Stories for May 11th 2010

Tuesday, May 11th 2010 - 23:59 UTC
Chile Denies “Arms Race”; Praises Homologation Process with Argentina

Chilean Foreign Affairs Minister Alfredo Moreno Charme said he does not see an “arms race” in the continent and suggested following the Argentine–Chilean experience of “homologating military expenditure”.
Tuesday, May 11th 2010 - 21:54 UTC
Current Development Model Can’t Continue, Warns One of Brazil’s top Economists

“With no new international order in sight following the crisis, the only certain thing is that the model of development which caused it can not continue”, said Brazilian economist Maria da Conceição Tavares during a magisterial conference before the United Nations Economic Commission for Latin America and the Caribbean, ECLAC, in Santiago de Chile.
Tuesday, May 11th 2010 - 21:52 UTC
Brazilian Rice Farmers Lobbying for Higher Mercosur Common External Tariff

Mercosur rice planters will be meeting to decide a Brazilian proposal to increase the common external tariff thus preventing the introduction of rice from third countries, precisely this year when Brazil’s crop is expected to be below average.
Tuesday, May 11th 2010 - 21:48 UTC
PM Cameron Ends 13 Years of Labour Rule; First Coalition Government in 70 Years

Conservative leader David Cameron became on Tuesday the new UK prime minister after the resignation of Gordon Brown. Mr Cameron, 43, entered 10 Downing Street after travelling to Buckingham Palace to formally accept the Queen's request to form the next government.
Tuesday, May 11th 2010 - 16:37 UTC
Dramatic Gap between Chile’s Public and Private Health Care Sectors

An investigation by the World Bank and Chile’s Health Ministry confirmed large discrepancies between the public and private health sectors.
Tuesday, May 11th 2010 - 16:36 UTC
Violent Crime Replaces Unemployment as Main Concern in Latinamerica

Latin America has “some of the highest criminality rates in the world” and for the first time in decades delinquency has replaced unemployment as the main concern of the population, according to a report from the Inter-American Commission on Human Rights released this week.
Tuesday, May 11th 2010 - 16:29 UTC
EU “Grumpy” Seven Led by France Against Trade Talks with Mercosur

France and six other countries expressed concern before the European Union about the competition consequences for the farm sector in the event of an agreement with Mercosur.
Tuesday, May 11th 2010 - 04:10 UTC
“Wake Up Call” for Uruguay’s Ruling Coalition in Sunday’s Municipal Elections

Uruguay’s ruling coalition received a “wake up call” from voters during last Sunday’s municipal elections, admitted Vice President Danilo Astori. The Broad Front managed to retain five, probably six, of the 19 regional governments (departments) in which Uruguay is divided, while the opposition took the rest.
Tuesday, May 11th 2010 - 03:40 UTC
PM Brown Steps Down to Open Way for Labour Government with Lib Dems

British Prime Minister Gordon Brown has announced he will step down as Labour leader by September, as his party opens formal talks with the Lib Dems about forming a government.
Tuesday, May 11th 2010 - 03:35 UTC
Euro Support Package Approved by Soaring Global Markets, but Doubts Linger

Global stock markets soared after the European Union and International Monetary Fund intervened to stop the Greek debt crisis spreading and support the weakened Euro.