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Latin America adrift

Not too long ago, Latin America was one of the regions with the best economic perspective on the planet. After the crisis of 2009, recovering and booming economies in the south looked for Asian partners to establish business opportunities with China, India, and even Russia. Those partnerships were established enthusiastically with the signing of new bilateral and multilateral agreements between China and individual commercial partners as well as among ...Read full article...

Paper currency becomes worthless in Venezuela

Venezuelans have begun to feel as if the cash they carry in their wallets is as valuable as Monopoly money. The local currency, the bolivar, tumbled even further this week, falling through the threshold of 400 bolivars per dollar, which is double as low as the value of the so-called Marginal System. That threshold had been established three months ago by the government in an effort to stop the ...Read full article...

Ecuador socializes Private Pension Funds

Workers will be obligated to surrender their life savings to the government. Teachers and other unionized workers have had to provide the Bank of the Ecuadorian Institute of Social Security (Biess) savings they have accumulated on their own to improve their lousy public pensions. The teachers’ pension fund is the most significant, with $405 million saved in 23 years by 126,000 teachers. That is why they are the ones ...Read full article...

Big Brother in little Nicaragua

The Nicaraguan president, Daniel Ortega, is sponsoring a law whose goal is to give his government complete control over the Internet. That control will be exercised through the creation of a state company that will manage broadband services in the Central American country, and that will decide who will receive licenses or permits to offer such services. The initiative is promoted by the Executive branch as a policy to ...Read full article...

Chile’s government falters

Michele Bachelet ‘fires’ her cabinet to regain the people’s confidence What is a president to do when her government is not running smoothly? Common wisdom says that she should evaluate her mandate, make some self-criticism and eventually, if she cannot handle the heat, perhaps she needs to step aside leaving her post to someone else who does not have approval levels as low as hers, especially when her popularity ...Read full article...

U.S. soldiers raped Colombian girls near Tolemaida Air Base

At least 53 Colombian children were raped years ago by soldiers and security employees of the United States stationed in Colombia. Soldiers and employees recorded the abuses and sold the videos as pornographic material. This is the conclusion of a report titled “Report of the Historical Commission of Conflict and Its Victims” that denounces abuses carried out by US forces in the South American country. This study of 809 ...Read full article...

Lula being investigated by Brazilian Federal Prosecutor

The former president of Brazil, Luiz Inacio Lula da Silva, may have entered the spotlight of the Brazilian prosecutor leading the corruption investigation at Petrobras. After the scandal of the so-called operation “Lava Jato”, reports on Brazilian media state that the Prosecutor’s Office in Brasilia has opened an investigation against the former president for influence peddling to facilitate the creation of contracts related to construction projects with foreign governments ...Read full article...

Venezuela in the Dark

Venezuela continues to shape its own version of the dark ages. It has taken the vice-president, Jorge Arreaza, and the Minister of Electricity, Jesse Chacon announced a new “energy savings plan” for the public and private sector, due to increased energy consumption. Apparently, Venezuela cannot take the heat from the latest increase in energy demand. Both Ministers were careful not to use the word ‘rationing’ because of its negative ...Read full article...

Former Brazilian Minister: “PT stole too much”

Former Brazilian Minister of Labor, Carlos Lupi, said that one of the reasons for the political crisis in Brazil is that the ruling Workers Party (PT) “stole too much”. Lupi, who now chairs the Democratic Labor Party (PDT), which integrates the coalition government, was Minister of Labour during the last two years of the Lula da Silva administration. The current president, Dilma Rousseff, ratified Lupi’s position in 2011, when ...Read full article...

Brazil sets Petrobras ‘fraudsters’ free from jail

The new President of the Brazilian oil giant says that company losses are of only $1.8 billion The most expected annual report for 2014 was finally made public by Petrobras, the Brazilian publicly owned company used by contractors and executives to set up the largest corruption scheme ever recorded in the history of the country. Among the revelations included in the report are skim details about the corruption running ...Read full article...

Ecuador goes Old School on Sexual Education

The new proposal of the Government of Ecuador to reduce teenage pregnancy is simple: Teens should postpone sexual intercourse. This is the objective of the National Plan for Strengthening the Family, presented last February 28 to replace the previous National Strategy for Family Planning and Adolescent Pregnancy Prevention, whose main initiative was the free distribution of contraceptive methods among young people. President Rafael Correa considered necessary to renew the ...Read full article...

Corruption and Poverty govern over Latin America

Corruption is the great plague that invades many countries in Latin America and the world. It will be perceived more and more as the threat of economic crisis looms, which will cause even greater rejection of corrupt practices. Social and economic developments in Latin America over the past decade have failed to circumvent a harsh reality: 40% of the population is in vulnerable conditions. That is, the risk of ...Read full article...

Glyphosate among chemicals causing cancer in Argentinian Village

A group of professors at the University of Cordoba, Argentina, detected incidence rates of cancer and other diseases that triple the provincial and national averages. After conducting a study with thousands of people, the professors recommended that grain storage plants, pesticides and other agrochemicals be kept outside the city center. The higher than normal incidence in various types of cancer was detected in the village of In Monte Maíz, ...Read full article...

Yankee Imperialism in Panama

On Saturday, the 7th annual Summit of the Americas concluded in Panama – a longtime US colony. Cuba participated for the first time since the inaugural 1994 event in Miami. Obama met Cuba’s President Raul Castro – the first meeting between a US president and Cuban leader since the 1950s. More on this below. Obama wants Washington’s regional imperial grip tightened – unchallenged like since the early 19th century. ...Read full article...

Government control of the media is next in Costa Rica

Often times warnings about conspiracies are taken lightly and frequently those who warn about them are labeled conspiracy theorists. The label is given to try to discredit their position and assassinate their character. However, there is little doubt about conspiracies when the conspirators themselves tell the public about their plans explicitely and openly. Yesterday we reported how a draft bill proposed by the Ministry of Science and Technology in ...Read full article...
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