The Colombus Day Carnival of Latin America & the Caribbean

Crossposted
Welcome to the Carnival of Latin America and the Caribbean. If you would like your posts included, please email me: faustaw2 "at" gmail "dot" com.

The big news this week: the world-wide liquidity crisis. Via The Perplexed Investor, Latin American Banks Use Reserves to Save Currencies

Oct. 9 (Bloomberg) -- Latin American central banks are being forced to draw on record foreign reserves built up during the six-year commodities rally to stop their currencies from sinking in the worst financial crisis since the Great Depression.

Brazil sold dollars for the first time in five years and Mexico sold $2.5 billion in the spot market between yesterday and today, helping their currencies pare losses. Chile may follow suit, Barclays Capital analyst Rodrigo Valdes said.

The worst currency meltdown in Latin America since the emerging-market economic crises of the 1990s is causing companies' dollar debts to swell as well as sparking derivatives losses, and may stoke inflation. The decision to intervene came after central banks in the U.S., Europe and Canada cut interest rates in a coordinated effort to boost confidence.

LATIN AMERICA
An Introduction to Spanish Irregular Verbs

ARGENTINA
Fishy business: Patagonia’s troubled waters

Argentina’s entry fee

Del dinero burbuja y otros ensayos

BOLIVIA
Bolivia Spirals Toward Crisis

Ecuador and Bolivia Do Not Deserve Preferential Trade Extension

BRAZIL
Pointers to the presidency: A good day for São Paulo’s governor

Brazil poised to be an oil superpower

COLOMBIA
Via IBD Blog, 'Colombia cheated negotiating guerrillas'

Soñar no cuesta nada

Diplomatic breach widens between Colombia, Ecuador

CUBA
In food crisis, Cuba limits sales so all can eat

US is racist, El Coma Andante declares

Fidel the blogger

ECUADOR
An Andean arc of crisis

USA Democratic Party Called Now to Declare Allegiances to Liberty or Andean Narco-communism

The New, Bizarre Constitution of Ecuador
[Analysis] Panentheism, political correctness, nationalized oil, and claims on Antarctica

JAMAICA
An article I missed from last month, McCain and the Caribbean

MEXICO
Hello, Mexico? We need advice

PERU
Protesters decry Peru corruption

PUERTO RICO
Strong quake shakes Virgin Islands, Puerto Rico

VENEZUELA
La flota rusa que viene hacia Venezuela ya está en Libia The Russian fleet heading to Venezuela stops over in Libya

Revisiting the China syndrome

The Miami Venezuelan Maletagate trial part XIII: The defense calls a friendly and unethical witness to help Duran

Ayers has not left radicalism behind

Protestas hoy en la UCAB

World War III knocking at our door

Dmitry's Diatribe
Chavez, Ahmadinejad, Medvedev.

Venezuela's oil production falls under Chavez

And one for Columbus Day, Chávez arremete contra Cristóbal Colón, pero pide que no “destruyan sus estatuas”

AMERICAN POLITICS
Obama - Soros - South American Socialism

Congressional Endorsements - Lincoln vs Raúl

What’s in a name?

Via IBD Blog, Venezuela's Chavez Says CIA Has Offices in State of Zulia

Report: Obama's Girlfriend Banished to Caribbean by Angry Michelle

Special thanks to Jeff, Kate, Larwyn, Maggie and Maria

This week’s podcast and posts
Bolivia, from bad to worse

Venezuela’s crackdown





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