Stories for August 19th 2009
Brazil, Chile, Peru and Colombia recovering from the global crisis
Brazil, Chile, Colombia and Peru are in the process of economic recovery, while Argentina, Bolivia, Ecuador, Paraguay, Uruguay and Venezuela are in a recessive phase according to a report released Wednesday and jointly drafted by Brazil’s Getulio Vargas Foundation and the University of Munich.
Arbitrary arrests and beatings in Honduras, claims Amnesty report
In the seven weeks since the military-backed bloodless coup in Honduras, several hundred people protesting against the de facto government have been arbitrarily arrested and beaten by government forces, a new Amnesty International report says.
Warren Buffet praises US “rescue” but warns about mounting debt
US billionaire Warren Buffett said that the US economy appears to be recovering, though the “enormous dosages of monetary medicine” used to fix it might pose a threat as “ominous” as last year's financial crisis itself.
UK Conservative MPs want salaries doubled to £ 130.000
The row over British Member of Parliament expenses has reignited after two senior Tories called for MPs to be given massive pay rises. Sir Patrick Cormack, who was a candidate for Commons Speaker, said their salaries should be doubled - from £64,766 to more than £130,000, in return for scrapping their controversial second homes allowances
“Deep scars” from recession will an effect for years to come, warns IMF
The world has begun to recover from recession but the process will not be simple, the International Monetary Fund (IMF) has warned. The recession has “left deep scars which will affect both supply and demand for many years to come” according to IMF chief economist, Olivier Blanchard.
Six million working age adults Britons claiming benefits
The number of British working-age adults claiming benefits is set to hit six million this month, a UK think-tank has predicted. The centre-right Policy Exchange forecast the rise using official Government figures on benefit claimants and the latest unemployment figures.
Falkland Islands Tourist Board launch marketing campaign in the UK
The Falkland Islands Tourist Board has launched an innovative marketing campaign in the UK this week, to help protect the islands from the impact of the economic recession.
Clear and reliable rules of the game, Uruguay’s main asset
Uruguay remains as a most attractive country for Argentine investors because of its business opportunities, logical taxing system and absence of export levies plus its geographical closeness, according to Luis Bonetto Argentine investment advisor and expert in agriculture.
Mujica meets President Bachelet and expresses admiration for Chile
Uruguay’s ruling coalition presidential candidate Senator Jose Mujica met on Tuesday with Chilean president Michelle Bachelet as part of a regional campaign to boost the Broad Front ticket. Last week Mujica and his ticket partner economist Danilo Astori met with Brazil’s Lula da Silva.
Some positive signs for Argentine industrial activity in spite of poor data
Argentine industrial activity during July plunged for the tenth month running going down 9.5% compared to a year ago, and accumulates so far this year a contraction of 8.7%, according to a private financial consultant group based in Buenos Aires.
