Green Energy
More evidence of Iran's extending its tentacles into our hemisphere:
- Showtime Goes "south Of The Border"
In other words, Showtime is sucking Socialist cock tonight, by featuring Oliver Stone's documentary, South of the Border, which deals with the Hugo Chavez Revolution, among others. Here's some information on South of the Border: South of the...
- You Know It's Nice To Have An Aircraft Carrier When....
Colombia takes more heat from Latin America left CARACAS (Reuters) - Latin America's leftist leaders heaped more criticism on Colombia, leaving it increasingly isolated on Thursday in a crisis that has threatened political stability in...
- Please Hugo, Do It
Wash Times: South America on brink of war By Martin Arostegui March 3, 2008 SANTA CRUZ, Bolivia -- South America was on the brink of war yesterday as Venezuela and Ecuador amassed troops on the Colombian border in response to the...
- Say, What Was That Patrick Swayze Flick ? The One Without "baby" In The Corner.
GERTZ: Iran networking with Latin America's underclass Welcome to Iran's new playground, located just south of the U.S. border. Iran has been pumping billions of dollars into creating a network of agents in just about every country...
- What's The Mossad For Anyway?
Iran's Ahmadinejad to tour Latin America Iranian President Mahmoud Ahmadinejad is to kick off a four-day tour Saturday to Ecuador, Nicaragua and Venezuela, whose leaders share his defiance towards the United States, media said. "Ahmadinejad will...
Green Energy
Ecuador Defaults: Iran Provides The Line Of Credit
More evidence of Iran's extending its tentacles into our hemisphere:
Ecuador's President Rafael Correa said yesterday that his nation is defaulting on its foreign debt, fulfilling his longtime populist pledge to leave international creditors in the lurch.Correa called having debt immoral. Applying a principle of shari'a finance?
The default, Ecuador's second in 10 years, could rattle already jittery investors who have pulled billions of dollars out of emerging markets in recent months as the global financial crisis has spread. It could also set back U.S. interests in Latin America, as Correa now seeks to deepen financial ties with allies like Iran, which this week granted the South American nation a new $40 million credit line.
Yet some analysts say the impact of Ecuador's default may be relatively contained.
[...]
...Ecuador is ceasing payments not because the oil-rich country cannot afford to pay but because it has made a political decision not to....
[...]
It is exceedingly rare in global finance for a nation not to honor its debt because it doesn't want to, as opposed to not being able to make payments because of a financial crunch. Some analysts fear it may set a precedent, emboldening other leaders who share Correa's ideology -- such as Venezuela's Hugo Chávez -- to make similar pronouncements.
"That is the real concern," said Alessandra Alecci, senior analyst for Moody's Investors Service in New York. "At some point, do you see Argentina and Venezuela saying, 'Well, Ecuador did it, why can't we?' "...
- Showtime Goes "south Of The Border"
In other words, Showtime is sucking Socialist cock tonight, by featuring Oliver Stone's documentary, South of the Border, which deals with the Hugo Chavez Revolution, among others. Here's some information on South of the Border: South of the...
- You Know It's Nice To Have An Aircraft Carrier When....
Colombia takes more heat from Latin America left CARACAS (Reuters) - Latin America's leftist leaders heaped more criticism on Colombia, leaving it increasingly isolated on Thursday in a crisis that has threatened political stability in...
- Please Hugo, Do It
Wash Times: South America on brink of war By Martin Arostegui March 3, 2008 SANTA CRUZ, Bolivia -- South America was on the brink of war yesterday as Venezuela and Ecuador amassed troops on the Colombian border in response to the...
- Say, What Was That Patrick Swayze Flick ? The One Without "baby" In The Corner.
GERTZ: Iran networking with Latin America's underclass Welcome to Iran's new playground, located just south of the U.S. border. Iran has been pumping billions of dollars into creating a network of agents in just about every country...
- What's The Mossad For Anyway?
Iran's Ahmadinejad to tour Latin America Iranian President Mahmoud Ahmadinejad is to kick off a four-day tour Saturday to Ecuador, Nicaragua and Venezuela, whose leaders share his defiance towards the United States, media said. "Ahmadinejad will...