The big news this week: After a few years on the upswing, Latin America’s largest country and biggest economy has been downgraded from positive, to stable.
Mexico’s Grupo Elektra to Exit Argentina
Mexican retail and banking company Grupo Elektra said it is leaving Argentina after six years in the country because of government restrictions on business and high inflation.
Andres Oppenheimer: Miami officials should thank Argentine president
Miami officials should erect a statue to Argentina’s President Cristina Fernández de Kirchner. Thanks to her disastrous economic policies, Argentines are flocking to invest here and Argentine developers are building some of the city’s most spectacular real estate projects.
Calling Jesse Pinkman: More than $1 million tossed from a plane in Bolivia
Caribbean states seek slavery reparations from Europe, but apparently not from Spain, which is broke (h/t Gates of Vienna)
“Missing”: Ex-US Navy Officer Wanted for Murder Dies in Chile
678 cases & counting: Cholera (and Castro’s Cover-Up) on the Rise
Latin American cinema
Coming of age
Trade overrides ideology: Latin America’s Anti-Americanism Is All Talk
Anti-American rhetoric in ALBA countries has not prevented them from listing the US among their main trade partners. As of 2012, the US was the main import source for Venezuela, Nicaragua, Ecuador and Honduras. Particularly striking is that 31.2 percent of Venezuela’s imports and 28 percent of Ecuador’s come from the United States. Adding to this list, the US is Bolivia’s fourth largest source of imports, producing up to 10 percent of its imports, and Argentina‘s second source after Brazil.
The United States receives the largest percentage of Latin American exports from Venezuela, Ecuador, Nicaragua and Honduras. In the case of Bolivia, it drops to second place after Brazil. Such significant flows of merchandise and capital will not stop overnight, no matter how many countries forced the Bolivian presidential plane to land for a few hours.
Armed Housewives In The Hills Of Southern Mexico Fight Back Against Organized Crime
Women in the Mexican town of Xaltianguis, an hour away from Acapulco, have joined the men in patrolling their streets and have managed to significantly reduce a local crime wave.
At the beginning of the year, town leaders reached out to the Union of Peoples and Organizations of Guerrero State (UPOEG), an established statewide network of community police. Guerrero, one of Mexico’s poorest states, has a long-time tradition of sending waves of immigrants north to the U.S. in search of work. The state also has long history of guerrilla activity.
Historically, towns in Guerrero have had rather tenuous ties to the federal government. Many have taken advantage of provisions in Mexico’s constitution that grant indigenous groups the right to enforce their own “customs and practices,” and maintain their own semi-autonomous police and justice systems.
Pal of Peru cocaine mules Melissa Reid and Michaella McCollum arrested in major drugs bust on party island Ibiza
CHELSEA Greaves, 20, her dad and uncle were among 15 people held in dawn raids last weekend. Cops seized more than 2000 meth pills as well as cocaine and ecstasy.
Mujica, an ex guerrilla fighter, and Hungarian-American magnate George Soros, believe that legalizing the drug would be a strike against drug trafficking, a better way to control drug consumption and an opportunity to help those who suffer any drug disorder or addiction.
While it makes them money, too.
It’s Time To Teach Venezuela A Lesson
The week’s posts and podcast:
Nicaragua: Bill de Blasio ignores the truth.