Showing posts with label debt. Show all posts
Showing posts with label debt. Show all posts

Monday, October 17, 2016

Daily Headlines: October 17, 2016


* United States: A poll of likely Latino voters conducted last week has respondents giving Hillary Clinton a fifty point cushion over Donald Trump in a four-way race for the United States presidency.

* Honduras: The White House gave the green light for $55 million in aid to Honduras despite reservations by the Obama administration over rampant corruption and narcotrafficking.

* Ecuador: “I cannot disclose any information,” said a contact at the Ecuadoran embassy in London when asked if internet access to Wikileaks founder Julian Assange was purportedly cut off.

* Puerto Rico: A new federal oversight board monitoring Puerto Rico’s public finances granted themselves more powers, while outgoing governor Alejandro Garcia Padilla warned that the commonwealth could face a $59 billion public debt over the next ten years.

YouTube Source – PBS NewsHour 

Online Sources – Bloomberg, Fox News Latino, BBC News, Politico

Tuesday, October 4, 2016

Daily Headlines: October 4, 2016


* Honduras: The case file focused on the murder of prominent Honduran human rights activist Berta Cáceres was stolen last week, which will likely impede efforts to identify the masterminds behind her death.

* Latin America: At least three people died on the island of Hispaniola as Hurricane Matthew continued its northward path through the Caribbean, while Bolivia is facing its worst drought in a quarter century.

* Argentina: Researchers in Argentina believe the first people to reach the southern area of the American continent may have occurred thousands of years than initially believed.

* Puerto Rico: A seven-member panel appointed by the United States government began its oversight of Puerto Rico’s public finances in an effort to prevent worsening the estimated $70 billion debt on the commonwealth.

YouTube Source – euronews (Video uploaded in March 2016). 

Online Sources – Fusion, Reuters, Smithsonian, Christian Science Monitor

Thursday, July 21, 2016

Daily Headlines: July 21, 2016


* South America: The Copa Libertadores title is up for grabs and will be decided in Medellin next Wednesday as Independiente del Valle of Ecuador and Colombia’s Atletico Nacional tied 1-1 in the first leg of the finals.

* United States: A federal appeals court ruled that that the voter ID restrictions in Texas violated the federal Voting Rights Act by discriminating against the poor and minorities like Latinos.

* Mexico: Pedro Rosas Tamayo, a Mexican journalist who received death threats and was purportedly under police protection, was shot and killed at his home in Veracruz.

* Puerto Rico: Several hedge funds who are bondholders of Puerto Rico’s multi-billion dollar debt filed a lawsuit against the Governor Alejandro Garcia Padilla and the government of the commonwealth.

YouTube Source – Fox Deportes

Online Sources – SBS, Fox News Latino, teleSUR English, Bloomberg

Wednesday, July 13, 2016

Daily Headlines: July 13, 2016


* Paraguay: A Paraguayan court sentenced eleven farmers to a maximum of thirty years in prison for the deaths of policemen during land rights protests that were the catalyst for the ouster of ex-President Fernando Lugo.

* Ecuador: Human rights groups criticized the Ecaudoran government’s decision last week to deport 75 Cuban migrants arrested for protesting outside the Mexican embassy in Quito.

* Puerto Rico: Governor Alejandro Garcia Padilla of Puerto Rico warned that the commonwealth still faces major fiscal challenges despite the recent approval of a law providing relief to the $70 billion public debt.

* Latin America: Officials from Mexico and the United States agreed on a plan to improve access to asylum for Central American migrants seeking to escape rampant violence and economic hardship in their respective countries.

YouTube Source – Al Jazeera English (From March 2014: “Thousands of Paraguayan farmers have gathered outside the country's Congress in Asuncion to vent their frustration at (then) President Horacio Cartes, who they say has failed to deliver on land reform promises.”)
 

Online Sources – BBC News, ABC News, Reuters, The Guardian

Wednesday, June 22, 2016

Daily Headlines: June 22, 2016


* Colombia: The Colombian government and FARC rebels will reportedly agree to a bilateral ceasefire, which could serve as a precursor to a final peace deal that might be reached in about one month from now.

* U.S.: Lionel Messi broke the record of most goals for a player on the Argentine men’s national team as the albiceleste had little trouble beating the U.S. by a score of 4-0 in a Copa America Centenario semifinal.

* Mexico: Tensions continue in the Mexican state of Oaxaca following clashes between striking teachers and police that left at least eight people dead.

* Puerto Rico: Debt negotiations between Puerto Rican officials and bondholders ended without a resolution despite a July 1st deadline to avoid falling into a major default.

YouTube Source – euronews (Last month “the Colombian government agreed on a plan to reintegrate child soldiers from the Revolutionary Armed Forces of Colombia, or FARC, into society”.)
 

Online Sources – BBC News, UPI, Bloomberg, CNN, Reuters

Tuesday, June 21, 2016

Daily Headlines: June 21, 2016


* Venezuela: Moody’s credit agency warned that Venezuela could fall into a debt default this year starting with state-owned oil giant PDVSA.

* Brazil: More concerns over the upcoming Rio Olympics center on security following the muggings of two Paralympics hopefuls from Australia and an attack on Rio’s largest public hospital.

* Cuba: Russian media reported that the government of that country plans to develop several “production faculties” in Cuba as the island could serve as a “window” for Russia to Latin America.

* Argentina: Argentina’s most wanted criminal could help reveal possible endemic corruption under the rule of ex-President Cristina Fernández de Kirchner.

YouTube Source – CNN

Online Sources – CBC, CNN, TASS, Bloomberg, InSight Crime

Tuesday, May 24, 2016

Daily Headlines: May 24, 2016


* Guatemala: Guatemalan prosecutors are considering a inaugurating a new office specializing in dealing with femicides in response to the 222 gender-based murders of women in the first four months of 2016.

* Puerto Rico: Democratic presidential hopeful Bernie Sanders railed against a bipartisan congressional plan backed by the White House to help restructure Puerto Rico’s $70 billion public debt.

* Peru: Polls indicate that Keiko Fujimori has widened her lead ahead of the June 5th presidential runoff despite corruption allegations within her campaign and concerns over the relation to her imprisoned father, ex-president Alberto Fujimori.

* Venezuela: Brazil’s acting foreign minister said his country and Argentina reportedly agreed to help mediate in Venezuela’s worsening political crisis.

YouTube Source – DW (English)
 

Online Sources – teleSUR English, Politico, Reuters, ABC News

Thursday, May 19, 2016

Daily Headlines: May 19, 2016


* Puerto Rico: Relief may finally arrive for Puerto Rico after House Republicans and the Obam administration agreed to a proposal that would help restructure the commonwealth’s $70 billion debt.

* Argentina: The revelations from the Panama Papers leak may have been an embarrassment for Panama and Argentine President Mauricio Macri but it could help alleviate the South American country’s financial woes.

* U.S.: A Government Accountability Office study released last Tuesday found that U.S. public schools have become more racially segregated including an increase in the percentage of Latino children enrolled in “impoverished K-12 public schools.”

* Mexico: Mexican authorities rescued 271 people, including 112 minors, of an overcrowded drug rehab clinic where patients were reportedly tortured and grossly mistreated.

YouTube Source – PBS NewsHour
 

Online Sources – NBC News, UPI, Reuters, The Latin Americanist, Bloomberg

Wednesday, May 4, 2016

Daily Headlines: May 4, 2016


* Argentina: Ex-Argentine Air Force chief Omar Graffigna is the latest former authority from the “Dirty War” period to go on trial for human rights abuses including the kidnapping and “disappearing” of dissidents.

* Venezuela: The probability that PDVSA could fall into default by the end of the year grew after the Venezuelan state-oil firm allegedly issued $310 million in debt to its suppliers.

* Honduras: Four people including two men purportedly linked to a controversial dam project were arrested for the murder of Honduran environmentalist and indigenous leader Berta Caceres.

* Colombia: The Colombian government once again refused to commence formal peace talks with the ELN unless the guerillas free all their hostages.

YouTube Source – AFP (Former “Dirty War” era political leaders and military officers accused of human rights abuses have gone on trial in recent years but one Argentine newspaper last November controversially called for an end to such proceedings).
 

Online Sources – Business Insider, Colombia Reports, NPR, BBC News

Monday, May 2, 2016

Daily Headlines: May 2, 2016 (Updated)

 
* Vatican: During his Sunday Angelus prayer from the Vatican yesterday, Pope Francis condemned pedophilia by Catholic priests, called on a peaceful solution to the conflict in Syria, and suggested a “model of development that takes into account human dignity.”

* Puerto Rico: Gov. Alejandro Garcia Padilla affirmed that Puerto Rico will fall into default today by being unable to make a $422 million payment on its approximately $70 billion public debt.

Update: Padilla and White House officials have urged the U.S. Congress to promptly approve a debt restructuring plan, especially prior to a July 1st deadline for payment of some $2 billion.
 
* Peru: Suspected Peruvian drug cartel leader Gerson “Caracol” Galvez was deported back to his home country following his arrest in Medellin, Colombia on Saturday.

* Nicaragua: The first twenty of fifty military tanks sold by Russia to Nicaragua were sent to the Central American country last week.
YouTube Source – teleSUR English (May Day rallies to honor workers were held worldwide last Sunday and Latin America was no exception). 

Online Sources including Update – Buenos Aires Herald, The Tico Times, Business Insider, Deutsche Welle, ABC News

Monday, April 25, 2016

Daily Headlines: April 25, 2016


* Puerto Rico: A bipartisan bill to help restructure Puerto Rico’s $70 billion debt continues to be stuck in the U.S. Congress even though a lack of legislative action prior to a May 1st payment deadline would compound the commonwealth’s already dire economic crisis.

* Argentina: On a related note, the Argentine government last Friday paid $9.3 billion to bondholders who were owed over the country’s $100 billion debt default in 2002.

* U.S.: Puerto Rican pugilist McWilliams Arroyo was able to last the distance with Roman "Chocolatito" Gonzalez but the Nicaraguan boxer easily retained his flyweight title and a perfect 44-0 record.

* Honduras: The daughter of murdered environmentalist Berta Cáceres called on European financial interests to halt funding several Honduran hydroelectric projects.

YouTube Source – Last Week Tonight

Online Sources – Bloomberg, Financial Express, ESPN, The Guardian

Thursday, April 21, 2016

Daily Headlines: April 21, 2016 (Updated)


* Latin America: The presidents of Mexico and Colombia each called out for reforming global antidrug efforts at the U.N. Drug Policy Summit though they face opposition from other leaders more satisfied with the status quo.

Update: Bolivian President Evo Morales also criticized the contemporary "war on drugs" efforts and urged states to take an approach that "respects human rights and national sovereignty."
 
respects human rights and national sovereignty

This content was originally published by teleSUR at the following address: 
 "http://www.telesurtv.net/english/news/Bolivias-Evo-Morales-Denounces-War-on-Drugs-at-UN-Summit-20160421-0027.html". If you intend to use it, please cite the source and provide a link to the original article. www.teleSURtv.net/english
respects human rights and national sovereignty

This content was originally published by teleSUR at the following address: 
 "http://www.telesurtv.net/english/news/Bolivias-Evo-Morales-Denounces-War-on-Drugs-at-UN-Summit-20160421-0027.html". If you intend to use it, please cite the source and provide a link to the original article. www.teleSURtv.net/english
* El Salvador: Salvadoran authorities unveiled a new special unit containing “600 army commandos and 400 specially trained elite police officers” aimed at combating rampant gang violence.

* Puerto Rico: Time is not on Puerto Rico’s side as the U.S. Congress continues to delay discussion on a plan to help restructure a $70 billion debt.

* Mexico: At least thirteen people died and 130 are injured following an explosion at a Pemex facility located in the Mexican state of Veracruz.

YouTube Source – The National

Online Sources including Update – Reuters, The Guardian, NBC News, Voice of America, Fox News Latino, teleSUR English

Thursday, April 14, 2016

Daily Headlines: April 14, 2016 (Updated)


* Cuba: Cruse ship giant Carnival has come under fire in the Cuban-American community after it emerged that the firm complied with a law in Cuba barring those who were born on the island to return there by sea.

Update: U.S. Secretary of State John Kerry entered the fray and criticized the "discriminatory policy" by the Cuban government.
 
* Argentina: A tribunal gave the green light for Argentina to move ahead with its first international bond sale in more than a decade as the country hopes to end to a legal battle over repaying debt from its $100 million default in 2001.

* Puerto Rico: Delays have hit a proposal in the U.S. Congress that could alleviate the Puerto Rican debt crisis and prevent an economic catastrophe on the commonwealth but that some legislators criticize as a bailout.

* Mexico: Is President Enrique Peña Nieto “putting his head in the sand”, as one critic claimed, by skipping a special U.N. General Assembly session on drug policy next week?

YouTube Source – Miami Herald (“A small group of protesters including Ramón Saúl Sánchez, president of the Democracy Movement, demonstrate outside the Carnival Corp. in protest of the ban by the Cuban government of Cubans and Cuban-Americans traveling to Cuba by sea.”)
 

Online Sources including Update – USA TODAY, ABC News, Reuters, Vice News, Fox News Latino

Monday, April 11, 2016

Daily Headlines: April 11, 2016


* Panama: As part of Panama’s campaign to save face in light of the “Panama Papers” leak, President Juan Carlos Varela in a New York Times op/ed piece tried to shift attention towards tax evasion as a “global problem.”

* Latin America: The Inter-American Development Bank anticipates a 0.3% contraction of the Latin American regional economy in 2016 and weak growth in the next few years.

* Argentina: Former Argentine President Cristina Fernandez de Kirchner might be charged in relation to an investigation into alleged money laundering.

* Puerto Rico: Gov. Alejandro Garcia Padilla ordered emergency financial measures aimed at preventing a default on a debt payment scheduled for May 1st.

YouTube Source – AFP (Over the weekend “police raided the El Salvador offices of the Panama-based law firm at the heart of the Panama Papers scandal that has revealed how the wealthy in many countries stashed their riches offshore”.)
 

Online Sources – Reuters, MercoPress, The Economic Times, Bloomberg, The Latin Americanist

Tuesday, April 5, 2016

Daily Headlines: April 5, 2016


* Brazil: Brazilian president Dilma Rousseff declared that none of her cabinet would be reshuffled prior to an upcoming impeachment vote that she has referred to as a “coup.”

* U.S.: Care to guess which U.S. presidential hopeful proposed preventing all remittances to Mexico in exchange for paying for the boondoggle that is a wall along the entire U.S.-Mexico border?

* Cuba: According to the Cuban Commission on Human Rights and National Reconciliation, 1416 arbitrary arrests took place last month in Cuba with roughly one-third of them occurring during U.S. President Barack Obama’s historic trip to the island.

* Puerto Rico: The Puerto Rican Senate approved a “sweeping” moratorium that would allow the government to prevent making payments on the island’s massive debt until January 2017.

YouTube Source – euronews

Online Sources – Reuters, Fox News Latino, BBC News, Bloomberg

Thursday, March 31, 2016

Daily Headlines: March 31, 2016


* Mexico: A new Human Rights Watch report concluded that Mexican immigration officials broke the law as part of their push to deport thousands of unaccompanied minors from Central American states ravaged by violence.

* Brazil: Brazil may be mired in a political crisis and ongoing recession but that hasn’t stopped the Bovespa stock index and national currency to improve by around 19% and 10% this year, respectively.

* Puerto Rico: A proposal by the House Natural Resources Committee to alleviate Puerto Rico’s nearly $70 billion dollar debt has allegedly been assailed by commonwealth politicians and officials.

* Ecuador: Will WikiLeaks founder Julian Assange end his asylum later this year at the Ecuadoran embassy in London where he has been protected since 2012?

YouTube Source – AFP (Video uploaded on June 26, 2015).

Online Sources – ABC Online, CNBC, The Latin Americanist, Vocie of America, NBC News

Tuesday, March 29, 2016

Daily Headlines: March 29, 2016


* Chile: President Michelle Bachelet of Chile said her government could countersue Bolivia at the International Court of Justice regarding a dispute over water rights from the Silala River located in a border region.

* Latin America: Argentina and Uruguay’s joint bid to host the 2030 World Cup received a boost from the president of FIFA, while the ex-chief of the Honduran soccer federation pled guilty to his role in the “FIFA-gate” corruption scandal.

* Brazil: A group of Brazilian legislators called for relaxing the country’s harsh gun laws even though 60,000 homicides took place in the country in 2014.

* Puerto Rico: A U.S. federal judge sided with Wal-Mart and quashed a law that raised taxes wealthy companies paid  “on goods they buy from ‘related parties’” in debt-ridden Puerto Rico.

YouTube Source – CCTV News (“Bolivia argues it owns the Silala River and is not being compensated for Chile's use of the water. Chile argues that the water flows across their shared border and therefore it constitutes as an international river.”)

Online Sources – NPR, Fortune, Sky Sports, euronews, ABC News

Wednesday, March 23, 2016

Daily Headlines: March 23, 2016


* Argentina: Following his historic three-day visit to Cuba, U.S. President Barack Obama arrived in Argentina to meet with his counterpart, Mauricio Macri, though one excluded issue from the official agenda will be the sovereignty battle over the Falkland Islands.

* Panama: The $5.3 billion Panama Canal expansion will be completed in late June to early July after two years of delays, while construction on an interoceanic waterway in Nicaragua will reportedly begin this August despite being originally planned for December 2014.

* Guatemala: President Jimmy Morales admitted that his country is facing a “serious insecurity problem” and accused organized crime groups of trying to “destabilize” the government. 

* Puerto Rico: The U.S. Supreme Court began hearing arguments yesterday over whether Puerto Rico should be allowed to restructure its debt in a manner similar to Chapter 9 bankruptcy laws on the mainland.

YouTube Source – C5N

Online Sources – MercoPress, Bloomberg, Global Construction Review, InSight Crime, Business Insider

Wednesday, March 16, 2016

Daily Headlines: March 16, 2016


* Argentina: The lower chamber of the Argentine federal legislature approved a package to repay creditors in a legal tug-of-war with the government over some $100 billion in debt related to the country’s 2001 default.

* U.S.: Will recently retired presidential hopeful Marco Rubio provide a boost to fellow Cuban-American Senator Ted Cruz in his aspirations for the White House?

* Puerto Rico: Acclaimed Broadway composer Lin-Manuel Miranda urged Congress to take urgent action to help debt-ridden Puerto Rico though legislators have largely waffled on the issue.

* Mexico: The governor of the Mexican state of Guerrero, Hector Astudillo, suggested enacting a “pilot scheme” to allow the cultivation of opium poppies as a measure to combat drug violence.

YouTube Source – euronews (Last month “Argentina has agreed in principle to a deal with US hedge funds ending a 15-year-old dispute over its failure to repay billions of dollars worth of bonds.”)
 

Online Sources – Reuters, BBC News, Vox, The Huffington Post

Monday, February 29, 2016

Daily Headlines: February 29, 2016


* Guatemala: Two former military officials were sentenced to over one century in prison for the enslavement and systemic raping of indigenous women during the Guatemalan civil war.

* Argentina: The Argentine government reached a $4.65 billion deal to repay four holdout creditor funds as part of a settlement to repay debt from the country’s $100 billion default in 2001.

* Brazil: Ex-Luiz Inacio Lula da Silva is reportedly considering running for another term in 2018 despite being investigated under the “Lava Jato” corruption scandal.

* Venezuela: A new $5 billion loan and gold mining venture could save Venezuela from falling into default.

YouTube Source – AFP
 

Online Sources – Christian Science Monitor, Reuters, The Guardian, Bloomberg