Brazil to Spend $25bn on Public Transit, Vote on Reforms
Brazilian President Dilma Rousseff has proposed to set aside $25bn for public transport following days of mass nationwide street protests, in an effort to seize the political initiative. She also suggested on Monday a referendum on broad "political reform" in response to public anger with substandard public services and rampant official corruption in Brazil, the world's seventh largest economy. She also stressed the need for fiscal responsibility and for boosting investments in health and education as demanded by Brazilians who have taken to the streets in the tens of thousands over the past two weeks. "The streets are telling us that the country wants quality public services, more effective measures to combat corruption ... and responsive political representation," Rousseff said.