. March 19, 2011 SouthAmerica: I am glad the Brazilian government is restricting the foreign ownership of farmland in Brazil - as I have been suggesting in Brazzil magazine. ***** http://www.elitetrader.com/vb/showt...=foreign+land+ownership+in+Brazil#post2948667 September 10, 2010 SouthAmerica: I have been posting information on Brazzil magazine for the Brazilian government to restrict the foreign ownership of farmland in Brazil. ***** Brazil tightens land acquisition by foreigners: âspeculators and sovereign fundsâ Merco Press - Thursday, March 17, 2011 The Brazilian government is tightening a law that restricts the amount of land foreigners can buy. The decree prohibits non-Brazilians from buying controlling shares of companies that own vast tracts of territory in the country, Brazilian Attorney General Luiz Inacio Adams said in a statement this week. The action is aimed at preventing foreign investors from circumventing the interpretation of a law that restricts their direct acquisition of land. According to O Estado de Sao Paulo the Attorney General Office issued the ruling which has been distributed to state commerce councils responsible for the registration of company agreements. Itâs not clear if deals already agreed could be suspended by tribunals. Since 1971 the Brazilian government has limited the outright purchase of rural farmland by foreigners or companies based abroad for food-security reasons. The law dictates that foreigners can own no more than one-fourth of a county, and no one nationality can own more than 10%. Under current legislation foreigners could purchase up to 50 modules, ranging from 250 to 5.000 hectares depending on the region and soil yield. Currently, foreigners own 4.5 million acres (1.8 million hectares) of Brazilian land â a number that has grown 11.5% from 2008, according to the government agency charged with land distribution. As one of the worldâs most important agricultural powers, Brazil last year severely restricted all new farmland investment from abroad amid fears that foreign governments, led by China, were snapping up land in emerging markets to boost their food security. However with global food prices hitting a record in February, Brazil is also eager to attract new capital to the sector to increase its share of world agricultural exports while continuing to screen out unwelcome âsovereign investorsâ owned entities, according to Wagner Rossi, the agriculture minister. âWe need to distinguish properly on the one hand between speculators and sovereign funds, which are a threat to our sovereignty, and on the other side, foreign investors who come with good projectsâ Mr Rossi told the Financial Times in a recent interview. Brazil is already the worldâs largest exporter of coffee and sugar, the second largest grower of soybeans and the third largest exporter of maize. But the need for additional production from the country to help alleviate global food shortages is urgent. The Brazilian government, under the previous president, Lula da Silva, in 2010 reinterpreted the law to restrict foreign investment in agricultural land after watching foreign governments including China, South Korea and the Gulf states buying land in Africa and elsewhere to increase their food security. The trend gained notoriety after Daewoo of South Korea attempted to purchase a large chunk of land in Madagascar, which helped to trigger a coup dâétat in the African island country. âSome of these countries are great partners in other areas, but having them buying land in Brazil creates some sort of sovereign risk for us. This is not part of our plan and we are not going to allow thatâ Rossi pointed out. Brazilâs grain yield this year was expected to reach 150m-155m tons compared with 149m last year, Rossi said. This would include a bumper soybean crop of about 70m tons. http://en.mercopress.com/2011/03/17...by-foreigners-speculators-and-sovereign-funds .
I wonder if the Chinese computer motherboards have backdoors built into them? Since they make most if not all of the motherboards, then, it would make sense that they would incorporate a way to eavesdrop on users at large companies to steal data.
A good thought, though disturbing and revealing..wow..:eek: Makes you wonder so that is how china seems to be ahead of us and has grabbed many countries jobs because they seem to know what the world wants and makes them at such cheap rates?
Seems China is indeed gaining the upper hand, as recently it refused to "obey" US, so does that mean China shall be the new power? :eek: http://www.msnbc.msn.com/id/45283979/ns/politics-white_house/t/obama-china-behave-grown-economy/
February 15, 2012 SouthAmerica: China vs. USA Paul Craig Roberts: China isn't to blame for a weak US economy â February 15, 2012 <iframe width="420" height="315" src="http://www.youtube.com/embed/Eq2o6X8oaVA" frameborder="0" allowfullscreen></iframe> .
February 15, 2012 SouthAmerica: I never paid any attention to these ratings of the postings on ET forums. I started noticing that it did not matter what I posted here on ET forums, almost immediately someone rated my posting with the worst rating. That started to happen since I placed about 8 members of this forum on my ignore list - about 2 of these guys are like little children and they act accordingly - and the older members of this forum know whom I am talking about. And because I no longer see any of their postings of the fellows whom I placed on my ignore list, for me it's like they don't exist on this forum and the only thing that they can do now is play with the rating of the postings - which it does not bother me in any way. Basically, these kids make the ratings of the postings irrelevant for everyone. All I can say to you is: don't pay attention to the ratings of the postings, and decide for yourself if reading the posting of any member of ET forums is worth any of your time. Besides, after you have been around for a short period of time, you realize by the quality of the postings, the intellectual level and knowledge of the other members of this forum, and the people who is worth reading their postings, and the few idiots and morons (and child like little kids) that participate in the discussions on these forums. .
SA, As somebody who does a lot of business in both China and Brazil I see exactly how China operates. They steal everything Contracts mean nothing Verbal agreements mean nothing, once the signatures are due they seek to change the terms at the last minute. ALWAYS. Brazil is finally "getting it". Every firm I do business with says the same thing about the wonderful Chinese. They hate them. They strip your land of resources and protect their own market by not allowing you to sell anything in their market. Look at the composition of trade, not the headline but the composition. You blame the US for nearly every problem in the world but if you compare the US to China the US isn't even close. China is directly responsible for millions of N Koreans starving and they are arming and backing the Syrian gov't while they kill their own people. Ask the Africans how wonderful the relationship with China is working out.
P.S. The world cup and Olympics are going to be an absolute disaster in Brazil. Don't get me wrong, I love Brazil but the airports and infrastructure are woefully inadequate. If it takes 2-2 1/2 hours to get the 20 km to Sao now, just add a few more million and let the nightmare begin.