Politics
Political party and Supreme play against tax cuts
Brazilian industry shook up Minister Alexandre de Moraes. This is due to the fact that a presidential decree was issued to reduce FDI by 25% for a large list of goods. The political party filed a complaint with the Supreme Court, saying it would harm the Manaus Free Trade Zone. The case fell into the hands of Alexandre de Moraes, who issued an injunction suspending the decree.
The President of the Republic and Minister Paulo Guedes then removed products from the industry that were competitors or similar, leaving only those that did not compete with the Manaus Free Trade Zone. The decrease in IPI will be 35%. The same party appealed to the STF again, Alexandre de Moraes issued another injunction and canceled the decree again.
Now the National Confederation of Industry has received the signatures of all the federations of industry in the country, except, of course, the federations of Amazonas, as well as the federations of Amapa. They argue that Moraes’ decision creates uncertainty and impedes lower consumer prices, making it difficult for the economy to recover. The party that went to the STF against the decrees is Solidarity, it’s good that we know this. Solidarity may even defend the free trade zone in Manaus, but it does not advocate lower food prices for the rest of the country.
Alexandre de Moraes takes office as President of TSE
This Tuesday, at 19:00, at the headquarters of the TSE – a wonderful palace, I will show you a photo; it’s too luxurious, too big for something that organizes elections every two years, but still… – Boloznaro, Lula and Alexandre de Moraes are going to meet. And with them Dilma and Temer, since the former presidents were already invited; I assume that Fernando Enrique Cardoso was also invited, but I don’t know if he will come. The Presidents of the House, Senate, Supreme Court and other higher courts will still be present.
All of them will pass into the possession of Alexandre de Moraes, who will replace Edson Fachin at the head of the electoral justice; Finally, Fashin leaves, and now he is just in the Supreme Court. The ceremony gives a measure of the responsibility of the new TSE President. This is one of the most important elections in the history of this country. And Moraes should know very well what history records and does not forgive. They are all busy making the verification process safer for everyone to understand. Even the Armed Forces are helping – and it must be admitted that this was at the request of the most selective justice system.
Thursday ends deadline for those wishing to vote outside their electoral residence
Speaking of this, we must remember that we must all vote. There is an age when voting becomes optional, from 16 to 18 and then from 70, but we all go to vote. And anyone who is outside their electoral residence can vote too. But you have to ask, register with the electoral court, that you will vote in transit. Deadline expires: You must be on the electoral roll by Thursday 18. When voting en route, anyone in another state votes for President only; anyone in the same state will be able to vote normally, as well as governor, deputies, and senator. But let’s follow the deadline!
Politics
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.
For today on the calendar we will have an index of consumer confidence in the eurozone. Good luck and good luck in business!!
Politics
Andrés Sánchez consults with the Ministry of Sports, but refuses a political post.
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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Politics
The EU has reached a political agreement on limiting gas prices – 19.12.2022
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.
“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).
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