Category: S&C Am / Caribbean

Argentines Are Once Again Voting For More Inflation
3. 9. 2022 No Responses

Argentines Are Once Again Voting For More Inflation

On July 2, Martín Guzmán, Argentina’s Minister of Economy, finally resigned. Guzmán, who holds a PhD in economics from Brown University and studied under Joseph Stiglitz, had originally been introduced as the “rational” element of the left-wing coalition that came...
read more
Argentina’s Government Collapsing, People Refuse To Work
29. 7. 2022 No Responses

Argentina’s Government Collapsing, People Refuse To Work

The impoverished South American country struggles to repay its US$44 billion dollar debt with the International Monetary Fund amid rampant inflation and social unrest. Protests have erupted in Buenos Aires over the past 90 days and continue to build inside...
read more
Argentina Approves Wealth Tax On Millionaires
20. 11. 2020 No Responses

Argentina Approves Wealth Tax On Millionaires

In an early glimpse of what wealth redistribution will look among developed nations in coming years, on Wednesday the lower house of Argentina’s Congress approved a bill seeking to raise 300 billion pesos ($3.75 billion) through a tax on the...
read more
Failed American Invasion Attempt In Venezuela
5. 5. 2020 No Responses

Failed American Invasion Attempt In Venezuela

An astounding and unexpected development which is about to launch US regime change efforts in Venezuela straight back into the headlines. The Maduro government says it has captured two Americans who were leading a ‘Rambo-style’ armed coup effort. ...
read more
Italian court jails 24 over South American Operation Condor
9. 7. 2019 No Responses

Italian court jails 24 over South American Operation Condor

An Italian court has handed life sentences to 24 ex-officials from South America over their role in Operation Condor. It’s estimated that thousands of people were murdered under the secret US-backed campaign. Judges in Rome’s Court of Appeal on Mon...
read more
Venezuela refuses to become a 68th overthrown sovereign government
3. 3. 2019 No Responses

Venezuela refuses to become a 68th overthrown sovereign government

During the good old days, Chavez was probably the most popular politician on the planet, having won eight elections and country wide referendums in eight years. Nicolas Maduro was a close confidant of Chavez. Maduro stood for election last May 2018. Many o...
read more
When prices are distorted, smugglers have busy days
16. 2. 2019 No Responses

When prices are distorted, smugglers have busy days

Smugglers take advantage of distortions in socialist economy, pocketing 1,000% profit, Venezuelans smuggle out subsidised food. Amid the political turmoil of Washington’s attempted coup, Venezuela’s socialist experiment has sparked an entrepreneu...
read more
Flotilla of tankers with Venezuelan oil stranded in Gulf of Mexico
5. 2. 2019 No Responses

Flotilla of tankers with Venezuelan oil stranded in Gulf of Mexico

The Suezmax sized oil tanker Karvounis lies at anchor stranded off the coast of Louisiana for lack of a bank letter of credit to discharge its cargo of Venezuelan heavy crude, south of Port Fourchon. A flotilla loaded with about...
read more
EU Parliament lectures world on rule of law, then destroys legality in Venezuela
2. 2. 2019 No Responses

EU Parliament lectures world on rule of law, then destroys legality in Venezuela

It’s a some degree of moral disgrace when the EU Parliament, which lectures the world on the need to respect the rule of law, uses legal language to tell lies about the legality of the situation in Venezuela, and to...
read more