On the Olympics (what about it?)
May. 29th, 2016 10:14 pm![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png)
http://www.latimes.com/sports/sportsnow/la-sp-rio-olympics-political-economic-chaos-20160415-story.html
"With Brazil spiraling into political chaos and getting hit by a severe economic downturn, it’s easy to forget that Rio de Janeiro will host the 2016 Summer Olympics in only four months.
The crisis of democracy is using up all the political oxygen in the country. Brazilian President Dilma Rousseff is facing possible impeachment — which she’s openly calling “a coup” — in front of a commission with more than half its members facing fraud or criminal charges. The political class in Brazil is rife with corruption.
Meanwhile Brazil’s economy is gyrating. The country is suffering its worst recession since the 1930s. All three major rating agencies have downgraded Brazil’s investment-grade credit rating. Add the Zika virus and you have a recipe for gridlock. Against this backdrop, the 2016 Rio Olympics have been relegated to mere afterthought."
What a perfect storm!...
"With Brazil spiraling into political chaos and getting hit by a severe economic downturn, it’s easy to forget that Rio de Janeiro will host the 2016 Summer Olympics in only four months.
The crisis of democracy is using up all the political oxygen in the country. Brazilian President Dilma Rousseff is facing possible impeachment — which she’s openly calling “a coup” — in front of a commission with more than half its members facing fraud or criminal charges. The political class in Brazil is rife with corruption.
Meanwhile Brazil’s economy is gyrating. The country is suffering its worst recession since the 1930s. All three major rating agencies have downgraded Brazil’s investment-grade credit rating. Add the Zika virus and you have a recipe for gridlock. Against this backdrop, the 2016 Rio Olympics have been relegated to mere afterthought."
What a perfect storm!...