By Bianca Fernet, Argentina: The clock is ticking. Fast. June 30 is a mere 12 days away.
Entries in Latin America (55)
By Bianca Fernet: Bond markets are abuzz about Argentina's deal with the Paris Club of creditors on US$9.7 billion of arrears from the 2001 financial crisis. Economy minister Kicillof emerged, in his mind and that of many, victorious. Brilliant diplomatic showmanship.
By Stefan Mudry: During upheavals that cause our system to collapse – this is what you’re preparing for with a Bug Out Location – lacking pesticides, fertilizers, and energy for irrigation and equipment will reduce food production. And then what?
By Sam Pothecary, Argentina: It said the economy shrank for the first time since 2012. This is confusing to us who live here: Does that mean it had been growing for years of peso devaluations, soaring inflation, unemployment, strikes, rising poverty and crime?
By Nick Cunningham: Petrobras is the world’s most indebted and least profitable oil major. It has $114.3 billion in debt. Production stagnates. Its shares have lost half their value since 2010. It’s embroiled in scandals. And President Dilma Rousseff is on the hook.
By Don Quijones: With more back channels and revolving doors to governments around the world, Monsanto is used to getting its way. But now it faces an outright rebellion.
By Bianca Fernet: “Head in hands” photos or “plunging value” graphs that are traditionally displayed when markets fall were selected to accompany news that Argentine warrants tied to GDP crashed when the government revised 2013 GDP growth down to 3%.
By Mariana Belisario-Blaksley, The Bubble: Government policies have destroyed the economy, sovereignty, and security of our once rich nation. They led to preposterous exchange controls, persecution, expropriation in the private sector, and impunity regarding corruption. Reading the media has turned into masochism....
By Danny O'Brien, Electronic Frontier Foundation: The Mexican website 1dmx.org, set up in the wake of the protests against the inauguration of President Enrique Peña Nieto, included a campaign against proposed laws to criminalize protest – until it was taken down by GoDaddy, a US company, at the request of the US Embassy.
With over 6,400 stores in 26 countries outside the US, Walmart International has smacked into the same problems Walmart has encountered in the US: it’s tough out there.
By Don Quijones: The new trade agreements have little to do with promoting free trade. They’re about extending the power and control of the world’s largest corporations.
By Danny O'Brien: Venezuela is caught up in widespread protests against the Maduro administration, which responded by cracking down on the social media. As unrest escalated, censorship widened, hitting TV stations and now Internet service providers. The heat is on.
By Don Quijones: When a consortium, led by the Spanish company Sacyr, bid to expand the Panama Canal for $2 billion under budget, it was an offer Panama couldn’t refuse. What the government didn’t know at the time was how Spanish construction firms operate.
By Maria Camila Morales, Translated by Don Quijones: For a while it seemed the government’s unique mathematics had miraculously enabled Argentina to overcome insurmountable economic challenges. Now reality caught up with it.
Paul Krugman Flip-Flops And Finally Agrees with Stilettos-On-The-Ground Economist Bianca Fernet on Argentina
By Bianca Fernet, Argentina: Paul Krugman, undisputed celebrity of the scintillating world of economics, shocked with an article accusing Argentina of “macroeconomic populism” – for following the very policies he’d advocated for years, now that there's an economic meltdown.
It’s not like Europe is out of the woods, after years of recession, lurching from bank bailout to country bailout, and sweeping remaining fetid matters under the rug. But its banks are now sinking deeper into an even greater morass: the emerging-markets fiasco.
Argentina's Drunken Devaluation Just A Hiccup Before Throwing Up, Passing Out, Waking Up On Floor To Face Reality
By Bianca Fernet, Argentina: Historically speaking, Argentina is really only unquestionably the best at one thing: creating and then surviving economic crises.
Executive Report with Southern Pulse: A pipeline explosion in Tezoyuca, Mexico, injured seven and forced the evacuation of 800 families. It was caused by a tap to steal liquefied petroleum gas. Mayor Arturo Ahumada Cruz affirmed that the pipeline is perpetually tapped.
By Adrian Bono, Argentina, The Bubble: The last time President Cristina Fernández de Kirchner was seen in public was December 10th – dancing at the Plaza de Mayo in Buenos Aires to celebrate the 30th anniversary of the return of democracy, while a wave of looting tore through many provinces that left ten people dead and frayed the very fabric of society.
By Rory Johnston, OilPrice.com: Brazil has been touted as Latin America’s oil powerhouse, projected to account for one-third of global supply growth by 2035. But poor policies and bad luck are throwing cold water on these projections.