The main obstacle to further progress on the resource curse is China, and to a lesser extent India.

As I like to put it, we have hit pay dirt. The effort to cure the resource curse is a good example of what private foundations working with NGOs can accomplish.

The markets are always on the side of exuberance or fear. It's fear and greed. Right now greed has the better of it, which is rather nice (for investors) as long as it doesn't get out of hand,

I think the (Brazilian) government has done most of the things it promised to do on the fiscal front, ... However, it has mismanaged the process so badly that the currency overshot.

So I think what needs to happen is he needs to be removed from power,

He is actually doing the right thing for himself because he is preserving himself in power, and he puts himself in a position where he can bail out his cronies who are in financial difficulties, including his son and so on,