The closed Venezuelan banks Carnival of Latin America and the Caribbean
Welcome to the Carnival of Latin America and the Caribbean.
While Evo Morales won yesterday’s election and apparently gained control of the of the senate, the big story of the week is the crisis at the Venezuelan banks. Read the Venezuela News and Views post and the links in the Venezuela section below.
The Iranian Time Bombs
Argentina’s Dirty War Orphans
Bolivian elections: Evo Morales’s power grows with easy victory
Bolivian President Evo Morales has easily won a second term in power, according to early exit polls that showed the former coca farmer with a strengthened mandate to pursue socialist reforms.
How can you tell the fake Obama from the real one? The fake one wears the American flag on his lapel.
Ecuador Seeks To Block Chevron
Nielsen Adds Puerto Rico
•Puerto Rico has applied with the Federal Aviation Administration to privatize San Juan Luis Muñoz Marin International.
The FAA’s pilot airport-privatization program allows up to five airports – with one slot for a large hub airport – to sell a long-term lease to private operators.
A local government selling the airport lease would receive a one-time windfall but give up operational control and recurring revenue.
Puerto Rico would become the third airport in the program if the FAA accepts its application after a 30-day review. Chicago Midway has applied for and was granted the large hub airport slot in the program, but its privatization efforts collapsed this year after an investor group failed to raise $2.5 billion needed for a 99-year lease.
New Orleans is the other airport accepted in the program.
Alvaro Pilar, executive director of the Puerto Rico Ports Authority, which operates the airport, told the Associated Press that money collected from private investors may go to address the island’s fiscal crisis by paying down some of its $3.2 billion deficit.
A majority of airline tenants would have to sign off on any privatization deal. American Airlines is the dominant tenant at San Juan Muñoz.
The week’s posts and podcasts:
Bolivia’s election: 15 Minutes on Latin America
Chile now officially a developed country
Rudy does Rio
Fighting drought, Venezuela takes over more farms
Honduran Congress rejects Zelaya’s reinstatement: 15 Minutes on Latin America
The LA Times calls for carrots for Cuba
Honduras congress will NOT reinstate Zelaya