Two big stories this week:
1. Hugo Chavez expelled the American ambassador and the US expelled the Venezuelan ambassador, while Russian bombers are flying out of Caracas. Going unnoticed: the news that PDVSA is $12billion in the red since last year.
2. Eastern Bolivia is now under martial law as it lapses into what can become a full civil war. 38 people died following rioting in northern and eastern areas of Bolivia in reaction to Evo Morales plans to re-distribute the country’s wealth. Bolivian troops fired into crowds. Bolivia also expelled the American ambassador.
The embassies in all the countries involved remain open and functioning, as of the writing of this post.
In today’s podcast at 10AM Eastern Monica Showalter of IBD talks about these stories. You can listen to the podcast here
Latin America wants free trade
The perils of US protectionism:ARGENTINA
Argentina’s other drug problem
Compromise in Bolivia?
Bolivia’s government has said it has reached a basic agreement with the opposition on ending the violence which officials say has left 28 people dead.
Interior Minister Alfredo Rada said a further 10 bodies had been found in Pando province following the “massacre” of pro-government farmers on Thursday.
Pando Governor Leopoldo Fernandez has been accused of ordering the attack.
Here’s video of the military firing into a crowd
What Haiti needs
Expulsions stoke US-LatAm dispute
Mary Anastasia O’Grady on the Russian bombers:This week in weapons
McCain Attacks Obama Over Venezuela
THIS WEEK’S PODCASTS AND POSTSVenezuela: Russian bombers going bye-bye
Pdvsa to get $1.2 billion loan from a Japanese bank
The US replies to Chavez and expels the Venezuelan ambassador to the US; Honduras joins in the fray. Oil drops.
Mexican Makes NY Times Investment No American Will Do
Venezuela throws out American ambassador, recalls Venezuelan ambassador to the US
Bolivia: Evo Morales Says He’ll Expel U.S. Ambassador From Bolivia
Following up on the Russian/Venezuela military maneuvers in the Caribbean story: Cold War II in time for the election
More on Chavez’s naval excercises with Russia