Fausta's Blog

American and Latin American Politics, Society, and Culture

Archives for November 2013

November 30, 2013 By Fausta

Mexico: No more Pact

The leftist Partido de la Revolución Democrática (Party of the Democratic Revolution, or PRD) has pulled out of the Pact for Mexico, creating an acute crisis (link in Spanish), according to Mexican daily El País.

But how much of a crisis is it?

The Pact for Mexico, created in 2012 by then-new president Enrique Peña Nieto’s Partido Revolucionario Institucional (PRI), the PRD, and the Partido Acción Nacional (National Action Party, or PAN) ended 15 years of gridlock in the fractious congress,

allowing Mr. Peña’s administration to secure passage of wide-ranging bills on telecommunications, tax increases and education.
…
Congress is taking up the issue next week. But lawmakers from the PAN and the ruling Institutional Revolutionary Party, or PRI, are expected to rewrite the president’s bill to give private oil companies a bigger role in the state energy sector, including contracts that allow them to share oil production. The president’s August initiative called only for sharing the profits from the oil, but not the oil itself.

“If they insist on an energy reform that privatizes Mexico’s oil income, the government is going to generate a situation of enormous social and political instability,” said PRD president Jesús Zambrano in an interview. “We’ll have a very hot Christmas, we’ll launch protests on all fronts.”

Together, the PAN and PRI have the two-thirds majority in Congress required to pass the proposed constitutional changes for the energy overhaul. And the president has already passed most of his major initiatives under the pact.

Mr. Peña Nieto regretted the PRD’s decision to leave the Pact for Mexico, but vowed to press on with reforms.

From the PRI’s point of view,

The ruling Institutional Revolutionary Party, or PRI, is hoping its energy reform will spur faster economic growth, and the departure of the Party of the Democratic Revolution (PRD) from the accord is likely to push the debate closer to a more business-friendly proposal backed by the center-right.

The Senate is expected to vote on the political overhaul as early as Tuesday, with a vote on the energy bill soon to follow.


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Filed Under: energy, Mexico, news, oil Tagged With: Fausta's blog, PAN, PEMEX, PRD, PRI

November 30, 2013 By Fausta

Brazil: Will the stadium meet the deadline? You betcha.

A crane collapsed this week killing two workers at Arena Corinthians, the stadium in São Paulo set to host the opening game of the 2014 World Cup.

Now Brazil Orders Partial Halt to Stadium Construction After Accident
Brazil’s government has ordered a partial halt to construction of a new sports stadium, following an accident that killed two workers, creating doubts about the venue for the soccer World Cup opening game in 2014
. The stadium is expected to cost around $353 million, but it may not be finished on time:

Press reports Friday said Brazilian authorities were already searching for “a Plan B” in the event the São Paulo venue is unavailable.

But

A spokesman for Brazil’s 2014 World Cup Organizing Committee, however, said, “It is premature to talk about a Plan B when we have not yet fully assessed the situation at Arena Corinthians.”

and

other aspects of the project were moving ahead. Corinthians on Friday signed a loan agreement with state-run mortgage bank CEF for 400 million Brazilian reais ($172 million). The money will pay for the remaining construction work on the stadium.

What do the unions say? (emphasis added)

A labor union representative, although highly critical of conditions at the site, said the accident will cause a delay in the construction schedule of only eight to 10 days. “The cause of the accident was human error,” said Antonio de Sousa Ramalho, president of the São Paulo Construction Workers Union. “That can be fixed by putting adequate management procedures in place. Personally, I have no doubt Arena Corinthians will be the venue for the World Cup opener.”

I predict Arena Corinthians will hold the opener.

There are a total of six stadiums not yet completed. The question is, will all of them be ready on time? (click on photo for large view)

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Filed Under: Brazil, news, sports Tagged With: Arena Corinthians, Fausta's blog, World Cup

November 29, 2013 By Fausta

Ecuador: Oil bidders not quite chomping at the bit

Imagine an oil auction were the winners would have to contend with the following:

  • Chinese firms serving as middleman in most of the oil sales, while keeping an option to divert barrels to China if needed.
  • Private operators are paid fees based on per-barrel production, rather than owning the crude that they extract.
  • Indigenous groups inhabiting the drilling zones were not consulted.
  • And the country has penalized a major oil producer with a $19billion fine and decades-long lawsuits.

Ecuador Receives 3 Offers in 11th Oil-Licensing Round
Analysts Say Contract Model Was Obstacle in Attracting Interest in the Auction
.

If you’re surprised that they received three bids (as opposed to none), bear in mind that

China’s Andes Petroleum Co. submitted offers for blocks 79 and 83, while Spain’s Repsol Cuba submitted an offer for block 29.

Repsol Cuba, by definition, is a sucker for punishment.

More on China and Ecuadorian oil at Petroleum World.

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Filed Under: business, Ecuador, oil Tagged With: Fausta's blog

November 29, 2013 By Fausta

Argentina: Same old, same old

Cristina’s hitting the same old,

Argentina issue threats over Falkland oil
Argentina threatens fines and imprisonment for oil companies and their executives for any “illegal exploration” of hydrocarbons off the Falkland Islands

The Foreign Office added that hydrocarbons activities by companies operating on the continental shelf of the Falkland Islands are regulated by legislation of the Falkland Islands government, and in accordance with the United Nations Convention of the Law of the Sea.

Cristina will resort to any distraction from her chaotic fiscal problems and deals with Iran.

I suggest she focus on this bit of old news instead, World’s oldest prehistoric toilet unearthed in Argentina.


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Filed Under: Argentina, Great Britain, oil Tagged With: Cristina Fernandez, Cristina Fernandez de Kirchner, Falkland Islands, Fausta's blog

November 28, 2013 By Fausta

Shearith Israel’s Thanksgiving

Meir Soloveitch writes in the WSJ about the origins of the Shearith Israel synagogue: God Delivered the Pilgrims—and My People
Thanksgiving always had particular resonance for one group of religious freedom-seekers.

As with the Pilgrims at Plymouth Rock, the origins of Shearith Israel trace back to a small group of religious freedom-seekers and a treacherous ocean passage to the New World. In September 1654, 23 Jews set sail from Recife, Brazil, where the Portuguese Inquisition had made practicing Judaism impossible. Intending to return to Europe but captured by pirates mid-voyage, they gave themselves up for lost—until, as a congregational history puts it, “God caused a savior to arise unto them, the captain of a French ship arrayed for battle, and he rescued them out of the hands of the outlaws . . . and conducted them until they reached the end of the inhabited earth called New Holland.”

Once arrived safely in New Holland, better known as New Amsterdam, the refugees formed the first Jewish community in North America. From the start, they remained loyal to their faith: praying together, ensuring the availability of kosher meat, and observing their holidays. For these individuals, the symbolism of lighting the Hanukkah candles in the dark of winter must have been especially resonant, at one with the dawning presence of Judaism in the New World.

At the beginning of the 18th century, Shearith Israel—the name means “the remnant of Israel”—was importing its clergy from Europe. But by 1768, it was ready to hire its first American-born minister, Gershom Mendes Seixas. And it is here that the story of Shearith Israel becomes forever intertwined with the story of Thanksgiving—and of America.

Read about how it did here

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Filed Under: Brazil, history Tagged With: Fausta's blog, Shearith Israel, Thanksgiving Day

November 27, 2013 By Fausta

Cuba closing its consulates in the US

Cuba, Lacking Bank, Closes U.S. Consular Services

The Cuban government said Tuesday that it was shutting down nearly all of its consular services in the United States “until further notice” because it was unable to find a bank willing to handle its business. The decision threatens to disrupt a recent surge in travel between the United States and Cuba on the eve of the holiday season. The Cuban Interests Section in Washington said that it was informed by its bank, M&T Bank, in July that it would no longer be able to provide services to foreign missions.

wsv-783361Play me the world’s smallest violin. For decades, Cuba has defaulted and cheated on all debts, and is currently imprisoning foreign businessmen who tried to collect on unpaid bills.

But don’t feel bad for the communist regime,

The Castro regime will now issue all sorts of “threats” and “propaganda” in an effort to coerce the Obama Administration into compelling a private bank to do business with it.

$5 says they’ll find one.


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Filed Under: business, Communism, Cuba, news Tagged With: Fausta's blog

November 27, 2013 By Fausta

Mexico: Teen hit man sent back to USA

17 yr old El Ponchis is back in the US:
Mexico: Teen hit man freed, sent to U.S.

Mexican authorities set free a former teen cartel hit man on Tuesday and sent him back to the United States.

The release of Edgar Jimenez Lugo, a U.S. citizen known as “El Ponchis” or “The Cloak,” comes less than three years after a Mexican court found him guilty of torturing and beheading at least four people and kidnapping three others as an operative for the South Pacific Cartel.
…
On Tuesday, Mexican authorities said he had served his three-year sentence and had been sent back to the United States.

This was a very high-profile case at the time, and parts of El Ponchis’s interrogations were shown on TV.

He’s certainly not the only one; earlier this year a 13 yr old hit man was executed. Prior to his release, El Ponchis had requested police protection, which was denied, and he was deported to the US.

In a somewhat lighter mode, Paco Almaraz had the burnt-out El Ponchis (in Spanish).

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Filed Under: crime, Mexico Tagged With: Edgar Jimenez Lugo, El Ponchis, Fausta's blog, Paco Almaraz

November 26, 2013 By Fausta

En español: Terapia intensiva

esta semana,

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Filed Under: humor, Mexico, YouTube Tagged With: Fausta's blog, Paco Almaraz, Terapia intensiva

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