Jair Bolsonaro hints at more changes after ousting Petrobras boss Former Petrobras head Roberto Castello Branco had been an advocate of independence from government intervention 21 February 2021 - 22:44 Peter Millard, Marisa Castellani and Patricia Xavier Activists and members of social organisations inflate a doll depicting Brazil s President Jair Bolsonaro during a protest demanding his impeachment in Brasilia, Brazil, February 21 2021. Picture: REUTERS/UESLEI MARCELINO
Brasilia Brazilian President Jair Bolsonaro said at the weekend that more changes are on the way after naming a former general to replace the University of Chicago-educated economist running state-controlled Petroleo Brasileiro.
The leadership change at Petrobras followed a feud with Bolsonaro over fuel prices after Petrobras adjusted them to align with international rates. His abrupt move on Saturday may add to concerns about a wider shift away from market-friendly policy goals by t
Provided by Dow Jones By Jeffrey T. Lewis SÃO PAULO Shares of Brazil s state-controlled Petróleo Brasileiro SA plummeted Monday at the start of trading after Brazilian President Jair Bolsonaro on Friday sparked concerns about government interference in the oil company when he named an army general to take over as chief executive officer amid a dispute over fuel price increases. Shares of Petrobras, as the company is known, dropped more than 16% shortly after the start of trading Monday, after a more than 6% decline on Friday. Brazil s benchmark Bovespa stocks index fell more than 4% Monday. Mr. Bolsonaro s nominee for the CEO position is Joaquim Silva e Luna, who holds the rank of general in Brazil s army and is a former defense minister. Mr. Silva e Luna is currently the Brazilian Director General of Itaipu Binacional, the Brazilian-Paraguayan agency that operates the Itaipu hydroelectric facility straddling the border between the two countries.
Bankers and portfolio managers worry that Brazilian President Jair Bolsonaro's latest policy moves may undermine the country's recent capital markets revival.
Several political leaders have put out pictures of themselves getting a Covid-19 vaccine hoping to reassure and persuade citizens to follow suit. Could it work? If the goal is to spread the message widely and quickly, the answer is yes.
However, it shouldn’t be surprising that this strategy is causing a stir – particularly in countries where politicians traditionally prefer oral debate over emotion-based communication using the body as a prop.
Why have ritualised, in-person demonstrations by celebrity bodies become such a widespread tool for influence and persuasion?
Using emotion to encourage participation
French sociologist Gabriel Tarde’s foundational works of the 19th century – specifically