Morning Wire Brazil Unrest & Car Sales Collapse | 1.10.23
Jan 10, 2023
Brazil is facing severe political unrest as protests erupt over allegations of electoral fraud against newly elected President Lula da Silva. Meanwhile, 2022 marks a historic low for auto sales in the U.S., impacting major manufacturers and consumers alike. High inflation and rising interest rates are complicating the market further, leading to increased monthly payments for buyers. In contrast, a new study reveals that foreign disinformation had a minimal effect during the 2016 election, challenging several prevailing narratives about misinformation in politics.
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Brazilian Protest
- Protesters in Brazil allege electoral fraud due to the fully digital, centralized voting system.
- They are demanding a manual recount to complement the digital count.
Lula's Policies and Concerns
- Lula da Silva campaigned on reinstating welfare policies, targeting lower-income Brazilians.
- Concerns exist due to Lula's past corruption scandals and alliances with authoritarian regimes.
Military Purge
- Lula is purging military and police officials to consolidate power.
- He is also considering establishing a National Guard, which has raised concerns about his methods.