The week’s big story: As the country is about to default again on its debt, Argentina’s leftist President Cristina Kirchner signed a proposal nationalizing the country’s private pension funds in what could be seen as a grab for cash and power amid the global economic crisis. Read more about it in the section for Argentina below.
The Hezbollah-Latin American Ties Become More Evident, also at Counterterrorism blog
Juan Forero summarizes the suitcase trial in Miami, which is now gone to the jury: Court Case in Miami Casts Light on Corruption in Venezuela
While the US cuts off trade benefits with Bolivia because of cocaine, Evo Morales goes for nose surgery:
U.S. Cuts Off Trade Benefits to Bolivia Over Drugs
Via IBD Blog, For every hectare of coca planted, 3 to 4 hectares of forest are actually cut down: POINT OF VIEW/ Francisco Santos Calderon: Colombia battling cocaine, preserving nature
Read about Fusion Technology’s dealings in Haiti: Democrats for Despotism Party figures had a profitable relationship with Haiti’s dictator.JAMAICA
Illegal immigration, and Jamaican ganja for Haitian guns: Haiti and Jamaica’s deadly trade
Jaime Bayly, in Spanish, talking about South Park’s Andean bands
After the San Juan Star’s closing, the government will be subsidizing a new English-language daily: English-language daily to debut in Puerto Rico
SAN JUAN, PUERTO RICO – A group of journalists in Puerto Rico said Tuesday they are ready to launch the island’s first cooperative-style newspaper this week with a $1 million boost from the government.
The new English-language tabloid would replace the Pulitzer Prize-winning San Juan Star, a nearly 50-year-old daily that closed two months ago amid declining revenues and disputes between the publisher and union over layoffs and benefit cuts.
Roughly 15,000 copies of the Puerto Rico Daily Sun will be printed on Wednesday and about 2,000 subscribers have already signed up, editor Rafael Matos told a news conference in the U.S. island’s capital, San Juan.
The Puerto Rican Department of Labor and Human Resources will contribute $1 million to help cover salaries and benefits. Half that amount will be available under a local law that provides incentives to companies that create new jobs, Secretary Roman Velasco said.
Matos said the paper’s objectivity would not be compromised by the government help.
“We are subject to the strictest of journalistic canons,” Matos said. “This is not an investment from the government – it is a contribution.”
Matos said 90 former Star employees agreed to buy a minimum of $200 in shares of the United Press Cooperative to help start the paper/
Via Grouchy Old Cripple, Chavez raises whisky prices
“I was born in Colombia, but I was made in the USA”
THIS WEEK’S POSTS AND PODCASTS
Chavez wants to jail rival Rosales
A suitcase full of money from Hugo to Cristina
OPEC cuts production, prices fall, Hugo sweats some more
Colombia smashes drug ring with Hezbollah ties
Argentina: Let’s plunder the pensions!
Sean Penn goes to CaracasSpecial thanks to Eneas, Larwyn, Maggie and Maria.