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Category archives for: ECONOMICS

Mexican government push right buttons: Calderon proposes plan against money laundering.

MEXICO CITY – President Felipe Calderon proposed sweeping new measures Thursday to crack down on the cash smuggling and money laundering that allow Mexican cartels to use billions in U.S. drug profits to enrich their criminal organizations.
Legislation introduced by the Calderon administration would make it illegal to buy real estate in cash.
The new laws [...]

“Flying” laser weapon destroys missiles.

An intercept test of a missile-destroying laser aboard a converted Boeing Co 747 aircraft has been postponed for a fourth time because of technical problems, the Pentagon’s Missile Defense Agency said.
“Troubleshooting indicates that a hot bypass valve on the aircraft is in an abnormal condition, thus not allowing for proper [...]

Operation Without Borders: Businessmen financed and laundered drugs trafficking in areas of Rio de Janeiro.

The six businessmen accused of involvement with drug trafficking in the north of Rio de Janeiro, were presented on Thursday by the Civil Police in the auditorium of the 5th SD (Central Police). The criminals were caught in Brasilia, Campo Grande (MS) and São Paulo during Operation Without Borders. According to investigations, the group financed the [...]

More military high tech will help DOD to cut costs.

Technology can provide important leverage to help the Defense Department cut costs and increase the efficiency of military spending, the Pentagon’s chief technology officer said on Thursday.
Zachary Lemnios, director of defense research and engineering, emphasized the Pentagon’s new cost-cutting drive is aimed at freeing up cash to sustain U.S. forces [...]

Piñera leads the way: LatAm (merger airlines LAN + TAM) shows new strategic partnership between Chile and Brazil, new big mergers in line.

SANTIAGO – A merger between Brazil’s TAM and Chile’s LAN airlines would generate synergies likely to add some $3 billion in value to the new group, LAN’s chief executive was quoted as saying by a local paper on Saturday, reported the news agency Reuters on Saturday.
Both companies announced on Friday a proposed merger via a [...]

Airport “shoe scanner” will ease travelers life at security checkpoints.

A company vying to sell airport shoe scanners has finished its “trial” at Indianapolis International, collecting results from 3,000 travelers who volunteered to try its machine in the lobby.
Morpho Detection says its data-collection experiment, which ended in late July, showed its scanner can process more than 300 customers an hour. Travelers still had to remove [...]

War on drugs: Mexican security and armored cars industry are flourishing.

More than 3 1/2 years after President Felipe Calderon declared war on Mexico’s drug cartels, the pace of killings has increased and 2010 is on track to be the deadliest yet in a campaign that has already claimed as many as 28,000 lives.
While the insecurity has put a damper on business [...]

Embraer sales up, after air-show in England.

Empresa Brasileira de Aeronautica SA, the world’s fourth-largest aircraft maker, will have a backlog of more than $17 billion before the end of the year, said Luiz Carlos Aguiar, the company’s vice president of finance.
The current backlog stands at $16.2 billion, including 37 firm orders signed at the Farnborough Air Show in England last month, [...]

Erratic GOOGLE: yesterday confronting China´s censorhip, today sharing “big brother” projects with CIA.

An article that appeared Wired Danger Room yesterday reveals that the CIA and Google are now in cahoots to invest in a new company called Recorded Future – a real-life version of Minority Report, one that’s all fact and no fantasy, It’s purpose is to know the present and predict the future, totally.
I’m a longtime [...]

Europe willing to export & transfer military high tech “know how” to Brazil & other development markets.

With government budgets across Europe set to shrink significantly in the coming years, the parent company of Airbus predicted that the group’s military business would become increasingly focused on markets in Asia, Latin America and the Persian Gulf and it hinted that the outsourcing of European aerospace jobs to those regions was all but inevitable.
“It [...]

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