Latin America’s biggest economy, Brazil, is betting on vast offshore oil treasures to leapfrog ahead of the world’s top crude producers. But sometimes the obstacles seem too huge for the country to reach its ambitious targets. Meanwhile, the fuel-guzzling United States hopes that a friendly country like Brazil will help wean it off an unhealthy dependency on other, drama-prone oil suppliers. Will Brazil fit the bill?
Brazilian President Dilma Rousseff fought off challenger Aecio Neves' accusations of corruption as the campaign for Sunday's vote to choose the next leader of the world's seventh-largest economy wrapped up.
FORT LEE, NJ — A number of ginormous endeavors are in the works, not just in the United States. In fact, the biggest-budget item in the Western Hemisphere is actually in Brazil. And the price tag for the Brazilian offshore oil exploration is way more than anything budgeted stateside, including the hemisphere’s No. 2 project, a less-than-likely high-speed railway across California. Here’s a look at the 10 largest infrastructure projects in the Western Hemisphere’s pipeline — some of them already underway, but some of them more like pipe dreams.
NEW YORK — Some of the largest nations on Earth — including Afghanistan, Brazil and India, not to mention the United States — will hold important elections in the coming year, any of which could affect the global political landscape profoundly.