Category archives for: Market

More CCTV cameras are coming in the U.S. after Boston Terror.

A recent poll showed that only 40% of Americans supported more cameras in the name of public safety – and only 12% wanted fewer cameras. And yet, more cameras are coming in the United States. Police officers in Denver, Phoenix, Chicago and other cities are relying more on surveillance video to help fight crime. READ [...]

Calculating Defense cuts: Lockheed announced $825 million in sales reduction in 2013.

  Lockheed Martin said to Financial Times that the US government’s spending cuts would reduce its sales for the year by $825m, as it became one of the first big military contractors to put a figure on the impact of the across-the-board reductions. READ WHOLE ARTICLE IN FT

U.S. is losing the global cyber war.

The chairman of the House Intelligence Committee Rep. Mike Rogers (R., Mich.), said Sunday that recent reports about Chinese hacking show the U.S. is losing a global cyber war. “We get [hit] every single day by a whole series … of attacks, everything from criminals trying to get into your bank account or steal your [...]

Bad times for defense lobby on Hill.

Of the 30 largest House recipients of defense industry campaign donations since the 1990 election cycle, only 11 are still serving in Congress, according to the analysis of magazine POLITICO and federal data compiled by the Center for Responsive Politics. It’s the same story in the Senate, where 14 of the top 30 recipients over [...]

Report 2011: Moody´s says Venezuela´s economic situation is weak.

Moody’s Investors Service says that during 2011, Venezuela´s domestic currency, its foreign currency government bond ratings, and unstable outlook reflect very weak political and economic institutions marked by an absence of checks and balances on executive authority, as well as a highly pro-cyclical fiscal policy (more income, more spending) evidenced by a rapid increase in [...]

New Tiger on the block: Colombia is now open, says President Santos in Wall Street.

On Friday, May 25, Juan Manuel Santos, President of the Republic of Colombia, visited the New York Stock Exchange (NYSE).  During his visit, the President met with NYSE Euronext executives, participated in an executive roundtable breakfast, rang the opening bell and toured the NYSE trading floor.READ MORE HERE

Argentina rejects Spanish demand of nine billion for YPF

The Americas Post - Tempers are flaring over Argentina's recent move to nationalize YPF

Spanish oil company Repsol-YPF announced it will demand over nine billion dollars from Argentina for nationalizing 51 percent of its YPF division, a price tag that has already been rejected by authorities in Buenos Aires. The Argentine government’s decision to take control of the company has sparked a diplomatic crisis between Argentina and Spain, while provoking [...]

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 [...]

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