United States

United States
Tuesday, August 18th 2009 - 13:03 UTC

US media sets eyes on Argentina’s “manipulation of numbers”

“Mathematically impossible” conclusion is even casting doubt about Argentina's vaunted economic growth this decade.

Argentina’s Statistics Institute controversy was joined Sunday by a most reputable newspaper, the Washington Post that called Indec numbers a ”manipulation (...) done under pressure from above”.

Monday, August 17th 2009 - 12:04 UTC

Biggest bank failure in the US; 77 so far this year

Colonial Bank has assets worth 25 billion USD

The United States has seen the biggest bank failure of 2009 with Colonial Bank, which had assets worth 25 billion US dollars as on June 30, closing operations last week after hit by the financial turmoil.

Monday, August 17th 2009 - 10:35 UTC

Released documents reveal Brazil’s crucial role in 1973 Chilean coup

Henry Kissinger, was named “unofficial” direct contact between then President Nixon and Brazilian dictator Emilio Garrastazú Medici.

Former Brazilian dictator Emilio Garrastazú Médici and ex US president Richard Nixon agreed on the need to oust Chilean peer Salvador Allende and Cuba’s Fidel Castro during a meeting at the White house in 1971, when then advisor Henry Kissinger wrote the minutes, according to declassified documents published Sunday.

Saturday, August 15th 2009 - 12:33 UTC

US libertarian think-tank supports legalizing undocumented workers

According to a report from CATO, the positive impact could be equivalent to 180 billion USD

A new study from the libertarian CATO Institute concludes that legalizing the more than eight million undocumented workers in the United States would have significant economic benefits for the country, while simply enhancing border enforcement and applying restrictive immigration laws would actually hurt the US economically.

Saturday, August 15th 2009 - 11:17 UTC

Colombia completes military deal with US and invites Brazil to join

President Uribe said he would like the US accord to be projected through the continent.

Colombia would like to increase its military ties with Brazil and other South American countries, President Alvaro Uribe said on Friday after the Foreign Affairs ministry announced it had completed talks with Washington on allowing US troops to use seven Colombian military bases.

Thursday, August 13th 2009 - 14:36 UTC

Uribe will be present at Unasur summit in Bariloche

According to Colombian military forces commander Freddy Padilla the agreement with the US and reconditioning of bases is 99% agreed.

The Unasur (Union of South American Nations) extraordinary summit to address the US forces in Colombian bases controversy, and which was agreed in Ecuador, will take place in Bariloche at the end of the month announced the Argentine presidency.

Thursday, August 13th 2009 - 14:29 UTC

Zelaya and Lula da Silva call on Obama to solve Honduras political crisis

Massive protests in Tegucigalpa while Zelaya meets Chile’s Bachelet on Thursday

Ousted Honduran President Manuel Zelaya and Brazilian President Lula da Silva called on Wednesday on the United States to use more political influence to help solve the Honduran crisis.

Thursday, August 13th 2009 - 08:34 UTC

Fed says US economy “levelling off” although activity likely to remain weak

Fed will continue to pump liquidity by purchasing up to 1.25 trillion USD of agency mortgage-backed securities and up to 200 billion of agency debt.

The Federal Reserve left US interest rates un changed between 0% and 0.25% describing the current situation as “levelling off” although economic activity is “likely to remain weak for a time”.

Thursday, August 13th 2009 - 08:29 UTC

A second bubble? US homeowners face mortgage debts higher than house value

According to a Deutsche bank report 41% of prime conforming loans will be “underwater” by the first quarter of 2011.

The percentage of US homeowners who owe more than their house is worth will nearly double to 48% in 2011 from 26% at the end of March, portending another blow to the housing market, Deutsche Bank said on Wednesday.

Thursday, August 13th 2009 - 08:22 UTC

Soros optimistic about recovery of the US economy in third quarter

The billionaire financier said that no more stimulus money is needed in the US

The United States economy has hit the bottom and the current quarter will see positive growth because of the government's stimulus spending, according to billionaire financier George Soros.


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