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You Would Never Believe What This High School Student Was Suspended For
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Left-Wing Controlled Unions Have Shut Down Socialist Brazil As Trucker Protests Continue
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Cop Busted Banging A Hooker He Arrested In The Back Seat Of His Patrol Car After Being Accidently Locked In
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Famous YouTuber Vitaly Is In Deep Sh!t In The Philippines After Taking Things Too Far
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Looks Like This Abortion Joke Ruffled Some Feathers LOL
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Over 100 Illegals Arrested In Colorado Springs In A Massive Sting, Charges Include Drug Trafficking, Prostitution And Violence
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Dude Gets The Soul Knocked Out Of Him While Charging Another Guy At The Top Of The Stairs
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These Homeless Zombies Attacking A City Bus Is The Most Los Angeles Thing You'll See Today
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A week-long truckers’ protest is leaving Brazil with a massive bill, lower growth projections and worse yet -- more strikes to come.
A diesel price cut for 60 days, the latest concession to truckers announced by President Michel Temer late on Sunday, will cost 9.5 billion reais ($2.6 billion), Finance Minister Eduardo Guardia told Bloomberg. A further 4-billion reais shortfall in fuel taxes due to cuts announced last week may be offset if Congress votes to end payroll tax breaks. At the same time economists cut their 2018 growth projections for the fourth consecutive week to 2.37 percent.
Financial markets tumbled on Monday, reflecting just how much investor sentiment toward Brazil has soured. Brazil’s real led losses among 24 emerging market currencies tracked by Bloomberg, falling 2.3 percent to 3.7375 at close of trading. The Sao Paulo stock market index fell 4.49 percent, and is down over 9 percent since the strike began. State-run oil company Petrobras led losses, falling almost 15 percent in the day.
