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Latin America
Is Brazil closer to bringing to Justice members of its corrupt Elite?
Luiz Inacio Lula da Silva, the shoeshine boy who rose to become the first president of Brazil’s working class, is still a hero to millions of Brazilians who know nothing about his dark side and a symbol of change in the largest country in Latin America. His arrest and questioning last Friday, in connection with a huge corruption scandal can turn him a symbol of another kind: the end ...Read full article...
Desperate ‘Lula’ Launches Attacks against President Rousseff
Luiz Inacio Lula da Silva has left behind his slogan of peace and love that he adopted during the 2002 elections, when he was elected president of Brazil. Cornered by the ongoing investigations known as Operation Lava Jato, which looks into corruption at the state oil giant Petrobras, he has resorted to attacking as his defense strategy. Ironically, the subject of his latest attacks is no one else than ...Read full article...
Venezuela Agonizes
Gas goes up 6000% and the currency is devalued almost 60% What can you buy with your salary, even with a 20% increase when gas goes up 6000 percent and the currency devalues by 58 percent? Well, this is the reality of most Venezuelan people. The country not only suffers from food shortages and heavy government imposed restrictions, but its people are now scrambling to make their Bolivares go ...Read full article...
Venezuela Is Out of Food
Here’s What an Economic Collapse Really Looks Like. After several years of long lines, rationing, and shortages, the socialist country does not have enough food to feed its population, and the opposition government has declared a “nutritional emergency.” This is just the most recent nail in the beleaguered country’s slow, painful economic collapse. Many people expect an economic collapse to be shocking, instant, and dramatic, but really, it’s far more gradual ...Read full article...
Brazil’s Real plunged 40% against the U.S. dollar in Two Years
Brazil’s stock market collapsed by 51% in the last year. Brazil is heading for disaster… Brazil is the world’s eighth biggest economy and the fifth most populated country. It’s the “B” in “BRICS,” Wall Street’s acronym for big emerging markets with huge growth potential. Russia, India, China, and South Africa are the other four BRICS. Brazil’s economy grew rapidly from 2000 to 2010. Wall Street expected Brazil to keep growing fast and to ...Read full article...
Brazil for Sale to the Highest Bidder
The Chinese government and foreign corporations are hunting for sweet deals to acquire land and infrastructure. The Brazilian economic and political crisis and the appreciation by almost 50% of the US dollar against the real in the last 12 months have provided foreign investors the ideal scenario to buy off pretty much anything that is for sale. On the one hand, Brazilian entrepreneurs have a noose tied to their ...Read full article...
Brazil Sanctions Law to Confiscate 30% of people’s Foreign Investments
The government will dig deeper into taxpayer pockets to ‘heal’ its crisis. When a government has no money, it either prints it from thin air or steals it from taxpayers’ pockets. In the case of Brazil, its state of indebtedness and disastrous credit rating does not allow it to borrow more money abroad without having to pay hefty fees, so Dilma Rousseff has signed a new law, which was ...Read full article...
Big Agra-driven Deforestation is behind floods in South America
El Niño is a cyclical phenomenon, is part of nature, but its effects can be exacerbated by deforestation. The top-three causes of the recent floods in Argentina, Uruguay and Paraguay are El Niño, AgriBusiness and extremely lousy location of villages. The El Niño phenomenon has brought more rain than usual to south of Latin America, but it alone does not explain the overflowing rivers that have forced over 160,000 ...Read full article...
Costa Rica Under Siege
A politico-military entity is running rampant in the country with the complicity of the sitting president, Luis Guillermo Solis. Costa Rica is well-known worldwide for its natural beauty, friendly population and protection of natural resources. It has even been called the Central American Switzerland. The country has not had an active military since it was abolished over half a century ago. However, that does not mean that Costa Rica ...Read full article...
Latin America Faces a Dark Uncertain Future
Just a few months ago, I wrote about Latin America’s new challenges for the near future. Undoubtedly, the region was adrift back in May, and that situation has gotten worse since then. Latin America had experienced high levels of uncertainty due to its unstable economic and political realities. Now, it seems to be entering a period of transition and no one wants to risk a good forecast about the future. ...Read full article...
Dilma Rousseff to face Impeachment Proceedings
The president of the Chamber of Deputies, Eduardo Cunha, who is himself being investigated for corruption, announced Wednesday to a group of journalists that he decided to accept one of the 28 impeachment requests filed this year against Rousseff. Dilma was re-elected in October 2014 and immediately immersed herself in a political and economic crisis that has overshadowed her government in 2015. The request to dismiss Rousseff accuses her ...Read full article...
The Brazilian Economy has Yet to Bottom Out
The Brazilian economy is like a rotting corpse. Everyone knows it is dead and everyone can smell its decomposing remains from far away. The only reason why the economy in Brazil has not totally imploded is due to the same reason other large economies in the western world have not collapsed. Governments have been resourcing to perpetual indebtedness and out of control money printing to cope with the weakening ...Read full article...
Deutsche Bank cuts 35.000 Jobs in Latin America
eutsche Bank, the biggest German bank, announced yesterday what it called a major restructuring. Its new president, John Cryan, used his first press conference to present hard adjustment plans “to clean up the bank”. After taking record losses of more than 6 billion euros in the third quarter, Cryan said the bank will reduce its workforce by more than 35,000 employees in the next two years. The bank will ...Read full article...
Farmers oppose Construction of Nicaragua Canal
Managua, the Capital city of the country has been paralysed due to the protests. housands of Nicaraguan peasants marched from the countryside to the capital to oppose the construction of a canal whose grant was given to a Chinese businessman, and whose construction is valued at $50 billion dollars. The project has encountered many protests from environmental organizations, although Daniel Ortega’s government argues that it is a great commercial ...Read full article...
Corrupt Politicians in Brazil Exempt Themselves from Corruption
Congressional Commission exonerates Lula and Dilma in Petrobras corruption case. oday the mafia that governs Brazil woke up laughing out loud at the people who thought the country still had a future. The mafia cannot stop laughing at the people who thought that the politicians of the Worker’s Party (PT) and the PMDB would do justice in the Petrobras scandal. According to the report of the congressional commission, there ...Read full article...
