the brazilian parliament has in the older the impeachment vote against doma roosa. -- doma roosa. rouseff. panamanianfrom a company show the use of michelle companies --shell companies. i'm mark crumpton. "bloomberg west" is next. emily: i'm emily chang. this is a special edition of " bloomberg west." we are in district tall. we will be spending the next to the techiving in companies that call boston home. now the city is getting another huge boost from ge as it fromates its headquarters connecticut to boston's growing seaport district, not far from where we are now. mind ofhapes the current tech leaders -- but the city is working to improve its elf. i want to start with a look at venture capital and the funding environment because a number of top vc's are based here. from nass challenge -- a not-for-profit headquartered in boston -- our guest. $5 billion with over $500 million in revenue. and my cohost for the hour -- gentlemen, thank you for joining us. so, i will start with you. you have been on the show before. it is good to be in your neck of the woods. you guys invested in t

the brazilian parliament has in the older the impeachment vote against doma roosa. -- doma roosa. --

brazilian presidents doma -- that was until the acting speaker annulled the initial act. citing procedural rules. here is more on a confused country tonight. >> i do not have this information officially. i am speaking here because i could in no way pretend that i did not know about the same thing. it is not official. i do not know what the consequences will be. please because his. we are living in a web of tricks. >> what in the world is going on? let's go to rio. maybe you conclude within. issue off the hook? >> that an announcement came as a big surprise. everything was set for the senate's vote. they just gave a statement and they are going to ignore that decision and proceed. she is not off the hook. apart from the senate. >> what happens now? she supposedly going to trial. is that off? issue supposed to just govern as if nothing had happened? they are going to ignore the decision. it is not sure that she would get the necessary votes to finish. she is not off the hook it is hard to find anyone in the government to say what exactly going on. are we looking at a countr

wasrter: his predecessor appointed by doma recep last year and was thought to have links to the rulingarty. -- by dilmaecep rouseff. a we will ensure we have strict professional administration. petrobras has been at the center of a major corruption scandal that has gone to the top ranks of government. with an alleged some of over $2 bribes andd in kickbacks to businessmen and politicians in exchange for political support. overinflated deals have in turn caused financial damage to the country, which has been hit by low commodity prices. petrobras has reported record losses for the last two t financial years and has the largest debt of any oil company in the world, over $126 billion. to reduce its spending, it is 12,000 jobscut over by 2020. his appointment is meant to reassure investors. he served as energy minister the president in the 1990's. but his scope of action appears limited. as the head of a state company, he receives orders from the government and is bound by official guidelines. meanwhile, greece is close to clinching a debt relief you with its creditors. that is according t

been mentioned for several posts in government and lula wanted him to be the finance minister for doma- the second term. theas the skill to build consensus. in terms of bringing down debt levels that is another thing. how quickly can they work on that? problem.a massive the budget deficit is almost at 10% of gdp. it is a major attack. what they have said is they are aware of the size of the problem they have in their hands but they are asking us for a little bit more patience to tell us how they will tackled that and make is on adoes -- it sustainable path even if it takes a while in the short term to get us there. some ofust looking at our reporting, your reporting become ateam, he did senior advisor. he has gone down to the private sector. can he bring back to the public sector? >> brazil needs to get out of this cold mess that we are in -- maybe he has the skill to get it done and negotiate better and not get so involved in the party politics. we will need to see what he can do. carol: what about his team and what we know about that team? >> we do not know that much yet. someone bac

host: that is peter from doma, new jersey.ne more point for our guest coral davenport, michelle writing in townhall says propaganda itself suggests that erosion of isle de jean charles was a result of land management factors that had nothing to do with climate change. is climate change the real corporate -- the real culprit here? host: in terms of isle de jean charles, there are three pieces. one is nationally erosion. it second is the oil and gas industry came in and dug out a bunch of panels as part of extraction. that exacerbated and increased the speed of the national coastal erosion. a third piece is rising sea levels due to climate change. so this island is expressing a triple whammy. we are seeing rising sea levels and coastal erosion all over the place, that is normal. then you have rising sea levels due to climate change coming in and exacerbating that natural process. we make sure to make that clear in the story. from britain,ne tennessee is up next on republican line. jaclyn, go ahead. caller: this is the most ridic