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 [...]
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 [...]
Chilean airline LAN has avoided a lawsuit from local competitor PAL and reached an agreement that will allow LAN to proceed in their planned marriage with Brazilian airline TAM. The merger would create one of the largest airline groups in the world. LAN, one of the leading carriers of Latin America, announced Tuesday that [...]
2011 Oct 27 | Posted in
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Approval ratings for Peruvian president Ollanta Humala declined 3% in October but remained at a relatively high 62% as the new head of state nears the end of his first 100 days in office, according to a poll by firm Ipsos Apoyo. The numbers seem to indicate that Humala’s center-left policies and promises to reach [...]
Relations between members of the Organization of Petroleum Exporting Countries (OPEC) appear to be suffering as a result of the Arab Spring and unilateral decisions to increase production taken by members of the Gulf Cooperation Council. This week Venezuelan president Hugo Chavez told visiting Russian vice minister Igor Sechin and energy minister Sergei Shmatko that [...]
Activity in the global arms trade declined 38 percent last year, according to a report released by the US Congressional Research Service. Sales dropped from $65.2 billion in 2009 to $40.4 billion, the lowest level since 2003. In spite of its financial crisis the US continues to lead the pack with 57.2% of the market, [...]
2011 Sep 24 | Posted in
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In contrast with the ongoing deterioration of relations between Bolivia and the United States, this week the landlocked Andean nation signed six pacts strengthening government and state-run business ties with China. President Evo Morales presided over the signing ceremony one day after launching fresh verbal attacks on capitalism and US “imperialism” at the United Nations [...]
The coming wave of U.S. defense budget cuts will apparently be followed by less spending on Homeland Security. Ten years after the 9/11 attacks, the U.S. Government is spending near $75 Billion per year on U.S. Homeland Security. Whether the Spending Spree has been worthwhile is the subject of increasing debate, especially among U.S. liberals…READ [...]
2011 Aug 30 | Posted in
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The White House already has ordered the Pentagon to come up with about $ 400 billion in defense cuts over the next 12 years, a reduction that would slow the growth in defense spending to about the current rate of inflation. There is another plan waiting in the “stove”: an additional defense cut of $600 [...]
2011 Aug 02 | Posted in
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As in many other cities in the U.S. like in Detroit or Saginaw, the city authorities of Hartford (Connecticut) are planning to install audio sensors in high-crime neighborhoods to detect gunshots and determine location. The City´s Mayor Pedro Segarra announced yesterday the implementation of the ShotSpotter program. The city will spend $150,000 on the sensors, [...]
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