Never before have so many Brazilians held a job, but never have so many families — eight out of 10 — been strangled by debt. Paying it off consumes a third of household budgets in Latin America’s largest economy. And it is there that much of the discontent weighing on Luiz Inácio Lula da Silva’s electoral prospects is born. His 2022 promise that, with him in power, the glorious days of the picanha, the grilled meat, the Sunday barbecue, would return remains a dream for most. For his compatriots, the cost of living is too high. Paying the bills is often impossible, even though the president insists unemployment is at a historic low (5.3%), inequality is falling, and inflation is under control.

Seguir leyendo

Sandro Castro, Fidel’s influencer grandson who runs several Havana nightclubs, was asked a question on Instagram a few days ago that was seen by his more than 165,000 followers. “When will change come to Cuba?” The young Castro posted a photo of himself with a Cuban flag draped over his back while gazing at Havana’s cracked skyline from afar: “Cuba is already changing, or haven’t you noticed?” he replied. Certainly, the country that existed in January is not the same nine months later: most people still watch life slip away amid shortages and long power outages, but a new private class is taking on roles that used to belong to the state — supplying pharmacies, importing and distributing diesel, and ensuring food sales.

Seguir leyendo