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The official blog of Fausta's Blog Talk Radio show.

Monday, October 27, 2008

The plundered pensions Carnival of Latin America and the Caribbean


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

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

Argentina Allows Pension Funds to Resume Trading

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

If it feels good, do it!

Cristina's looking-glass world: A plan to nationalise private-pension funds looks like a cunning but short-sighted government effort to stave off another debt default

Asco de gente

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 Lucianne, Bolivia's president to undergo nasal surgery

Licensed to scribble: An end to journalism’s closed shop?

Brazilians vote in key city polls

Consumer groups call on FDA to test Chilean salmon

Suspected Hezbollah Operatives Nabbed in South America, Congress Should Approve FTA

Huge cocaine bust in Colombia

Colombian army frees Farc hostage but he says he escaped with his guard: Farc hostage escapes with guard

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

Colombia's indigenous protest against Uribe

Small explosions wound 18 in Colombian capital

Surprise! Cuban DGI helped Ayers and the Weather Underground

Hirám González Torna, Cuban Political Prisoner of the Week, 10/26/08

Vicious attack turns couple’s dream trip to nightmare: Oregon man critical but stable after being stabbed on Ecuadorian beach

Iran's Financial Scams: Ecuadorean Fiscal Astroturffing for Criminals

Read about Fusion Technology's dealings in Haiti: Democrats for Despotism Party figures had a profitable relationship with Haiti's dictator. Video at the article.

Illegal immigration, and Jamaican ganja for Haitian guns: Haiti and Jamaica's deadly trade

Declining conspicuous consumption for drug thugs

Mexican Senate Passes Energy Reform

Return of Peru's Shining Path as terror movement kills 19 soldiers

Jaime Bayly, in Spanish, talking about South Park’s Andean bands

Via Jeremayakovka, The Republican Party of Pennsylvania and PA's Secretary of State are trading barbs over voter registration.

Nearly 1,000 pounds of coke seized in Puerto Rico

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

Via Venezuela News and Views, Sacrificios bolivarianos

U.S. Treasury Designation Targets Iran's WMD Financing, Alliance With Venezuela

News from Europe: thumbs down on Chavez

Chavez' folly: He owns and controls everything, but they don't work. It can only get worse

A letter to Sean Penn

"I was born in Colombia, but I was made in the USA"

The more things change: The neighbours’ tepid enthusiasm for Barack Obama

The Conservative Rebellion

Would There Be Change in Obama's Americas Policy?

More news on Latin America at Wall Street Journal en español and HACER

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 Caracas

Special thanks to Eneas, Larwyn, Maggie and Maria.

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