A recent police crackdown on protesting “guiriseros” (artisan miners) in the central Nicaraguan town of Santo Domingo has raised new questions about the government’s ‘come-on-down’ approach to foreign gold mining firms, which have been raking in riches of late thanks to increased production and soaring prices. Read the rest of this entry ?
Archive for the ‘Economics’ Category

Chile Divided Over Corporate-Friendly Fisheries Bill
May 10, 2013Against the objections of artisan fishers, environmental groups and some opposition lawmakers, Chile’s Congress is inching closer toward approving a controversial government-backed overhaul of the country’s fisheries regulations. Read the rest of this entry ?

Nicaragua Creeps Ahead With Pricey ALBA Oil Project
May 10, 2013Just months after pledging to build a long-dreamed-about “Nicaragua Canal,” the government of President Daniel Ortega is now turning its attention to another dizzyingly expensive megaproject: a Venezuelan-backed oil pipeline and refinery scheme dubbed the “Supremo Sueño de Bolivar,” Bolivar’s Supreme Dream. Read the rest of this entry ?

Sunny Economic Outlook Boosts Ortega As Election Nears In Nicaragua
January 7, 2012A recent economic upswing in Nicaragua couldn’t have come at a better time for President Daniel Ortega, who is quickly closing in on an unprecedented – and arguably unconstitutional – third term in office. Nicaragua’s upcoming general election is set to take place Nov. 6. Read the rest of this entry ?

Salvadoran President Mauricio Funes Puts His Mouth Where The Money Is
April 17, 2011Since assuming office in the midst of a global financial crisis, President Maurico Funes has taken a mostly wait and see approach to El Salvador’s economy, opting to ride out the storm while focusing his energies on areas such as public security and foreign policy. The new year, however, appears to have brought with it a shift in priorities for the popular Salvadoran leader, who is now promising a series of measures to breath some life into the stagnant economy. Read the rest of this entry ?

Nuclear Renaissance Underway In Argentina
December 4, 2010Left for decades on the proverbial back burner, Argentina’s once cutting edge but now very much dusty nuclear power sector is experiencing a real renaissance. For the first time in more than a quarter century, the country is preparing to open a new nuclear power plant, its third. More may be on the way as Argentina looks to ease its dependence on fossil fuels, particularly natural gas. Read the rest of this entry ?

Electricity Crisis Spells Dark Days For Venezuela, Chavez
February 12, 2010
Home to one of the world’s most extensive oil and natural gas reserves, energy-rich Venezuela is nevertheless experiencing serious power problems at the moment, grappling with an acute electricity crisis that has resulted in rationing, rolling blackouts and periodic protests.
The government blames Mother Nature. In recent months a prolonged drought has parched the country, causing severe water shortages. A side effect has been decreased water flow (and thus reduced capacity) to the massive Guri Dam, a 10,200-megawatt (MW) behemoth that supplies more than 70 % of the country’s electricity. Located along Bolivar State’s Rio Caroni, the 1,300 meter-long dam – officially called the Central Hidroeléctrica Simon Bolivar – is the world’s third largest after the Three Gorges Dam (18,300 MW) in China and the Itaipu complex (14,000 MW) along the Brazil/Paraguay border.

Quellon, Ground Zero In Chile’s Great Salmon Bust
February 2, 2010Quellón, REGION X – In the dwindling light of a crisp autumn evening, snow-covered Corcovado and its sister peaks shine pink above the silhouetted fishing boats that stretch out beyond the harbor in Quellón. The alpine glow is short-lived, though, and as the sun drops below the horizon the tempting distraction of the distant volcanoes fades to black.
Lights flicker on in the mostly empty hotels and restaurants that line the Costanera, a bay-front road stretching the length of the city. The air smells of wood smoke, salt water and decay. A handful of drunks lurch by in the direction of Quellón’s main pier, where a dozen other men lean idly against a railing. Surrounding the dock are boats of all shapes and sizes. Too many are anchored. The city, some people fear, is dying. Read the rest of this entry ?



