Stories for March 25th 2008
US financial officials “forgot to preach with the example”
Unites States banking authorities and regulators who during the nineties recommended Latinamerica to closely monitor its financial system “apparently forgot to look at home and this has led to the current financial crisis”, said Uruguayan economist Enrique Iglesias
Bull market for lamb and mutton in 2008 predicts SUL
In the first six weeks of 2008 the average price of Uruguayan ovine meat exported to Brazil averaged 2.593 US dollars per ton, which is 17% higher than in the same period of 2007, according to the latest edition of the official publication from the Uruguayan Wool Secretariat (SUL).
Tata Motors takes over Jaguar and Land Rover this week
Ford is expected to announce on Wednesday the sale of Jaguar and Land Rover to India's Tata Motor's reported the Financial Times. The approximately 2 billion US dollars deal will include a pledge by Ford to contribute to the two brands' pension fund, and by Tata to continue buying engines from Ford, sensitive points with trade unions.
Argentine officials tell farmers “no dialogue under pressure”
The Argentine government will not dialogue “under pressure” with striking farmers said Monday Justice minister Anibal Fernandez. Farmers have completed twelve days of surprising successful protests against the government's tax policy on grain, beef and dairy exports.
South Korea bans mozzarella imports from Italy
South Korea has banned the import of Italy's best mozzarella after reports some cheese was made with milk contaminated with cancer-causing dioxin, an official announced Monday in Seoul.
Incredible scientific finds in Ross Sea cruise survey
Scientists who conducted the most comprehensive survey to date of Antarctic waters close to New Zealand were surprised by the size of some specimens found, including jellyfish with 12-foot tentacles and 2-foot-wide starfish, and fields of ”sea lilies
Chilean Air Force pilots migrating to commercial airlines
The Chilean Air Force is increasingly concerned with the “loss” of highly trained pilots that are migrating to commercial airlines attracted by higher salaries and better working conditions. The issue is considered so serious that the Congressional Senate and Lower House Defence committees have decided to address the issue.
Brown and Sarkozy to call for greater bank transparency
British Prime Minister Gordon Brown and French president Nicholas Sarkozy are expected to call on banks this week to issue “full and immediate disclosure of their write-offs” as a consequence of the global credit crunch, according to British sources.
USDA: Raising a child to adulthood costs 204.000 US dollars
Middle income families in United States should calculate that raising a child born in 2007 to adulthood will demand an estimated 204.060 US dollars in food, housing and education costs, according to an annual report from the US Department of Agriculture.
Argentina's foreign debt stands at 123 billion US dollars
Argentina's foreign debt stood at the end of 2007 at 123.197 billion US dollars, a 13.3% hike over the 108.762 billion of 2006, according to the latest report from the country's Statistics and Census Institute, Indec.
