
Brazilian Defence minister Nelson Jobim begins this week a tour of neighbouring Mercosur partners where he is scheduled to sign a statement underlining the strategic relation with Argentina, and further on Uruguay’s interest in military cooperation and equipment.

Colombian President Juan Manuel Santos said in an interview published Sunday that he could consider legalizing drugs as a way to reduce violence and crime in his country. He joins a list of prominent Latinamerican leaders who are promoting the initiative.

US marine archaeologists have found the sunken whaling ship belonging to the captain who inspired Herman Melville's classic 19th Century novel, Moby Dick. The remains of the vessel, the Two Brothers was found in shallow waters off Hawaii.

China is launching a body to review foreign attempts to buy local companies in a move that might add to strains over access to its markets.

The Spanish newspaper El Pais published new Wikileaks cables of the US embassy which mention the relationship between Argentina’s Kirchners ruling couple and the banks especially during the period previous to the presidential election of Cristina Fernández de Kirchner (2007).

A British government minister said on Sunday there should be an international approach to dealing with the overseas assets of deposed Egyptian president Hosni Mubarak and his family.

A majority of Argentines, 74%, believes that inflation is harming their finances and a similar percentage, 74%, considers the administration of President Cristina Fernandez de Kirchner is hardly interested in the issue, according to a public opinion poll published Sunday in Buenos Aires La Nacion.

Mr. Andres Cisneros’s reply to the article “Unilateral Facts” by Dr. Graham Pascoe and myself last Sunday in the BA Herald, (Jan 21st and Feb 6th in MP), does not answer our points adequately. Our article was specifically about Argentina’s hypocrisy in using UN Resolution 31/49 to criticise Britain’s acts as “unilateral”. Instead he launches a general anti-British diatribe, and makes a number of errors. The worst are as follows.

The Organization of American States, (OAS), Secretary General Jose Miguel Insulza said that democracy must impose limits on Latin America’s presidential successive re-election tendency.

IMF warned inflation is threatening South America but also admitted countries had a dilemma since increasing interest rates could further worsen the appreciation of local currencies vis-à-vis the US dollar.