In 2009 the country removed then President, Manuel Zelaya, from power for attempting an unconstitutional takeover inspired by the support of leftist Hugo Chavez in Venezuela. In February, the country’s legislature moved to implement special economic zones with the hopes of creating a framework which would allow for growth which would eventually mimic the unqualified…
Venezuela has been predominantly Catholic for roughly half a millennium since the Spanish conquest. Iran has been under Muslim control for nearly one and a half millennium. Venezuelans speak Spanish. Iranians speak Arabic languages. Yet recently, Hugo Chavez has been currying favor with the mullahs of Iran.Tehran is geographically located 7319 miles from Caracas as the…
According to a recent article published at Mercopress.com, economist Carlos Melconian stated that rather than consulting with Economists to determine a solution to Argentina’s economic riddles, authorities should consult with a psychologist to better understand the workings of the country and its economy. Despite increased consumption and an apparently growing economy, the country is experiencing serious…
Today 10 year Spanish bonds ended the day at 6.69%, while Chilean bonds closed just a little over 2%.
Chilean rail transport is operated entirely by Empresa de los Ferrocarriles del Estado (EFE) through subsidiaries. Since creation in 1884, the company expanded to its present monopolistic state. Oddly, Chilean rail gauges are not standardized within the country, although the gauges have been segregated in the north and south of the country. Rail lines in…
United States ambassador Heather Hodges was removed by the administration of Ecuadorian President Rafael Correa on the 4th of April, 2011. A leak revealed by Wikileaks reportedly revealed that a State Department cable implied that Correa appointed a General, Jaime Hurtado, despite having knowledge that Jaime had “used his positions to extort bribes, facilitate human…
Mari Carmen Aponte was appointed by the Obama administration as Ambassador to El Salvador. Because she has been a controversial appointment, twice rejected by the US Congress, Obama appointed her while the Congress was not in session to avoid a traditional confirmation. Almost immediately after beginning her tenuous tenure, Ms Aponte exposed the justification for…
Along with Bolivia, Ecuador is a country which recognizes the right of native ethnic groups to assume affiliations within the formal state. In 2009, Bolivia’s controversial constitution formal bestowed this right to it’s indigenous population. In Ecuador, these countries-within-a-country are represented by criollos, mestizos, and Afro-Ecuadorians across the country. Ecuador officially recognized these groups, and granted them certain rights…
On the 25th of January 2009 Bolivia’s controversial constitution was approved by a reported 61% of voters in a referendum. In response to plans by Bolivian president Evo Morales to redistribute wealth from the more industrialized southern Santa Cruz Department, efforts began in May of 2008 in regions to hold referendums with the intention of…
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