South America

When Venezuelan President Hugo Chavez announced last Tuesday the imposition of new price controls on a long list of consumer items, he expressed optimism that they would help curb inflation:

Colombian government officials claim that the leader of that nation’s most prominent rebel group was killed Friday in an operation carried out by the Colombian military.

With the discovery of huge oil fields off the coast of Brazil in the fall of 2007 came estimates of just what impact they would have on Brazil’s already booming economy. Prior to the discovery of “pre-salt” reserves estimated to be the size of Florida and in excess of 120 billion barrels, Brazil’s economy was already considered to be the 7th largest in the world, according to the International Monetary Fund (IMF), the World Bank, and the CIA.

A top court in Brazil has weighed in on homosexual marriage, ruling that two women can legally tie the knot. According to the Associated Press, Brazil’s Supreme Tribunal of Justice (STJ) is the nation’s highest court to side for same-sex marriage. In May Brazil’s Supreme Court ruled that homosexual civil unions could be recognized, despite the constitution’s restriction that such unions were restricted to a man and a woman. The high court stopped short of ruling in favor of same-sex marriage.

In keeping with his governing style, that is, rule by decree, "President" Chávez recently nationalized Venezuela’s gold mining industry. With its expropriation, the dictator continues his campaign of “21st-century Socialism.”

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