Posts Tagged ‘Stanford Bank’

The Carnival of Latin America and the Caribbean

Monday, March 25th, 2013

Stanford Victims Will Benefit From $300M Settlement

Imprisoned priest Francisco Jalics breaks silence over Pope Francis, clearing him for involvement in ‘Dirty War’
Jalics had been silent for years in a German monastery. He once thought then-Cardinal Bergoglio played a role in his arrest

Social Justice And Pope Francis: Choosing Freedom Over Serfdom

After Frosty Past, Pope Meets Argentine Leader

Making nice? Argentina’s Kirchner and Pope Francis meet in Rome (+video)
Beneath the cordial meeting today between new Pope Francis and President Kirchner lies a rocky and strained relationship that stretches back to 2004.

[Additional video below the fold]

Indians, police clash at Rio complex near Maracana to be razed for 2014 World Cup

Brazil’s opposition
The Minas medicine
Aécio Neves ran his state well. But he may struggle to convince voters that his formula is right for the presidency

Wave of prawn deaths baffles Chile city of Coronel
Thousands of dead prawns have washed up on a beach in Chile, sparking an investigation.
Hundreds of dead crabs were also washed ashore in Coronel city, about 530km (330 miles) from the capital, Santiago.

Ten years later, Colombia nabs rebel linked to Uribe inauguration attack. What’s with the “rebel” thing? The guy’s a terrorist.

Starbucks buys coffee farm in Costa Rica (h/t DP)

African Politicians Laundering Money Through Cuba

Daughter of Oswaldo Paya demands international inquiry into his death

Dominican Republic detains 35 soldiers and police, 4 French citizens in drug investigation

République dominicaine : démantèlement d’un réseau de trafic de drogue vers la France

Ecuadorian diplomacy fails in his attempt to change the IACHR reforms

Guatemala ex-ruler Rios Montt on trial for genocide
The trial of the former military ruler of Guatemala, Efrain Rios Montt, for genocide and crimes against humanity has begun in Guatemala City.

Seldom Tried Honduran Dishes Made from Unusual Root Crops (h/t DP)

Heads of state at the Papal inauguration, Bayly style (in Spanish),

Mexico’s attorney general says no motive yet in US car shooting that wounded 2 CIA agents

Panama Canal Minister: Deepen Port of Savannah

Petroperú to Take Over Former Talisman Concession in Peru
Petróleos del Perú SA plans to take over operations at Block 64 in northern Peru, an important step for the state-owned oil company to return to upstream operations.

Puerto Rico: US army drills ‘did not cause illnesses’

Venezuela Acts to Ease Dollar Shortage

Chavez trek

The week’s posts:
Pope Francis not dancing to Cristina’s tune

Yoani Sanchez meets Marco Rubio

Latino demographics: Integration is the key factor

Mexico: Will PEMEX reforms come to pass?

Correcting my error on my article on Pope Francis



The Carnival of Latin America and the Caribbean

Monday, January 31st, 2011

LatinAmerIn today’s news, the US Embassy in Caracas is closed due to threats, according to El Universa (h/t Vlad). The nature of the threats was not specified.

While the world’s attention is focused on the Middle East, here are several of the news stories in our hemisphere this week,


Central America, crime, and what the Americas are doing about it

Argentine Wheat Exports May Fall to Lowest in Almost 30 Years

Following up on a story from a few years ago, Stanford Judged Incompetent to Stand Trial

Business in Brazil
Top whack
Big country, big pay cheques

Brazil’s Canny Asia Game
Former Brazilian President Lula da Silva oversaw a period of growing influence in the Asia-Pacific. Will his successor follow suit?

Copper Law

Colombia economy: Post-flood emergency mode

Italian Parliament commits to the freedom of Cuba’s political prisoners

On those New OFAC regulations on Cuba travel released

The interesting thing here is that when originally reported it appeared that remitters would not be able to send more than $500 to Cuba per quarter. It now seems, however, that U.S. citizens can send $2,000 a year to as many qualified Cubans as they like. I’m not a lawyer and I received this information too late to call OFAC, so I can’t say for certain.

Cuba political prisoner Guido Sigler responds with defiance to Castro’s blackmail

Obama’s heading to El Salvador in March. Obama and El Salvador

If there is one thing all media outlets can agree on, it is that they have no idea why President Obama is going to El Salvador.

Salvadoreños al tanto de la visita de Obama antes de su discurso

Update on Liz

Saddling up for the trail to Los Pinos
Can anyone stop Enrique Peña Nieto restoring the PRI to power next year?

What is economic freedom?

S. Korea to get FTA but not Panama

State Department says relations with Peru “never been this strong”

Back when I was a student at the University of Puerto Rico, the students were protesting. No change on that front,


After the Flood in Venezuela
Housing the estimated 130,000 homeless people is drastically more difficult thanks to Hugo Chávez’s nationalizations and regulations in the construction industry.

How a bully Dictator like Hugo Chavez runs Venezuela

How people in Taiwan see Hugo,

Venezuela tells foreign oil firms to keep output at 3.1 mn bpd

Hugo Chávez’s Venezuela
Charting a course to irrelevance
The Inter-American Democratic Charter is proven toothless

Investing in Venezuela’s Future

English language chavismo in the web on the decline

The week’s posts,
Chavez says Egpyt embassy briefly taken over by protestors
Muslim cleric catapults to fame by crossing the border
Catapult over the border!
Tanks for Hugo, bankrupt states, the Supremes, and the roundup


The Stanford Bank scam & the missing crook, Part 2

Thursday, February 19th, 2009

7PM Eastern: CNBC reports that Allen Stanford has been found in Virginia by FBI agents

My news roundup article, Missing Stanford and His Destructive Path is up at Real Clear World Blog. Please read it and leave a comment.

Still on the Stanford subject,

A comparison between Stanford and Madoff at the WSJ:


And a note on the bloggers’ influence in the investigation, from The Economist,

The SEC stepped up its probe after its Madoff mis-steps. But a bigger impetus may have been a deeply sceptical report on Stanford’s investment returns, published in January by Alex Dalmady, an independent analyst. The blogosphere picked this up, and within days it was making headlines worldwide. This offers hope for those who despair of the SEC’s bungling, suggesting that in the internet age forensic vigilantes and devil-may-care bloggers can, to some extent, fill the gap left by dilatory regulators and libel-constrained mainstream media.


R. Allen Stanford and his employees contributed $31,750 to Barack Obama’s presidential run, making the new president the third-largest recipient of Stanford campaign cash, according to the Center for Responsive Politics.

An Obama aide, speaking on condition of anonymity, said the money was donated yesterday to charity.

Ain’t that the truth

This new scandal, coupled with Bernard Madoff’s pyramid, plus the Colombian pyramids scheme, plus the Brazilian and Mexican derivatives scandals that triggered a tumble in stocks, is helping erode the confidence in financial markets built up for years, and giving another excuse to populist presidents and politicians (most them opportunistic idiots) for launching attacks on banks and free markets and corporate independence.

Check out also The Devil’s Excrement‘s posts on Stanford, which Kate recommends in the comments.

Earlier today: Part 1 & Podcast.


Share on Facebook

The Stanford Bank scam & the missing crook

Thursday, February 19th, 2009


Accused Financier Under Federal Drug Investigation

Authorities tell ABC News that as part of the investigation, which has been ongoing since last year, Mexican authorities detained one of Stanford’s private planes. According to officials, checks found inside the plane were believed to be connected to the Gulf cartel, reputed to be Mexico’s most violent gang. Authorities say Stanford could potentially face criminal charges of money laundering and bribery of foreign officials.

Authorities say the SEC action against Stanford Tuesday may have complicated the federal drug investigation.

The federal investigation, however, did not stop Stanford from using corporate money to become a big man at last year’s Democratic convention in Denver.

A video posted on the firm’s web-site shows Stanford, now sought by U.S. Marshals, being hugged by Speaker of the House Nancy Pelosi and praised by former President Bill Clinton for helping to finance a convention-related forum and party put on by the National Democratic Institute.

Moe Lane asks, Did Mexican drug money help subsidize the Democratic Convention?

Over in Venezuela, Venezuela ‘takes over local Stanford bank’

I’ll be talking about this in today’s podcast at 11AM Eastern.

I’m also working on a post and roundup for Real Clear World. Will link to it here, of course.


Share on Facebook