Category archives for: ECONOMICS

Chavez threatens to nationalize more Venezuelan banks

The Americas Post - "Alo Presidente" gives a whole new meaning to "Reality TV"

Venezuela President Hugo Chavez threatened on Sunday to nationalize any private bank that fails to comply with local legislation setting standards for agricultural finance and other projects in the country. The leftist leader, who since 2008 has increased state involvement in the financial sector, has criticized banks repeatedly for their lack of support with  agriculture [...]

Chevron indictments expected soon in Brazil

The Americas Post - Chevron managers could end up doing time in Brazilian prison

Brazilian prosecutors are planning to file criminal charges against Chevron Corp within the next several weeks, adding the possibility of prison time to an $11 billion civil lawsuit for a November oil spill offshore. The federal court filing in Campos, Brazil, will probably include a criminal indictment of Chevron Brazil CEO George Buck and other staff, [...]

2000-2010: Another lost decade for South America´s economic competitiveness and social welfare.

“There’s no doubt that with the growth of China, we’ve seen a re-commoditization of Latin America,” said Colombia’s Mining Minister Mauricio Cárdenas, an economist and former Director of the Latin America program at the Brookings Institution in Washington DC. In terms of economic development, Latin America did not take any advantage of the rising prices [...]

Chavez rejects World Bank oil decision in advance

The Americas Post - That isn't the Exxon Mobil logo on the side of that storage tank

Venezuelan President Hugo Chavez announced on Sunday that his nation will not recognize any decision by a World Bank tribunal in a multibillion-dollar arbitration case against Exxon Mobil Corporation. Exxon has called Venezuela before the World Bank’s International Center for Settlement of Investment Disputes, or ICSID, demanding $12 billion in compensation for nationalization of the Cerro [...]

China surpassing US as top Venezuelan trade partner

The Americas Post - Chinese Vice President Xi Jinping is Hugo Chavez' new best friend.

Venezuelan President Hugo Chavez claimed this week that China may replace the U.S. as Venezuela’s leading trade partner, thanks to a strategic alliance between those two nations. Chavez said that commerce between Venezuela and China has reached $20 billion this year, up from $600 million a decade ago, and is now growing by $2 billion [...]

Illegal immigration from Mexico hits record low

The Americas Post - The USA is not as attractive as it used to be.  Photo Credit:  Getty Images

Arrests of illegal migrants crossing the US-Mexico border have plunged to levels not seen since the early ’70s, according to tallies released by the US Department of Homeland Security, a major change which could affect the debate over immigration reform. The Border Patrol apprehended 327,577 illegal crossers in fiscal year 2011, numbers not seen since [...]

Chavez bringing home the gold

The Americas Post - Gold always seems to get a warm welcome.  Photo Credit:  AVN

Venezuelan President Hugo Chavez’s administration began repatriating that nation’s gold reserves from European banks on Friday, with the first shipment arriving on a flight from Paris. The shipment was protected by troops in a caravan of at least five armored vehicles directly to the Central Bank in Caracas. Government supporters cheered and waved flags as [...]

Starting in December, U.S. Customs wants to simplify air cargo screening.

Under a new pilot program, U.S. Customs and Border Protection (CBP) the entry process for air cargo  is designed to reduce the number of customs holds that delay air cargo and help give shippers a better idea of when they can take possession of their goods Already starting in December, importers or brokers of air [...]

Anti Piracy solution for risky waters: every ship should have an armed security team aboard, says U.S. State Dept.

Specially in Somalia´s waters, pirates are increasingly turning to kidnapping and hostage-taking to generate funding to purchase weapons and continue operations. As a comment to a recent statement of the United Nations, the Assistant Secretary Andrew Shapiro at the State Department Bureau of Political-Military Affairs said that there has been a decline of piracy attacks [...]

Brazilian feds investigating oil spill

The Americas Post - Why does this sight look so familiar?  Photo Credit:  AP

The Brazilian Federal Police department announced that it has begun investigating an oil spill in an offshore field operated by multinational producer Chevron Corporation off the coast of Rio de Janeiro. Federal Police department environmental affairs division chief Fabio Scliar told government news service Agencia Brasil that his division began looking into the causes of [...]

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