The big news this week:
Alvaro Uribe visited the US and spoke at the UN. The American media paid no attention to the US’s greatest ally in the hemisphere.
A new oil field recently found in Colombia is larger than expected.
Russian Prime Minister Vladimir Putin had offered help with a reactor, adding that “we already have a commission working on this issue.”
From China, Chavez got agreements on oil, producing oil tankers and a refinery, and launching a Venezuelan telecommunications satellite from China.
A more important result from the trip is that $1 billion military loan and a new oil consortium from Russia. Putin doesn’t send you $1billion without expecting really big results: Russia is bankrolling an arms race right in our hemisphere, folks.
In other news, Ecuador’s new constitution was approved by a margin of 65%. I predicted yesterday that it would pass by 60%, only because Soviet-style 99%+ margins have gone out of fashion. This is probably the first Constitution in the world which grants inalienable rights to nature
Ecuador’s proposed constitution includes an article that grants nature the right to “exist, persist, maintain and regenerate its vital cycles, structure, functions and its processes in evolution” and will grant legal standing to any person to defend those rights in court.
Conveniently so, considering how it’ll be yet another weapon against foreign corporations and political enemies.
And now for the Carnival
Today’s Brazil, Peru, Argentina: Latin America Bond, Currency Preview at Bloomberg.
What We Can Learn From Chile’s Financial Crisis. I’ll add the video as soon as the code is available.
Cuba’s ambitions for growth laid to waste yet again.
Rewriting the book of Daniel
Downright lunacy, via IBD Blog, US Department of Energy to deliver oil from strategic reserve to Citgo
Newly installed in Caracas: a monument to the FARC’s founder, Manuel Marulanda, who died of a heart attack last March.
Republican quits in Hispanic row
This week’s podcasts and posts