By Ernesto Talvi - Center-left and populist governments' hegemony in Latin America for most of the last decade now seems to be coming to an end, with center-right parties rising to power in Argentina, Brazil, Guatemala, Paraguay, and Peru.
Friday November 11 is Remembrance Day (Poppy Day) and the event will be recalled in Uruguay with a brief service at the British Cemetery, November 11th, at 11:00 am, and a Remembrance Sunday Service will take place on Sunday 13 November at 10:30 am, at the Cathedral of the Holy Trinity (Templo Inglés).
England and Scotland's footballers will defy the sport's global governing body and wear black armbands bearing poppies in their 11 November match. The FA and SFA have rejected FIFA's ban on poppies being displayed on the pitch for the World Cup Armistice Day qualifier. The ruling by football's world governing body was earlier described by the Prime Minister as “utterly outrageous”.
British government’s plan for leaving the European Union was thrown into uncertainty on Thursday after the High Court ruled that Parliament must give its approval before the process can begin. The court’s decision seemed likely to slow — but not halt — the British withdrawal from the bloc, a step approved by nearly 52% of voters in a June referendum.
By Kenneth Rogoff
Markets nowadays are fixated on how high the US Federal Reserve will raise interest rates in the next 12 months. This is dangerously shortsighted: the real concern ought to be how far it could cut rates in the next deep recession. Given that the Fed may struggle just to get its base interest rate up to 2% over the coming year, there will be very little room to cut if a recession hits.
The President of Mercosur’s parliament (Parlasur) thinks that the European Union’s current tabled offer is “unsatisfactory” and made it clear that it shouldn’t be signed in its current form. Jorge Taiana, head of the parliament, and former foreign minister with ex president Cristina Fernandez, complained that the negotiations, which resumed about seven years ago, are taking far too long, but added that in the absence of a “balanced agreement”, nothing should be signed.
Brazilian president Michel Temer said that the economic adjustment implemented by Brazil is inspired in the program of former prime minister Margaret Thatcher, who led the UK from 1979 to 1990. As Thatcher use to say and we are following in Brazil, containing government expenditure is necessary because we are only going to spend collected revenue.
An average of nine people were killed per day at the hands of Brazil's notoriously violent police force in 2015, an increase from last year despite a nationwide drop in murder rates. In 2015, 3,345 people were allegedly killed during police interventions across Brazil, up 6.3% from the previous year's count of 3,146. The statistics come from the 10th Public Security Yearbook published by the Brazilian Forum on Public Security.
Argentine and British diplomats will be meeting next 10 December in Geneva with the Red Cross to advance in the identification of the remains of 123 Argentine combatants buried at Darwin cemetery in the Falkland islands since 1982.
A European Union parliament delegation of fourteen lawmakers is in Buenos Aires to prop Mercosur/EU trade talks, and even admitting there has been advances, and prospects are encouraging, they also acknowledged that many objections from both sides persist.