Word: argentinas
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...TSTW could count the ways, from Argentina to Zurich, from anemia in the eurozone to the fall of the house of the Rising Sun, that there might still be a bear out there. But merely coming back to work from a three-day weekend is depressing enough - we?ll wait for the economic reports of fall to tell that tale. And at least the investors seem so happy to be back...
WHAT HAPPENED: Argentina has a debt crisis again, its exports hurt by the peso's link to the strong dollar. A weak government faces real unpopularity in the streets. Mexico--a star for the past two years--is suffering because its economy is now so closely tied to that of the U.S. Brazil takes a hit whenever other Latin American economies are in the news for the wrong reasons...
OUTLOOK: Troubling. Economic populism seems to be making a comeback in the region, though protectionism never did Latin America much good. Argentina's stable for now--but for how long? Keep an eye on Brazil, which is the key to South America's economic stability. Mexican President Vicente Fox will have much to say to his pal Dubya in Washington next week...
...Wednesday, O?Neill signed off on an IMF plan to provide $8 billion in new loans for Argentina, on top of $13.7 billion package the country received just eight months...
...Wilson's scientific contributions began early. He was 13 when he discovered, in a vacant lot near the docks of Mobile, Ala., the first known U.S. colonies of fire ants, Solenopsis invicta, invaders from Brazil and Argentina known in the South as "the ants from hell...