AQ Slideshow: Climbing Aconcagua, the Summit of the Americas
Mila Marlina is the unlikeliest of mountaineers. At 4’9” and 82 pounds, she is about the size of a large backpack. The 42-year-old is from coastal Indonesia, where the climate is tropical and the culture doesn’t encourage a wife and mother to disappear for weeks into the mountains. Yet this season, Marlina was one of … Read more
Argentina’s Debt: A Conflict of Principles
The reverberations of Argentina’s loss in NML Capital Ltd. vs. Republic of Argentina continue. The conflict stems from a 2012 decision by United States District Court for the Southern District of New York (SDNY) Judge Thomas Griesa in a case brought by the hedge fund NML Capital Ltd. and others (NML), over $1.3 billion of … Read more
What’s Putin’s Game in the Western Hemisphere?
Click here to read a sidebar on Russian arms sales to Latin America. Haz click aquí para leer una versión de este artículo en español. When President Vladimir Putin announced plans to visit Latin America, most observers would have been right to conclude that it reflected Russia’s renewed interest in building ties with a region … Read more
Argentine Judges Decline to Hear Case against President Fernández de Kirchner
On Monday, Argentine Judges Ariel Lijo and Daniel Rafecas turned down the case of late prosecutor Alberto Nisman against President Cristina Fernández de Kirchner, alleging that the president participated in a cover-up plot surrounding a 1994 terrorist attack in Buenos Aires. After investigating the case for over a decade, Prosecutor Nisman presented an indictment for … Read more
Monday Memo: Colombia FARC Amnesty— Haiti Prime Minister — Argentina Railway — Venezuela PetroCaribe — U.S. Police Brutality
This week’s likely top stories: Colombians march against possible amnesty for FARC; Haitian Prime Minister Laurent Lamonthe steps down; Chinese railroad company wins $275 million in orders from Argentina; Venezuela seeks to expand PetroCaribe despite its fragile economic situation; Thousands gather across the U.S. in anti-police brutality protests. Uribe Leads Protest Against Possible FARC Amnesty: … Read more
Argentina Creates New Regulatory Body for Foreign Trade
The Argentine government published a decree on Monday that establishes the Unidad de Seguimiento y Trazabilidad de las Operaciones de Comercio Exterior (Tracking and Tracing of Foreign Trade Transactions Unit), which will monitor the flow of goods, services, and currency into and out of the country. According to Decree 2103/2014, the new agency will operate … Read more
Business Innovator: Diego Saez-Gil
Sitting in a dingy Internet café in a strange city and paying in 15-minute increments to use a computer is no traveler’s idea of fun. After backpacking through 23 European countries, Argentine-born Diego Saez-Gil knew there had to be a better alternative. The advent of smartphones inspired him to invent one: an app that could … Read more
DIY Wine
Like many wine aficionados, José Manuel Ortega Gil-Fournier wondered what it would be like to bottle his own varietal. To turn his dream into a reality, the Spanish-born investment banker left his successful career to start his own vineyard. But this venture came with an innovative entrepreneurial twist. Launched in 2012, his O. Fournier Wine … Read more
Monday Memo: Ecuador Amendments — P&G Tax Fraud — Brazil Solar Parks — U.S. Midterm Elections – Colombia Paramilitary Sentenced
This week’s likely top stories: Ecuador’s National Assembly dismisses referendum on controversial constitutional amendments; Argentina suspends Proctor & Gamble for fiscal fraud; Brazil grants contracts for 31 new solar parks; U.S. gears up for midterm elections and immigration reform; Colombian court sentences AUC paramilitary leader to 8 years. Ecuador’s National Assembly Strikes Down Referendum on … Read more
Argentine Congress Passes Energy Bill, Opens Door for Shale Gas Development
Argentina’s Chamber of Deputies passed a bill yesterday that updates the country’s 47-year-old hydrocarbon law. The bill, which has President Christina Fernández de Kirchner’s support and has already been approved by the Senate, would ease foreign investment in energy exploration and production. Significantly, it includes regulations for off-shore and shale gas production—categories that were not … Read more
Argentine Bishop Urges Faithful to Assist in Search for Dirty War’s Kidnapped Children
The President of the Episcopal Commission for Social Pastoral Work in Argentina, Bishop Jorge Lozano, issued a call on Wednesday urging the country’s faithful to share information they may have regarding the fate of the children kidnapped during Argentina’s “Dirty War.” In the document, Bishop Lozano notes that, “There has been a network of silence … Read more
U.S. Judge Holds Argentina in Contempt
At a hearing yesterday, U.S. Federal Judge Thomas Griesa decided to hold Argentina in civil contempt of court, asserting that the country’s recent efforts to circumvent his ruling on debt repayment are illegal. Argentina’s Congress passed a law on September 11 that would replace Bank of New York Mellon Corp. as a bond trustee with … Read more
Shale Gas Development in Latin America
New technology and capital has boosted shale gas and tight oil production in the United States and Canada—a phenomenon dubbed the “shale revolution.” This revolution has important geopolitical implications and has shifted North America’s energy outlook from one of scarcity to one of abundance. The rest of the Western Hemisphere is also sitting on expansive … Read more
Will the Shale Gas Revolution Solve Argentina’s Economic Woes?
As the shale gas revolution sweeps across Latin America, many governments are beginning to see the industry—and the significant influx of foreign investment—as a quick stimulus to their sluggish economies. Argentina is no exception—with an estimated 16.2 billion barrels of shale oil and 308 trillion cubic feet (TCF) of shale gas in the Vaca Muerta … Read more
Argentine Doctors Tried for Involvement in Dictatorship
Three Argentine medical professionals that participated in the clandestine delivery of babies born to female prisoners during the military dictatorship from 1976 to 1983 will be prosecuted for the first time this week. Doctors Norberto Bianco and Raúl Martín, obstetrician Luisa Arroche, as well as former dictator Reynaldo Bignone and retired military general Santiago Riveros … Read more
