Día de las Glorias Navales is a public holiday celebrated on the 21st of May in Chile to commemorate the Battle of Iquique fought between Peru and Chile on May 21, 1879 during the War of the Pacific. While the battle ended as a victory for Peru, they lost their ironclad ship, the Independencia, which was one of…
Cristina Fernández de Kirchner was recently reelected with just 54% of the popular vote despite a struggling economy, reports of lavish corruption, and inflation at unofficial rates nearing %25 (vs. 10% officially). Presumably, the president has drawn attention to the century old dispute with Britain over the Falkland Islands, and has been trying to gin…
Since the year 2000, the government of Ecuador has instituted a policy instating the United States dollar as the official currency of Ecuador. El Salvador, likewise, instituted a policy instituting the United States dollar as their official currency in 2001 thereby becoming the third Latin American country to use a foreign money as their official…
While the “Economic Miracle” of Chile is often tied to the Dictator Augusto Pinochet, the program and ideas which contributed to the stabilization and rapid growth of Chile’s economy began independently, …
Just before Midnight on Monday, Chile was shaken by an earthquake which would be paralyzing to many regions in the world. In August of 2011, a 5.8 registered just outside of Virginia in the Unites States forced office closures, and evacuations in the nation’s capital. With an epicenter just 260 from the largest city in…
Argentina has lurched closer to becoming what could be described as a Fascist nation after “Peronist” president Cristina Fernández de Kirchner announced the nation’s intentions to nationalize the largest oil company in the country yesterday. Combined with rabble rousing rhetoric dredging up the impotent claim to the Falkland Islands, and a tightened control of the…
“The record of history is absolutely crystal clear, that there is no alternative way so far discovered of improving the lot of the ordinary people that can hold a candle to the productive activities that are unleashed by the free-enterprise system.” ― Milton Friedman
With 3,266,199 square miles of terrestrial territory, Brazil is the 5th largest country by landmass behind Russia, China, and the US of A. While Russia is in a league of its own with two and a half million square miles more than the second largest country in the world, with just 428,761 additional square miles…
Even as the country looks forward to hosting both the 2016 Summer Olympics and the 2014 FIFA World Cup, tourism brought 5.4 million visitors in 2011, and with those visitors an additional $6.775 billion added to the economy. According to a 2011 study by the Travel and Tourism Competitiveness Index (TTCI) which looked at attractiveness…
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