By Brandon Smith If an economic system collapses in the woods and no one is paying attention, are there any consequences outside the woods? Well, yes, of course. As with most situations financial and global, however, consequences are not usually taken very seriously until they have spawned a vast bog of sewage we all have to then … Continue reading
By Eric Simmons President Nicolás Maduro has implemented measures such as shortened workday, increased federal holidays and scheduled blackouts in an attempt to reduce energy consumption across the country amidst a nationwide energy crisis brought on by severe drought. However, the energy crisis is only a microcosm of the Venezuelan economy and regardless of oil’s recovery, the … Continue reading
By Luis E. Juvinao Navarro Argentina recently issued USD $16.5 billion in bonds as part of its re-entry to international markets, the largest issuance registered by an emerging economy. The country’s historical proclivity to economic turmoil, however, suggests that Macri’s political changes might not deliver on financial stability. It has been 15 years of Argentine absence from … Continue reading
Venezuela’s opposition says it has delivered a petition to election authorities calling for a nationwide referendum to remove President Nicolas Maduro from office. The opposition Democratic Unity Roundtable said Monday it has collected 1.85 million signatures, more than nine times the number needed to launch the referendum process. The party blames Maduro’s policies for food … Continue reading
By Pedro García Otero, PanAm Post Following the publication of Sabrina Martin’s article in Panampost, “Looting on the Rise as Venezuela Runs Out of Food, Electricity,” several readers have been asking how Venezuela — a country that in the 60s and 70s was regarded as a future Australia — got so bad. Hundreds of reasons help to answer this question, especially in … Continue reading
By Darli Magioni With the Brazil’s Senate likely to put President Dilma Rousseff on trial, South America’s biggest economy may well see its political leadership shift into the hands of current vice president Michel Temer. What, thus, is to be expected from a potential Temer Administration? A vote in the Senate that could force embattled … Continue reading
By Edwin Nieves On July 7th 2014, the Hong Kong Nicaragua Development Group (HKND) announced the approval of a plan to build a canal linking the Pacific and Atlantic Oceans through Nicaragua, roughly one hundred years after the United States completed the Panama Canal[1]. The Nicaraguan enterprise would be the largest civil engineering feat in … Continue reading
As the crisis in Venezuela deepens, its largest brew maker has suspended the production of beer and other malt beverages on Friday amid a spat with the government over the access to foreign currency. Cervecería Polar, Venezuela’s largest private company and largest beer maker, with over 70 years in operation, had warned that it would end production as the socialist government was refusing … Continue reading
By Pepe Escobar Soon after the impeachment motion against President Dilma Rousseff was approved in the Brazilian Congress by what I chose to call Hybrid War hyenas, President-in-Waiting Michel “Brutus” Temer, one of the coup’s articulators, dispatched a senator to Washington as special paperboy to deliver the news on the coup in progress. The senator in question … Continue reading
First it was the three-day weekend; now it’s the two-day working week. Crippled by drought, Venezuela’s government has taken drastic measures as water levels at the country’s largest hydroelectric dam plunge to critical levels. At the beginning of April, the Socialist president, Nicolás Maduro, decreed Fridays non-working days for public sector staff, and on Monday … Continue reading