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Contents contributed and discussions participated by Javier E

Javier E

How Brazil's China-Driven Commodities Boom Went Bust - WSJ - 0 views

  • If the biggest economic story this century was China’s rise, Brazil was uniquely poised to benefit from it. Rich in iron ore, soybeans and beef, not to mention oil, Brazil was positioned as a supplier of many things China needed. Its annual trade with China, only around $2 billion in 2000, soared to $83 billion in 2013. China supplanted the U.S. as Brazil’s largest trading partner.
  • Brazil fell under what some economists call the “resource curse,” a theory describing how countries with abundant natural resources sometimes do worse than countries without them. The idea is that the money from commodity sales can lead to overvalued currencies and shortsighted policy-making, leaving such countries badly exposed when the resource boom finally ends.
  • “Unfortunately, the history is that commodity-dependent economies do not catch up with the U.S.,” said Ruchir Sharma, head of emerging markets at Morgan Stanley Investment Management. “Not just oil producers. More countries end up being poorer, compared with the U.S., after they find a commodity than catch up.” Using data going back to 1800, he said commodity-dependent economies typically grow for a decade, then spend as long as two decades wallowing or slipping back.
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  • Buoyed by China trade, nationalist-minded politicians launched a foreign policy meant to reduce the role of the U.S. in Latin America. Brazil blocked a U.S. free-trade initiative for the Americas. They teamed with Venezuela to create a regional security council to supplant one that included the U.S. The foreign minister worked from an office with a huge map of the world upside down, offering the message that the era of emerging markets was at hand. But the world wasn’t upside down. While Brazil tied itself more closely to anti-American governments like Venezuela, Argentina and Iran, some regional neighbors—Chile, Colombia and Peru—went around Brazil and cut individual free-trade deals with the U.S.
  • Anticipating commodity sales, the government spent increasingly heavily. Government banks supplied Brazilians with easy credit. Brazil subsidized energy bills, issued cheap loans to big companies with government ties and built stadiums to host global events such as the 2014 World Cup and the 2016 Olympics.
  • Meantime, Brazil produced far less oil than predicted. Production actually shrank in some years, as Petróleo Brasileiro SA, PBR 12.80 % known as Petrobras, struggled with the enormous task of developing oil fields in extremely deep water.
  • Commodities’ support of the economy allowed Brazilian leaders to put off addressing certain problems that had long bedeviled the nation, such as a political system that tended to breed corruption and a bureaucracy that stymied business innovation. “Brazil became complacent because of the intoxicating effects of China trade,”
Javier E

Global Climate Pact Gains Momentum as China, U.S. and Brazil Detail Plans - The New Yor... - 0 views

  • in the joint announcement by Brazil and the United States, the two nations committed to increasing the use of wind, solar and geothermal energy to make up 20 percent of each country’s electricity production by 2030, which would double power generation from renewable sources in Brazil and triple it in the United States. Brazil also pledged to restore about 30 million acres of Amazon rain forest, an area about the size of Pennsylvania.
  • Money is another major obstacle. In 2009, Secretary of State Hillary Rodham Clinton pledged that by 2020, developed economies would send $100 billion annually, from both public and private sources, to developing economies to help them adapt to the ravages of climate change. This year, the United Nations has sought to establish a $10 billion “Green Climate Fund” to help begin that fund-raising effort.Although Mr. Obama has pledged $3 billion — more than any other nation has offered — Republicans in Congress have blocked efforts to appropriate the money.Climate policy experts say that without the money from rich countries, developing economies will not be able to follow through on their pledges.
Javier E

Economy of Haiti - Wikipedia, the free encyclopedia - 0 views

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    Before Haiti established its independence from French administration in 1804, Haiti ranked as the world's richest and most productive colony.
Javier E

Mannequins Give Shape to a Venezuelan Fantasy - NYTimes.com - 0 views

  • “I have lots of clients that come here and say, ‘I want to look like that mannequin,’ ” Ms. Molina said. “I tell them, ‘O.K., then get an operation.’ ”
  • While Ms. Corro’s mannequins took a quantum leap in body shape several years ago, Ms. Mieles said that the busts and buttocks of her family’s mannequins had grown gradually to keep up with the trends in plastic surgery.
  • Ms. Corro, the co-owner, explained the changes in the mannequins over just a few years: bigger breasts, bigger buttocks, svelte waists. Until recently, “the mannequins were natural, just like the women were natural,” she said. “The transformation has been both of the woman and of the mannequin.”
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  • “Beauty is perfection, to try to perfect yourself more and more every day,” Ms. Mieles said. “That’s how people see it here.” <img src="http://meter-svc.nytimes.com/meter.gif"/>
Javier E

Mannequins Give Shape to a Venezuelan Fantasy - NYTimes.com - 0 views

  • Eliezer Álvarez made a simple observation: Venezuelan women were increasingly using plastic surgery to transform their bodies, yet the mannequins in clothing stores did not reflect these new, often extreme proportions.
  • So he went back to his workshop and created the kind of woman he thought the public wanted — one with a bulging bosom and cantilevered buttocks, a wasp waist and long legs, a fiberglass fantasy, Venezuelan style
  • Now his mannequins, and others like them, have become the standard in stores across Venezuela, serving as an exaggerated, sometimes polarizing, vision of the female form that calls out from the doorways of tiny shops
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  • “You see a woman like this and you say, ‘Wow, I want to look like her,’ ” said Reina Parada, as she sanded a mannequin torso in the workshop. Although she cannot afford it, she said, she would like to get implant surgery someday. “It gives you better self-esteem.”
  • Cosmetic procedures are so fashionable here that a woman with implants is often casually referred to as “an operated woman.” Women freely talk about their surgeries, and mannequin makers jokingly refer to the creations as being “operated” as well.
  • The embrace of plastic surgery clashes with the government’s socialist ideology and frequent talk of creating a society free of the taint of commercialism.
  • the world’s largest estimated petroleum reserves — has long fed a culture of easy money and consumerism here, along with a penchant for the quick fix and instant gratification.
  • “Venezuela is known for its oil, and it’s known for its beauty,”
  • Beauty took on a particularly important role in the late 1970s and ’80s when the country’s beauty queens, already a national obsession, were crowned Miss Universe three times.
  • And the beauty queens’ fame helped fuel a fascination with cosmetic surgery and procedures like breast implants, tummy tucks, nose jobs and injections to firm the buttocks.
  • For Mr. Sousa, beauty really is skin deep: “I say that inner beauty doesn’t exist. That’s something that unpretty women invented to justify themselves.”
Javier E

A 'Brave' Move by Obama Removes a Wedge in Relations With Latin America - NYTimes.com - 0 views

  • After years of watching his influence in Latin America slip away, Mr. Obama suddenly turned the tables this week by declaring a sweeping détente with Cuba, opening the way for a major repositioning of the United States in the region.
  • Washington’s isolation of Cuba has long been a defining fixture of Latin American politics, something that has united governments across the region, regardless of their ideologies. Even some of Washington’s close allies in the Americas have rallied to Cuba’s side.
  • “Our previous Cuba policy was clearly an irritant and a drag on our policy in the region,”
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  • “We have to recognize the gesture of President Barack Obama, a brave gesture and historically necessary, perhaps the most important step of his presidency,” Mr. Maduro said.
  • Daniel Ortega, the Nicaraguan president and former Sandinista rebel, was chastising Mr. Obama just days ago, saying the United States deserved the top spot in a new list of state sponsors of terrorism. Then, on Wednesday, he saluted the “brave decisions” of the American president.
  • “We never thought we would see this moment,” said Brazil’s president, Dilma Rousseff, a former Marxist guerrilla who chided the Obama administration last year over the National Security Agency’s surveillance of her and her top aides. She called the deal with Cuba “a moment which marks a change in civilization.”
  • “It removes an excuse for blaming the United States for things,”
  • “In the last Summit of the Americas, instead of talking about things we wanted to focus on — exports, counternarcotics — we spent a lot of time talking about U.S.-Cuba policy,” said the official, who was not authorized to speak publicly. “A key factor with any bilateral meeting is, ‘When are you going to change your Cuba policy?’
  • But while sharp differences persist on many issues, other major Washington policy shifts have recently been applauded in the region, including Mr. Obama’s immigration plan and the resettlement in Uruguay of six detainees from Guantánamo Bay.
  • “There will be radical and fundamental change,” said Andrés Pastrana, a former president of Colombia. “I think that to a large extent the anti-imperialist discourse that we have had in the region has ended. The Cold War is over.”
Javier E

Mexico Faces Growing Gap Between Political Class and Calls for Change - NYTimes.com - 0 views

  • “What has been proposed as solutions are like treating cancer with an aspirin,” said Juan Pardinas, a political analyst at the Mexican Institute for Competitiveness, a research group based here. “There is a kind of deafness on their part without recognizing the huge opportunity to change things in Mexico as a result of this crisis.”
  • “It is a historic breach here,” said Mauricio Merino, an analyst at CIDE, a Mexico City policy institute, and one of 80 intellectuals and representatives of watchdog groups who called on political leaders this week to jettison the proposal for a single special prosecutor and instead create an independent body to fight corruption at the highest levels. “The political class has the power, and they are trying to keep it.”
  • “The federal government has shown a very limited and inappropriate capability to react, and it hasn’t found a rhetoric and narrative that fits this moment of crisis,” he said. “It will be very hard for him to find it, since every discovery and confirmation of the students’ death only fuels the movement and empowers people to mobilize.”
Javier E

Tabaré Vázquez Reclaims Presidency in Uruguay Election - NYTimes.com - 0 views

  • Uruguayan voters elected Tabaré Vázquez as president on Sunday in a show of support for the leftist coalition that has governed the country over the last decade, presiding over robust economic growth and a pioneering set of socially liberal laws, including a state-controlled marijuana market.
  • The election came after a stretch in which Uruguay’s president, José Mujica, 79, a former guerrilla, raised the country’s profile with legislation that legalized abortion and same-sex marriage and created the marijuana market. He is set to leave office with high approval ratings.
  • Dr. Vázquez is more moderate than Mr. Mujica, having vetoed an abortion law during his first term as president. He has also expressed opposition to parts of the marijuana law, a position shared by many Uruguayans as broad skepticism persists over the project. Still, he has said that he would enforce the law.
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  • A more important issue for many Uruguayans involved the handling of economic policy by the Broad Front, a coalition of left-wing parties, with Uruguay registering average growth of nearly 6 percent a year during the last nine years. Even as growth slowed this year, cautious economic policies were seen as shielding the country from external shocks.
  • “Practically 70 percent of Uruguayans hold a positive or very positive view of the economic situation in the country,”
  • during his first term, Dr. Vázquez also governed with his own style, reserving one morning each week to continue practicing medicine.
  • An increase in violent crime also weighed on voters, and Mr. Lacalle Pou, the conservative challenger and son of a former president, ran on a platform seeking to crack down on crime, reduce inflation and improve Uruguay’s schools.
Javier E

Venezuelan Opposition Politician Charged in Plot to Kill President - NYTimes.com - 0 views

  • The authorities in Venezuela charged a leading opposition politician on Wednesday with taking part in a plot to assassinate President Nicolás Maduro. The politician, María Corina Machado, was informed of the charge in a meeting with prosecutors but was not detained. The national prosecutor’s office said in a statement on its website that Ms. Machado was charged with conspiracy and that, if found guilty, she could be sentenced to eight to 16 years in prison.
  • Ms. Machado, who denies taking part in a plot, was a vocal supporter of widespread antigovernment protests this year. Another politician who supported the protests, Leopoldo López, was charged with promoting violence and has been imprisoned.
  • The State Department in Washington issued a statement saying, “We are deeply concerned by what appears to be the Venezuelan government’s continuing effort to intimidate its political opponents through abuse of the legal process.”
Javier E

Mexican Leader Offers Asset Disclosure - NYTimes.com - 0 views

  • President Enrique Peña Nieto said Wednesday that he would disclose details of his assets, a day after his wife promised to give up an opulent new home in one of this city’s most expensive neighborhoods.
  • On Tuesday night, Mexico’s first lady, Angélica Rivera, a former soap opera star, attempted to put to rest suspicions about how she had financed the purchase of her sumptuous home. She said she earned $10 million in 2010, the year her contract with the Mexican television network Televisa ended — more than enough to pay for the property.
  • Ms. Rivera failed to address a possible conflict of interest at the center of the criticism. She signed a contract to buy the 15,000-square-foot house from a subsidiary of a company that won multimillion-dollar contracts from the State of Mexico, the populous state surrounding the capital, while Mr. Peña Nieto was its governor.
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  • According to the government’s investigation, the students were arrested by police officers in the town of Iguala, in the southwestern state of Guerrero, and handed over to the local drug gang on the orders of the mayor, José Luis Abarca, on the night of Sept. 26.
  • Investigators say they believe the students were killed that night and their bodies burned. But the students’ families have refused to believe the government’s version, and daily protests, led by demonstrators bearing pictures of the missing, are a reminder of the government’s failure to improve security and its inability to tackle corruption.
Javier E

Mexican Leader, Facing Protests, Promises to Overhaul Policing - NYTimes.com - 0 views

  • Some of his proposals never made it out of Congress under predecessors, including putting local police under state authority. Yet he has had success pushing through other broad changes designed to improve the economy, and as much as anything he aimed to restore the public’s flagging faith in his governance.
  • The case has pushed Mexico’s chronic problems with organized crime, impunity and lawlessness back to the forefront and forced Mr. Peña Nieto, who had tried to prioritize the economy, to act.
  • “This shows a change from a government that thought that economics will fix security issues, to one that acknowledges that security — and rule of law — is needed to allow economic growth to happen,”
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  • “The real question is whether the Mexican people, who have been promised investigations, overhauls, special commissions, anti-corruption campaigns and institutional reorganizations by this president — and nearly every other authority since the Mexican Revolution — will believe these latest promises,”
  • “You can’t announce credible strategies to deal with corruption without facing his own scandal of his wife’s white house, whether the conflict of interest is real or not,” said Fernando Dworak, a political analyst and columnist. “He needs to give the message, it starts with himself.”
  • Analysts said many of the proposals, if not new ideas, were needed, but questioned whether Mr. Peña Nieto had the credibility to pull them off because of scandals under his watch.
  • Some analysts saw reining in municipal police as a crucial step but questioned whether state forces were any more up to the task, given their own histories of corruption and drug ties.
  • On Thursday, the decapitated bodies of 11 young people were found in Guerrero State, the same state where the students went to school and disappeared. The governor also said reports of a mass abduction before the one in Iguala would also be investigated.
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