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Eletrobras (ELET3) gives 9% of privatization fears

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Ibovespa: Eletrobras (ELET3) Drops 9% On Fears Crisis Will Stop Privatization
Eletrobras. Photo: Reproduction Facebook

Rising political tensions after Independence Day holiday demonstrations collapsed stocks Eletrobras (ELET3) this Wednesday (8). Investors are concerned that President Jair Bolsonaro’s excited tone and backlash in the National Congress and Federal Supreme Court could jeopardize the privatization of the state-owned electricity company.

For this reason company common paper fell 9.29% to R $ 34.29, one of the Ibovespa’s biggest victims… already Eletrobras promotions Classes A and B fell 15% and 8.89%, respectively, to R $ 65.45 and R $ 34.95.

During the protests on September 7, the president of the republic shouted against the ministers of the Supreme Federal Court (STF), in particular, Alexander de Moraes, who is leading the investigation of fake news. Jair Bolsonaro said on Avenida Paulista that he “will no longer obey” the decisions of the magistrate.

This Wednesday, the Chairman of the Chamber of Deputies Arthur Lira (PP-AL) moderated the speech and said that there is no room for disagreement between the powers.

STF President, Minister Louis Fuchs, has taken a tougher stance. He stated that the Court would not accept threats to its independence and compliance with its decisions.

An atmosphere of fear has led Rodrigo Pacheco, President of the Federal Senate, to cancel all deliberative and House committee meetings scheduled for today and tomorrow. It is estimated that there is no political environment for voting on projects, regardless of whether they are of interest to the Planalto Palace or not.

The political climate could stop the privatization of Eletrobras

In addition to legal uncertainty and confusion in court orders, XP highlighted in their report Wednesday the difficulties posed by rising political tensions over reforms and privatization in Congress.

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According to Fernando Ferreira and Jenny Lee, the reform agenda could face obstacles as parliamentary attention shifts to the institutional crisis.

“This will not be the first nor the last political crisis in Brazil. In this case, it is likely that the increased tension in the political climate will not disappear quickly, since there is still more than a year before the presidential elections, ”they wrote.

“In the near future, political tensions should continue to put pressure on Brazilian assets,” added XP experts.

A temporary measure allowing privatization of Eletrobras was sanctioned by President Jair Bolsonaro in July. However, the sale of control of a state-owned company must go through a long process before the next offer of shares (subsequent).

Last week, President of the National Bank for Economic and Social Development (BNDES) Gustavo Montesano extended the privatization deadline, which ran from the first two months of 2022 to the first half of the year.

With the rise of political tensions in the country Eletrobras the privatization may have to wait a bit.

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Politics

PR Course in Selective Justice Encourages Equal Participation in Politics

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Curso da Justiça Eleitoral do PR estimula participação igualitária na política

The Women in Politics Commission and the Parana District Electoral Court Judicial School (TRE-PR) are promoting the online training course Women in Politics: Forming Candidates in 2022. From October 5 to October 28, classes will be offered to all comers with round-the-clock certification for those who gain at least 75% of the attendance. The limited course is free. Applications are accepted until September 30.

Make registration

Classes will be held on Tuesdays and Thursdays from 19:00 to 22:15 and 23.10 (Saturday) from 8:30 to 10:30, replacing 10.12 (Tuesday), the national holiday. The aim is to raise awareness of the importance of equal participation in politics by providing nominating tools that promote greater equality, fairness and democracy.

Diversity

Flavia da Costa Viana, Chief Justice and Executive Director of the TRE-PR School, said this edition of the course will reflect on the importance of diversity in political debate. “Attention will be paid not only to the need for greater participation of women in public life, but also to other minority groups.”

The judge emphasizes that it is never superfluous to recall the words of Minister Barroso in his inaugural speech to the High Electoral Court (TSE): “The involvement of idealistic and competent women in politics is an important requirement of the country. Women make up half of the population. And black, brown or indigenous people make up half of the women. We need to increase diversity in Brazilian public life. We are a multinational, multiracial, multicultural country. We must realize that this is an asset, a dignity, a privilege that history has given us. “

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According to Judge of the 174th Electoral Zone of Curitiba (PR) and President of the Women in Politics Commission, Adriana de Lourdes Simette, “The idea is to convey relevant information about the electoral and electoral process so that when elections approach, women and people involved in politics, regardless of party and ideological nuances, can be better prepared to participate in the next elections. “

The following topics are discussed during the course: legal aspects of women’s participation; political parties; budget and campaign funding; accountability; Communication; ballot box security and verification of electronic voting; registration of the application; democracy; diversity; social networks and civil language.

This is the second edition of a series of lectures that first took place in October 2019. The initiative is part of the Sustainable Development Goals (SDGs) of the 2030 Agenda of the United Nations (UN) Global Compact. In particular, it responds to the goals set in Goal 5, which aims to achieve gender equality and the empowerment of all women and girls. It is also in line with Objective 9 of the judiciary, which encourages action to prevent or reverse litigation related to the 2030 Agenda SDGs.

Schedule

Politics and Women’s Participation: Legal Aspects and the Opinion of Those Who Judge
Ina Barbosa Honda and Sousa – chapter 50 of the electoral zone of Araucaria
Date: 05.10, from 19:00 to 21:00

Political parties
Jaime Barreiros Neto – server of the Bahia Electoral Court
Dates: October 5 from 21:15 to 22:15 and October 7 from 19:00 to 20:00.

Campaign budgeting and funding
Denise Schlickmann – Secretary for Internal Control and Audit of Electoral Justice Santa Catarina
Date: 07.10, from 20:15 to 21:30

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Political communication on social networks: has everything migrated to the Internet?
Rubian Kreutz – Public Relations Coordinator of the Electoral Court of the State of Parana
Date: 07.10, from 21:30 to 22:15

Accountability
Paulo Sergio Estevez – Coordinator of Electoral and Party Accounts of the Electoral Court of Paraná
Date: 14.10, from 19:00 to 20:00

Ballot box security and e-voting verification
Roni Cesar de Oliveira – Head of the Ballot Box Administration Section of the Electoral Court of the State of Parana
Dates: 14.10 from 20:15 to 21:30 and 28.10 from 20:45 to 22:15

Civil language: how to communicate in a simple and inclusive way
Melissa Diniz Medroni – Head of Journalism Production at the Electoral Court of the State of Parana
Date: 14.10, from 21:30 to 22:15

Elections, advertising and social media
Ana Carolina de Camargo Cleves – Professor of Constitutional and Electoral Law at the Center for the Autonomous University of Brazil (UniBrasil) and President of the Paraná Institute for Suffrage (IPRADE)
Dates: 19.10 from 19:00 to 20:30 and 26 October from 19:00 to 20:30.

Public Speaking and Campaign Assertiveness
Sirley Masil – Professor of Public Speaking and President of the Institute for Learning, Research and Creature Development (INTREPEDS)
Dates: 19.10 from 20:45 to 22:15 and 26.10 from 20:45 to 22:15

Political communication and women’s campaigns
Luciana Pahnke – Researcher and Professor at the Department of Communication at the Federal University of Parana (UFPR)
Date: 21.10, from 19:00 to 20:30 and from 20:45 to 22:15

Registration of candidacy
Daniel Morgado Maemura – Judicial Secretary of the Electoral Court of Parana
Date: 23.10, from 8:30 to 10:30

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diversity in politics
Polianne Santos – Advisor to the Vice President of the Supreme Electoral Court (TSE) and founder of the Feminine Visibility project
Date: 23.10, from 10:45 to 12:15

Political reform, women’s participation and democracy
Ana Claudia Santano – Research Professor of the Higher Education Program in Law of the Autonomous University Center of Brazil (Unibrasil)
Date: 28.10, from 19:00 to 20:30

Service

Course “Women in Politics: Forming Candidates 2022”
When: from 5 to 28 October
Enrollment: from 20 to 30 September
Transmission: via the Zoom platform. An access link will be sent to registered people by email.

A source: TRE-PR

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The political scientist believes that the highlight of the electoral reform is the veto of the coalitions

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The political scientist believes that the highlight of the electoral reform is the veto of the coalitions

Political scientist Rafael Cortez believes that the main highlight of the electoral reform is the veto of party coalitions in the elections of deputies and councilors.

“The main reason for the noticeable influence of this veto is that proportional coalitions fictitiously used voter representation, since the number of electoral coalitions was not maintained throughout the entire legislative process, but varied only to count votes and increase the number of seats of a particular party,” Cortez explained. CNN

The political scientist argues that voters had no control over where their vote went. “In the end I voted for candidate A and helped choose the name of party B, which clearly contradicted the will of the voter.”

The Senate approved this Wednesday (22) in two rounds a Proposed Constitutional Amendment (PEC) electoral reform and canceled the return of coalitions. The proposal gives more weight to votes for women and blacks while dividing party resources.

Since the Senate suppressed only those parts that did not reach consensus, such as the return of party unions, there is no need for PECs to return to the Chamber of Deputies. The text is now due to be made public by the President of Congress, Senator Rodrigo Pacheco (DEM-MG), by October 2. If this does not happen by that date, the rules will not apply to next year’s elections.

According to Cortez, the political system in Brazil is very complex from the point of view of the electorate. “It is very difficult to trace where this vote is going, because, in fact, as soon as we vote for a candidate, we vote for a party without knowing it. For example, it is unlikely that a deputy is elected only by the personal votes that he receives. The vote of the elected deputy is the sum of the individual votes with the votes cast by the people in the party legend. “

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Election Court Cancels Mandates of Mayor and Deputy Campo Magro for Abuse of Political and Economic Power | Parana

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Election Court Cancels Mandates of Mayor and Deputy Campo Magro for Abuse of Political and Economic Power |  Parana

The electoral court has revoked the mandates of the mayor of Campo Magro in the Curitiba metropolitan area, Claudio Cesar Casagrande (PSD) and Deputy Mayor Osmar Leonardi (PSC) for abuse of political and economic power.

The decision from Monday (20) said the city increased its municipal administration’s advertising spending by more than 4,000% in 2019 compared to the previous two years.

The two, however, remain in office until appeals are heard.

The defense of Casagrande and Osmar Leonardi said they disagree with the findings of the verdict.

“There was important evidence and arguments that were not taken into account. The representatives are confident that the conviction will be overturned by filing an appeal with the Paraná District Electoral Court, ”they said in a note.

According to the ruling, about R $ 170,000 was spent on advertising in the last week of 2019, and materials were used up during 2020, the year that the mayor and vice president were running for re-election.

“The abuse of political and economic power must be recognized and the seriousness must be marked by the mismatch in income and expenditure between candidates and the expectation that campaign advertising will translate into institutional advertising, which has given the re-elected candidate a significant advantage through personal advancement in the use of public resources.” – the resolution says.

The electoral court also ruled that the mayor of Casagrande was barred from being elected for eight years after the 2020 elections.

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