According to evaluation Marcelo Rabbat*, director of the Risk Oficce, recent study developed by the consultoria detected some points that they need to be perfected, to start for the question of the stated period of hedge. , approximately say Rabbat.Trabalhando with a group of 20 not financial companies, the Risk Office you developed a system you specify for analysis, identification and correction of routes in the lines of direction of the politics of hedge exchange. The work considers the three distinct natures of exposition: companies who have in its passive debt generated for the captation of resources in the exterior, but that they are not exporting importers nor; the ones that are great importers (pharmaceutical laboratories, for example) and those who are great exporters, group in which is enclosed all the agronegcio. In the opinion of Rabbat, the group of that has atrelada debt to the exchange deserves particular attention at this moment, but the choice of the correct type of hedge it is important for all the companies. We are against the protection of long stated period because this hedge finishes very provoking a great indebtedness in CDI fatiamento Has companies, also, that they do not need to have hedge none and they do not know of this because banks leave the estruturao of its protection in charge of and the banks are the same ones that the products of hedge vendem, criticize Rabbat.Em the model drawn for the consultoria, the first recommendation are so that the Advice of Administration define which clearly are with priority objective; to protect box flow or to guarantee a good one resulted in the rocking? We had cases well-known of error, as it occurred in the CSN, that protected the box flow, but left the supply of the untied debt. As the excellent one for the proprietor of the company it was the rocking, the episode finished provoking the substitution of the direction technique of the company, comments Rabbat.

Jeremy Hobbs

50 years ago, South Korea was poorer than Sudan Today is an industry leader. Other successful examples are Taiwan, Botswana and Mauritius. Sri Lanka, a country considered lower middle income, has one of the highest infant mortality rates in the world. No doubt, says Green in his book that the world's poorest communities pay the price of climate change, caused mainly by proliferating carbon emissions of the rich. Such extremes are both morally disgusting and a waste of talent and potential. Ending the scourge of extreme poverty, inequality and the threat of environmental collapse is the great challenge of the century. opinion about the book, which challenges the belief that the development of the poorest countries depends only on the behavior of the richest countries, and seeks to show that development only occurs from the bottom up, ie, societies and active citizens and effective states that guarantee security and law enforcement, and are capable of promoting economic growth that benefits all. The author cites numerous examples of what has worked and what has failed in relation to the fight against poverty. 50 years ago, South Korea was poorer than Sudan. Today is an industry leader. Other successful examples are Taiwan, Botswana and Mauritius. Sri Lanka, a country considered lower middle income, has one of the highest infant mortality rates in the world. "From poverty to power can be considered a manifesto to tackle the issue of poverty in the twenty-first century. Is a voice of alarm, but also a lucid view of what we do and how.

The challenge is clear: if we fail, future generations will not forgive us, if we succeed, we wonder why we took so long, "said Jeremy Hobbs, Oxfam's director general. Among the many data it collects this publication there are some alarming: If urgent measures are not taken in 2025 may have 150 million "climate refugees". A child born within 20% of the poorest households in Ghana or Senegal are two to three times more likely to die within five years another 20% born in the richest households. According to the UN would take 300,000 million dollars a year for all the world's people from entering more than one dollar a day. This figure represents one third of annual global military spending. But it seems that ending poverty is not a priority item on the agenda of the international community, since only 10% of global health research was spent on diseases that affect 90% of world population

Urban Infrastructure

Important to stand out that in this period of 10 years the city hall already spent R$11,3 Billions, that is, it had surpassed in R$ 100 million the initial debt. This escape of resources brought disastrous consequncias for the municipal administration therefore the other governmental areas removed precious resources of all as: Public health, Education, Transports, Urban Infrastructure, Habitation, etc. All these areas present serious deficiencies in the attendance the population and unhappyly they had had of being neglected by the payment of the public debt with its high interests. Studies of the Secretariat of Finances of the city of So Paulo disclose that only with the change in the financing conditions, as the use of other indices of monetary update as the IPCA (Index of Prices to the Ample Consumer) or of course raised tax SELIC, they would reduce the sum of the debt in some billions of Reals. In the case of the IPCA, kept the same tax of interests of 9% to the year, would have reduction of R$ 19 Billion. Already for tax SELIC, the economy it would arrive the R$ 12 Billion.

The main problem happened of this situation is that it does not have any type of quarrel gone deep on a subject that intervenes directly with the capacity of expenses of the city hall of the city of So Paulo. Per next the 20 years, about 13% to the net revenue the budget the city it will be destined to the payment of this debt and it does not have perceivable movements of the classroom politics to search a solution for this gigantic economic impediment that also affects the majority of the Brazilian cities. As all the problems of economic order that had always affected our country, the joined solution always was to transfer to the future the necessary resolutions for today. With the beginning of a new government always the possibility of quarrel of the complicated subjects resurges more as this of the debt of the cities with the federal government. However, as it can still more reduce already the engaged budget of the Union, it has of if waiting to see if really we will have serious debates and that they bring benefits for the wronged greaters with this situation: The population of the city of So Paulo and for extension, for sharing of the same problems, all the Brazilian population.