Protesters demanding lower fuel prices have won concessions from the Temer government. But the specter of revived subsidies and state meddling in oil giant Petrobras hit investor confidence and the real currency, part of the truckers’ problem. Fiscal laxity is not a solution.
Raul Castro's coming handover of Cuba's presidency is an effort to prolong beyond his own life span the communist revolution he built with late brother Fidel. Trying to modernize could also destroy it, though. And with neighbor Venezuela getting less able to provide cheap oil, economic reform can't wait.