Stories for August 1st 2011

Monday, August 1st 2011 - 23:02 UTC

As promised Chavez went on national television with his Yul Brynner look

The presidential president taking the oath to new ministers (Photo Reuters)

Venezuelan president Hugo Chavez appeared before cameras on Monday sporting a shaved head, as the effects of chemotherapy begin to take a toll on his body. Chavez, though, looked energetic and even joked about his “new look” which he had anticipated last week as the “Yul Brynner” look.

Monday, August 1st 2011 - 22:51 UTC

Uruguay/Argentina summit will address canal dredging and power transmission

Nueva Palmira is seen as a threatening competitor by Buenos Aires

The dredging of the Uruguay River and access to the Martin Garcia canal as well as importing power from Paraguay are the two main issues of the agenda to be addressed by Presidents Jose Mujica and Cristina Fernandez de Kirchner when they meet Tuesday in Buenos Aires.

Monday, August 1st 2011 - 22:47 UTC

Record Foreign Direct Investment in Uruguay in 2010 with 2.35 billion dollars

Montes del Plata pulp mill in Colonia next to the River Plate should be this year’s largest FDI contributor

Foreign Direct Investment, FDI, in Uruguay was record in 2010 with 2.35 billion dollars (47.8% higher than in 2009) according to the latest report on global investment from the UN Conference on Trade and Development, UNCTAD. FDI represented 30.5% of total gross investment in Uruguay last year.

Monday, August 1st 2011 - 20:40 UTC

Polar front freezes Argentina and Uruguay with below zero temperatures

In several cities in Mendoza and Cordoba streets and cars emerged covered in snow

A polar front advancing over Argentina and Uruguay dragged the thermometers Monday morning in yet another freezing day in the south of the continent. Below zero temperatures were registered in several locations reaching minus 16,2 Celsius in Malargüe, Mendoza Province, according to Argentina’s Meteorological Service (SMN).

Monday, August 1st 2011 - 20:37 UTC

US manufacturing expanded at its lowest in two years in July

The national factory activity level kept falling following a drop of new orders (Photo Reuters)

US manufacturing grew at its slowest pace in two years in July as new orders contracted, a troubling development for the faltering economy. The Institute for Supply Management said its index of national factory activity fell to 50.9, the lowest level since July 2009, from 55.3 in June.

Monday, August 1st 2011 - 20:30 UTC

French women killed in Argentina described as brilliant students in Latam affairs

Police released two suspects and a third remains in custody for questioning

Argentine police detained for questioning a local horse renter in relation to the brutal murder of two French tourists – Moumni Hour and Cassandre Bouvier – found dead with gunshot wounds on Friday at a hiking trail in Quebrada de San Lorenzo, Salta province, 1600 Km northwest of Buenos Aires.

Monday, August 1st 2011 - 20:23 UTC

”We’re the first force nationally and second in Buenos Aires City”, says cabinet chief

Buenos Aires has always been a difficult district, admits Anibal Fernandez

Argentine Chief of Staff, Aníbal Fernández, came on stage Monday after the Buenos Aires City runoff elections to give his breakdown of Sunday’s events which have been described by political analysts a landslide victory for the incumbent mayor Mauricio Macri.

Monday, August 1st 2011 - 19:59 UTC

Nobel Prize Krugman criticized Obama for giving in on debt deal

Budget cuts are like medieval doctors who treated the sick by bleeding them and making them even sicker

The Nobel Prize winner economist Paul Krugman harshly criticized President Barack Obama for giving in to pressure compromising on a debt ceiling deal that defenders say will save the country from default.

Monday, August 1st 2011 - 07:16 UTC

Obama announces agreement to raise US debt-limit; Congress has to vote the deal

The US president makes the announcement on time for the Asian markets to react positively

President Barack Obama announced Sunday Republican and Democratic leaders have reached an agreement on raising the US debt limit and avoiding default. He said the deal would cut one trillion dollars of spending over 10 years, and set up a committee to report by November on a proposal to further reduce the deficit.

Monday, August 1st 2011 - 07:06 UTC

Falklands’ active participation at forum on democracy and transparency

MLA Sawle represented the Islands at the CPA meeting in London

Making the democratic process more clear and transparent and parliamentary reform were among the main issues debated at the 57th Commonwealth Parliamentary Conference CPA, held last week in London and where the Falklands were represented by Dick Sawle, Member of the Islands Legislative Assembly.

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