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Infamous Political Misuse of Data – Opinion

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President Jair Bolsonaro’s government has made distrust a necessary element for citizens to evaluate information disclosed by federal agencies and senior government officials, especially the most prominent authorities. Whether intentionally or not, much of this information is or may be incorrect. This concerns data from the General Register of Employed and Unemployed (in cells), which the government used as propaganda, trying to hide the scale of the socio-economic crisis. It is now known that the lavish numbers shown by the president and his economy minister, Paulo Gedes, to show the rapid creation of quality jobs last year were wrong. The reality is far less brilliant than what the government is showing. The balance of formal jobs created in 2020 is almost half of the declared one.

After months of denial that there were no underreporting of hiring and firing in the months following the outbreak of the pandemic, the Labor and Welfare Department has finally admitted to what independent researchers have already pointed out since mid-last year. The numbers were wrong. The change in data collection methodology (using information from eSocial) exacerbated the crisis, which reduced the activity of many companies, led to the closure of others and forced many of them to suspend the regular submission of monthly information. The data in the cell is out of date or understated. Hence the need to review it.

The survey found that the creation of formal employment was much lower than stated. In January, the Ministry of Economy announced a net creation of 142,690 formal sector jobs in 2020. As a result of the revision, this number was reduced to 75,883, which is 47% less.

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The speeches of the President of the Republic, his sons and senior advisers so often contain half-truths, facts out of context, and outright lies that parts of the public seem to be shielded from the harmful effects of such practices. However, inaccurate or incorrect data processed by government agencies is less common.

Reviewing economic data should not be a political event. But this government even turned statistics into an instrument of political and electoral manipulation. Recently, commenting on the Caged figures, Minister Paulo Gedes said that Brazil is “very fast” creating jobs. And he added: “Every three and a half months, we create almost 1 million jobs.”

The contrast between the Caged data and data calculated by the Brazilian Institute of Geography and Statistics (IBGE) in its Continuous National Household Sample Survey (PNAD) was clear, showing the existence of some 13 million unemployed and millions of other disenchanted or underemployed. … Lacking any technical arguments to explain this discrepancy, Gedes said that “BIGS is still at the age of a chipped stone.” Fortunately, unlike a minister, responsible labor market researchers know where to look for reliable data.

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The dollar continues to reflect the political scenario

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The dollar continues to reflect the political scenario

Yesterday, financial agents evaluated the opposite decision of the Federal Supreme Court (STF) regarding the so-called secret budget. In addition, a decision was made by STF Minister Gilmar Méndez to issue an injunction that would exclude the Bolsa Família from the spending cap rule, with investors trying to understand how this measure would affect the processing of the transitional PEC in the Chamber of Deputies. Oh this PEC!!!!

Since he is an exchange investor, any reading that the budget will be exceeded or become more flexible will negatively affect the exchange market, whether through the PEC or in any other way. We will continue with volatility today.

Looking beyond, the US Central Bank (Fed), although slowing down the pace of monetary tightening at its December meeting, issued a tougher-than-expected statement warning that its fight against inflation was not yet over, raising fears that rising US interest rates will push the world’s largest economy into recession.

The currency market continues to react to political news. The voting on the PEC is saved for today. It is expected that it will indeed be reviewed to open the way tomorrow for discussions on the 2023 budget.

Yesterday, the spot price closed the selling day at R$5.3103.

For today on the calendar we will have an index of consumer confidence in the eurozone. Good luck and good luck in business!!

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Andrés Sánchez consults with the Ministry of Sports, but refuses a political post.

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Goal.com

The former president of the Corinthians dreams of working for the CBF as a national team coordinator. He was consulted shortly after Lula’s election.

Former Corinthians president Andrés Sánchez was advised to take a position in the Ministry of Sports under the administration of Lula (PT). However, he ruled out a return to politics. dreams of taking over the coordination of CBF selectionHow do you know PURPOSE.

No formal invitation was made to the former Corinthian representative, only a consultation on a portfolio opportunity with the new federal government, which will be sworn in on January 1, 2023.

Andrés was the Federal MP for São Paulo from 2015 to 2019. At that time he was elected by the Workers’ Party. However, the football manager begs to stay in the sport, ruling out the possibility of getting involved in politics again.

Andrés Sanchez’s desire is to fill the position of CBF tackle coordinator, which should become vacant after the 2022 World Cup. Juninho Paulista fulfills this function in Brazil’s top football institution.

The former president of Corinthians was in Qatar to follow the World Cup along with other figures in Brazilian football. During his time in the country, he strengthened his ties with the top leadership of the CBF.

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The EU has reached a political agreement on limiting gas prices – 19.12.2022

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Germany sentenced Russian to life imprisonment for political murder by order of Moscow - 12/15/2021
BRUSSELS, DECEMBER 19 (ANSA). European Union countries reached a political agreement on Monday (19) to impose a natural gas price ceiling of 180 euros per megawatt hour (MWh). The main sources of income for Russia and the minimization of the use of energy as a weapon by the regime of Vladimir Putin.

The agreement was approved by a supermajority at a ministerial meeting of member states in Brussels, Belgium, after months of discussions about the best way to contain the rise in natural gas prices in the bloc caused by Russia’s invasion of Ukraine. .

The value set by the countries is well below the proposal made by the European Commission, the EU’s executive body, in November: 275 EUR/MWh. However, the countries leading the cap campaign were in favor of an even lower limit, around 100 EUR/MWh.

Germany, always wary of price controls, voted in favor of 180 euros, while Austria and the Netherlands, also skeptical of the cap, abstained. Hungary, the most pro-Russian country in the EU, voted against.

The instrument will enter into force on 15 February, but only if natural gas prices on the Amsterdam Stock Exchange exceed 180 euros/MWh for three consecutive days. In addition, the difference compared to a number of global benchmarks should be more than 35 euros.

Italy, the EU’s biggest supporter of the ceiling, has claimed responsibility for the measure. “This is a victory for Italy, which believed and worked for us to reach this agreement,” Environment and Energy Minister Gilberto Picetto tweeted.

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“This is a victory for Italian and European citizens who demand energy security,” he added.

Currently, the gas price in Amsterdam is around 110 EUR/MWh, which is already a reflection of the agreement in Brussels – in August the figure even broke the barrier of 340 EUR/MWh.

However, Russia has already threatened to stop exports to countries that adhere to the ceiling. (ANSA).

See more news, photos and videos at www.ansabrasil.com.br.

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