- UNASUR's attempt to mediate Venezuela/Colombia kerfluffle fizzles. Hugo then moves Venezuelan troops to the border.
- Sinaloa Cartel drug lord "Nacho" Coronel was killed. He is an ally of Sinaloa kingpin, "Chapo" Guzman. NYT posits that people aren't going to feel safer.
- 30 ships have been waiting over two weeks to be offloaded at Port of Cabello in Venezuela. This as scandal grows over the way Ports allocate resources.
Saturday, July 31, 2010
LA Quick Hits: UNA-USELESS, Hugo Moves Troops, Nacho Not So Libre &, Ships Sit
Friday, July 30, 2010
NutRoots Nation v. (Nutso) RightOnline
Lo Que Serra, Serra
Baba-Bull Watch: BonkoBert Keeps it Real
Thursday, July 29, 2010
The Green Herring: Eco-Friendly Jobs Aren't Enough
It was unwise of the Obama administration and Congress to rely so heavily on the renewable energy sector to drive the recovery. Spending on renewables is slow to get out of the door, leaks to foreign companies, is an inadequate driver of jobs and growth, and may not create a strong exporting industry.
2 Angles on Angle
Tuesday, July 27, 2010
LA Quick Hits: Mex Drug Cartels Go South, Don Diego Lives!, Correa the Commie, Begging Bolivia & More
- Colombia is not backing down on its FARC accusations and tells Hugo where to stick his "Plan de Paz."
- Great piece in WaPost on Mex Drug Cartel Violence going to Central America. Did you know that homicides per capita in El Salvador, Guatemala and Honduras far outstrip Mexico's?
- Kidnappers of Don Diego release photo and letter. Depressing and awful.
- Correa starts to set the stage to nationalize petrol companies.
- Ortega talks up US Sec of Labor Solis, kind of nauseating actually. She is visiting the Nicas.
- Alvaro Vargas Llosa is cautiously optimistic about the release of political prisoners in Cuba. Even then, he is too optimistic. The Church got a role in all of this because Ortega is a tool and can be manipulated not because it brings anything to the table.
- US Charges d' Affaires in Bolivia whines and begs Evo to cooperate in fight against narcos. Seriously, why should he? So the US can help the way they help Mex? The way they helped sink Colombia to the brink of collapse? Why should they lift bring more killing, corruption and crime just to raise the price of cocaine by $1 a kilo? Evo should give him the middle finger and say - "We don't snort or smoke, you deal with it."
- Maradona is out - the vote was unanimous.
- Peru's State of the Union/4th of July is tomorrow - one legislator's plea..."Don't lie."
Raul Doesn't Speak, What Does it Mean?
Friday, July 23, 2010
Obama's Worst Nightmare? Really?
Thursday, July 22, 2010
Peru Prez Race - Good News/Bad News
DeMint's Creative Poll Watching
Sunday, July 18, 2010
Astronomy + History + Rachel Weisz = Perfection
LA Quick Hits: FCH - Security Important, Hugo is Scared, 2 Cool 4 School, Cristina Knocks US (Again), Samper Whines, Have a Coke and a Smile & More
- Understatement of the day: Calderon says security is a national priority.
- Blake says Calderon has told him to focus on security.
- Hugo declines Santos inauguration invite and threatens to break off relations. He said he feared for his life if he went to Colombia.
- Four Colombian reporters detained in Venezuela won't be sent back till Monday.
- It's so hot over here that I sweat just think about going outside, but in the southern cone they are freezing their butts off. Bolivia is closing the schools through Wednesday.
- In Bolivia drug traffickers have made inroads in 27 impoverished communities.
- Cristina backs Mex on Arizona law...imagine my surprise.
- Former Prez Samper laments the decline of the Liberal Party and looks to the PRI for inspiration. Read the interview and see why the Libs in Colombia have no chance. Vague notions and embittered sniping is not going to get anyone elected.
- It's been awhile but activists want justice for the Bolivian disappeared and those that suffered under the Meza regime.
- Coca Colla takes the fizzy drink industry back to its roots, so to speak.
Saturday, July 17, 2010
LA Quick Hits: FARC in Venezuela, Hugo Gets Pissed, Santos Invites Neighbors, Car Bomb in Mex, Killing Labor, Bolivar is Dead, Peru "Slows" & More
- FARC and ELN leaders are chilling out in Venezuela. Colombians have pictures and film to prove it - the evidence goes back to 2002 and...
- Venezuela is SHOCKED by the allegations...Hugo pulls his ambassador from Colombia. That Ambassador must have some pretty awesome frequent flier miles.
- You're invited! Santos invites Hugo and Correa to his inauguration...good luck with that.
- First car bomb in Mexico's drug war goes off in Ciudad Juarez - four dead.
- Mexican drug cartels have US made grenades.
- Argentina oks same-sex unions - Cristina takes a swipe at the US, of course.
- Hugo's unions take on the old unions and 75 union leaders have died. How come we only hear about Colombia?
- Cuban Commie spy is sentenced for life. His wife gets off easy with only six and three quarter years.
- Not a parody - Hugo exhumes Simon Bolivar, speaks to the remains and relates it all to a national audience. The crazy thing is that if he ran tomorrow, Hugo would probably still get re-elected.
- Cardinal Ortega visited US in June - met someone, but Obama Admin is not confirming who.
- Peruvian economy continues to sizzle, growing 9.2% in May
- Happy Birthday Plan Colombia! $8 billion, 84% reduction in terrorist attacks, 88% reduction in kidnappings, 58% in coca production and 45% reduction in homicides.
- Correa gears up for war against crime.
- Ten candidates for Prez of Brazil, only Dilma and Serra matter.
- Twelve Candidates for Mayor of Lima, right and center right candidates leading.
NYT: Economy Sucks. Blame the Rich!
Dear Harry Reid, Be Careful What You Wish For...
Thursday, July 08, 2010
LA Round Up: Vicky Cashes In, AMLO Again, Alvaro-n-Hugo & Peru Explodes
- Vicky Pelaez is going to get PAID by the Ruskies. Like she wasn't getting paid before.
- Because it wasn't fun enough the first time "El Mesias Tropical" is gearing up to do it again. Ebrard is playing nice for now, but no way he lets AMLO get the PRD nod without a fight.
- Camacho Solis coordinator of the lefty Mexicans (PRD, PT and Convergencia) says they need to stick to one candidate in 2012 - good luck if the consensus isn't el Peje.
- Year to year numbers for May show Peru exports to the Americas up 30%. All that and no Export Initiative? Amazing how that works.
- Venezuela blames Uribe for keeping relations testy - I'm SHOCKED!
It's Easy Being Greene: The LiLo Edition
Saturday, March 15, 2008
Oil: Why So High?
That brings us to speculation. Evans observes that since September 2003, the total number of open crude oil futures and options contracts rose by 364 percent. Meanwhile the global demand for petroleum rose by just 8.2 percent. "So the futures and options market has become more important than the physical supplies in driving the price," concludes Evans. "We are seeing investment flows into the oil market that don't have anything to do with the demand and supply of oil."
Investors are treating oil as a hedge against inflation and a falling dollar. Oil markets are part of a
negativepositive feedback loop in which higher oil prices contribute to higher inflation, which in turn lowers the value of the dollar, which boosts oil prices, and so forth. In other words, the oil market is coming to resemble the gold market (which has also been soaring). Evans notes that most gold traders don't even ask the question of how much gold was mined last year or how much spare gold mining capacity there is.
No one is predicting $10 per barrel oil. However, once the current bubble bursts, both Evans and Lynch believe that the price of crude will settle at around $60 to $70 per barrel in the next couple of years. "It's very hard to pinpoint just how long a bubble can expand before it breaks. Getting the timing right is not an easy matter," says Evans. But he adds, "I think that this is the riskiest time to be long in crude oil since 1980."
Monday, March 10, 2008
The Hugo Dems
Even as Mr. Chávez was doing his war dance, Senate Finance Chairman Max Baucus was warning the White House not to send the Colombia deal to the Hill for a vote without the permission of Democratic leaders. He was seconded by Ways and Means Chairman Charlie Rangel, who told Congress Daily that "they don't have the votes for it, it's not going to come on the floor," adding that "what they [the White House] don't understand it's not the facts on the ground, it's the politics that's in the air."
Mr. Rangel is right about the politics. No matter what U.S. strategic interests may be in Colombia, this is an election year in America. And Democrats don't want to upset their union and anti-trade allies. The problem is that the time available to pass anything this year is growing short. The closer the election gets, the more leverage protectionists have to run out the clock on the Bush Presidency. The deal has the support of a bipartisan majority in the Senate, and probably also in the House. Sooner or later the White House will have to force the issue.
These are the same Democrats who preach the virtues of "soft power" and diplomacy, while deriding Mr. Bush for being too quick to use military force. But trade is a classic form of soft power that would expand U.S. and Latin ties in a web of commercial interests. More than 8,000 U.S. companies currently export to Colombia, nearly 85% of which are small and medium-sized firms. Colombia is already the largest South American market for U.S. farm products, and the pact would open Colombia to new competition and entrepreneurship.
Which brings us back to Mr. Chávez and his many Democratic friends. Connecticut Senator Chris Dodd's early support helped the strongman consolidate his power. Former President Jimmy Carter blessed Mr. Chávez's August 2004 recall victory, despite evidence of fraud. And then there are the many House Democrats, current and former, who have accepted discount oil from Venezuela and then distributed it in the U.S. to boost their own political fortunes. Joseph P. Kennedy II and Massachusetts Congressman Bill Delahunt have been especially cozy with Venezuela's oil company. If Democrats spurn free trade with Colombia, these Democratic ties with Mr. Chávez will deserve more political scrutiny.
Senators Hillary Clinton and Barack Obama are both competing for union support. But if they wanted to demonstrate their own Presidential qualities, they'd be privately telling Ms. Pelosi to pass the Colombia pact while Mr. Bush is still in office. That would spare either one of them from having to spend political capital to pass it next year.Instead, both say they oppose the deal on grounds that Mr. Uribe has not done more to protect "trade unionists." In fact, Mr. Uribe has done more to reduce violence in Colombia than any modern leader in Bogotá. The real question for Democrats is
whether they're going to choose Colombia -- or Hugo Chávez.