Stories for November 2012

Friday, November 23rd 2012 - 09:54 UTC
Australian scientists ‘discover’ the island that never was in the mid-Pacific

A South Pacific island identified on Google Earth and world maps does not exist, according to Australian scientists who went searching for the mystery landmass during a geological expedition.
Friday, November 23rd 2012 - 09:27 UTC
Unasur delegate in non-official fact finding mission in Paraguay

The head of the Unasur High Level Group for Paraguay, former Peruvian Prime Minister Salomon Lerner is currently in the country where he arrived as a simple tourist with plans to meet local political leaders, members of the country’s Electoral Tribunal and get a feeling of the atmosphere in the run to presidential elections next April 2013.
Friday, November 23rd 2012 - 05:24 UTC
Argentina to request on Monday a review of US Judge Griesa latest ruling

Argentine Economy Minister Hernán Lorenzino assured during a press conference on Thursday that “paying off the vulture funds is illegal,” and said that the ruling by US District Judge Thomas Griesa against Argentina is “unfair”.
Friday, November 23rd 2012 - 05:19 UTC
Mexico’s war on drugs a “failure” according to public opinion poll

The war on drugs launched by outgoing Mexican President Felipe Calderón six years ago has been a ‘failure’ concluded a public opinion poll on public security and law and order, done by the Mexico United against Crime non government organization.
Friday, November 23rd 2012 - 01:46 UTC
Roubini warns Argentina is heading for a highly vulnerable “State capitalism”

Argentina is adopting measures that impact negatively on investors and consumers confidence warned US economist Nouriel Roubini who became world famous for having anticipated the international crisis of the sub-prime mortgages and junk bonds.
Thursday, November 22nd 2012 - 22:56 UTC
Argentine navy short on spares and resources for training and maintenance

The Argentine navy is not going through one of its great moments, not only because of the impounded flagship ARA Libertad in Ghana and the ARA Espora stranded in South Africa waiting for spares. The rest of the fleet is suffering the consequences of years of lack of maintenance and training with corvettes, destroyers and even submarines involved in mechanical and conducting incidents.
Thursday, November 22nd 2012 - 21:35 UTC
North Dakota oil and gas production increasing 3% to 5% monthly

Crude production from the Bakken and Three Forks formations in North Dakota could rise by another 50-100% in the next three years, and not start to decline until 2020 or even 2025, according to official projections from the North Dakota Oil and Gas Division.
Thursday, November 22nd 2012 - 21:09 UTC
Brazilian labour market robust with unemployment 5.3% in October

Brazil's unemployment rate fell in October, suggesting the country’s robust labour market will continue to support domestic demand through an incipient economic recovery.
Thursday, November 22nd 2012 - 21:05 UTC
Brazil government exposes alleged links of the opposition and media with the king of illegal gambling

A Brazilian congressional committee has asked the Attorney General’s Office to prosecute on conspiracy charges two editors from the opposition magazine Veja because of their links with the chief of illegal gambling in the country, Carlinhos Cachoeira.
Thursday, November 22nd 2012 - 20:51 UTC
Chinese government bankers and financers warned on extravagant and lavish expenditures

China will ban executives from state-owned banks and financial companies from spending extravagantly on cars and houses, according to the state news agency Xinhua. The 12 regulations, issued jointly by the Ministry of Finance, the Ministry of Supervision and the National Audit Office, come after Communist Party chief Xi Jinping warned that the party risks major unrest and the collapse of its rule if corruption is allowed to run wild in China.