Argentina and its bankers have been barred from making payments to fulfil debt-restructuring agreements reached with the country's creditors, unless the 7% of creditors who rejected the agreements are paid in full a judgment that is likely to stick, now that the US supreme court has upheld it. Though it is hard to cry for Argentina, the ruling in favour of the holdouts is bad news for the global financial system and sets back the evolution of the international regime for restructuring sovereign debt.
Why is it so hard to feel sympathy for a developing country that is unable pay its debts? For starters, in 2001 Argentina took the unusual step of unilaterally defaulting on its entire $100bn debt, rather than negotiating new terms with its creditors. When the government finally got round to negotiating a debt swap in 2005, it could almost dictate the terms a 70% "haircut".Continue reading...
Crowds in the Argentinian capital Buenos Aires reacted with a mixture of celebration and anger to the country's 1-0 World Cup final defeat to Germany.
Thousands of people who had been waving Argentinian flags on the city's streets since the early morning seemed unfazed by the defeat, bursting into chants of "Ar-gen-ti-na!" when the whistle was blown ending the match in Germany's favour.Continue reading...
Ties with Latin America not a rebuke to US
People's Daily Online
Chinese President Xi Jinping's trip to Latin America has been a remarkable success, paving a way for more profound economic cooperation between the two. But some unpleasant voices have emerged within American public opinion, reflecting the true ...
Chinese leader's visit has big implications for Latin America
Chinese president Jinping ends Latin America trip in Cuba
China Inks Cuba Accords as Xi Wraps Up Latin America Trip
Gaza Strip Attacks By Israel Draw Condemnation From Latin American Nations
Fox News Latino
As U.S. Secretary of State John Kerry landed in Jerusalem to meet with other world leaders in an attempt to broker a truce between Israel and Hamas militants, many countries in Latin America began to voice their anger at the air strikes and ground war ...
China's Xi in Cuba on last stop of Latin America swing
In 1990, China ranked just 17th on the list of Latin American export destinations. Beijing has also ramped up investment in Latin America to about 20 percent of its total foreign direct investment of $90 billion last year. This is Xi's second visit to ...
Delta's earnings up with Latin America, domestic passengers
With growth in Latin American and domestic passenger revenues, Delta Air Lines reported Wednesday a 9% gain in operating revenue during the second quarter, compared to a year earlier. Delta's pre-tax income was $1.4 billion during April, May and June, ...
Promoting the Port City to Latin America
A tourist organization in Wilmington is promoting the Port City to Latin America. According to Yndiana Montes, hundreds of her family and friends have visited from her home in Venezuela but others are not aware of the Wilmington area and the attractions.
Despite a series of laws meant to encourage the transition toward the formal workforce, Colombia’s domestic laborers are overwhelmingly part of the country’s large “informal” sector, made up of those workers without Full Article »
The post Only 1 out of 100 Colombia house workers have formal labor contract appeared first on Colombia News | Colombia Reports.
Colombia’s second-biggest city, Medellin, has a thriving gay community. From raging nightclubs to seedy alleys, here’s a guide to the most exciting (and sketchy) LGBT venues in town. Purple Purple is located just Full Article »
A new clothing line using knife-resistant and anti-ballistic fabrics was introduced during the annual Colombiamoda, Medellin’s biggest fashion event, on Tuesday. The idea of a fashionable clothing line that could also serve as protective gear did, in fact, Full Article »
The post US designer introduces knife-proof clothing at Medellin fashion week appeared first on Colombia News | Colombia Reports.
Fans of Colombia’s superstar James Rodriguez invaded the official team shops of Real Madrid’s stadium, scooping-up 900 James-10 jerseys in just one hour, Colombian media reported on Wednesday. Even though a single shirt cost Full Article »
The post Over 900 James Rodriguez jerseys sold in 1 hour at Real Madrid stadium appeared first on Colombia News | Colombia Reports.
Colombia?s Ministry of Defense reported that two military operations against the guerrilla groups FARC and ELN have resulted in 21 kills and arrests. Military operations were carried out early on Full Article »
The post 21 ‘guerrillas from FARC, ELN’ killed or captured during 2 military strikes appeared first on Colombia News | Colombia Reports.
Guatemala. It is a very long and difficult fight and it will need the support and cooperation of all political parties, the private sector and civil society sectors.
The first steps the Government has taken on the 19th of August 2008, was to institute The Vice- Ministry of Transparency in the Ministry of Public Finance. The second step is the creation of the Commission for Transparency.
The Commission for Transparency is headed by Vice-President Rafael Espada and represents government and civil society sectors. This Commission will be conformed by Álvaro Mayorga and Armando Boesch, representatives of the Private -Industrial Sector, (CACIF), Comité Coordinador de Asociaciones Agrícolas, Comerciales, Industriales y Financieras.
2008 Olympic Games, Beijing. Guatemala?s Jose Amado García managed to obtain a very good 35th position out of 98 runners that participated in the marathon. Alfredo Arevalo obtained position 63. Both athletes did improve their performance from the previous Olympic Games in Athen, in time and positions.
Women of Virtue is an award presented to ten outstanding women from South Florida every year by LATINBIZ. Among the 2008 honorees is Ms. Ruby Ortiz, Guatemalan. She has been serving the South Florida business community for more than 10 years in management development, business consulting and Coaching. More than 1,000 managers from Florida and Latin America have benefitted from her professional consulting and training.
Ruby Ortiz is a member of the advisory board and professor at Florida International University -MTI-, she is Director of the new Florida Institute of Management and she is also Senior Consultant of RO International Inc.
Guatemala, Antigua - Cultural event at Centro de Formación de la Cooperación Española en Antigua Guatemala.
Invitation for next Saturday, November 22 at 18:00 pm. Play: "Women forging Dreams," Mujeres fraguando sueños, by the theater company Abrego (Cantabria / Spain). The entrance to the event is free. It will be held at Centro de Formación de la Cooperación Española en Antigua Guatemala.
"Women forging dreams", Mujeres fraguando sueños, is a show with an ethic committed to a social reality that requires all our efforts to make a forceful denunciation and a sober reflection on domestic violence. It is a contemporary piece that keeps a distance to the complex elaborations exclusive to intellectuals.
Majestic World Travelers Joseph and Farideh Ross went from Mexico, Belize, Guatemala, Honduras to Costa Rica and Nicaragua. Their exiting journey continues and they saw beautifull places and shared them with us.
Drake Bay, Costa Rica, on the Pacific Ocean near Corcovado National Park and Cano Island is a dream. It is a rare thing to have reality exceed your expectations, but Drake Bay is one of those places. Drake Bay will surely make any traveler's short list of the most beautiful destinations on the planet.
El 17 de Diciembre, 2012 marco el levantamiento de nuestro 2do rack de servidores en el Centro de Datos en Kansas.