Explosion Goes off in Santiago Metro
An explosion at a fast food restaurant in Santiago, Chile on Monday injured 14 people and has led Chilean authorities to investigate a potential terrorist attack. No one has claimed responsibility for the blast, which occurred at a mini mall next to the Escuela Militar metro station in the residential Las Condes neighborhood. The station … Read more
Monday Memo: U.S. Immigration – Petrobras Scandal – Francisco Flores – Private Equity – Chile’s September 11
This week’s likely top stories: Barack Obama delays executive action on immigration; a former Petrobras director names 40 politicians in scandal; former Salvadoran President Flores turns himself in; private equity fundraising in Latin America this year could reach $8 billion; Chileans remember September 11, 1973. Immigration reform stalled: U.S. President Barack Obama’s promise to use … Read more
Chilean Government Commits Millions to Valparaiso Restoration
On Wednesday morning, Chilean President Michelle Bachelet pledged $510 million for the restoration of Valparaiso after large wildfires devastated parts of the city in April. The blazes lasted several days and killed 15 people and destroyed or damaged at least 15,000 homes in the port city, which was named a UNESCO World Heritage Site in … Read more
Rousseff and Silva Battle in Second Presidential Debate
Presidential hopeful Marina Silva of the Partido Socialista Brasileiro (Brazilian Socialist Party—PSB) and incumbent President Dilma Rousseff of the Partido das Trabalhadores (Worker’s Party—PT) harshly criticized each other’s economic plans, leading to tension during yesterday’s second presidential debate. The Partido da Social Democracia Brasileira (Party of Brazilian Social Democracy—PSDB) candidate Aécio Neves and five other … Read more
Teacher Strike Continues in Paraguay
Teachers continue to strike in Asunción, Paraguay today, demanding salary increases and greater public investment in education. The strike began across the country yesterday after continuing labor negotiations between the Paraguayan Ministry of Labor and representatives from the education sector failed to reach an accord on Tuesday. Several streets were closed due to the protests … Read more
Major Student Protest in Chile Ends in Violence
Thousands of students marched in the streets of Santiago and other cities throughout Chile yesterday to express their impatience with the lack of progress made on education reform—a key promise made by Chilean President Michelle Bachelet after she was reelected in 2013. The Universidad de Chile’s (University of Chile) student organization Federación de Estudiantes de … Read more
Monday Memo: Marina Silva – Colombian Peace Talks – Mexican Energy – Julian Assange – Toxic Spill in Mexico
This week’s likely top stories: Marina Silva agrees to face Dilma Rousseff in Brazil’s presidential election; victims of Colombia’s armed conflict speak to peace negotiators; Mexico will announce new energy projects; Julian Assange plans to leave Ecuador’s embassy “soon”; classes in Mexico are suspended due to a copper mine’s toxic spill. Marina Silva agrees to … Read more
Brazil’s Eduardo Campos Killed in Plane Crash
Brazilian presidential candidate Eduardo Campos and six other people were killed Wednesday morning when the plane they were traveling in crashed in the coastal city of Santos in São Paulo state. Brazilian television reports said that the plane, a Cessna 560XL, struggled in bad weather and hit a three-story building in the neighborhood of Boqueirao, … Read more
Chilean Gang Pulls off Record Theft
Eight masked gunmen disguised as airport workers robbed an armored money transportation truck at Arturo Merino Benítez International Airport in Santiago on Tuesday, stealing over 6 billion pesos ($10 million)—the largest robbery in Chile’s history. The truck belonged to the U.S. security firm Brinks, and the money was due to be a loaded onto a … Read more
Argentina: ¿En Default?
El “default” de Argentina tiene tantas lecturas como tenedores de bonos argentinos hay en EEUU. La apreciación sobre si el país está o no en cesación de pagos ha extendido el debate económico al campo político, en donde el concepto “soberanía” se ha agitado de manera preponderante por el gobierno de Cristina Fernández de Kirchner. … Read more
Monday Memo: Santos’ Cabinet – Venezuela-Colombia Border – Codelco – Argentine Ex-Captain Deported – Pemex Fire
This week’s likely top stories: President Juan Manuel Santos announces new ministers; Venezuela and Colombia crack down on smuggling; Codelco’s CEO has new plans for Chuquicamata Mine; Bolivia deports an Argentine accused of crimes against humanity; a fire at a Pemex refinery kills at least four people. President Santos to announce new Cabinet: Colombian President … Read more
Founder of Abuelas de la Plaza de Mayo Reunited with Grandson
After 36 years of searching, Estela de Carlotto, president and founder of the Abuelas de la Plaza de Mayo (Grandmothers of the Plaza de Mayo) was reunited with her grandson in a private meeting in La Plata on Wednesday evening. Ignacio Hurbán, named Guido Montoya Carlotto by his biological mother, discovered his true identity after … Read more
Paraguay and Indonesia: New Possibilities for Closer Cooperation
On November 29, 2014, Paraguay will celebrate the 33rd anniversary of its establishment of diplomatic relations with the Republic of Indonesia, the world’s fourth-largest nation with over 250 million people. Indonesia is one of the Next Eleven (N-11) Economies, and together with Paraguay, is also a member of the Group of Eleven (G11), whose efforts … Read more
Brazil’s INOVAR: Building an Entrepreneurship Ecosystem
Lately, Brazil has been in the business of building things from the ground up. From stadiums that hold millions of people to entire market ecosystems, this is challenging work for a government. In anticipation of the World Cup, Brazil received heavy criticism for its infrastructure development. However, Brazil’s efforts at developing an entrepreneurship ecosystem have … Read more
Mexico’s Energy Reform: Lessons from Colombia and Brazil
In the early 2000s, Colombia’s oil industry was weakening. There had been a decrease in new discoveries, followed by a decline in production from a peak of 800,000 barrels per day (b/d) in 1999 to nearly 550,000 b/d in 2004. Exploration and production had moved to increasingly remote areas with higher security risks and risky … Read more
