Archive for the ‘Argentina’ Category

Argentina: Creeping to the edge

Thursday, October 23rd, 2014

Chris Noon interviews Prof. Steve Hanke on Argentina creeping closer to the edge. You must read the interview in full,

Argentina’s bleak fiscal situation could deteriorate further over the next year, with a prominent economist telling Interfax on Monday the Latin American country’s foreign reserves could shrink to “near $10 billion” by October 2015. It would leave Buenos Aires struggling to meet payments for dollar-denominated LNG imports, which are essential to the country’s energy matrix.

“To get there [$10 billion], we would see monthly declines in reserves that were roughly similar to those of Q1 2014. It could come about through macroeconomic factors, such as the combination of a strong US dollar, weak commodity prices, and decreasing oil prices. The Saudis are squeezing their competition – especially Canadian tar sands producers – as they push for more market share. This may push down Brent crude further to $60-70 per barrel,” said Hanke.
“It’s difficult to say what will be the ‘straw to break the camel’s back’, but if you keep piling up economic problems, you create a ‘tipping-point’ situation. There’s just too much weight on everything and it gives way,” said the economist.

Trying to put a band-aid on a gashing wound, the government is trying to bring dollars into the country by forcing farmers to export soybeans held in storage even when the price of soybeans has plummeted by around 30% since April, and

Buenos Aires has resorted to making deals with friendly foreign lenders to replenish its coffers. A multibillion-dollar currency swap between Argentina and China will be launched in November, the Latin American country’s central bank chief was quoted as saying in a local paper on Sunday.

That will probably help remedy Argentina’s deeply-ingrained structural problems as well as Venezuela’s oil deals with China have in solving that country’s problems, which is to say, not at all.

Eichmann’s true nature: 2 reviews of “Eichmann Before Jerusalem: The Unexamined Life of a Mass Murderer”

Thursday, October 16th, 2014

Bettina Stangneth shows that Adolf Eichmann acted out of genocidal anti-Semitism, and challenges Hannah Arendt’s claim that he was “terribly and terrifyingly normal.”

Gerald Steinacher at the WSJ: Adolf Eichmann’s Extraordinary Evil
Hannah Arendt saw Adolf Eichmann as an unthinking bureaucrat. She never read the transcripts of his conversations after the war.

Ms. Stangneth, drawing on documents and research that Arendt never had access to, reaches a different conclusion: He was a master manipulator. “Whether he was in the Third Reich, Argentina, or Israel, Eichmann gave detailed and well-informed accounts of the murder of millions. He simply adjusted the account of his own role, and his attitude toward the murders, to his changing circumstances,” she writes.

Argentina was instrumental in his escape, and of others:

Ms. Stangneth, drawing on research by the Argentinian author Uki Goñi and others, also reminds us how openly the networks of former Nazis operated and how far they reached. Like thousands of other Nazis and collaborators, Eichmann escaped to Argentina with the help of Italian Catholic priests and Argentinian officials while carrying Red Cross travel papers. Ms. Stangneth emphasizes the lack of interest Allied authorities showed in bringing former Nazis to justice after the war. This is consistent with my own research, which shows that the Nazis’ escape networks were well-known by many governments and institutions, including the U.S. State Department, as early as 1947. But with the increasing tensions between the West and the Soviet Union, denazification efforts became less and less important. After the Korean War broke out in 1950, attention almost completely shifted to the new enemy: communism. It now appears that the German intelligence service was aware of Eichmann’s whereabouts as early as 1952 but showed little effort to apprehend him. Only Israel was willing to take justice into its own hands.

Richard Wolin at the Jewish Review of Books (emphasis added): Arendt, Banality, and Benhabib: A Final Rejoinder

Nor have I ever claimed that Eichmann was “demonic,” “perverted,” or diabolical. This is a willful misattribution and, more importantly, an attempt to avoid dealing with what Eichmann in fact was: a believer in genocidal anti-Semitism.

Thoughtlessness comes in a variety of guises. One of them is academic hero-worship: reverence for an intellectual icon in the face of a burgeoning mass of evidence indicating that she may have grievously erred. Perhaps Kant said it best in his famous essay “What is Enlightenment?” when he observed that, “Immaturity is the inability to use one’s own understanding without the guidance of another . . . Dogmas and formulas . . . are the ball and chain of his permanent immaturity.”

Available at Amazon in Kindle and hardcover editions.

The Carnival of Latin America and the Caribbean

Tuesday, October 14th, 2014

LatinAmerARGENTINA
Argentine Government Blasts “Speculation” by Grain Exporters

Argentina Creditors’ Lawyers, Mediator to Meet
A court-appointed mediator will meet next week with lawyers representing Argentina and its holdout creditors, the mediator said Friday

BOLIVIA
Morales confident he will win Sunday’s election in all nine Bolivian districts
At an event to mark the closing of his campaign ahead of Sunday’s elections, a self-assured Evo Morales told Bolivians that he will win all over the country and will even take the opposition’s bastions of support in the east.

Bolivia’s election
Happily Evo after
A third term for a “non-stick” leader

BRAZIL
Number of Attacks in Southern Brazil State Rises to 100
The wave of violence, which has left at least three people dead and 41 buses destroyed, has spread to 31 cities in Santa Catarina, whose authorities say the attacks are ordered by a criminal gang from Argentina.


Brazil’s Election Shows How The Left Thrives On Welfare Dependency

The Key Proposals Of Brazil Presidential Hopeful Aécio Neves

Brazil Suspected Ebola Case Tests Negative
A West African man held in isolation at a Rio de Janeiro hospital on suspicion of bringing the deadly Ebola virus to South America has tested negative for the disease, the Health Ministry said Saturday.

CAYMAN ISLANDS
Former Cayman Premier Acquitted

CHILE
Experts Lower Chile’s Growth Forecast to 1.9%

COLOMBIA
Colombia Authorized Guerrilla Leader’s Trips to Cuba

Hours later, President Juan Manuel Santos said that he personally signed off on the trips, which he described as “part of the process, normal.”

Washington Post reporter: White House spin on Cartegena is “demonstrably false”

CUBA
CASTRO’S MOMUMENT
The Castro Legacy: Untold Thousands of Watery Graves

World Bank Touts Cuba’s Communist Education as Exemplary
All the Better to Indoctrinate Students, Exiles Contend

Cuban: I’d Rather Die Trying to Reach Freedom, Than Live on My Knees Living in Tyranny

ECUADOR
El escándalo uruguayo

A Raúl Sendic, candidato vicepresidencial de Uruguay, junto a Tabaré Vásquez, por el movimiento izquierdista Frente Amplio, del presidente José Mujica, le salpicó la “maldición“ del petróleo. Un cuestionado convenio de canje de crudo por derivados entre Ancap/Trafigura/Petroecuador que involucra USD 6.400 millones, empezó a pasar las primeras facturas, en medio de la campaña electoral. El escándalo ampliamente cubierto por la prensa uruguaya, hace referencia al libro Ecuador Made in China, y a una carta remitida al gobierno uruguayo y a varios legisladores de ese país.
. . .
La referida cláusula del Convenio señala que Ecuador proveerá hasta 36000 barriles diarios de crudo, sin embargo en el contrato firmado el mismo día en Montevideo, se estableció la entrega de hasta 100000 barriles diarios, con lo que se violó el Convenio. Incluir un volumen de 100000 barriles día notificaba al más ingenuo que el crudo no estaba destinado a la refinería uruguaya, cuya capacidad máxima, cuando está operativa, es de 50000 barriles día, y de un crudo diferente al ecuatoriano. Al respecto, la Contraloría abona con conclusiones que dejan sin respuesta a los autores del Acuerdo: “se contrató con Ancap, sin que existan estudios técnicos que demuestren los beneficios para el país de una contratación directa”, señala en organismo.

Feminists Weigh In for Chevron in Racketeering-Oil Pollution Case

The Women’s Legal Defense and Education Fund urged the appeals court to rule for Chevron on a highly technical but critical issue. You read that correctly: The nation’s oldest women’s-rights legal advocacy organization, a left-leaning group that helped enact the landmark 1994 Violence Against Women Act and represents victims of sexual harassment and spousal brutality, supports the multinational oil company in its struggle against a crusading lawyer who claims to represent the impoverished and oppressed.

O’Reilly Discusses WFB’s Reporting On Ecuador PR Firm Paying Liberal US Celebrities

EL SALVADOR
El Salvador tries to rein in crime with community policing

IMMIGRATION
FUSION TV LAMENTS ‘UNDOCUMENTED’ WOMEN HAVING HARD TIME GETTING ABORTIONS IN TEXAS

MEXICO
Mexico Arrests Alleged Head of Juárez Drug Cartel
Federal police arrested alleged Juárez drug cartel leader Vicente Carrillo Fuentes in the northern city of Torreón on Thursday, Mexican officials said.
His Arrest Is Seen as Symbolic Amid Police Scandal

Iguala, Mexico and police crimes

NICARAGUA
Russia ban opens opportunities to Iran, Nicaragua

PANAMA
Panama’s National Assembly Ratifies Trade Pact with Mexico

PERU
The Man Behind Peru’s Culinary Ascent
Chef Gastón Acurio Built an Empire With 44 Restaurants in 13 Countries on Ceviche, Guinea Pig and Ethnic Influences

Divide and bribe
Corruption and political fragmentation threaten Peru’s democracy

PUERTO RICO
No More Dunkin’ Donuts for Puerto Rico
Island’s Franchisee Fails to Make Payments, 18 Stores to Close

TRINIDAD TOBAGO
Trinidad and Tobago Mulls Postponing Carnival over Ebola Fears

URUGUAY
Uruguay Welcomes First Group of 42 Syrian Refugees

VENEZUELA
Wouldn’t it be better if they had done this while Maduro was speakinVenezuela: Exxon wins $1.6 billion settlementg at the UN? UN urges Venezuela to release dissenter leader Leopoldo López
The Working Group on Arbitrary Detention of the United Nations (UN) described as illegal the actions of the Venezuelan authorities in the proceedings against the political opposition leader for the events of February 12

Venezuela: a land of political killings and gang turf wars
Politician Robert Serra was murdered in his home
The grisly murder of a young politician and killing of a pro-regime militia leader in police shoot-out signal a bloody power struggle for the legacy of Hugo Chavez, writes Phillip Sherwell

Miami Venezuelans vs. Mary Landrieu

The week’s posts and podcast:
Why Venezuela should not have a seat at the UN Security Council

Could capitalism save the Arabs?

Mexico: Government paying its citizens to avoid deportation from U.S.

Venezuela: Exxon wins $1.6 billion settlement

No More Che Day

4 ISIS Terrorists Arrested in Texas

Mexico: 43 students missing since September 26

Brazil: Aécio’s plan is the economy

At Da Tech Guy Blog:
Why bother covering up the Cartagena, Colombia, prostitution scandal?

Ecuador’s “dirty hand,” and Mia Farrow’s greased palm

Podcast:
US-Latin America stories of the week.

The Top Gear Carnival of Latin America and the Caribbean

Monday, October 6th, 2014

The Top Gear lads got ‘chased by thousands and ordered out of country’

“When we saw people on Twitter getting upset we took the plate off. But they still attacked us so we made a break for it to our hotel in Ushuaia.

“The mob just descended on the hotel and encircled us. State representatives came and ordered us out of the country.”

Here’s the car that caused the fracas,

Video of the police escorting them.

ARGENTINA
Barcelona star Lionel Messi to face tax evasion trial
Barcelona and Argentina star Lionel Messi is to face trial for alleged tax evasion, a Spanish judge has ruled.

Argentina central bank governor resigns amid economic woes
Argentina’s central bank governor Juan Carlos Fabrega has resigned after less than a year in office.

BOLIVIA
Bolivian Couple Arrested in Argentina Accused of Killing Their Daughter

BRAZIL
With election Sunday, Brazil deals with oil scandal
With election Sunday, Brazil deals with oil scandal
Corruption charges in a refinery project complicate the race for the ruling party
.

They include corruption, political machinations with the state-controlled oil company, and delays and overspending on a multibillion-dollar oil refinery that Brazil needs desperately.

CARIBBEAN
20141004_AMC803PetroCaribe and the Caribbean
Single point of failure
Venezuela’s financing programme leaves many Caribbean countries vulnerable

CHILE
Extreme skiers Auclair and Fransson die in Chile avalanche
Police in Chile have found the bodies of two extreme skiers who had been missing since an avalanche struck a mountain in southern Chile on Tuesday.

COLOMBIA
Colombian Attorney General Says Conflict Cases Could Be Shelved

Prince Charles and Camilla to Visit Colombia and Mexico

Who will save Bogota?

CUBA
Keep Cuba out of hemispheric summits

Prosecutors seek 5-year prison term for Cuban opposition activist Ciro Alexis Casanova

Fraternal Relations, Part III

ECUADOR
The Dark Side of Green Justice
Review: ‘Law of the Jungle’ by Paul Barrett

HAITI
Former Haiti president Duvalier diesJean-Claude Duvalier
Haiti’s notorious former ruler Jean-Claude “Baby Doc” Duvalier has died of a heart attack in the capital Port-au-Prince, reports quoting official sources say.

JAMAICA
Jamaica Gets Help Preparing for Possible Ebola Cases

MEXICO
Leader of Cartel Is Captured
The leader of one of Mexico’s largest cartels, Héctor Beltrán-Leyva of the Beltrán-Leyva gang, has been captured, the authorities said Wednesday night, giving President Enrique Peña Nieto another high-profile victory against organized crime.

Indeed, How Dare We Leave Andrew Tahmooressi Behind?

PANAMA
Is Panama’s President Being Coerced by Cuba’s Regime?

1,400 Cops Occupy Unruly Panamanian Prison

Panama President Demands That Judge Explain Growing Wealth

PARAGUAY
Rutherford B. Hayes: An OK President but a hero in Paraguay

Hayes agreed to negotiate a long-held border dispute between Argentina and Paraguay, and the decision gave the nation 60 percent of its land.

PERU
Spanish Speleologist in Hospital after 12 Days in Peruvian Cave

PUERTO RICO
Puerto Rico Offers Itself as a Gateway to U.S. Market, Official Says

VENEZUELA
Venezuela Oil Price Continues Tumbling
Venezuela’s Ministry of Energy and Petroleum reports that the average price of Venezuelan crude sold by Petroleos de Venezuela S.A. (PDVSA) during the week ending October 3 fell to its lowest price since January of 2011. The Latin American Herald Tribune notes that the Ministry continues to post an inaccurate average for the year and reduced the average price for the whole of 2013 by $1.41 without explanation

Venezuela: Lawmaker Killed in His Home, Police Say
A day after Robert Serra, a rising star in Venezuela’s governing party, was stabbed to death in his home, officials said Thursday that it was a carefully planned murder.

The week’s posts and podcasts:
Brazil: Aécio goes to the runoff

Argentina: Top Gear fracas

Brazil: More of the same?

En español: El Alcalde de Iguala en la UdQ

Argentina: Hoping it’s hit rock bottom

Cuba: Risky business

Taxes, and a book

Brazil: Dilma up in the polls

En español: Últimas noticias del idiota iberoamericano

Venezuela: Why the military won’t rise up

At Da Tech Guy Blog:
I’m a tax exile, and proud of it

And now for something completely different: A book on Cuban history

The week’s podcast:
Let’s chat with Alina Garcia-Lapuerta, author of “La Belle Creole”

Argentina: Top Gear fracas

Saturday, October 4th, 2014

Top Gear crew ‘chased by thousands and ordered out of country’

“There were hundreds of them. They were hurling rocks and bricks at our cars. They were trying to attack us with pickaxe handles.

over a license plate that reminded people of the Falklands.

H982 FKL.

I kid you not.

The Argentinians call the Falklands the Malvinas, but, all the same, look at this,

The locals had their two minutes of hate, and the lads needed police escort to get out of the country safely.

Argentina: Hoping it’s hit rock bottom

Thursday, October 2nd, 2014

Incurable optimists are betting that Argentina has hit rock bottom:

Argentina’s economy is projected to contract by 2.1% this year and its inflation rate is among the world’s highest. In July, Argentina defaulted for a second time in 13 years. A U.S. judge on Monday found Argentina in contempt of court for its handling of the debt.

Investors see a potential turning point in presidential elections scheduled for October 2015, from which Mrs. Kirchner is constitutionally barred.

Contenders for her post have vowed to work toward exiting default and to adopt policies aimed at righting the economy.

Money managers hope to get in front of a stampede into Argentina should a new government succeed in restoring the country’s credibility in global financial markets.

Well, yeah, if I won the Power Ball I may make it to the Forbes 400.

Snark aside, Argentina has been defaulting on its debt since 1826. The country’s stock market is small, another devaluation is looming, the peso has dropped to a record low against the dollar, the country’s foreign exchange laws and business environment are negative, public spending is out of control, Steve Hanke estimates a 68% annual inflation rate, and, while yields may be high, the central bank’s reserves are dwindling and the government does not have a strategy to solve its domestic economic problems.

Oh yes, it can get worse. When the airlines don’t sell tickets more than 90 days in advance for fear they won’t get paid, you know things are not about to get rosy.

The Merval’s up. Take that as a sell signal.



En español: Últimas noticias del idiota iberoamericano

Tuesday, September 30th, 2014

Argentina: Carlos Alberto Montaner & Alvaro Vargas Llosa: “Argentina ha instalado un sistema económico perverso” – Infobae

Carlos Alberto Montaner y Álvaro Vargas Llosa, autores del libro “Últimas noticias del nuevo idiota Iberoamericano”, analizaron en InfobaeTV el rumbo del Gobierno y advirtieron que “camina hacia una catástrofe“. Las trampas del populismo y la “responsabilidad” de la oposición.

En la Argentina se instaló un sistema populista, de gran concentración de poder político; de erosión sistemática de los contrapesos y del control del poder; un sistema económico muy perverso, que consiste básicamente en extorsionar al campo para subvencionar a la ciudad, a través de eso crear un voto cautivo para permitirle al sistema una continuidad”, sentenció el peruano.

Luego advirtió por las dificultades crecientes que enfrentará la economía por la desaceleración que sufrirá como consecuencia de los cambios en las condiciones internacionales. “Hoy tiene un gasto público descomunal y una tendencia a gastarse todas sus reservas, que está provocando una situación de mucha urgencia, muy dramática”. Incluso consideró que una devaluación como la de enero puede no ser suficiente para hacer frente a la brecha entre el dólar oficial y el libre: “A los pocos meses el mercado te demuestra que tus políticas están cayendo en las mismas consecuencias”.

Montaner no fue menos optimista. “Argentina está en un ciclo muy negativo, camina hacia la catástrofe“.

El cubano reconoció que, pese a ese agotamiento que denuncian, el Gobierno goza de un considerable apoyo. “Si la oposición no consigue juntarse, va a ser muy difícil el remplazo y el sostenimiento del remplazo”.

Y explicó que “en el grupo clientelista, los clientes van a mantenerse unidos porque tienen un interés particular, que no es el del Estado, pero la oposición tiene una responsabilidad de sacar al país de esta terrible situación”.

Entrevista:

Back to English, in other Argentina news:

Argentina in Contempt of Court in Bonds Case, U.S. Judge Rules
Nation Has Tried to Circumvent Rulings on Repaying Creditors Holding Defaulted Bonds, Court Says

The contempt decision comes after the country has made several attempts to get around Judge Griesa’s series of rulings that say the country can’t pay its restructured bondholders until it pays the approximate $1.6 billion it owes to its holdout creditors.

Argentina recently passed legislation to switch the jurisdiction of its bonds governed by U.S. law to Argentina, which Judge Griesa repeatedly has said is illegal and can’t be carried out. The country also is trying to remove Bank of New York Mellon Corp. BK -0.85% as the trustee bank that processes payments and replace it with a local Argentine bank, another move that triggered the contempt citation.

“[Argentina] has been and is now taking steps in an attempt to evade critical parts of” U.S. court order, Judge Griesa said on Monday at the federal courthouse in Manhattan. “There’s a very concrete proposal that would clearly violate the injunction.”

Judge Griesa has jurisdiction in this case because Argentina in the 1990s borrowed money from foreign investors under the agreement that any disputes would be litigated in U.S. courts. Argentina defaulted in 2001, and has for years battled hedge funds that refused to accept debt exchanges in 2005 and 2010.

The hedge funds that sued Argentina in the U.S. agreed to support a request by Citigroup (C), which sought to pay $5 million interest, tied to Argentine bonds, due to today.

The missing aliens Carnival of Latin America and the Caribbean

Monday, September 29th, 2014

LatinAmerSome 45,000 illegals released during the border crisis didn’t show up for their immigration hearings, provoking another Capt. Louis Renault moment.

ARGENTINA
While the government sends drones and goes into travel records, who does the UN Human rights Council complain about?
Argentina uses drones to root out wealthy tax evaders
Drones deployed by tax inspectors near Buenos Aires found 200 mansions and 100 swimming pools that hadn’t been declared

Argentine Government Defends Centralizing Air Passengers’ Data

Hedge funds condemned over Argentina
The United Nations Human Rights Council passes resolution backing Argentina in its debt battle against US hedge funds.

BOLIVIA
Indigenous Bolivians Demand Unwritten “Community Democracy”
Campesinos Draw on Native Customs to Elect Officials

BRAZIL
Fallen Mogul Eike Batista Faces Securities Charges in Brazil

CHILE
Chile Investigating Thursday’s Bombing
Chile officials said they were unsure who made a homemade bomb that exploded yesterday in central Santiago that killed a 29-year-old man but were vowing to track down those responsible.

COLOMBIA
Anibal Guarin Herrera, a.k.a. “Tomate,” Colombian Military Kills Important Rebel Commander

CUBA
Cuba’s Anti-Israel, Pro-Palestinian Activities

South Africa gives $ 31 million gift to Castro Kingdom

ECUADOR
More on Law of the Jungle:
La Ley de la Jungla
¿Cómo pudo un abogado americano graduado en Harvard lograr una sentencia judicial por más de 19 mil millones de dólares en contra de la segunda empresa petrolera más grande de EE UU?

The Global Lawyer: A Review of Paul Barrett’s ‘Law of the Jungle’

Behind the Chevron Case

EL SALVADOR
El Salvador’s total abortion ban lethal, says Amnesty

JAMAICA
Ebola in Jamaica?
Health ministry official dismisses Ebola claim in Jamaica

MEXICO
Laundering Mexico’s drug money
Washing up
Drug kingpins turn to trade-based money-laundering

On September 10th roughly 1,000 law-enforcement officials raided the Garment District of Los Angeles, seizing at least $65m in cash and arresting nine people. According to court documents, several garment businesses allegedly helped drug traffickers ferry proceeds from sales back into Mexico. The scheme is relatively simple. Black-market peso brokers contact Mexican importers who want to buy goods from a business in Los Angeles. The broker then finds a gang associate in the United States to pay the bill on behalf of the Mexican importer, using dollars from drug sales. The importer pays the broker in pesos; the broker takes a cut and passes along the remainder to the gang in Mexico.

Kidnapped Mexican Congressman Gabriel Gomez killed
The Mexican authorities say one of two burned bodies found in a car in the central state of Zacatecas is that of a federal Congressman abducted on Monday.

NICARAGUA
Hundreds protest against Nicaragua Canal

PANAMA
It Must Be The Inequality That Makes Panama The Happiest Country In The World

PARAGUAY
Pope sacks Paraguay bishop accused of protecting abuser priest
Pope Francis’s latest crackdown on clerical sex abuse comes days after Vatican ordered Polish archbishop to be put on trial for allegedly abusing young boys

PERU
Peru: Suspects Arrested in Killings of 4 Environmental Activists
Peru has arrested two loggers suspected of murdering four environmental activists to keep them from opposing timber extraction on native lands near the border with Brazil.

PUERTO RICO
Chikungunya Kills 3 in Puerto Rico

VENEZUELA
Venezuela announces ‘temporary occupation’ of US firm Clorox

Clorox Questions Safety After Venezuelan Takeover
Company Closed Facilities Due to Country’s Economic Crisis

The week’s posts and podcasts:
Venezuela: Nothing to dance about

Just what the world needs: Eau de Hugo!

Maduro goes to the South Bronx

FIFA follies

In case you missed them

En español: Miley Cyrus en la Unidad de Quemados

Mexico: La Tuta’s newest YouTube

Argentina: What do Pope Francis and George Soros have in common?

Venezuela: Don’t talk about the Chikungunya

Podcasts:
Rick Moran’s show, Cry Havoc! And let slip the dogs of war

This morning’s podcast with Silvio Canto, Jr., US-Latin America stories of the week

At Da Tech Guy Blog:
Pretty good news from Latin America: the Pacific Alliance

Up next: A mercenary army?


Argentina: What do Pope Francis and George Soros have in common?

Tuesday, September 23rd, 2014

Answer: Cristina is praying to both of them in her fight to avoid paying at all costs.

Since Argentina’s demotion to “unclassified market” status due to stringent capital controls kicked it off the FTSE’s frontier equity index, Cristina’s playing footsie elsewhere.

Enter Pope Francis, George Soros, and Ban Ki-moon.

Pope Francis meets Argentine President Cristina Fernandez de Kirchner, at the Vatican, Saturday, Sept. 20, 2014. (AP Photo/Tony Gentile)©AP

Pope Francis and Argentine president Cristina Fernandez met at the Vatican during the weekend

Argentina appeals to a higher authority in fight with creditors

In New York,

Cabinet chief Jorge Capitanich gave no details on what Fernandez and Soros would discuss. Local media reported Fernandez would be looking to shore up support for her unflinching stance against a small group of investors whose decade-long debt row with Argentina triggered July’s default.

Fernandez is in the United States ahead of the United Nations General Assembly, as relations between Buenos Aires and Washington sour over the role a U.S. court played in Argentina’s debt saga.

“Today’s international agenda begins with a meeting with U.N. Secretary General Ban Ki-moon and also George Soros,” Capitanich told reporters.
. . .
Soros’ Quantum Partners hedge fund is one of four creditors that sued BNY Mellon in London last month, accusing the trustee agent of protecting its own interest by obeying the court.

I’m not sure what the hey does the Pope have to do with any of this, but you can do great shopping in Rome on a weekend trip.

While Cristina travels in style, the Argentinian government does not have a strategy to solve its domestic economic problems.

The celebrity junket Carnival of Latin America and the Caribbean

Monday, September 22nd, 2014

LatinAmerI had another Capt. Louis Renault moment this week, provoked by Mia Farrow, of all people. The ex-Mrs Sinatra apparently received from PR firm MCSquared $180,000 for visiting Lago Agrio in Ecuador. Then Ecuador hired another PR firm, Ketchum (Putin’s American flack), to go after Paul M. Barrett for writing a book. Do read Barrett’s book Law of the Jungle, and Judge Kaplan’s 497-page decision, if you haven’t already.

ARGENTINA
Watch: man films attempted gunpoint robbery on GoPro
A tourist travelling to every country in the world captures the terrifying moment an alleged robber points a gun at him in Buenos Aires, Argentina

BOLIVIA
Bolivian President Evo Morales has a dream … to open a barbecue restaurant
Bolivian President Evo Morales is slated to win next year’s election to serve a third term until 2020 but he’s already thinking about life after retiring from politics.

I was hoping for a bakery,

BRAZIL
Brazil cardinal robbed of crucifix at gunpoint
Cardinal Dom Orani Tempesta, archbishop of Rio de Janeiro, held by three armed men as they steal his crucifix and ring

CHILE
Suspect in Chile Bombings Was on Parole

COLOMBIA
Colombia Tightens Borders to Keep Out Ebola

CUBA
It’s official: Raul Castro invited to Latrine Summit

ECUADOR
China and Ecuador Agree to Strengthen Military Ties

Where’s Preet? The unasked question in Chevron v. Donziger

IMMIGRATION
WATCH: Wait’ll You See What Obama’s DHS Boss Just Admitted About Terrorists At Our Border
DHS Secretary Johnson tried to argue that Republicans can be blamed…

JAMAICA
Jamaica on US drug list
Named among 22 major producing, transit countries by President Obama

MEXICO
Mexico Continues Airlift, Clean-Up After Hurricane Odile
State Authorities Report Three Deaths From Storm

NICARAGUA
She survived a plane crash. Now she’s revolutionizing health care in Nicaragua
After narrowly escaping plane’s wreckage, Vivian Pellas seeks to revolutionize medical care for other burn victims in the developing world.

PANAMA
Panama’s Supreme Court Confirms New Trial Against Noriega

PERU
Peru’s economy
Replacing the pilot
, as Alonso Segura replaced for his long-serving boss, Luis Miguel Castilla, on September 14th.

PUERTO RICO
Puerto Rico’s main barrier for Caribbean trade and exports is logistics

URUGUAY
Guardian puff piece on José Mujica: is this the world’s most radical president?
Uruguay’s José Mujica lives in a tiny house rather than the presidential palace, and gives away 90% of his salary. He’s legalised marijuana and gay marriage. But his greatest legacy is governing without giving up his revolutionary ideals

VENEZUELA
Venezuelan cartoonist ‘fired’ over healthcare satire
Rayma Suprani says she was axed after representing Chávez’s signature as a flatline heartbeat in protest over health system

Venezuela’s economy
Of oil and coconut water
Probably the world’s worst-managed economy

S&P Downgrade Of Venezuela’s Debt To Add To The Noise

Venezuela’s Criminal Gangs: Warriors of Cultural Revolution

Les fraudeurs

The ongoing Damage to the Venezuelan Economy

The week’s posts:
Venezuela: Beyond-the-grave nepotism

Venezuela: What hemorrhagic fever? UPDATED

Argentina: Cristina’s vultures

Venezuela: Celebrities’ ire

Ecuador: Celebrities for hire

En español: Guillermo Padrés en la Unidad de Quemados

Ecuador: If Correa ain’t happy . . .

Is ISIS at the border? UPDATED

Venezuela: What do El Puma & Ricardo Hausmann have in common?

Beethoven goes salsa

At Da Tech Guy Blog:
And now for something completely different

Why the game should stand tall, a review of When the Game Stands Tall