Brazilians head home for a taste of the BRIC boom

After layoffs swept the US, a Harvard grad rolls the dice in her native South American boomtown.

For Global Post

On a sticky December morning, Justine Arena explains to a student that appropriate small talk for an international conference call must not include “How is Mr. Obama?”

“No politics,” says the 36-year-old English teacher/entrepreneur in her client’s plush office in a wealthy neighborhood.

Her student is no sullen teen, but the Latin America director for a multinational automaker.

Still, it’s clear who’s in charge here.

“What about ‘how is your mother?’” asks the student.

“Nothing personal either,” Arena says somewhat sternly. “Stick to the weather.”

She is one of a growing group of former Brazilian immigrants who have come home, drawn by economic growth and a job market the US and Europe can no longer offer. The 2010 census showed that from 2005 to 2010, 174,000 Brazilians returned to their home country, nearly twice as many as between 1995 and 2000.

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2012: Brazil’s Year in Review

For The Rio Times

From municipal elections to the mensalão, from dams to deforestation, for the slowing economy and the booming middle class, 2012 was big for Brazil. The year began with devastating building collapses in Rio de Janeiro, and ended with a farewell to world-renowned architect Oscar Niemeyer.

In between, Brazil saw Rio+20, gay marriage in São Paulo, a battle over oil royalties and one enormous corruption trial. Murders were up in São Paulo, deforestation was down in the Amazon, and President Dilma Rousseff was declared the world’s third most powerful woman.

Here are five of the year’s biggest political stories:

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Mantega Lowers Brazil GDP Estimate to 2%

For The Rio Times

Finance Minister Guido Mantega revised Brazil’s economic growth forecast for this year to two percent Thursday, from an earlier estimate of three percent. The downgrade comes as a response to Brazil’s continuing struggle with an economy that has stagnated over the past 18 months, growing just 2.7 percent in 2011, down from 7.5 percent in 2010, as it faces shockwaves from the global economic crisis and China’s economic slowdown.

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