Word: lago
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...earthquakes set off severe flooding and mud slides in the highlands above the town of Lago Agrio, 150 miles northeast of Quito. A wall of mud and water careered eastward along the channel of the Aguarico River, sweeping away everything in its path. Entire villages, along with bridges, roads and crowded buses, were buried in thousands of tons of mud. The deluge left as many as 110,000 people homeless...
...disaster brought the country's reeling economy to its knees. Mud slides destroyed 25 miles of Ecuador's vital oil pipeline, which begins at Lago Agrio and travels 340 miles through the Andes to the Pacific port of Balao. The rupture forced the suspension of oil exports, which in recent years have accounted for 60% of the country's export earnings. Already hard hit by falling prices of crude oil, in the wake of the earthquakes Ecuador suspended all payments on its $8.2 billion foreign debt for the rest of this year. Febres Cordero said he took the action "without...
When Washington first imposed a trade embargo on Cuba in October 1960, it hoped to force Havana to abandon Marxism. Today, nearly 25 years later, the Cuban government is still Marxist, and it is one of Moscow's closest allies. The example is mentioned by Carmelo Mesa-Lago, director of the Center for Latin American Studies at the University of Pittsburgh, as evidence that trade sanctions are at best only temporarily damaging. In the long run, he believes, the embargo against Nicaragua "will not work. History shows it did not work in the case of Cuba...
...smaller than Cuba (pop. 10 million) and has fewer resources and is a less developed economy. Unlike Cuba, Nicaragua still has a large private sector (at least 60% of its economy), which is likely to be severely hurt by the U.S. embargo. That is one reason, warns Mesa-Lago, why sanctions may serve to rally some Nicaraguans around the very government that Washington finds so repugnant...
...stacks along the St. Nicolaas beach on Aruba no longer belch smoke into the luminous tropical air. After 60 years of refining more than 6.5 billion bbl. of crude, including 1 out of every 16 bbl. of aircraft fuel used by Allied forces in World War II, Exxon's Lago refinery, once the largest in the world, will shut down this week. The closing marks the end of an era in the world oil industry and spells trouble for the 70-sq.-mi. Caribbean island. The refinery has provided Aruba with more than half its annual income for better than...