Word: latinities
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...American businessmen flocked to trade shows in Guangzhou, China, searching for bargains from the country's southern factories. "Americans are famous for one thing," says Ken Melwani, Hong Kong - based director of trading company Nikita, whose 10 Chinese manufacturing plants turn out women's undergarments for export to Latin America and Africa. "They don't care about quantity. They just want to know: 'What is the price?'" This year, Melwani noticed that U.S. buyers weren't coming anymore. And something else was different. His bank has stopped pushing loans. "Definitely things have changed from the beginning of this year...
...much the same in Latin America, where Mexico's CEMEX, with nearly $21.7 billion in revenue last year, is one of the largest cement producers in the world. Brazil's Embraer is the leading manufacturer of regional jets in the world...
President Daniel Ortega, Nicaragua's macho and mustachioed Sandinista commandante of the 1970s and '80s, may claim the mantle of revolutionary "new man," but Latin America's feminists insist Ortega is a dirty old man. Throughout the continent, Ortega is being hounded by feminist groups over his alleged sexual abuse of stepdaughter Zoilamerica Narvaez during the 1980s. The allegation first surfaced in 1998, but was eventually dismissed by a Sandinista judge without investigation or trial - despite an investigation by the InterAmerican Commission on Human Rights, which determined that the case had merit. In most democracies, the furor would have been...
...Throughout Latin America, the feminist movement has become Ortega's nemesis, challenging his efforts to restore his image as a progressive and revolutionary leader. Although Narvaez last month wrote to the Interamerican Commission on Human Rights asking it to close the books on her case - she did not retract the accusation that Ortega had sexually abused her, but simply said she'd made a decision to "find a solution" and asked for others to respect her privacy - the president's problem with the women of Latin America continues to grow. Last week in Honduras, Ortega had to sneak in through...
...From an economic perspective, however, Russian problems seem miniscule compared to those faced by its newfound Latin American ally. In an electoral year, Chavez is eager to regain popular support, but the oil-producing country has contracted its growth forecasts due to lack of investment. As inflation reaches over 30 percent per year, the government has increased public sector salaries, a populist move that will only worsen inflationary pressures. Despite the sky-high oil prices, Venezuela is not able to grow its production because the government has used all the money for clientelist programs, rather than securing future investment. Unsurprisingly...