Brazilians face higher gas prices, more austerity moves after election

Rising gas prices and the selection of a more fiscally austere economic team have Brazilians facing a period of difficult adjustment after the reelection of President Dilma Rousseff. Though Rousseff's second term doesn't start until January, her administration has already announced plans to squeeze spending and has cut a gas subsidy, raising prices at the pump. The moves are aimed at inspiring investors and other segments of the business community after a marked slowdown this year in the nation's long-booming economy. They follow a campaign in which Rousseff, whose support is strongest among the poor, accentuated her left-of-center credentials, and early moves have already...