Archive for the ‘Argentina’ Category

The Tahmooressi release Carnival of Latin America and the Caribbean

Monday, November 3rd, 2014

The big news of the week: Mexico finally released Marine Sgt. Andrew Tahmooressi, after holding him in jail for seven months on gun charges – and how perfectly timed!

ARGENTINA
Argentina Borrows $814 Million in Currency Swap with China (h/t Carlos Eire)

Argentina’s Disturbing New Low
In avoiding its debts, the country gambles with contempt and faces the discipline of international markets.

BOLIVIA
Freddy Mamani: ‘New Andean’ architecture is turning Bolivia into an electric wonderland
A young pioneer has declared war on the dull and colorless. You might want to reach for sunglasses.

BRAZIL
Dilma Rousseff Prevails in Campaign Marred by Violence
Petrobras Corruption Allegations Reignite Hostile Relationship with Brazilian Media

Female Brazilian murderers marry – and refuse to be separated – in jail
Suzanne Von Richthofen was 18 when jailed in 2002 after arranging for her parents to be killed in their luxury home
They were both behind murders which shocked Brazil, but Suzanne Von Richthofen has turned down parole to stay in Sao Paulo state prison with Regina Sanchez after the pair fell in love and married behind bars

CHILE
Chilean Parents Rise to Protest Anti-Profit Education Reform
Bachelet’s New Majority Coalition Forging On with Major Campaign Promise

COLOMBIA
Colombian Farc in civilian admission
Colombia’s Farc rebel group acknowledges for the first time that its actions in Latin America’s longest internal conflict “affected civilians”.

Despite the intransigence of the FARC and the opposition, the peace process is still alive

CUBA
More Uneducated Attacks from The New York Times

Russell Brand’s Revolution For Morons
The movie star’s political manifesto is full of mistakes, misquotes, and is utterly misguided, unfunny, illogical, and unreadable. Watch the copies fly from the shelves.

Indeed, Brand proclaims himself “a big fan of [Fidel] Castro and [Che] Guevara” because “they were sexy, cool, tough” and the fetid autocracy they imposed on the Cuban people “was a remarkable success in many respects.” (Fidel is also described as being “double cool” for a four-hour, filibustering courtroom speech, while Che Guevara is described as a “dear, beautiful, morally unimpeachable” revolutionary.)

And what were those successes, in a country that routinely ranks as one of the least free countries on the planet? “Education for everyone, land sharing, emancipation of women, and equal rights for black Cubans.” This latter achievement would come as a welcome surprise to black Cubans, who are second-class citizens—equal only in the sense that, like all Cubans, they too have no rights. And yes, education is for everyone—provided they want to read wooden agitprop about how education in Cuba is for everyone.

Of which Fidel boasted, claiming “Cubans are the most cultured people in the world.”

DOMINICAN REPUBLIC
Oscar Taveras: Road safety in the Dominican Republic
Gone too soon

. . . thorny political, economic and cultural factors have conspired against Dominican motorists. The government’s nominal motorcycle-helmet and seat-belt laws apply only to drivers, not passengers, and enforcement of speed limits and drunk-driving rules is lax. The WHO report scored its efforts in those areas just a three and a two out of ten. Less than 10% of tickets issued for vehicular infractions ever get paid, and drive-through liquor stores and alcohol sales at petrol stations expose drivers to constant temptation. Unions representing bus and taxi drivers have opposed proposed bills that could expose them to new regulation.

ECUADOR
Ecuador’s National Assembly to Vote on Term Limits
Court Rules Lawmakers Will Determine if President Correa Can Be Re-Elected Indefinitely

IMMIGRATION
Obama’s Border Policy Fueled Epidemic, Evidence Shows

JAMAICA
The Asianisation to Jamaica

LATIN AMERICA
GAO: State Department Fails to Produce Reports on Iranian Adventurism in Latin America

MEXICO
Mass Graves, Murderous State-Cartel Alliance Revealed in Guerrero
Hundreds of Bodies Found Near Iguala, Mexico, But Not the 43 Students

Keeping Mexico’s Revolutionary Fires Alive

Crisis in Mexico: Could Forty-Three Missing Students Spark a Revolution? Revolution against whom?

PACIFIC ALLIANCE
Looking to “Doing Business” in Latam, try the Pacific Alliance, forget Mercosur
The World Bank’s “Doing Business” global rating is not very enthusiastic about Latin American and the Caribbean which only first surfaces in position 34 out of the 189 countries considered.

PANAMA
Panel discusses big changes coming at the Panama Canal

PARAGUAY
The Place Where Rutherford B. Hayes Is A Really Big Deal

PERU
Peru says most of $3 bln in bonds sold to manage existing debt

PUERTO RICO

Puerto Rico Government Looks to Raise Tax on OilLegislators filed a measure Thursday that could raise the excise tax on a barrel of crude oil from $9.25 to $15.50, to generate $178 million a year. It also would allow the Highway and Transportation Authority’s loan to be transferred to Puerto Rico’s Infrastructure Financing Authority, which is authorized to issue bonds

URUGUAY
Uruguay registers cannabis growers
The Uruguayan government announces the start of registration for licensed cannabis growers as part of its plan to legalise the drug.

VENEZUELA
Unhappy Halloween: Very Scary Stuff From the Castro Colony of Caracastan

Elías Jaua’s nanny detained in Brazil for gun possession has been released

The week’s posts and podcast:
Bad news for Chile

Mexico: Tahmooressi released, back in US

Mexico: 3 siblings, US citizens, dead

Venezuela: last on property rights

Dancing the hemisphere

Brazil: The election was tweeted

Venezuela to appeal ICSID Exxon decision

Brazil: Ibovespa volatility

At Da Tech Guy Blog
About those walking in NYC for ten hours videos

Whatever happened to the Carnival Magic with the ebola scare?

Podcast
Elections in Brazil PLUS other US-Latin America stories of the week



The return of the Carnival of Latin America and the Caribbean

Monday, October 27th, 2014

LatinAmerAfter skipping a week because of unpacking, the Carnival’s back, while the unpacking’s not finished.

Brazil and Uruguay held presidential elections yesterday. Voters went for the same old, same old.

ARGENTINA
Life terms for Argentina jail crimes
An Argentine ex-police chief and ex-interior minister are among 15 people given life sentences for involvement in a torture centre in the 1970s.

BRAZIL
Why is Dilma Hiding Business Deals With Cuba?

Boa sorte, Brasil

Brazil poll shows Neves leading election, at odds with major surveys

Dilma Rousseff’s dizzy spell live on TV after presidential debate
Dilma Rousseff, the president of Brazil, was briefly taken ill on Thursday at the end of a bruising political debate with presidential rival Aecio Neves

In Brazil’s Election, a Stark Vote on the Nation’s Economy

CHILE
Bomb That Killed Man in Chile Meant to Blow Up Prison Guard Building

COLOMBIA
Alexander Beltran Herrera, US judge sentences Farc commander
A US judge has sentenced an ex-Colombian rebel to 27 years in prison for his role in the kidnapping of three American citizens in 2003.

Marcos de Jesus Figueroa, alias “Maquitos Figueroa,” Colombian Drug Lord Captured in Brazil Wanted for 100 Murders

COSTA RICA
Solís a Trojan Horse for Socialism in Costa Rica
Relationships Bloom with Trade Unions, University Students, Chavistas

CUBA
Religious persecution disguised by Castro regime as a crackdown on “criminal” activities

Cuban Ladies In White, other activists arrested as they support political prisoner Sonia Garro

Must-Read: Are Cuba and Brazil Partners in Human Trafficking?

Cuban Docs Should be Banned from Ebola Fight, Restrict US-Cuba Flights

Quote of the day: “I have loved justice and hated iniquity; therefore I die in exile.”

ECUADOR
HRW Criticizes Correa for Applauding Police Abuse During Protests

HONDURAS
Just Say No to Presidential Reelection in Honduras
Too Many “Necessary” Men in Latin America

MEXICO

Mexico’s Burgeoning Wine Scene
Mexico may be best known for its beer and tequila, but that’s slowly changing as its wines are finding their way onto restaurant wine lists and specialist shops.

Amado Yáñez shows up at the burn-out unit (in Spanish):

PANAMA
If Panama’s Anti-Corruption Hunt Continues, Miami Should Watch Out

PARAGUAY
Report Oil Found in Paraguay; Gov’t Cautious

PERU
Health Care Workers in Peru Go on Strike

PUERTO RICO
Puerto Rico needs a financial control board

URUGUAY
POLL NUMBERS!!! Uruguay election this weekend

Uruguay Leader’s Party Fights to Retain Rule After Vote
President José ‘Pepe’ Mujica popularity isn’t enough to guarantee victory for the center-left Broad Front coalition that has ruled for a decade, according to polls and political analysts.

VENEZUELA
Dakazo 2 and Technocrats

How Bad Are Things In Venezuela? It’s Rationing Food – And Importing Oil

Venezuela seizes warehouses packed with medical goods, food

The 61% Devaluation That Venezuela Told No One About

The week’s posts and podcast:
Elections: No change in Brazil, Uruguay

Friday afternoon tap dancing priests

Argentina: Creeping to the edge

Venezuela: Mileposts on the highway to hell

Cuba: NYT goes Duranty on ebola

Venezuela: Happy Halloween! Hugo Chavez M&Ms

Immigration: Obama to allow in 100,000 Haitians with no visas

At Da Tech Guy’s blog:
What may be the most consequential election of the decade

Mexico: The death of #Felina

The curious incident of the Carnival Magic in Belize UPDATED

The Synod and the Pope-A-Dope

In Silvio Canto’s podcast:
The elections in Brazil with Monica Showalter of Investor’s Business Daily.

Posts from the prior week:
In transit, again

Venezuela and the falling oil price UPDATED

Venezuela wins U.N. Council seat

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

Mexico: #Ayotzinapa backlash in Mexico Bronco

Could Mexico become the next Russia?



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?