It is tempting to liken this week’s surprising protests in Brazil, which have attracted huge crowds in the country’s biggest cities, to another movement a couple of years ago in the Northern Hemisphere. But there are important differences between Brazil’s unrest and the Occupy Wall Street movement.
On a patch of barren savannah in eastern Colombia, a settlement called Oasis has sprung to life in five years. Hundreds of oil workers and truck drivers relax on a February evening in some 40 hotels, bars, eateries and brothels made mostly of corrugated metal sheets.
Prime Minister Shinzo Abe’s delay in pushing forward plans to loosen Japanese business rules heightened pressure on the central bank to sustain confidence as stocks extended their slump from last month’s five-year high.
Japanese Prime Minister Shinzo Abe pledged a legislative campaign to loosen rules on businesses ranging from non-prescription drugs to construction. Stocks slid as he said the effort won’t begin for months.
Whenever a free-market research or business group releases a “best and worst” list of states, my eye goes straight to the bottom: To see whether California is last or was edged out for the lowest rank by one of the other mismanaged liberal bastions. Illinois seems to exist to boost the self-esteem of Californians.
As Japan’s cherry trees bloomed and the stock market soared, Kohetsu Watanabe flew to a blossom- viewing party in Tokyo hosted by Prime Minister Shinzo Abe to tell the premier personally how bad things really are.
Minutes released by the Bank of Japan highlighted a split among policy makers over achieving 2 percent inflation and mixed views on bond market turbulence after Governor Haruhiko Kuroda cited signs the economy is picking up.