!