Speaking about Brazil, I guess it's not all unicorns and glitter after all.
Posted By: Folderdog
Date: Tuesday, July 12, 2011 at 08:07 am
Just this morning I read some really interesting things about the country of Brazil. There's this AP story about the Brazilian consumer debt bubble:
The interest rate on credit cards in Brazil's financial hub of Sao Paulo averages 238 percent, according to a study conducted earlier this year by Fecomercio, a federation of commerce. That means carrying a balance of $1,000 for a year results in a $3,380 tab. That cost is expected to rise, with the Central Bank of Brazil likely to raise interest rates to battle inflation.
AP Story
And then there is always this:
RIO DE JANEIRO (AP) — Rio de Janeiro's public defenders' department says the Brazilian state has accumulated more than 60,000 unsolved murders in the last 10 years. Across Brazil, police solve about 8 percent of murders. In the United States and in European countries the rates are reportedly around 70 percent to 80 percent.
Death by Indifference?
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Speaking about Brazil, I guess it's not all unicorns and glitter after all.
Folderdog -
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Tuesday 12 July 2011, at 08:07 am [ID# 1212712] [reply]
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NEW: U R SO DUMB
(nm)
newmanscott22 -
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Tuesday 12 July 2011, at 03:33 pm [ID# 1212947] [reply]
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