Category: Web Articles

Article is spot on. The war on drugs will ultimately be as effective as Prohibition. The U.S. is happy for market forces to prevail in just about every conceivable area of society except this one. For instance, we are allowed to buy guns which kill others, but not drugs with which to kill ourselves, if we so chose. As this war is prosecuted in a way which costs few “American” lives and is conducted out of sight of the average voter, there is as yet no momentum to tackle this appalling hypocrisy.

I wholeheartedly agree! It is time to understand that the major problem rests with consumers. In every town across America, the consumer acts without risk of penalty. It is time to put the blame at the feet of the consumer. I am for a major change in policy, in the direction you propose.

It is outrageous to think that the only (or main) reason to pass the DR-CAFTA is to stop more Latinos immigration to the US, and therefore avoid “gang violence and illegal drug traffic”. This statement is much worst than of recent comment of racial content of President Fox, for which he was greatly criticize. The writer “unfortunately forgets” that in words of Mr. Bill Frenzel, chairman of the ACTPN, “counting the European Union as a single market, the expanded CAFTA is America’s 9th largest export market. The $15 billion of U.S. exports to the enlarged CAFTA area last year makes CAFTA the largest American export market in the Western Hemisphere after Canada and Mexico — more than one-third larger, for example, than the Brazilian market for U.S. exports”. In a letter to President Bush he described the CAFTA as an “exceptional agreement” and stated that “in addition to it’s economic benefits, the agreement will contribute to political stability” in the region, not the other way around as this article suggest. It was a poor judgment, and coming from the best business magazine that covers Latin America, make’s it unforgivable.

Comentario final de la crónica, es súper cierta en mi opinión.
Es mas Latin America esta con tendencias a unirse cada vez mas, todavía poco, pero están mucho mas simpáticos entre si. Siento hay veces que Colombia esta sola y Uribe cada vez mas fuerte a pesar de haber sido débil el paquete económico lazado y sus ganas de combate el desempleo, aun así también con tendencia a aproximaciones con el Bloque.
Definitivamente la omisión de USA abre espacio para Intra regionalización del bloque Latino Americano
Cual escenario seria mejor para nosotros ??? Es una pregunta que para el largo plazo no sabría responder

We share the levels of concerned expressed in your article and believe that the Latin american Countries are as much to blame as the USA. There is not a unified position to deal with the USA. The segregated interests of the various potentially significant countries, like, Brazil, Mexico and Chile, are sufficient enough to put aside the common objective to deal as a common front. Latin American countries’ politicians do not have the will to take the strengths of its people and the resources of their countries to a plataform that is significant enough for the USA politians to notice. We will always be behind and more so if you add to the equation the population and economic statistics we have inherited.

Good analysis. I AGREE.

Isn’t there in your note about the possible man for the IDB top job a word for the other candidate: Mr. Mario Alonso Icalbaceta (former IFC man and current President of the Central Bank of Nicaragua)?.

Everything the editor wrote is true about Argentina, and yet everything is as it should be: the markets got what they deserved. Therein lies the paradox.

It has confounded me since the crisis emerged that while Argentina is rightly chided as an “irresponsible borrower”, Wall Street has managed to sidestep any of the blame. The Street’s Latin American financiers earned in excess of $1 billion in fees during the go-go ’90s with comparatively little risk: the world over, from the IMF to the Italian widow/investor had nothing but praise for Argentina. Yet the bankers kept pushing money on the country, who was more than happen to take it. And when Argentina’s debt ratios began getting high and US fund managers started to pass on more of the paper, the Street began looking for less sophisticated buyers, in effect dumbing down the offerings by issuing bonds in more currencies and smaller denominations. Enter the Italian widow.

And now the smart money is once again sniffing around at Argentina, and why not? The markets are yield-starved; Argentina may offer attractive rates. The crisis happened a few years ago; the next one won’t be for a few more. The Street yearns for the Good Old Days of the last decade; they can be counted on to put together persuasive road shows again soon. And so caveat emptor is indeed the best way to go, but please – it is hard to stomach the bankers tsk-tsking Argentina.

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