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Friday, August 19, 2016

FT LAtAm Viva For 19 August, 2016

FINANCIAL TIMES - Latam Viva: Your weekly briefing from the region
Tudo Certo
By Andres Schipani 
August 19, 2016
Brazilians like to shrug off the country's woes by saying that as long as they have football and carnival, everything is fine, or "tudo certo". Now they have another reason to rejoice: US Olympic swimmers accused of allegedly fabricating a robbery in Rio de Janeiro. They may face charges for lying to officials.
The self-esteem of Cariocas has been boosted, after its shaky level before the opening ceremony, with Brazil experiencing its worst recession on record, Dilma Rousseff about to be impeached, the Zika epidemic, sewage spurting into waterways, and endless stories about street crime.
A police officer was quoted as saying the only thing Ryan Lochte's group of swimmers has said that was true was that they were drunk. If their version about being robbed at gunpoint after returning from a party is proved true, which seems increasingly unlikely, Brazilians may have to revert to embarrassment.
In any case, the country's pride won't be entirely shattered, with many judging the olympiads a delight. Despite the water in a pool turning green, ticketing hurdles, robberies and stray bullets, Brazil may yetwin the gold medal they want above all others: football. Jamaican sprinters and American swimmers broke records.
Venezuela is also breaking records - of misery. Hordes of citizens are fleeing, and the hungry animals at Caracas zoos are being butchered and eaten by even hungrier people. That helps explain the tanking approval ratings of Nicolás Maduro amid a spiralling crisis with no end in sight. 
Socialist Maduro may be happy that his capitalist nemesis, Argentina's Mauricio Macri, is facing a crisis after the Supreme Court overturned residential energy price increases. The hikes had been simultaneously praised as way of closing a fiscal gap left behind by his predecessor and criticised by consumers battling double-digit inflation.
Another critic who may be gloating from the sidelines in tudo certo mood is Evo Morales. Not only did his dream of turning Bolivia into the Saudi Arabia of lithium inch forward after sending the first ever export to China. He also opened an "anti-imperialist" military school to counter, among other things, capitalists.
Other views
Ryan Lochte: A champion swimmer caught in a riptide of self-absorption (WaPo)
Quote of the week
“They made a mistake, they had fun, it’s part of life. Life goes on” - Mario Andrada, the Rio 2016 organising committee spokesman, on the US swimmers affair.
Video of the week
Rio Olympics win over fans
The week in review
Rio Olympics 2016: Ryan Lochte scandal hits raw Brazilian nerve
 
Unravelling of US swimmers’ story restores pride in a nation that feels misunderstood
 
 
Court overturns Argentine gas price rises
 
Ruling is blow to government efforts to reduce fiscal deficit
 
 
Venezuela’s problems can no longer be ignored
 
Its multiple crises are increasingly becoming international issues
 
 
Mexico urged to double tax on sugary drinks
 
Campaign to cut obesity and raise revenue closely watched by overseas audience
 
 
The value of local lessons in tackling global killer diseases
 
Low-cost steps and policies could help save lives, writes Michael Bloomberg
 
 
Brazil looks to build on goals beyond football success
 
Hopes rise that the national team’s path to the Olympic final presages a broader economic revival
 
 
Macri reform push descends into court battle
 
Kirchner-era judges have resisted attempt to stabilise public finances
 
 
Mexico tries to reassure tourists after mass kidnapping at resort
 
State prosecutors point blame for Puerto Vallarta incident at rival criminal gangs
 
 
Rio Olympics 2016: Empty seats pose problems for organisers
 
Paucity of spectators is one of many hitches that have dogged games
 
 
Rio Olympics 2016: Murray caps super Sunday for Britain
 
Tennis gold comes on top of wins for Whitlock, Rose and Kenny
 
 
US Olympic swimmers robbed at gunpoint
 
Taxi carrying Ryan Lochte stopped by armed men posing as police in Rio
 
 
Venezuelan zoo animals’ plight sparks concern as recession bites
 
Zookeepers claim scarcity of food and medicines is affecting animals’ health as crisis deepens