“Dinheiro da prefeitura não é Lei Rouanet” Fala de Sérgio Reis provoca polêmica

If you can’t keep people employed digging holes, pay them to fill the holes they have already dug. That seems to be at least part of the logic behind a new mandate from Interior Secretary Ken Salazar.

Just about every major developed nation is struggling to continue its growth. Countries in Europe are struggling even more so now with all the austerity measures they have implemented to reduce their debt, Japan hasn’t whiffed a scent of growth for two decades now, and the U.S. is barely growing AND that is with all the unprecedented “stimulus” that has been provided by the U.S. government and Federal Reserve.

We’re actually headed in the direction of deflation, as the current below average inflation rate of 1.15% attests, because with a depressed economy and devastating unemployment the system has too little money, not too much: people aren’t spending. The Federal Reserve has started to take notice too, and it is considering taking measures to combat this trend.

The new consumer friendly reforms that the government has pushed down the throats of the banks have taken effect. And do the banks ever hate it! No more are they going to be able to sign you on for overdraft protection without your permission and charge you a $35 overdraft fee each time you spend more than what you have in your bank with your debit card or a check.

India’s FMCG sector is the fourth largest in the economy, with a market size of over Rs 110,000 crore (around USD 22 billion) and is estimated to grow to over Rs 185,000 crore (around USD 37 billion) by 2014. The lower-middle income group accounts for over 60% of the sales for the sector. Rural markets account for 56% of the total domestic FMCG demand. Several global FMCG majors have been present in the country for many decades. However, in the last decade, many smaller-rung Indian FMCG companies have gained in scale. As a result, the unorganized and regional players have witnessed erosion in market share.