Comparison to Turkey is a bit of stretch: to the extent that the protestors in Brazil have expressed clear objectives, the authoritarianism of their president isn’t one of them. More importantly, the regional context is different. When it comes to Turkey there is at least some reason to associate protests with the Arab Spring, a […]
After mostly sidestepping the global financial crisis in 2008, many in Latin America welcomed the 2010s as “Latin America’s decade.” But it’s been quick to fizzle out. Now, with the World Bank and IMF projecting ho-hum growth over the near future, come the excuses. Brazil stood first in line for comeuppance. Since 2011, the economy […]
Porteños (Argentines from the capital city Buenos Aires) will get quite a self-esteem boost today, March 19 when the Vatican inaugurates Argentine Cardinal Jorge Mario Bergoglio as the new pontiff of the Roman Catholic Church. There has been no news in Buenos Aires for the last five days that has not focused on the Pope. […]
Jorge Mario Bergoglio became the first Pope from outside of Europe for nearly a millennium, reflecting the reality of a church that has the majority of its followers in Latin America and the strong connection with society and social justice that churches have had in the developing world. Pope Francis I is a native of […]
In late 2012, vulture funds came to light with the bold seizure of an Argentine naval vessel, the ARA Libertad, in the Ghana port city of Tema. After two-and-a-half months under the control of the U.S.-based vulture fund NML capital — run by billionaire Paul Singer — the International Tribunal for the Law of the Sea in […]
Among the more important questions to surface in the wake of Hugo Chávez’s death on March 5: Will chavismo survive? The answer, usually given in the affirmative, frequently invokes a previous era of Latin American history. For example, a column on the London Review of Book’s website, “Chavez Hasta Siempre,” draws a parallel to Che […]
Argenzuela — an invented word that has been on the minds and lips of Argentines for the past year; the jokes that Argentina is following an eerily similar path to that of Hugo Chavez’ Venezuela are no longer funny. The fact that the man who almost single-handedly has destroyed the former economic juggernaut of Venezuela […]
Last week, a U.N. tribunal ordered the release of an Argentine frigate docked in Ghana since October, when a group of hedge funds succeeded in getting a local court to hold the ship as collateral until the Argentine government made good on a $20 million bond. The bond, in turn, is just a sliver of […]
In the films Taken and Taken 2, Liam Neeson plays a father who tracks down his daughter after a group that seeks to sell her into sex slavery kidnaps her. While this is not a common occurrence for young American students in Paris, it is a major problem in many countries. Often places like Paris, […]
Every year, the International Labour Organization’s (ILO) Committee on Freedom of Association releases a list of cases examined and their findings, placing a higher priority on some particularly egregious violations or lack of responsiveness on the part of governments. This year, situations in Argentina, Cambodia, Ethiopia, Fiji, and Peru were determined to be the most […]
In recent weeks, two southern cone neighbors, Argentina and Chile, have demonstrated radically different youth voting tendencies. Culturally, economically and politically, Chile and Argentina’s approaches toward just about everything are famously different; to say the two countries have a rivalry would be an understatement. Yet, as I sit on the Santiagan side of the Andes, I cannot help […]
This past week the Council on Hemispheric Affairs published an article on the Obama Administration’s actions to depressurize the relationship between Argentina and the “vulture funds” that made profit off Argentina’s default from their 2001 economic collapse. With so many formerly healthy economies in Europe now facing the same end game as Argentina did nearly […]
Behold, Foreign Policy has announced “a new golden age of oil and gas.” Here’s the good news: unlike previous booms this one stands to benefit a wide swath of humanity, including places as far flung as the Canary Islands and the Falklands, Brazil and the Arctic. The bad news: We could cook the planet. That […]
In a recent discussion on Argentina’s expropriation of YPF there was much commentary on how the Falklands issue was still one of great importance. Seeing Argentina as independent and able to move ahead, despite having poor relations with the Europeans, created a healthy debate on the issue. As the moderator of the posts I create, […]
Investors often fear one outcome to their investments beyond any natural disasters or recessions, one that has characterised possible nightmare results of investing in Emerging Markets, that of a nationally supported expropriation. Latin America as a whole has often fought and suffered as a result of state expropriations of American and European companies over the […]