12.06.2006

Wednesday's News

Robert Pastor outlines suggestions to improve the sagging US-Mexico relationship, which should not have been focused on migration. Miami Herald

Venezuelan president Hugo Chavez has recently taken to invoking God in his Bolivarian Revolution. Miami Herald

OAS Secretary General Jose Miguel Insulza said that Cuba and the US should initiate a dialogue before Fidel Castro's death. El Nuevo Herald

Amidst rumors that his illness was exaggerated, Gen. Augusto Pinochet was said to be recovering from a heart attack. BBC

Among Chavez's plans detailed in the "Simon Bolivar National Plan" are the renaming of Venezuela to Socialist and Bolivarian Republic. BBC

Guayaquil's candidate, Alvaro Noboa, may have lost, but the city remains optimistic in terms of further investment and economic growth. The new government also promises to implement protectionist economic policies. Latin Business Chronicle

Ecuador has surpassed Iraq in terms of market risk when measuring the cost increase for credit default swaps, or protection against sovereign default. President-elect Rafael Correa's threats to not pay off Ecuador's foreign debt has had a large impact on Ecuador's bonds. Financial Times

Nicaragua's tiny $1.6 billion annual budget only allows for $200 per citizen to spend on social programs. AP

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