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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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President of the Republic defends bet on Covid vaccination due to increase in cases – IVF

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President of the Republic defends bet on Covid vaccination due to increase in cases - IVF





President of the Republic defends bet on Covid vaccination due to increase in cases – IVF































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Primary schools of the municipality are preparing a political and pedagogical project Jornal da Manhã

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Primary schools of the municipality are preparing a political and pedagogical project Jornal da Manhã

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The leaders of 31 primary schools of the municipal network took part in the 2nd Training Meeting on the preparation of the Political Education Project (PPP) for implementation in school divisions from the second semester of 2022.

The PPP is being prepared by the Department of Education (Semed) through the Directorate of Teaching/Department of Primary Education, and the latest event with Principals, Alternate Principals and Educational Coordinators hosted last week by Advisor Andrea Richitelli.

The political-pedagogical project is a theoretical and methodological tool for intervening and changing reality in search of the quality of education, success and permanence of students in school. This is a tool for the formation of citizens,” said Luciana Kruvinel, director of education at Semed.

According to Mara Jennari, Head of the Department of Primary Education, the project itself is a process of building and organizing the pedagogical work of the school as a whole on the principles of democratic governance, quality and equality.

At this last meeting, the management teams of the schools were focused on how to write the PPP Situational Concept Paper.

Actions around the Political Education Project have also advanced to the formation of commissions made up of representatives of teachers, administrative staff and families who will be involved in the process of developing the teaching staff of each educational unit.

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MPE even tries to block CNH to force politician to pay for conviction

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MPE even tries to block CNH to force politician to pay for conviction

After five years of trying to freeze the valuables or assets of former MP Meraldo de Sa – finding nothing – the Public Ministry of State (MPE) asked the court to apply “atypical measures” such as arresting CNH to make him pay a fine of more than 100,000 reais for the conviction he received for administrative offences.

The former MP was convicted in 2014 for employing his mother, brother and wife in the municipality of Acorizal (63 km north of Cuiaba) in 2005, when he was mayor.

He was fined 10 times the salary he received as mayor.

The punishment has already become final (when there is nowhere to appeal).

According to MPE, the process has been in the execution phase for more than five years.

The search for goods and attempts to invest were made according to the order and according to the available systems, but all remained inconclusive.

For this reason, the public ministry demanded the adoption of atypical executive measures, which consisted in the seizure of the former deputy of the Council of National Economy and the passport.

However, Judge Celia Vidotti of the Specialized Court of Class Actions said enforcement action is subject to a decision by the High Court of Justice (HJC).

It therefore decided to stay the proceedings against Meraldo Sá pending a later decision by the STJ.

condemnation

During the trial, the Public Ministry of State (MPE) reported that Meraldo Sá, as mayor of Acorisal, agreed to the appointment of Carmelina Carmen de Sá (his mother), Maldo Figueiredo Sá (his brother) and Daisy Fatima Ferreira da Silva (his wife) , “in their respective functions of Social Support Coordinator, Cabinet Coordinator, and Support and Social Assistance Secretary.”

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MPE stated that because the Federal Supreme Court (STF) expressly prohibits the practice of nepotism, it issued a notice to Meraldo in 2008 demanding that all relatives be exonerated and that no new contracts of this type be entered into.

But the then mayor did not prove that he did the rehabilitation, and the MNO notified him twice more, with no answer, and in 2010 the mayor’s relatives were still in office.

Meraldo, on the other hand, argued that his wife’s appointment to the Department of Promotion and Social Assistance did not fall under nepotism. He also stated that he exonerated his brother in 2007 and his mother in 2009.

The judge agreed that the appointment of Meraldo’s wife was not nepotism, since her position was political, not administrative.

However, this does not apply to the appointment of mother and brother, since both held administrative positions.

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