MercoPress. South Atlantic News Agency
Stories for July 22nd 2009
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Wednesday, July 22nd 2009 - 07:18 UTC
Uruguay rejects proposal to grant Mercosur more powers
Uruguay will reject a Brazilian proposal to create a Mercosur High Court of Justice and grant more powers to the regional parliament when the Mercosur summit meets next Thursday and Friday in Paraguay. Uruguay also anticipated it would make a strong claim regarding the trade barriers imposed by Mercosur senior members, Argentina and Brazil.
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Wednesday, July 22nd 2009 - 07:08 UTC
British Parliament clean up bill has received Royal Assent
A bill aimed at cleaning up Parliament after the MPs' expenses scandal has become law after getting Royal Assent. Just weeks after the Parliamentary Standards Bill was introduced, it is now on the statute book after a series of concessions by the government.
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Wednesday, July 22nd 2009 - 07:06 UTC
Venezuela reacts angrily to US report on cocaine smuggling and corruption
Venezuela said United States must stop publishing “interventionist” reports criticizing the country’s drug interdiction practices in order for relations to improve. A report released Monday by the US Government Accountability Office, GAO, amounts to “political blackmail” warned the Venezuelan Foreign Affairs ministry in an e-mailed statement
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Wednesday, July 22nd 2009 - 07:03 UTC
US government exposure to financial crisis could reach 23.7 trillion USD
The total exposure of the US government to the financial crisis could reach 23.7 trillion US dollars, according to a watchdog report. Neil Barofsky, overseeing the Troubled Asset Relief Programme (Tarp), made the estimate in prepared remarks to a House of Representatives committee. The US GDP for 2008 was estimated in 14.3 trillion US dollars.
