Southern Cone & Brazil Archives - Page 78 of 90

Who Doesn’t Spy?

“Nations be spyin’, yo!” That’s how Jon Stewart of The Daily Show recently summed up the ongoing-and-ever-expanding allegations that the U.S. National Security Agency spied on Brazil and other nations, a story to which Wikipedia now devotes more than 33,000 words and nearly 600 source references. “All nations act in their own self-interest,” Stewart said on … Read more

Rio Soccer Convention Cancelled Amid Fears of Unrest

The Rio de Janeiro state government announced on Tuesday night that it would cancel this year’s Soccerex Global Convention, the premier business event for the international soccer community, citing a financial dispute over the use of public funds. But Soccerex CEO Duncan Revie rebuffed the government’s claim, saying instead that “ongoing civil unrest” in Rio … Read more

Clarín Group Adheres to Argentine Media Law

Clarín Group, Argentina’s largest media conglomerate, announced plans Monday to divide its operations into six subsidiary companies, in compliance with the country’s Ley de Medios (Media Law). The anti-monopoly law was upheld by the Argentine Supreme Court last week after four years of legal disputes between Clarín and the federal government. Clarín representatives said the … Read more

Monday Memo: Brazil’s Economy – Argentine Debt – Tropical Storm Sonia – Honduran Police Abuses – Uruguayan Marijuana

Likely top stories this week: Brazil will reduce lending by 20 percent next year; Argentina wins a stay on its $1.33 billion payment; Tropical Storm Sonia Hits Mexico; Honduras’ police chief denies abuses; Brazilian delegation opposes Uruguayan marijuana legalization. Brazil to Reduce Lending Due to Budget Deficit: Brazilian Finance Minister Guido Mantega said Friday that … Read more

Barrick Halts Production At Mine on Argentina-Chile Border

Barrick Gold Corporation, a Canadian mining company and the world’s largest gold producer, announced Thursday that it has temporarily halted operations at its Pascua-Lama gold mine in the Andean border region between Argentina and Chile. Production was scheduled to begin by early 2014, but environmental regulations, depreciating gold prices and declining company profits led to … Read more

Peronism Divided: Argentina’s 2013 Midterm Elections

Voters in Argentina’s October 27 midterm elections delivered a clear message to the country’s politicians on Sunday: they are ready for change. The incumbent, Peronist-affiliated Frente Para La Victoria (Front for Victory—FPV), led by President Cristina Fernández de Kirchner, suffered key losses as the country voted on available seats in one-third of the Senate and … Read more

Argentine Court Rules against Clarín Group

Clarín Group, Argentina’s largest media conglomerate, will have to sell off part of its holdings due to a Supreme Court ruling handed down on Tuesday. The high court declared constitutional the four articles of the Ley de Medios (Media Law), Argentina’s anti-monopoly broadcast law that congress passed four years ago but has stalled in the … Read more

Monday Memo: Argentine Midterms – UN Anti-Spying Measure – U.S. Immigration – Paraguay and Mercosur – FARC Releases Captive

Likely top stories this week: Argentine opposition gains influence in midterms; Brazil and Germany lead a UN anti-spying initiative; lobbyists push for U.S. immigration reform; Paraguay to represent Mercosur in negotiations with EU; hostage Kevin Scott Sutay is released by the FARC. Argentines Vote in Midterm Elections: With 72 percent of the votes counted in … Read more

Snubbing the U.S., Brazil Turns its Foreign Policy to the Global South

Brazil’s postponement of its White House state dinner–seen as a long-awaited wedding ceremony for the two countries after a very drawn out courtship–may signal more than just President Rousseff’s anger with revelations that the U.S. National Security Agency (NSA) had been spying on her personal life and Petrobrás, the state oil company. Since the postponement … Read more

Monday Memo: Protesters & Police Clash in Brazil – Train Crashes in Buenos Aires – Hurricane Raymond Nears Mexico – Bachelet Leads Polls in Chile – U.S. Surveillance in Mexico

Likely top stories this week: Protesters clash with Brazilian police forces in Rio de Janeiro; A commuter train crash injures 30 in Buenos Aires; Hurricane Raymond builds strength near Mexico’s Pacific coast; Michele Bachelet leads the polls in next month’s presidential elections in Chile; Newly leaked documents reveal that the U.S. spied on former Mexican … Read more

Is Brazil the New Regional Champion of Democracy?

Addressing the United Nations General Assembly in September 2010, U.S. President Barack Obama appealed to rising democracies around the world to help spread the democratic message, declaring that “we need your voices to speak out,” and reminding them that “part of the price of our own freedom is standing up for the freedom of others.”1 … Read more

Capital Controls:Investment Flows in Latin America

Capital control policies in emerging market (EM) economies have fluctuated for the past two decades as markets have responded to changing global dynamics. This continues to be the case in 2013. The term capital controls refers to a wide array of tools policymakers use to limit the flow of capital in and out of their … Read more

Prost, Brazil!

Grab a stein-full of caipirinha and stroll down to Ipanema beach in your lederhosen—it’s Germany-Brazil Year in Brazil. The yearlong festival, aimed at deepening German-Brazilian relations, kicked off in May with the opening of the German-Brazilian Economic Forum in São Paulo. “Brazil is one of the most successful new centers of power in the world,” … Read more

Missed Opportunity?

For the past five years, Argentina’s current government and the Clarín Group, the country’s principal media conglomerate, have been on a collision course. President Cristina Fernández de Kirchner has denounced the group on national TV for having once been “partners” with the military dictatorship and accused its executives of plotting against her. Meanwhile, Clarín, the … Read more