Sam Bankman-Fried, once a star in the cryptocurrency universe as the CEO of FTX, received a 25-year prison sentence from a U.S. federal court. This verdict concludes a notable trial focusing on a vast financial fraud, where Bankman-Fried was accused of misappropriating $8 to $14 billion from customers and investors. His sentencing signifies a dramatic […]
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Opinion: the government is dangerous and tends to arm itself
By José Pio Martins* (Opinion) There are plentiful examples in global experience demonstrating that the government is efficient in the art of impoverishing the rich, but it’s not efficient in enriching the poor. The more money it takes from the population through increasing taxation, the more the government inflates the state apparatus and allocates more […]
Steel Industry in Brazil: Rising Profits, Idle Production Capacity
The steel construction industry in Brazil saw growth in 2023, yet production remains well below capacity. Three sectors within the industry experienced revenue increases, according to recent studies by the Brazilian Center for Steel Construction (CBCA). Steel structure manufacturers, which produce various metal components, saw a 6.2% revenue increase to R$17.2 ($3.1) billion. Their production […]