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Old 08-15-2011, 07:41 AM
 
Location: Fortaleza, Brazil
2,588 posts, read 4,667,529 times
Reputation: 1572

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Foreigners Follow Money to Booming Brazil, Land of $35 Martini


RIO DE JANEIRO — Pondering the financial storms lashing Europe and the United States, Seth Zalkin, a casually dressed American banker, sipped a demitasse and seemed content with his decision to move here in March with his wife and son.

“If the rest of the world is cratering, this is a good place to be,” said Mr. Zalkin, 39.
For those with even the dimmest memories of Brazil’s own debt crisis in the 1980s, the global order has been turned on its head. The American economy may be crawling along, but Brazil’s grew at its fastest clip in more than two decades last year and unemployment is at historic lows, part of the nation’s transformation from inflationary basket case into one of Washington’s top creditors.

With compensation rivaling that on Wall Street, so many foreign bankers, hedge fund managers, oil executives, lawyers and engineers have moved here that prices for prime office space surpassed those in New York this year, making Rio the costliest city in the Americas to lease it, according to the real estate company Cushman & Wakefield.

(...)


Read the rest of this article on New York Times:

http://www.nytimes.com/2011/08/13/wo...pagewanted=all

 
Old 08-15-2011, 04:41 PM
 
Location: Fortaleza, Brazil
2,588 posts, read 4,667,529 times
Reputation: 1572
By the way, foreigners are welcome here (not only Americans, but from all countries).
 
Old 08-15-2011, 05:13 PM
 
9,967 posts, read 14,645,703 times
Reputation: 9193
Sounds good... And I could probably figure out Portuguese easy as I already know Spanish. I didn't really want to have to learn Mandarain Chinese anyhow. Plus Brazillian women are the most beautiful in the world and the music and beaches are tops as well.
 
Old 08-15-2011, 05:24 PM
 
Location: New Hampshire
4,835 posts, read 4,830,055 times
Reputation: 3616
You couldn't pay me to go back to Brazil.
 
Old 08-15-2011, 05:35 PM
 
Location: Fortaleza, Brazil
2,588 posts, read 4,667,529 times
Reputation: 1572
Quote:
Originally Posted by KickAssArmyChick View Post
You couldn't pay me to go back to Brazil.
Even Jesus couldn't please everyone...
 
Old 08-15-2011, 05:44 PM
 
Location: New Hampshire
4,835 posts, read 4,830,055 times
Reputation: 3616
Quote:
Originally Posted by MalaMan View Post
Even Jesus couldn't please everyone...
Sorry but no. The violence down there is ridiculous. I was robbed more times than I can count and I lived in a safer part of town.
 
Old 08-15-2011, 05:45 PM
 
48,516 posts, read 84,066,874 times
Reputation: 18051
Thought I sawBrizil markets were down like 27% year to year now.
 
Old 08-15-2011, 06:12 PM
 
Location: Fortaleza, Brazil
2,588 posts, read 4,667,529 times
Reputation: 1572
Quote:
Originally Posted by texdav View Post
Thought I sawBrizil markets were down like 27% year to year now.
Brazilian markets just accompanied the speculative panic in the world markets in the last weeks.

The problem with your year-on-year comparison is that it doesn't tell the whole history. Exactly one year ago, in August 2010, Brazilian markets were already 98% higher from the lows of early 2009. At that same point, Dow Jones was only 60% higher from the lows of early 2009. Brazilian markets recovered much faster from the early 2009 lows than American markets. So, the basis for year-on-year comparison is much higher.
 
Old 08-15-2011, 06:43 PM
 
Location: Miami / Florida / U.S.A.
684 posts, read 1,294,935 times
Reputation: 470
Quote:
Originally Posted by MalaMan View Post


Foreigners Follow Money to Booming Brazil, Land of $35 Martini


RIO DE JANEIRO — Pondering the financial storms lashing Europe and the United States, Seth Zalkin, a casually dressed American banker, sipped a demitasse and seemed content with his decision to move here in March with his wife and son.

“If the rest of the world is cratering, this is a good place to be,” said Mr. Zalkin, 39.
For those with even the dimmest memories of Brazil’s own debt crisis in the 1980s, the global order has been turned on its head. The American economy may be crawling along, but Brazil’s grew at its fastest clip in more than two decades last year and unemployment is at historic lows, part of the nation’s transformation from inflationary basket case into one of Washington’s top creditors.

With compensation rivaling that on Wall Street, so many foreign bankers, hedge fund managers, oil executives, lawyers and engineers have moved here that prices for prime office space surpassed those in New York this year, making Rio the costliest city in the Americas to lease it, according to the real estate company Cushman & Wakefield.

(...)


Read the rest of this article on New York Times:

http://www.nytimes.com/2011/08/13/wo...pagewanted=all
The Nyork times does not know that Brazilians are Americans too..
 
Old 08-16-2011, 12:27 PM
 
Location: Fortaleza, Brazil
2,588 posts, read 4,667,529 times
Reputation: 1572
Some news that came out in the Brazilian press:

The number of working permit visas to foreigners coming to Brazil increased almost 20 percent in the first half of 2011, compared with the first half of 2010.

In Portuguese:

Emissão de visto de trabalho para estrangeiros cresce 20% este ano

O número de vistos de trabalho para estrangeiros aumentou 19,4% no primeiro semestre deste ano em comparação com o primeiro semestre do ano passado, segundo dados do Ministério do Trabalho. Foram concedidas 26.545 autorizações este ano, contra 22.188 em 2010.

Read the rest:

Emissão de visto de trabalho para estrangeiros cresce 20% este ano | Últimas notícias | Diario de Pernambuco - O mais antigo jornal em circulação na América Latina


Google Translate:

http://translate.google.com/translate?js=n&prev=_t&hl=en&ie=UTF-8&layout=2&eotf=1&sl=pt&tl=en&u=http%3A%2F%2Fwww.d iariodepernambuco.com.br%2Fnota.asp%3Fmateria%3D20 110707180246
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