Article - Brazil’s winning bid provides Olympic lesson for the world
By Ruth Melkonian

Recently, as the world waited for the International Olympic Committee (IOC) to announce its decision on the location of the 2016 games, many expected Chicago to win. After all, its most famous resident, the president of the U.S., had campaigned hard for its selection.

Instead, the IOC chose Rio de Janeiro, on grounds of its “strong technical bid” with “long-term aspirations for the future.”

Some reports said this would be “good for Rio de Janeiro.” But I’ve come to believe it might be the other way around: Showcasing Brazil through the Olympics could teach the world some important lessons.

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News - Brazil inflows seen robust despite controls-ANBIMA

*Inflows from Japan investors especially strong

*Healthy fundamentals, low inflation draws investments

*Japan investors put $1 bln into Brazil fund on Wednesday (Adds comments, background, byline)

TOKYO, Nov 25 (Reuters) - Brazil is expected to see strong foreign fund inflows backed by its healthy fundamentals and long-term growth prospects despite its recent capital control steps, an executive of a Brazilian financial body said on Wednesday.

Foreign portfolio investments by Japanese have been particularly strong and the pace has picked up since October, when Brazil was selected to host the 2016 Olympics, Pedro Bastos, a director of Brazilian Financial and Capital Markets Association (ANBIMA), told a news conference in Tokyo.

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News - Brazil to create 1.3 mln jobs by year end-Lula

CAMACARI, Brazil Nov 20 (Reuters) - Brazil will have created 1.3 million payroll jobs by the end of 2009, President Luiz Inacio Lula da Silva said on Friday, as Latin America’s largest economy recovered from a brief recession.

The forecast was more optimistic than that of Labor Minister Carlos Lupi who on Monday said 1 to 1.1 million jobs would be created by year end.

Data on Monday showed Brazil’s economy added jobs for a ninth straight month in October — a record for that month. Lupi expects the economy to create 2 million jobs in 2010.

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News - Ford to Invest $2.3 Billion for Expansion in Brazil

Nov. 20 (Bloomberg) - Ford Motor Co. said it will spend 4 billion reais ($2.3 billion) to expand in the growing Brazilian market, the largest investment it has made in the country.

The five-year plan includes boosting the capacity of the Camacari factory that makes the Fiesta small car and modernizing the Troller plant that builds utility vehicles, said Jennifer Flake, a spokeswoman. The Dearborn, Michigan-based company also will invest in new models for Brazil, she said.

The auto industry in Brazil, South America’s largest economy, is headed for record sales this year, the country’s automakers association said on Oct. 7. Ford ranks fourth in Brazil, behind Fiat SpA, Volkswagen AG and General Motors Co.

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News - Lula Says Brazil’s 3rd-Qtr GDP Grew at ‘Chinese Pace’

Nov. 17 (Bloomberg) - Brazil’s economy may have expanded about 9 percent in the third quarter, President Luiz Inacio Lula da Silva said in his weekly newspaper column published today on Diario de Pernambuco’s Web site.

Lula said the economy is growing at a “Chinese pace,” while the country’s international reserves, at $233 billion, have brought stability that guarantees funding for investment in social programs and infrastructure, he wrote.

“Among several indicators that resulted from this highly favorable scenario, I can cite the surplus, in a year of crisis, of 1 million government-registered jobs and third-quarter gross domestic product, which should register growth at a Chinese pace of about 9 percent,” Lula wrote.

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