International
Bolsonaro welfare plan shakes Brazil markets, sparks resignations
AFP
A proposal by Brazil’s far-right President Jair Bolsonaro to dramatically increase welfare payments to the country’s underprivileged groups a year ahead of elections shook markets Thursday and triggered resignations at the Ministry of Economy.
The program could cost the government an extra 30 billion reais ($5.3 billion dollars) at a time when inflation is already high and exceed the government spending ceiling established by law.
The government announced earlier this week that it was setting up a new social welfare program to replace the “Bolsa Familia” system created by the leftist administration of former president Luiz Inacio Lula da Silva.
The new program would start in November with a 20 percent increase in benefits paid to nearly 17 million Brazilians in need.
Coming just a year before a presidential election in which Bolsonaro is widely expected to be defeated by Lula da Silva, the move was seen by several analysts as a pre-election sweetener.
The measure rattled investors. The Sao Paulo stock market fell 2.75 percent, while the price of the US dollar rose to 5.65 reais, its highest level in six months.
Concerned by the plan, several economic officials quit their posts, including top treasury officials Bruno Funchal and Jeferson Bittencourt, authorities said.
Bolsonaro denied that his project, whose source of funding has not been specified, is against the law.
“There are around 16 million people registered with the ‘Bolsa familia’, and though the financial aid reaches an average of 192 reais, many people receive 40, 50, 60 reais. What we are saying is: 400 reais for all,” he said Thursday.
Bolsonaro also offered to “help” 750,000 truckers with compensation for increases in the price of diesel.
The president made the announcements at a time when his popularity is at its lowest level since he took office in 2019, and amid high inflation and high unemployment.
International
Judge declares Donald Trump not guilty in Stormy Daniels case
Judge Juan Merchan acquitted U.S. President-elect Donald Trump in the case involving former porn actress Stormy Daniels.
“At this moment, I am issuing this verdict to cover all 34 charges,” Merchan stated. The judge also wished Trump good luck in his second term as president.
Trump will now become the first criminal president.
Merchan declined to impose any punishment. This decision strengthens Trump’s acquittal and clears the way for his return to the White House without the threat of prison or a fine.
“Never before has this court faced such a unique and remarkable set of circumstances,” Judge Merchan said.
International
Canada imposes sanctions on 14 venezuelan officials for human rights violations
Canada imposed sanctions on 14 high-ranking officials of the Venezuelan “regime” this Friday, including prominent members of the Military Counterintelligence Directorate (DGCIM), for their involvement in human rights violations in Venezuela.
Among those sanctioned are DGCIM prosecutors Dinorah Yoselin Bustamante Puerta and Farik Karin Salcedo Mora; the director of criminal investigations at the agency, Asdrubal José Brito Hernandez, as well as its former deputy director, Rafael Ramón Blanco Marrero.
The sanctions also target several members of the Bolivarian National Guard: its general commander, Elio Ramón Estrada Paredes; the commander of the capital region, Johan Alexander Hernández Lárez, and lieutenant colonel, Alexander Enrique Granko Arteaga.
Other individuals sanctioned include the director of the Bolivarian National Intelligence Service (SEBIN), Alexis José Rodríguez Cabello, and his deputy director, Miguel Antonio Muñoz Palacios; Brigadier General of the Bolivarian National Police, Rubén Darío Santiago Servigna, and Domingo Antonio Hernández Lárez, commander of the Bolivarian National Armed Forces.
International
María Corina Machado urges Edmundo González Urrutia not to return to Venezuela for his safety
Venezuelan opposition leader María Corina Machado said on Friday that she asked Edmundo González Urrutia, former candidate of the Democratic Unitary Platform (PUD), not to return to Venezuela to avoid putting himself at risk.
In a video message, Machado explained that the opposition evaluated the situation and concluded that González Urrutia would be in danger if he tried to enter Venezuela as he had planned.
González Urrutia, who claims to have won the July 28 elections with the support of more than 85% of the official voting records, had announced that he would return to Venezuela on January 10 to assume the presidency.
Earlier, Nicolás Maduro, who was declared the winner of those elections, took the oath of office for a third term.
Judge declares Donald Trump not guilty in Stormy Daniels case
Canada imposes sanctions on 14 venezuelan officials for human rights violations
María Corina Machado urges Edmundo González Urrutia not to return to Venezuela for his safety
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