- The capital city of Brasilia turned 50 years old today. The Washington Post has an article describing the city's challenges. "As Brasilia turned 50 years old on Wednesday, vestiges of that dream live on in Oscar Niemeyer's soaring architecture, the uniform residential apartment blocks, and the plane-like city shape that legend has it was meant to signal the Latin American giant's take-off." Meanwhile, Hooters Brasilia celebrated by granting customers two free beers with the purchase of the Hooters Rib plate.
- Big international law firms (Millbank Tweed Hadley & McCloy LLP) and investment banks (Standard Chartered PLC) are opening offices in Sao Paulo. And we wonder why real estate prices are skyrocketing.
- Wizard, a language school franchise with 1200 locations throughout Brazil, has plans to open 10 schools in the state of Pernambuco by 2012.
Students loiter outside recently inaugurated Wizard
- Construction material sales grew 26% in March. Brazilian real estate experienced a hiccup in 2009, but it is roaring in 2010, due to lower interest rates, increased consumer confidence, and the governmental Minha Casa, Minha Vida (My House, My Life) program, which plans to spend R$34 billion of newly printed and taxpayer money to help build one million houses for those making less than R$60,000 a year.
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