Archive for the ‘Guatemala’ Category

Argentina: Cristina can’t pay up . . .

Saturday, June 21st, 2014

So she keeps looking for a settlement:
As posted earlier, the SCOTUS not only ruled that Argentina can’t make payments on its restructured debt unless it also pays the holdouts, but also that the creditors can get access to a wide number of bank records to locate financial assets overseas that they might be able to seize as compensation.

Cristina Fernandez gave a speech about “vulture funds”, and came up with this (emphasis added),
Argentina Wants to Settle With Holdout Creditors
Argentine President Cristina Kirchner said her government wants to reach a settlement with a small group of creditors suing to collect on defaulted debt, but only if U.S. courts create the right conditions for talks.

Let me translate this into plain English: Cristina’s saying that she’ll not abide by the terms of the contract upheld by the SCOTUS, but instead that she’ll agree to pay less when U.S. courts abide by Argentinian law, which is exactly what she’s been saying all along.

In her annual Flag Day speech, Mrs. Kirchner said Argentina would enter talks with the help of U.S. courts. “We only ask they create negotiating conditions that are just and in accordance with the Argentine constitution, laws and contracts we signed with 92.4% of our creditors,” Mrs. Kirchner said, referring to investors who accepted the restructured bonds.

There are fools out there who saw this as being conciliatory, and

The country’s restructured bonds jumped during Mrs. Kirchner’s speech on Friday, nearly wiping out their losses for the week.

These same fools probably bought some Ecuadorian bonds, too.

high apple pie
In the sky hopes

Inimical to Cristina’s thinking, the fact is that

Humiliating as that may be to the Argentinas of the world, no one would lend them money without contractually guaranteed recourse to a venue where the rule of law is well established.

Axel Kicillof, the economy minister,

dismissed the options of full payment or outright default as unthinkable. He said that the government would attempt to reroute its exchanged bonds from New York to Argentina, away from the reach of the United States’ courts. That would allow Argentina to continue paying the creditors it struck deals with in 2005 and 2010, without paying the holdouts.

“Transferring the bonds to local law would be very difficult at the street level,” warns Henry Weisburg at Shearman & Sterling, a law firm. First Argentina must convince a majority of holders of the exchanged bonds to agree to the swap. This task may be insurmountable given that many of the current creditors are bound by rules restricting them from holding assets under foreign jurisdiction.

Carrion trade
Even if Argentina were to succeed in persuading holders of the exchanged bonds to take the plunge, any intermediary that helped facilitate the rerouting risks being held in contempt of the New York courts. Argentina would thus need to find an intermediary that is not, and has no desire to be, subject to New York law. Lastly, Argentina would need to convince Bank of New York Mellon, its current trustee, to release information about the bondholders to its new intermediary. That could put the bank into contempt; it has already said it “will comply with any court order by which it is deemed bound.”

The Hedge Funds Aren’t Crying for Argentina, but they’d be wise to hold off the celebration until they actually get paid:

The offer to negotiate comes less than two weeks before Argentina has to make the next interest payment on its restructured bonds, which U.S. courts have said the country isn’t allowed to pay unless it also pays the holdout creditors. If Argentina misses the interest payment on June 30, the country sinks into technical default and will have another 30-day grace period to avoid an outright default.

In other LatAm debt stories, Guatemalan bonds are looking bad, too.

Sing it, guys,


Central American media actively promoting illegal immigration into US

Thursday, June 19th, 2014

More on the really, really big field trip:
The media in Guatemala, Honduras and El Salvador

have also highlighted the Obama administration’s announcement last week of additional “free legal services” for undocumented minors who illegally cross the U.S. border.

Guatemala’s La Prensa Libre (Free Press)

In its June 17 edition, the newspaper also highlights Democrat-sponsored legislation in New York State that would grant voting rights, health care and university scholarships to the state’s millions of illegal immigrants. The New York is Home Act, sponsored by state senator Gustavo Rivera (D-Bronx) and state assemblyman Karim Camara (D-Brooklyn) would provide the benefits of citizenship to all undocumented immigrants who can demonstrate three or more years of residence in the state of New York.

Not to lag behind,

Guatemalan President Otto Pérez-Molina’s plans to ask the Obama Administration to extend temporary protected status to all illegal immigrants from Guatemala who arrived in the U.S. prior to 2011.

Honduran President Juan Orlando Hernández, on a visit to the U.S. Chamber of Commerce last week blamed the U.S.’s lack of immigration reform and weak drug laws, ignoring the systemic problems that condemn thousands to lives of poverty in Honduras. Yesterday he said

the country welcomes the return of its children detained while trying to enter the United States and has created an interagency committee to tackle the humanitarian crisis.

CNN reports that

U.S. authorities estimate that between 60,000 and 80,000 children without parents will cross the border this year.

The logistics of moving 60,000+ children across several countries and through the U.S. border and cities such as New York and Miami takes planning, coordination, and funding.

Who’s behind this?


The upcoming World Cup Carnival of Latin America and the Caribbean

Monday, June 9th, 2014

LatinAmerThe spotlight’s on Brazil this week, as the World Cup inaugural game is scheduled for Thursday, June 12 in Sao Paolo. Let’s hope the games don’t turn into a disaster.

ARGENTINA
Study: Poverty Tops 30% in Suburbs of Buenos Aires

In Argentina, Wine, Art and Altitude

BAHAMAS
BAHAMAS HIRES LAW FIRM FOR ‘SURVEILLANCE AND PRIVACY MATTERS’ AFTER NSA REVELATIONS

BOLIVIA
Chic Stops in the Suburbs of La Paz, Bolivia

BRAZIL
São Paulo unions threaten general strike for World Cup amid subway protests
Days of subway strikes raise fears of transport chaos during tournament in Brazil; union leaders say other sectors could join industrial action

Brazil finds bumpy path on way to becoming world oil power

CHILE
More Than 8,000 Affected in Chile by Storm

COLOMBIA
Colombia’s Peace Talks Backfire on Santos
FARC bombings of pipelines and electricity towers increase while negotiations drag on.

The Economist endorses Santos: Colombia’s presidential election
A vote for peace
To stop the killing, Colombians should re-elect Juan Manuel Santos
, while Colombia Politics points out that We’re voting for a president not for peace. Meanwhile, pressure from candidate Zuluaga is already achieving a cease-fire from the FARC.

Colombia to set up truth commissionIvan Marquez, Farc commander, Havana, 27 May 14
Colombia’s government and Farc rebels agree to set up a truth commission to investigate thousands of deaths in five decades of conflict.

CUBA
Gag-inducing Travel Tips from Sarah Hall

Where Are the “Self-Employed” and “Reform” Defenders?

DOMINICAN REPUBLIC
Dominican Republic delivers on immigration promise

ECUADOR
In the cradle of Ecuadorean soccer, the beach is the fiercest field
Esmeraldas, Ecuador, is home to only 3 percent of the national population but it makes up almost half of the country’s World Cup team. Is the beach the secret?

GUATEMALA
Guatemala ex-police chief jailed for life by Swiss court

HAITI
Haiti police fire tear gas at anti-government protest

HONDURAS
More effects of America’s weak foreign policy: U.S. Crew Is Arrested on Honduras River Job
A salvage company has a contract to dredge the Patuca River and raise valuable mahogany and cedar logs, but weapons on the company ship mean time in jail.

Honduran Police Arrest 11 Undocumented Cubans

IMMIGRATION
REPORT: Illegals Bring Contagious Diseases Across Border – Obama Spreads Them Around Country

JAMAICA
Gun-toting gays drive fear in citizens of garrison communities

MEXICO
In Tampico, Mexico, where the drug war rages, ‘the walls have ears’

LA Times Columnist Is Happy US Marine Is in Mexican Prison

Mexico defends decision to prosecute US marine

Pope Francis accepts invitation to visit Mexico

PANAMA
Panama’s Canal Divides A Country Into Haves And Have-Nots

PERU
Peru’s Mining Communities Left In The Dust With Broken Promises Of Schools, Jobs

PUERTO RICO
You heard about it from Fausta’s blog, but now BLUE MODEL GOES BELLY-UP
Media Catches Up on Puerto Ric
o

Work Stoppages at Public Firms in Puerto Rico Against Cuts

URUGUAY
Puff-piece on Mujica at al-Jazeera:
Uruguay’s Mujica: New global role model?
Uruguay’s ‘humble’ president defies imperial and corporate hegemony with a series of unorthodox policies.

Mujica certainly knows how to make a fashion statement:

VENEZUELA
21st Century Socialism:
Poverty Shoots Up in Venezuela; as I mentioned last week, in the last year of Hugo Chavez’s life, extreme poverty increased by a whopping 38% over the prior year.

THE FRACAS IN CARACAS
Venezuela Runs out of Drinking Water

The week’s posts and podcast:
Argentina: Secretary of national thought

#DDay70 Interpretive dance?

Ecuador: Something’s rotten in the gold swap

Venezuela-Cuba Facilitate Infiltration of Iranian Agents

Venezuela: Leopoldo Lopez to remain jailed while on trial UPDATED

En español: El Rey Juan Carlos en la Unidad de Quemados

Carlos Eire’s Capt. Louis Renault moment

Democrat Chavista for Congress!

Ecuador: Selling gold

At Da Tech Guy Blog:
Immigration’s lost children

Brazil: World Cup disaster ahead

Podcast:
Venezuela, Brazil, Mexico & US-Latin America stories of the week


The Memorial Day Carnival of Latin America and the Caribbean

Monday, May 26th, 2014

LatinAmerWith deep gratitude to all who have served our beautiful country in the armed forces, this week’s Carnival.

ARGENTINA
Spanish oil company Repsol ends operations in Argentina
Spanish oil company Repsol has ended its operations in Argentina, two years after the government seized its assets.

Last month the Argentine congress gave final approval to pay $5bn (£3bn) in compensation for Repsol’s stake in Argentine oil firm YPF.

The Spanish company has now announced that it has sold the last batch of bonds it received to cover its losses.

Argentina’s Jewish community talks fondly of friend Francis in the Vatican
Rabbi Abraham Skorka only one of large number of Argentinian Jews with whom pope has developed strong, personal ties

A Desperate Mother’s Search Leads to a Fight Against Sex Trafficking
Desperate for answers about her daughter’s disappearance in 2002, Susana Trimarco started the Fundación María de los Ángeles, an organization that rescues and rehabilitates sex slaves in Argentina.

BAHAMAS
Ah, Bahamas: Sun, Sand and the NSA Recording Your Cell Phone Calls

BOLIVIA
Bolivia Hires Spain’s Isotron to Build Solar Power Plant

BRAZIL
Brazil Deploys Vast World Cup Security Plan
Brazil is spending $855 million on security and safety during the 2014 FIFA Soccer World Cup, which the country will host from June 12 to July 13, the government said on Friday.

Freak hail storm strikes World Cup 2014 host city Sao Paulo
A hail storm covers streets in ice in the Brazilian city of Sao Paulo which will host the opening match of the football World Cup in less than a month

CHILE
Revolutionary ‘tears-up’ £300m student debt to protest fees
A Chilean artist has destroyed £300m of student debt ‘IOUs’ to protest tuition charges

COLOMBIA
Colombia’s President Santos to face Zuluaga in run-off vote
Official results from Colombia’s presidential election say the incumbent President Juan Manuel Santos will face his main rival, Oscar Zuluaga, in a run-off next month.

Oscar Iván Zuluaga, a conservative candidate closely allied with former President Álvaro Uribe, won the most votes in the first round of Sunday’s presidential election.

CUBA
Yoani Sanchez’s Independent Online Publication Unblocked in Cuba

From Inside Cuba’s Burning Fire

Miami, Safe Haven for Cuban Torturers? Federal Case of Ethiopian Abuser Reminder, You Cannot Hide from US Justice

Andres Oppenheimer: In Cuba, technology may beat censorship

A Cagy KGB Rabbi

ECUADOR
Ecuador to Begin Oil Drilling in Amazonia

Presidente for life: Ecuador’s Correa Seeks to Allow Indefinite Re-Election of All Officials
Ecuador’s President Asks for Constitutional Amendment

EL SALVADOR
6 Gunned Down on Bus in El Salvador

GUATEMALA
U.S. Sentences Guatemala Ex-President to 5 Years for Money Laundering

HONDURAS
In Violent Honduras, Soccer Is Offering Young Children An Escape From Gangs, Drugs

JAMAICA
Lobbyists call for Jamaica to decriminalize pot

MEXICO
Marine hero stuck in Mexican prison on gun charges

Mexican Zapatista head Marcos steps down
The leader of the Zapatista rebels in southern Mexico, Subcomandante Marcos, announces he is leaving the 20-year-old guerrilla group.

Mexican federal forces rescue 68 CentAm migrants being held captive

How Mexico’s New President Is Turning His Country Into a Servile US Client
Enrique Peña Nieto is using violence and repression to dismantle his country’s progressive legacy.
So, is servility why Mexico’s holding Andrew Tahmooressi?

PERU
U.S. Opens Talks with Peru on Waiving Visas

Attorney: Joran van der Sloot to marry in Peruvian prison, become father

PUERTO RICO
Borinqueneers to get Congressional Gold Medal

URUGUAY
Marijuana to Be Sold for Less Than $1 a Gram in Uruguay
Authorities said the price was deliberately set below what marijuana sells for illegally, and the quality control of the drug available at pharmacies would be “very high”

VENEZUELA
CNN team denied right to cover Venezuela local elections

Surprise! Latrine America backs Maduro in Venenozuela

Mythbusting the reduction of poverty

Unfortunately, A Bleak Future For Venezuelans.

Crackdown presents challenge to Citizens Energy, Joe Kennedy II

The week’s posts and podcast:
Puerto Rico: rising volume of drugs coming from Venezuela

Colombia: Who will be the next president?

En español: Unidad de quemados

Mexico: Kevin’s selfie

Bob Menendez on the Venezuelan nightmare

LatAm in top-10 happiest

UN: Cuba to chair World Health Assembly

Venezuela: Chavistas rolling in dough

At Da Tech Guy Blog:
Cuba and moral blindness

Podcast:
US-Latin America stories of the week


The Chevron settlement Carnival of Latin America and the Caribbean

Monday, May 12th, 2014

LatinAmerLast week Chevron received from Patton Boggs, the former #1 lobbying law firm in the country, an apology, a $15million payment, and most remarkably,

Perhaps more unusual is the law firm’s agreement to deliver partners James Tyrrell and Eric Westenberger to Gibson Dunn’s New York offices for depositions overseen by a court-appointed special master. The firm has also agreed to turn over documents, provided its former clients don’t prevail on challenges under the attorney-client privilege.

This apology is phenomenally interesting.

ARGENTINA
Litigious investors ask US Supreme Court to deny Argentina a ‘do-over’ on $1.4B debt ruling

BOLIVIA
Bolivian mayor caught on video groping journalist, and he was persistent, too,

BRAZIL
Is Brazil Losing Global Momentum?

1,500 Attack Brazilian Construction Giant’s HQ

Brazil’s frantic eleventh hour World Cup preparations

CHILE
Chile president to visit Obama on June 30

Bachelet won but Chile police clash with activists as thousands protest for free education

COLOMBIA
Colombia: Hacker Tried to Sabotage Peace Talks

CUBA
Cuba: The Splendid Little War – A Boardgaming Way Review

AIG Fined for Cuba Sanctions Violations

DOMINICAN REPUBLIC
Haiti, Dominican Republic Postpone Meeting

ECUADOR
In Self-Promotion Abroad, Ecuador’s Correa Omits His Repression of Critics at Home

GUATEMALA
A Coffee Crop Withers
Fungus Cripples Coffee Production Across Central America

MEXICO
Mexico to Try Former State Governor for Embezzlement

NICARAGUA
BORDER DISPUTE
Costa Rica’s foreign minister accuses Russia of helping militarize Nicaragua

Russia “announced the desire to have bases in Cuba, Venezuela and Nicaragua, with the euphemistic name of ‘bases for refueling and resupplying’ for its ships. But we know it’s not just about that,” Castillo said.

PANAMA
Panama’s Construction Union Ends Strike

PERU
A 5,000 feet free fall: Peru air force officer survives fall after parachute malfunction

PUERTO RICO
Puerto Rico Unveils Economic Recovery Plan Details

URUGUAY
Monsanto plans to patent genetically modified marijuana in Uruguay

VENEZUELA

 

Policeman killed in Venezuela after security forces break up protester camp
Violent clashes between police and protesters after troops arrest 243 students in pre-dawn raids on tented camps in Caracas leaves one officer dead

Venezuelans Ask What Now After Protest Camp Raids

Machurucuto, 1967 – Venezuela’s Bay of Pigs: Fidel Castro’s first ploy to lay his hand on Venezuela’s oil riches

Can the United States Play a Role in Venezuela?

Is Venezuela seeking the status of pariah state?

BREAKING NEWS: Ros-Lehtinen Venezuela sanctions bill passes House Foreign Affairs Committee, clears first hurdle to holding Maduro accountable

Capital flight in Venezuela could well exceed $405.8 billion

One for the “no sh*t, Sherlock” file: The ‘Dialogue’ in Venezuela Is a Fraud
More than 500 citizens have been arrested since negotiations began.

The week’s posts and podcast:
Panama: And now, price controls

The Boring Veins of Latin America

En español: Terapia Intensiva 206

Chile: Down with entrepreneurs

Ecuador: Patton Boggs to pay Chevron $15 million

Colombia: Another campaign aide quits

Venezuela: Armed civilians fight protesters

Colombia: Santos campaign chief resigns

At Da Tech Guy Blog:
What the #hashtag?

Milton Friedman and the Sahara, Caracas and water

Podcast:
US-Latin America stories of the week


The cinco de mayo Carnival of Latin America and the Caribbean

Monday, May 5th, 2014

Today is May 5th, in Spanish cinco de mayo, and whether you celebrate or not, ignore the insecure who don’t want you to avail yourself of business opportunities.

juan_soloStay thirsty, my friends.

(Juan Solo via Doug Mataconis‘s FaceBook feed)

ARGENTINA
ARGENTINA Y LA NARCO-CORRUPCION

Slums in Buenos Aires
The unplugged
Efforts to integrate shantytowns are hampered by a lack of trust and money

BRAZIL
Welfare and tax boost for Brazil poor
Brazil’s President Dilma Rousseff announces an increase in social security payments and tax cuts ahead of her re-election campaign in October.

Poll Shows Brazil President Could Face Runoff
The latest poll of Brazilian voters is showing for the first time that President Dilma Rousseff may face a runoff in October’s presidential election
due to a lackluster economy.

Inflation is running around 6%, while economic growth isn’t expected to surpass 2% this year.

CHILE
Chile’s electoral system
Ending the permanent draw

COLOMBIA
A Dutch Guerillera: The Foreign Face of FARC’s Civil War
Tanja Nijmeijer of Holland spent more than 10 years fighting with the rebel group FARC in the jungles of Colombia. More recently, she has been part of the guerillas’ peace negotiating team in Cuba. What drives her?

A Building Boom in Bogotá
With a growing economy, a declining crime rate and an influx of developers, Colombia’s capital is seeing a rise in luxury housing; Richard Meier’s vision in glass and steel

Rescuers search for Colombia miners
Rescuers are using large mechanical diggers to try to reach people trapped underground after an illegal gold mine collapsed in Colombia.

CUBA
Pastor/ex-political prisoner Omar Gude and wife testify on lack of religious liberty in Cuba

Castro’s Russian Power Play Over the European Union

Castronoid lobby launches propaganda campaign on Twitter, on the Web, and in Washington D.C

ECUADOR
Ecuadorian president demands that indigenous group give up defamers
Rafael Correa accuses Kichwa leaders of acting above the law in holding three opposition activists convicted of defaming him

EL SALVADOR
El Salvador: Ex-President Faces Charges
Former President Francisco Flores will face embezzlement and other corruption charges related to what prosecutors said Wednesday was the misappropriation of at least $5.3 million in loans from Taiwan during his tenure, from 1999 to 2004.

GUATEMALA
Attorney General in Guatemala Excluded From Re-election Bid
Claudia Paz y Paz, who has taken on a former dictator and top drug traffickers, was left off of a shortlist of candidates to be considered for re-election.

HONDURAS
Honduras Detains 9 Undocumented Cuban Migrants en Route to U.S.

Honduras children ‘killed by gangs’
Authorities in Honduras are investigating the deaths of at least seven children who may have been murdered after refusing to join criminal gangs.

JAMAICA
Jamaica scraps bank withdrawal tax, but Paco Santos may have had a business opportunity:

MEXICO
MEXICO CONSIDERS INCREASE IN MARRIAGE AGE TO 18

Mexico seizes ship carrying 68,000 tonnes of illegal iron
Mexican authorities say they have seized a ship belonging to a drugs cartel which was carrying 68,000 tonnes of illegal iron ore.

NICARAGUA
Costa Rica warns Russia is arming Nicaragua

Last month, Nicaraguan President Daniel Ortega said his country was “committed to further strengthening and modernising the army” with the help of any country willing to provide aid.

He did not give details of an agreement between Nicaragua and Russia.

But Russia’s ambassador in Managua had confirmed in March that Moscow is interested in building a military resupply base in Nicaragua.

Russian defense chief Sergei Shoigu has said that Russia is weighing increasing its military presence in countries including Nicaragua, Cuba and Venezuela – particularly bases to refuel Russian warplanes far from home.

PANAMA
Juan Carlos Varela Declared Victor in Panamanian Presidential Vote
Current Vice President Has 39% of the Vote With 60% of Votes Counted
, with 76% turnout:

Panama’s economy has grown by an average of more than 8% in recent years and is expected to expand by 7% this year, by far the best performance in the Americas. Since 2002, poverty has been slashed from more than 40% to a quarter of the population.

“One good thing is that that there are no big ideological differences,” Nicolás Ardito-Barletta, a former World Bank economist who served less than a year as president in the mid-1980s, said before the vote. “Nobody’s going to kill the goose.”

In Panama Vote, a Noncandidate Matters
Presidential elections in Panama on Sunday feature a crowded field of seven candidates, but are widely seen here as a referendum on one man who won’t appear on the ballot: conservative President Ricardo Martinelli.

PERU
Visit Choquequirao, Peru
Explore Peru’s famous Incan ruins in the lesser-known but still breathtaking city of Choquequirao

PUERTO RICO
Puerto Rico leads world in Walgreens, Walmart stores per sq. mile

Drug Trade Takes a Toll on Puerto Rico, Police Chief Says

URUGUAY
Uruguay unveils legal marijuana plan
Uruguay’s authorities reveal how marijuana will be produced and sold legally in the country at less than $1 a gramme.

VENEZUELA
Venezuelan government arrests 58 foreigners ‘for inciting protests’
Interior Minister denounces alleged plot to promote unrest and overthrow Venezuela’s government as it is revealed dozens of foreign nationals are among the detained

Venezuelan Jewish Leader Says Anti-Semitism Has ‘Exploded’ in Recent Years in Latin America

Tales Of Bolivarian Inefficiency III: Chávez’ Frozen Cuban Dream

Chávez initially promised that Coppelia ice cream would be made with Venezuelan products and supplies. Milk products from Lacteos Los Andes (now practically bankrupt), sugar from CVA Azucar (now shut down, see first post) and orange, guava, mango, peach and coconut.

Well, 18 months later and now Chávez is dead, Coppelia produces ice cream, mostly creamy flavors, in irregular and limited fashion. Raw materials and supplies are all imported. Forget about all those fruit flavors, but its manager says raw materials come from Lacteos Los Andes, which is practically shut down. [See also Chavez’s Farming Utopia Withers as Pet Projects Abandoned]

The Money-Losing Machine in Caracas
Forget Chávez and his Bolivarian Revolution — it’s oil that wrecked the Venezuelan state.

Which brings us, finally, to the million-dollar question: In post-Chávez Venezuela, who has the political capital to institute the deep and painful reforms the country requires to break out of this wicked cycle? If Chávez himself — who was the closest to God you can get in Venezuelan politics — didn’t dare to touch the gasoline subsidy or move against the Armed Forces’ involvement in organized crime, who would dare? In the answer to that question, more than in the epic battles painted by the likes of María Corina Machado, lies the key to Venezuela’s long term future.

May 1 follies

Cedice: Fighting Socialism In Venezuela: The Work Of A Heroic Think Tank

The official corruption
The General Comptroller’s Office just published its latest report, and between lines, front firms which got away with dollars came to the spotlight again. The following list presents the irregularities admitted by the Venezuelan Government

The week’s posts and podcast:
Nestor fever #PoneleNestorATodo: Tympanoctomys Kirchnerorum UPDATED

Chile: Bienvenido, Putin

Mexico: Impunity for attacks on the press

@MarkSteynOnLine on the Benghazi lies

Highjacker returns from Cuba, objects to terms of conviction

Venezuela: Leopoldo Lopez’s jail birthday

6 good writers from Latin America + 1

Iran in Latin America: Must-read report

Argentina: Trade surplus plummets

At Da Tech Guy Blog:
‘Dude, this was like two years ago’, and don’t miss the chart.

Brazil: Welcome to Usama’s!

Podcast:
“Foreign investment reforms” in Cuba PLUS US-Latin America this week


The disgraced OAS Carnival of Latin America and the Caribbean

Monday, March 24th, 2014

LatinAmerThe big news of the week: the OAS voted on Friday to shut out the media and the public from Maria Corina Machado’s testimony, thereby disgracing itself.

ARGENTINA
ARGENTINA Y EL NARCOESTADO (PARTE II)

Al menos seis carteles operan en Argentina.Colombianos en Rosario,mexicanos en el Norte de Buenos Aires,narcotransportistas bolivianos en la ruta 34,”la ruta blanca”,sumadas a otras organizaciones criminales transnacionales que incluyen a chinos y serbios.

Pope meets Argentine Falklands veterans and calls for South Atlantic peace
Former archbishop of Buenos Aires has previously backed Argentina’s claim on the islands

How convenient: Cristina Fernández de Kirchner turns Pope Francis from foe to friend
Argentinian president praises cardinal’s commitment and vision, despite previously treating him as a political arch-enemy

BOLIVIA
Más de dos millones de libras de coca ilegal incautada colapsan los depósitos – Erbol

BRAZIL
Brazil’s ‘Constitution Of The Internet’ Puts Net Neutrality In The Spotlight

Brazil troops to quell Rio violenceHeavily-armed police patrol a shanty town in Rio de Janeiro, on March 13, 2014
Brazil’s government says it will send federal troops to Rio de Janeiro to quell recent attacks targeting police ahead of the World Cup in June
.

On Thursday, three police bases in the city were attacked by suspected gangs.

Four police officers have been killed since February in similar attacks.

CHILE
6.2 magnitude earthquake hits northern Chile, no damage reported

Chile asks extradition of alleged ex-guerrilla Marie Emmanuelle Verhoeven,

The 54-year-year-old has been wanted since 1996 on an international arrest warrant for the 1991 slaying of Jaime Guzman, leader of the conservative Chilean party Independent Democratic Union.

Andres Oppenheimer: Bachelet’s Chile: moving closer to Venezuela?

Chile: huge protest to urge new president to adopt reforms, via Bad Blue.

COLOMBIA
“Colombia’s democracy is mortally wounded”; Petro

CUBA
CUBA GIVES DOCTORS BIG PAY RAISE–TO $64 A MONTH

Obama Shouldn’t Forget Our Man in Havana

Uruguay’s Mujica Found Fidel Castro “Deteriorated” But Engaged

ECUADOR
Chevron seeks $32 million in legal fees in Ecuador case

GUATEMALA
Alfonso Portillo, Ex-President Admits Taking Taiwan Bribes

HAITI
Documentary: Post-quake Haiti rebuilding, a ‘Fatal Assistance

JAMAICA
Jamaica’s gang culture
Bad Vybz

LATIN AMERICA
Global Economy and Development – Brookings: A HIGH-CARBON PARTNERSHIP?
CHINESE-LATIN AMERICAN RELATIONS IN A CARBON-CONSTRAINED WORLD

MEXICO
US Sentences Mexican to 40 Years for Murder of Border Patrol Agent
Fourth Defendant Sentenced in Murder of U.S. Border Patrol Agent Robert Rosas

PANAMA
Behind the Chong Chon Gang Affair: North Korea’s Shadowy Arms Trade

PERU
Police, striking miners clash in Peru, 11 injured

PUERTO RICO
Finra Examining Trading in Puerto Rico Bonds
The Financial Industry Regulatory Authority is examining trading in Puerto Rico bonds, just a week after the island territory’s $3.5 billion bond sale.

VENEZUELA
Drone Camera Corrects CNN Español Report on Caracas Demonstrations

VenEconomy: Silence Means Consent

Airlines Move to Cut Off Service to Venezuela

Earlier this month, the International Air Transport Association (IATA) warned that international airlines would likely stop serving Venezuela unless the country took steps to resolve the issue. Carriers don’t want to acquire more bolivars, which aren’t exchangeable outside the country.

Venezuela says street protests have caused $10 billion in damage

Venezuela’s protests
Inside the barrios
Support among the poor for the government of Nicolás Maduro is conditional

Can the Chavistas Save Venezuela from Cuba?

Chavistas want to save their movement from incompetent leadership and foreign interference and to protect their social base. Student protesters want to roll back the authoritarian intrusions and economic mismanagement that threaten their future. These fundamental goals are far from mutually exclusive for Venezuelans of good will looking to rescue their country.

Venezuela Battles Media, Social and Otherwise, to Restrict Protest Coverage

Venezuela Goes Mad

The week’s posts and podcast:
#SOSVenezuela: Who’s doing the killing? UPDATED

#SOSVenezuela: Yesterday’s #22M march

#SOSVenezuela, Maria Corina, and the OAS

LIVE: OAS hearing on Maria Corina Machado blacked out?

Insourcing from . . . Mexico?

Venezuela-Cuba Military Cooperation and the Narco-Terrorist Connection

En español: Terapia intensiva #200 ¡Felicidades a @DrNetas por las doscientas terapias!

Colombia: Santos wets himself UPDATED

Brazil’s high operating costs

At Da Tech Guy Blog:
Latin America: Putin gets his license

Venezuela: The Left vs. reality

Podcast:
Venezuela & US-Latin America stories of the week


The first Monday in March Carnival of Latin America and the Caribbean

Monday, March 3rd, 2014

LatinAmerVenezuela’s demonstrations continue to be the week’s top story, in spite of the media blackout. Take some time to look at photos and read about The Venezuela Paradox,

After three weeks of repression, fifteen dead, at least 60 reported tortured and more than eight hundred detained, including opposition leaders and reporters, the Venezuelan students have at least shown the world what little respect the Maduro administration has for the human and civil rights of the people.

Keep in mind that

The protests come from people who realize that their future has been robbed by a narco-kleptocracy. Almost anyone in Venezuela that has aspirations to a better future through education, hard work, you name it, questions more or less actively the regime.

More below:

ARGENTINA
Heisenberg: Chapo Guzmán, la conexión argentina

What could possibly go wrong? Argentina Plans Price-Control Measures
President Cristina Kirchner has pledged tougher measures against businesses that raise prices, as her administration tries to stabilize an economy suffering from double-digit inflation and hard currency shortages.

Devaluation Hurts Argentina’s Regional Standing
Colombia Has Likely Overtaken Argentina as Latin America’s Third-Largest Economy

Two Years After Expropriation, Argentina and Repsol Sign Accord on YPF
The agreement establishes compensation for the Spanish oil firm of $5 billion in dollar-denominated government bonds, a debt that will be settled by 2033, at the latest, if the bonds are held to maturity

Upcoming meme alert: Expect MSNBC to start referring to the Venezuelan demonstrations (if they ever notice them) as “attempts at a soft coup”, Presidenta argentina habla de ‘golpe suave’ en Venezuela

BOLIVIA
Bolivia’s 2013 revenue from gas sales to neighbors totals $6 bn

BRAZIL
Pity Brazil’s Military Police

The military police are not part of the armed forces, and yet they operate according to military principles of rank and discipline. They cannot strike or unionize, and are subject to a military-style penal code (meaning transgressions at work can be treated as mutiny or treason, and officers are tried in a special court). They are prohibited from “revealing facts or documents that can discredit the police or disrupt hierarchy or discipline.”

They also can’t openly disapprove of the acts of civilian authorities from the executive, legislative or judicial branches of government, and are forbidden to express their personal political opinions.

Brazil Sings a New Tune
As millions leave poverty behind, Brazilian funk is moving from the slums to the mainstream

CHILE
South American Anarchists Teach Anti-Capitalist Tactics to American Students

Scientists solve mystery of Chile’s ‘whale graveyard’

“This is a site on par with Dinosaur National Monument here in the United States, a whole hillside littered with dinosaur skeletons. We seem to have the same thing except with whales here in Chile.”

COLOMBIA
US Dismisses Colombia FARC Request to Join Peace Negotiations

More women in Colombian politics, please

CUBA
From The Economist story (also posted under Panama, below): Caribbean ports and the Panama canal
Ripple effects

Brazil and Cuba agreed in 2009 to develop the port of Mariel, west of Havana, through a partnership between Brazil’s Grupo Odebrecht and a state-owned Cuban company, with PSA International of Singapore as operator. The port has been dredged to a comfortable 18 metres and was inaugurated in January. But a major transshipment role is blocked by the American trade embargo: ships which have been to Cuba are barred for six months from American ports. More time to complete the Panama expansion means more time for the embargo to lift.

Lining a Dictator’s Pockets
No good would come of lifting the embargo on Cuba.

CURACAO
Curacao’s StartUp Stock Exchange Combines Crowdfunding with Stock Exchange

DOMINICAN REPUBLIC
U.S. Medical Tourism To Dominican Republic Could Increase With High-Tech Clinic

EL SALVADOR
El Salvador Could Be the Next Venezuela
Experts say country could morph into Venezuela if ruling party retains control

GUATEMALA
The Fine Tapestry of the Kaqchikel Women of Guatemala

HAITI
UN official urges Haiti compensation
A UN official breaks ranks with the world body, and calls for compensation for Haitian victims of a cholera outbreak many blame on peacekeepers.

HONDURAS
Democracy

MEXICO
Mexican Drug Lord Owns Nearly 300 Companies

NICARAGUA
Why the Plan to Dig a Canal Across Nicaragua Could Be a Very Bad Idea

PANAMA
Caribbean ports and the Panama canal
Ripple effects

The new locks will accommodate ships which can take almost three times that load and need a draft of over 15 metres.

These monsters will slash shipping costs for Pacific cargo en route for Atlantic ports, and boost the 6% share of world trade that the Panama canal now claims.

PARAGUAY
Giant Prehistoric Sloth Fossil Found In Paraguay

PERU
Voting in Peru? Referendum on ballot just got more confusing

PUERTO RICO
Moody’s Issues Junk Rating for Coming Puerto Rico Bond Sale

20 arrested for bank fraud, money laundering in Puerto Rico

VENEZUELA
Whither Venezuela?

The WSJ lists Venezuela’s Opposition Leaders
University students have been the backbone of the antigovernment movement, but demonstrators recently have looked to Leopoldo López, a former mayor of the Chacao district of Caracas and leader of the Popular Will party. Read more about the opposition to President Nicolás Maduro.

Death toll from Venezuela street protests rises to 18
caracas clashes
Anti-government protests continue to Caracas and across Venezuela with ongoing battles between protesters and police claiming the life of a national guardsman

Chavismo Thrives on Mistrust

The U.S. Was Ready to Impose Sanctions on Ukraine. Why Not Venezuela, Too?

How Chavez planted the seeds of violence

‘A Perfect Storm': The Failure of Venezuela’s New President
He was hand-picked by Hugo Chávez, but Venezuelan President Nicolás Maduro has lost control of the country’s economy. Vast protests have been the result, but the government in Caracas has shown no signs of bending.

Jailed Venezuela protest leader mocks President’s talks

ARE CUBAN SPECIAL FORCES SHOOTING AT VENEZUELAN PROTESTERS?

Senate Resolution Targets Venezuelan Rights Violators

The week’s posts and podcast:
Latin America at the #Oscars2014

Just what the Venezuelans need: Jimmy Carter!

#SOSVenezuela: Hugo loses his head in Táchira

Rubio’s speech on Cuba and Venezuela

Argentina: The more things change . . .

Venezuela, Cuba, Nicaragua: Russia to add military bases overseas UPDATED

Venezuela, en español: Entrevista con Gen. Ángel Vivas

En español: Terapia intensiva

Venezuela: Tweeting the barricades #SOSVenezuela

Mexico: How Chapo was nabbed

At Da Tech Guy Blog:
What would it take for Latin America’s left-wing populist economies to turn around?

Venezuela: “Don’t you get weary!”

Podcast:
Victor Triay, author PLUS US-Latin America this week

The Venezuelan demonstrations Carnival of Latin America and the Caribbean

Monday, February 24th, 2014

LatinAmerWithout a doubt, the week’s top story is the opposition’s continuing demonstrations in Venezuela, eclipsing even the capture in Mexico of Chapo Guzmán, the most-wanted criminal of the hemisphere (and who will face charges in at least three US federal courts), . You can click on #LaSalida for all my posts covering the story.

ARGENTINA
Clarin break-up plan passed under Argentine media law
Regulators in Argentina have approved a plan to break up the country’s biggest independent media group into six parts.

The tragedy of Argentina
A century of decline
One hundred years ago Argentina was the future. What went wrong?

. . . three deep-lying explanations help to illuminate the country’s diminishment. Firstly, Argentina may have been rich 100 years ago but it was not modern. That made adjustment hard when external shocks hit. The second theory stresses the role of trade policy. Third, when it needed to change, Argentina lacked the institutions to create successful policies.

“We have spent 50 years thinking about maintaining government spending, not about investing to grow,” says Fernando de la Rúa, a former president who resigned during the 2001 crisis.

This short-termism distinguishes Argentina from other Latin American countries that have suffered institutional breakdowns. Chile’s military dictatorship was a catastrophic fracture with democracy but it introduced long-lasting reforms. Mexico’s Institutional Revolutionary Party governed steadily for most of the 20th century. “In Argentina institution-building has taken the form of very quick and clientilist redistribution,” says Daron Acemoglu of the Massachusetts Institute of Technology.

Elliott vs Argentina: 3 possible resolutions

BAHAMAS
China makes inroads in the Bahamas with Baha Mar mega-resort

BELIZE
Belize Sign On To Jaguar Corridor Initiative

BOLIVIA
Bolivia under water: Why no national disaster declared amid floods?
The Bolivian government says its massive aid operation, which includes food and tents, is well underway, but not everyone is satisfied with the response.

Turnabout in Bolivia as Economy Rises From Instability

BRAZIL
Optics? THE ROUSSEFF TWO STEP
Brazil Sidestepping to the Right
via Instapundit.

Drought Could Drain More Than Brazil’s Coffee Crop

CHILE
Pedophile Priest Defies Vatican Order

COLOMBIA
Colombia`s left; human rights hypocrites

COSTA RICA
5 things that happened this week in Costa Rica’s presidential runoff campaign

CUBA
Venezuela: Another Reason Why Cuba Remains a State-Sponsor of Terrorism

On eighth day of hunger strike, Cuban activist Antunez vomiting blood (UPDATED)

DOMINICA
A husband-and-wife pair of Olympic skiers representing Dominica are having a nightmare week in Sochi

DOMINICAN REPUBLIC
Haitians will not be stripped of Dominican Republic citizenship

Plastic Surgery in the Dominican Republic: Is the Cheap Cost of Medical Tourism Worth the Risk?

ECUADOR
Ecuador’s President Correa Faces Test in Regional Elections
Correa Seeks to Strengthen his Hold, Secure Continuity for His Government

GUATEMALA
At least 8 dead, 12 wounded in Guatemala violence

JAMAICA
Jamaican bobsled team faces uncertain future

MEXICO
Stalled Spending Chokes Mexico’s Growth
Mexico posted its worst economic performance in 2013 since the global recession of 2009, thanks in part to massive government spending delays that businesses struggled to overcome.

Obama finds that the world intrudes on his travels

Yet Another Devastating Blow to the Drug Gangs! Another Decisive Victory in the War on Drugs!

Humor:

NICARAGUA
A canal across Nicaragua: Is this for real? Here’s a hint: “The price tag alone is nearly four times Nicaragua’s economic output.”

PANAMA
Panama Canal expansion project resumes after work stoppage

PARAGUAY
Maria Doyle Kennedy speaks about filming ‘Eliza Lynch: Queen of Paraguay’

PERU
Video: Peru creates a special place for expectant mothers to wait — and wait

PUERTO RICO
Puerto Rico Plans $2.86 Billion Offering for 16 Months of Cash, supposedly “to regain financial footing” until June 2015. And then what?

Puerto Rico Diocese Opposes Criminal Investigation Into Sex Abuse Cases

VENEZUELA
Cubanization at work: Venenozuela drives out its Jewish community

Venezuela says ‘fascists’ CNN can stay but calls on media to rectify coverage

Caracas: Venezuelan Opposition Leader Leopoldo López Faces 10 Years in Prison

Will Venezuela Follow Ukraine?

On the March in Caracas

Venezuela: chaos and thuggery take the place of the pretty revolution
Hugo Chávez’s dream world has become a nightmare of shot-down protesters, jailed oppositionists, economic meltdown and a brutal war waged against a defiant middle class

Video: Venezuelan Citizens Scream At National Guard “We Are The People, Do Not Hurt Us!”

The week’s posts, radio, and podcast:
Venezuela: #24F Barricading the country

CSpan Panel: #Venezuela and Democracy

Venezuela: En español, las grandes fortunas de los chavistas en el Imperio mismo

Mexico: El Chapo caught

Venezuela: More protests today #22F

Venezuela: Not “a slow news week”

En español: Libro Desarrollo económico y pobreza en América Latina: El rol de los Planes Sociales”

Venezuela: Shooting in the streets

Mexico: Obama arrives for summit

Venezuela: Today’s roundup

Venezuela: What’s happening today #18F #PrayForVenezuela

At Da Tech Guy: Venezuela: “We must become the media”

Radio: DaTechGuy on DaRadio Noon-2 Fausta & Da Magnificent Panel

This week’s podcast had to be cancelled due to software difficulties at Blog Talk Radio.

The Winter Olympics week Carnival of Latin America and the Caribbean

Monday, February 10th, 2014

While the Sochi accommodations are nowhere near as nice as those in the more modest hotels in our hemisphere, Mexico sent the most interesting skier in the world, Bermudans wore shorts, and the guys from the Caymans wore shorts and flip-flops (which may explain why there only three). Dominica, Tortola of the British Virgin Islands, Jamaica (whose bobsled is now complete), Paraguay, Brazil, Peru and the US Virgin Islands also have athletes in Sochi.

ARGENTINA
Argentina bus crash near Mendoza kills at least 18

COUNTING THE COST
Argentina’s great decline
It has gone from being one of the world’s wealthiest nations to a serial defaulter, but can it get back on track?

Argentina: Repeat Economic Offender

ARGENTINA FREE FALL
Kirchner Government Doubles Down In Its War Against Math

Argentina is doubling down in its war against math. The WSJ reports that political activists loyal to President Kirchner are publicly targeting retailers by putting posters of the executives up all over Buenos Aires. The posters accuse the leaders of Walmart and other companies of fueling the country’s ruinous inflation by raising prices, even as the government continues to devalue the official currency and ignore traditional IMF economic policy.

Argentina to US senators: Show a little respect

BELIZE
A magical world at Francis Ford Coppola’s luxe resorts in Belize
Need isolation? Coppola’s Blancaneaux Lodge is in the middle of the untamed, natural beauty of a Belizean forest preserve. Need local culture? Turtle Inn is on the coast near the fishing village of Placencia

BOLIVIA
Bolivia floods kill 38, more heavy rains forecast

The European Union (EU) Thursday called on Bolivia to respect the ruling of the Hague-based Permanent Court of Arbitration (PCA) in favor of British power generator Rurelec PLC, said an official. US$41 million.

BRAZIL
Brazil may face water shortages during World Cup, group says, but I’ll bet it won’t be like the Sochi water.

Removida delegada que apura ligação de Lula com mensalão

Responsável pelo inquérito que investiga a suposta participação do ex-presidente Luiz Inácio Lula da Silva no esquema do mensalão, a delegada Andrea Pinho foi removida do cargo nesta sexta-feira, 7. O inquérito que tem Lula como alvo será tocado por outro delegado, ainda não designado que pode pedir novas diligências ou o arquivamento do caso.

CHILE
Chile cool: art, music and graffiti in laid-back Valparaíso
The Chilean city of Valparaíso is alive with avant-garde culture and vibrant street art. Think mini Berlin by the seaside

COLOMBIA
Colombia`s media are wrong; election is up for grabs

Photo of Pres. Santos shaking hands with Timochenko, the FARC leader, back in the day, “If you want Timochenko as president and Iván Márquez in the Senate, you know who to vote for in the upcoming elections.”

COSTA RICA
‘Black Heart’ in Brazil heat drives coffee turnaround h/t DP

CUBA
Gorki Aguila, Cuban Rocker Faces Sham Trial

Cuba Regime Supporters Caught Off Guard with Reaction to Fanjul Story

Oh Happy Day! NBC refers to Communism as “pivotal experiment”

The Truth About Che Guevara

ECUADOR
Xavier Bonilla’s cartoon before:

Freedom of speech in Ecuador
Drawn and quartered
The government orders a newspaper to “correct” a critical cartoon

Xavier Bonilla’s cartoon after:

EL SALVADOR
JJ Rendón is suing Salvador’s president Mauricio Funes for $100 on defamation of character and slander from Funes calling him “a fugitive from justice, a rapist.” (link in Spanish) I hope Rendón wins, and gets to collect.

GUATEMALA
Claudia Paz y Paz, A Guatemalan crusader is reined in

Guatemalan court upholds top prosecutor’s ouster

HONDURAS
Democracy

MEXICO
In Apatzingán:Mexican Vigilantes Enter Key City in Michoacán State
Vigilantes Aim to Take Control of City from Organized Crime Group

THE AMERICAN VIGILANTE VERSUS THE MEXICAN CARTEL

Sochi 2014: ‘Mexican prince’ ready to hit slopes in Mariachi suit

Well, he already was successful lobbying against soft drinks: Look who’s giving advice to Mexico City? Señor Bloomberg. I suggest he brush up his Spanish,

NICARAGUA
Nicaragua: Ortega allowed to run for third successive term

PANAMA
Panama Canal work stops in $1.6bn row
The Spanish-led consortium working on a project to widen the Panama Canal confirms work has been suspended amid a row over cost overruns.

PARAGUAY
Julia Marino becomes Paraguay’s first Winter Olympian

PERU
400 Dead Dolphins Washed Up on Peru Beaches in January

PUERTO RICO
Networks Completely Ignore $70 Billion Puerto Rican Debt Crisis

Puerto Rico Downgrade Puts Bond Deal in Spotlight
Investors are looking beyond the junk-rated credit of Puerto Rico to see if it can sell debt needed for short-term finances, lay groundwork for economic recovery.

URUGUAY
Uruguay’s president nominated for Nobel Peace Prize for legalizing marijuana

VENEZUELA
D.C. mayoral candidate’s business to host Venezuelan government’s pro-Chavez event

Toyota Halts Venezuela Production as Car Sales Fall

Venezuelans fume as government signals end to ‘free’ petrol
In a country where petrol is cheaper than water, ministers say prices must increase for the first time since a rise 15 years ago sparked deadly riots

The fascists in charge of Venezuela want to kill the press, while banging students

The Paradox Of Chavista “Planning”: Even Simple Things Are Hard For Them

Antonio Pardo, A Venezuelan in Sochi (Important Update)

According to Alek Boyd and others, Mr. Pardo is not quite the feel-good story we made him out to be. Turns out he allegedly has links to Antonini Wilson and the suitcase scandal. State news media is falsely reporting he won a gold medal.

Venezuelan “skier” in #Sochi2014 has a Swiss bank, is partners with Carlos Kauffmann & Co. His brother’s a partner of L. Oberto in St Barts

The week’s posts and podcast:
“Smart diplomacy”: Ambassador to Argentina may not even speak Spanish

Mexico: The most interesting skier in the world

Brazil: Cuban doctor seeks asylum

Argentina: Burning down the house

Venezuela: Squatting at the Presidential Mansion

Puerto Rico: Junk bond status

Sochi: Airline loses Jamaicans’ bobsled

Mexico: Behind the Peña Nieto-Fidel photo-op

Left turns: El Salvador and Costa Rica

At Da Tech Guy: Ask Fausta: Is now the time to travel to Latin America? The answer is yes.

Podcast: Elections in El Salvador plus other US-Latin America issues