I don’t think this operation was “botched” or “deeply flawed.” I think it worked as planned, except for the part about being caught. Still, even if you aren’t troubled by the too-close nexus with the Administration’s preferred gun-control narrative, there’s this: “In order to reach the target of the operation, which was identifying the drug traffickers who were using the guns, [ATF agents] were waiting for the guns to be used. And how are guns used in Mexico? Killing people. I talked to an ATF agent who said there was no other way to explain it.”
Latin America Gears Up as Bike Hub. I’ve been to Buenos Aires, and I wouldn’t try it. Plus, if Buenos Aires is so intent on “improving quality of life”, they could start by repairing the sidewalks.
The shows highlight Argentine veterans’ difficult postwar adjustment process. A repressive military government mobilized the veterans, often conscripts from working-class backgrounds, for Argentina’s 1982 invasion of the islands in a last-ditch bid to rally popular support. Argentina’s leadership hadn’t expected the British to dispatch its own invasion force to retake the islands. Argentine troops were left underequipped and with only an improvised plan to confront the professional U.K. army.
The NYTimes magazine has a must-read report, Cocaine Incorporated (h/t AD), with a yowza,
In 2007, Mexican authorities raided the home of Zhenli Ye Gon, a Chinese-Mexican businessman who is believed to have supplied meth-precursor chemicals to the cartel, and discovered $206 million, the largest cash seizure in history. And that was the money Zhenli held onto — he was an inveterate gambler, who once blew so much cash in Las Vegas that one of the casinos presented him, in consolation, with a Rolls-Royce. “How much money do you have to lose in the casino for them to give you a Rolls-Royce?” Tony Placido, the D.E.A. intelligence official, asked. (The astonishing answer, in Zhenli’s case, is $72 million at a single casino in a single year.)
Repsol YPF SA (REP), the Spanish oil explorer seeking $10.5 billion from Argentina for seizing its assets, will line up behind companies from Exxon Mobil Corp. to Unisys Corp. yet to be repaid by the most-sued nation on earth.
There are 26 cases pending against Argentina, more than any other country, at the World Bank’s International Centre for Settlement of Investment Disputes in Washington, the principal arbitration court for claims against sovereign countries. So far, it has refused to pay any of the tribunal’s judgments, according to a Bank of America Merrill Lynch economists’ report.
ARGENTINA
