For more than a decade, much of Latin America has enjoyed an economic boom. But at its annual meeting in Brazil over the weekend, the Inter-American Development Bank indicated the party is ending. And the situation may be worse because the region didn’t make productive reforms when times were good.
It may or not be a coincidence that Cuban leader Raúl Castro disclosed his new foreign investment law this week just as Venezuela was getting another big thumbs-down from the financial world.
Cuba’s threadbare communist economy depends on kindred benefactors like socialist Venezuela. But as that oil-rich country’s own economy continues to implode – the Fitch Ratings company downgraded Venezuelan credit to “Outlook Negative” on Tuesday – Castro has no choice but to open his island’s rusted doors more broadly to capital, capitalism and capitalists.
Pietra Diwan takes pride in the master’s degree she earned in history back in her native Brazil. But a passion for historical accuracy may cost her the business she built here in South Florida.
As a historian, Diwan pays attention to document details. That’s why she raised flags last month when Venezuelan friends here started posting Facebook photos of the ongoing anti-government protests in Venezuela.
There comes a moment in every political upheaval when the sound and fury of protests have to hook up with the clarity and practicality of platforms.
For anti-government demonstrators in Venezuela, that moment's arrived.
Since Feb. 12, the oil-rich but deeply divided country has been rocked by student-led unrest. Protesters are lashing out at President Nicolás Maduro’s heavy-handed socialist government and its inability to solve a raft of economic and social crises, including South America’s worst inflation and murder rates.
The Maya have many cool nicknames. The Greeks of the New World. Men of Maize. But you can add a more unfortunate moniker – the Children of Scorched Earth – to explain why they’re suddenly one of Florida’s fastest-growing immigrant communities.
The Maya are the largest indigenous group in the Americas, descendants of the glorious pre-Columbian civilization that occupied southern Mexico and northern Central America. Most live in Guatemala – where in recent decades they’ve faced one violent plague after another.
Venezuela has the world’s largest oil reserves. Big deal. This is Valentine’s week, when cocoa matters more than crude – and what’s important is that Venezuela produces the world’s best chocolate.
Problem is, will politics soon drag down Venezuela’s cacao (cocoa) industry the way it’s reduced the country’s oil output? On Feb. 14, at least, that’s a worrisome question, especially inside gourmet chocolate shops like Romanicos.
This week’s Colombian voter poll had to feel like a back-handed compliment for President Juan Manuel Santos.
The new survey by the Bogotá research firm Ipsos-Napoleón Franco shows Santos with a 17-point lead over his closest competitor in his bid to win re-election in May. But Santos garners just 25 percent of the vote. Half of those polled said they were undecided or intend to cast a blank protest ballot. That’s hardly cause for cumbia dancing at the Casa de Nariño presidential palace.
Latin American leaders don’t know how to stop their violent-crime epidemic, but they sure know how to spin it.
Former Miss Venezuela and telenovela star Mónica Spear and her ex-husband were murdered Monday night during a botched highway robbery near Puerto Cabello, Venezuela. Their 5-year-old daughter was shot, too, but survived. As the shocking news spread throughout Venezuela and then Miami, where Spear often lived and worked, Venezuelan President Nicolás Maduro hit a spin cycle I’ve seen countless other presidentes employ after high-profile homicides.
This May 23, 2005 file photo released by Miss Universe shows Monica Spear, Miss Venezuela 2005, posing for a portrait ahead of the Miss Universe competition in Bangkok, Thailand. Venezuelan authorities say the soap-opera actress and former Miss Venezuela and her husband were shot and killed resisting a robbery after their car broke down. Prosecutors said in a statement that Monica Spear and Henry Thomas Berry were slain late Monday, Jan. 6, 2014 near Puerto Cabello, Venezuela’s main port.
Venezuela got a tragic New Year reminder of one of its most pressing problems: violence. Mónica Spear, 29, a former beauty queen and a popular soap opera star who was raised in Orlando, was killed Monday night during a presumed highway robbery.
Authorities said her partner Thomas Henry Berry, 49, reportedly from the U.K., was also killed and that their five-year-old daughter was injured in the incident.
Christmas 2013 was the best and worst of times for Ralph Gonsalves.
Gonsalves, Prime Minister of the Caribbean island nation of St. Vincent and the Grenadines, met with Pope Francis at the Vatican on Dec. 19. For Gonsalves, an outspoken populist who was about to take over as chairman of the Caribbean Community, or Caricom, it was a moment of valuable political cachet: Francis has proven a champion of poor global underdogs like the small republics of the Caribbean.