Rumors that Brazil’s finance minister — considered by many to be the only voice of reason in an administration riddled with corruption and determined to spend the country into bankruptcy — will shortly be resigning his position is causing more problems for the beleaguered nation.
A combination of corruption and central bank and government interventions is sinking Brazil's once-vibrant economy.
Socialists, such as Venezuelan President Nicolas Madura, will not be deterred in their quest to build their socialist utopias, even by the disastrous consequences of the economic reality their policies bring.
While Obama was busy coddling the brutal communist dictatorship enslaving Cuba, Latin Americans from Ecuador and Brazil to Venezuela, Cuba, and beyond were busy trying to throw off the chains being imposed on them by their governments. In Ecuador, massive protests against the regime of socialist strongman Rafael Correa exploded into violence amid a nationwide uprising against Correa's bid to stay in power indefinitely and make himself a “dictator.” Brazilians in more than 200 cities gathered by the tens and hundreds of thousands to demand the impeachment of Marxist-Leninist President Dilma Rousseff's regime, which barely held on to power amid an avalanche of scandals and what multiple analysts said was a rigged election. And this may be just the start.
As Venezuela’s economy implodes amid skyrocketing inflation and crippling shortages of practically everything, Socialist strongman Nicolás Maduro has a new plan to prop up his imploding regime: annex two thirds of neighboring Guyana’s territory and almost one third of its population.
Protests in dozens of cities bring out more than 1.5 million Brazilians to call for President Rousseff’s ouster in response to corruption, inflation, and recession.
In an effort to control the chaos created by food shortages caused by inflation and price controls, Venezuela's government sent the military to occupy grocery stores.
The UN climate conference in Lima, Peru, is on track to have the largest carbon footprint of any UN climate conference to date.