STOCK MARKET UPDATE

Ticker

6/recent/ticker-posts

Lula set to be sworn in as Brazil's president amid tight security

 

The swearing-in will cap a remarkable political comeback for 77-year-old Lula, who returns to the presidential palace less than five years after being jailed on controversial, since-quashed corruption charges.

Some 8,000 police have been deployed for the swearing-in. 

Some 8,000 police have been deployed for the swearing-in. (Amanda Perobelli / Reuters)

Luiz Inacio Lula da Silva is set to be inaugurated for a third term as Brazil's president, in a ceremony snubbed by outgoing leader Jair Bolsonaro, underlining the deep divisions the veteran leftist inherits.

In a sign of the scars that remain from Lula's brutal election showdown with far-right ex-army captain Bolsonaro in October, security will be exceptionally tight at the pomp-filled ceremony in Brasilia.

Some 8,000 police have been deployed, after a Bolsonaro supporter was arrested last week for planting a tanker truck rigged with explosives near the capital's airport, a plot he said aimed to "sow chaos" in the South American country.

Bolsonaro himself left Brazil for the US state of Florida Friday - reportedly to avoid having to hand the presidential sash to his bitter enemy, as tradition dictates.

The snub has hardly dampened the party spirit for Lula and the 300,000 people expected at the New Year's Day ceremony and a mass ive celebration concert that will feature acts ranging from samba legend Martinho da Vila to drag queen Pabllo Vittar.

Foreign dignitaries including 19 heads of state will be in attendance as Lula, who previously led Brazil through a watershed boom from 2003 to 2010, takes the oath of office for a new four-year term at 3:00 pm (1800 GMT).

They include the presidents of a raft of Latin American countries, Germany, Portugal and the king of Spain.

After being sworn in before Congress, Lula will travel by car - traditionally a black convertible Rolls Royce, though officials said that could be changed for security reasons - to the ultra-modern capital's presidential palace, the Planalto.

There, he will walk up a ramp to the entrance and receive the gold- and diamond-embroidered presidential sash.

Organizers of the ceremony - led by first lady-to-be Rosangela "Janja" da Silva - have kept secret who will give Lula the sash in Bolsonaro's absence.

It will be the first time since the end of Brazil's 1965-1985 military junta that an incoming president does not receive the yellow-and-green sash from his predecessor.

Lula faces numerous urgent challenges for Latin America's biggest economy, which looks little like the commodities-fueled dynamo he led in the 2000s.

They include rebooting economic growth, curbing rampant destruction of the Amazon rainforest and delivering on his ambitious agenda to fight poverty and inequality. 

Source: TRTWorld and agencies 


Social media is bold.

Social media is young.

Social media raises questions.

 Social media is not satisfied with an answer.

Social media looks at the big picture.

 Social media is interested in every detail.

social media is curious.

 Social media is free.

Social media is irreplaceable.

But never irrelevant.

Social media is you.

(With input from news agency language)

 

If you like this story, share it with a friend! We are a non-profit organization. Help us financially to keep our journalism free from government and corporate pressure.

Post a Comment

0 Comments

Custom Real-Time Chart Widget

'; (function() { var dsq = document.createElement('script'); dsq.type = 'text/javascript'; dsq.async = true; dsq.src = '//' + disqus_shortname + '.disqus.com/embed.js'; (document.getElementsByTagName('head')[0] || document.getElementsByTagName('body')[0]).appendChild(dsq); })();

market stocks NSC