>> It's almost showtime in Rio but as the world turns its gaze on the host of the 2016 Olympics, the 12 million people who live there are grappling with a recession biting deep into their daily lives. Reuters correspondent Paolo Prada is in Rio.>> One of the best places to illustrate the problems in Rio right now is the State University of Rio De Janeiro.
The students have been without classes since March, the state government wasn't able to pay staff, professors. The University stands right across a big road from the Maracana Stadium, which is the most emblematic stadium in all of Brazil. It, in contrast, has received all sorts of financing since 2010 or so when it received 1.2 billion reais in funding for remodeling and for getting prepared for the World Cup which was in 2014 and now the Olympics.
Now just to put that in perspective, 1.2 billion reais is more than the funding that the State University was supposed to get this year.>> Plummeting tax revenues and falling royalties from offshore oil are sapping Rio's ability to provide public services. Now the country's police force is also feeling the pain of the recession.
>> Police who are threatening to strike because they're not getting paid on time. The are also angry because their basic police stations aren't getting financed, they don't have the supplies they need to basically administer the Police Core. And so some of the street criminals and gangs that Brazil's had a long history of having to combat, have felt emboldened.
And it's gotten so bad the police, earlier this month, were welcoming visitors at Rio's International Airport with banners saying, welcome to hell. They were citing all sorts of rising crime statistics.>> This comes as Brazil recently arrested ten people linked with Islamic State, suspected of planning terrorist acts during next month's Olympics.
During the games, Rio will be flooded with more than 85,000 police, soldiers, and other security personnel. But that's little comfort for locals who increasingly fret about the future once the spotlight moves on, leaving much of Rio perhaps worse off than before.