Replies to post #14338 on The Rising Influence of Rising Affluence

[DewDiligence]

VALE’s CEO forced out:

https://www.wsj.com/articles/vale-ceo-murilo-ferreira-to-step-down-in-may-1487942519?tesla=y

Brazilian mining giant Vale SA said Friday its chief executive plans to step down when his term ends in May, amid widespread reports of pressure to replace him with a political appointee. Vale CEO Murilo Ferreira won’t renew his contract when it expires on May 26, after six years on the job, the company said in a press release. No reason was given for the decision.

Murilo was himself a political appointee inserted into the CEO slot at the start of Dilma Rousseff’s presidency in 2011.

A consortium led by the federal government of Brazil owns a majority of VALE’s voting shares, so the government can have its way when it comes to selecting management.

[DewDiligence]

(CLF/X/AKS/MT/etc)—Market Realist, a blog picked up by Yahoo Finance, makes habit of posting vacuous write-ups masquerading as analysis. Here’s one such case, where the header alone tells you that you won’t learn anything from reading further:

http://marketrealist.com/2017/03/us-steel-imports-outlook-important-cliffss-volumes

[DewDiligence]

(CLF)—Daytime photo of Shengfang China (Hebei province):

Severe pollution in Northern China is driving the bifurcation of the seaborne iron-ore market into low-quality and high-quality segments, which has ramifications for such companies as CLF. Succinct discussion of this in #msg-128876041.

Photo source: today’s NYT.