Word: latinization
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Dates: during 2000-2009
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...official, who told the Venezuelan leader that it would be better for his country's relations with the U.S. if he avoided visiting Fidel Castro in Cuba. Chávez, a left-wing nationalist, had yet to develop his gushing friendship with Castro, but like other leaders all over Latin America - even those who dislike the Cuban leader and his politics - he took umbrage at Washington's assumption that it could veto his itinerary...
...popular idea in Washington, given the Venezuelan leader's strident anti-U.S. histrionics. But it's smarter than trying to isolate Chávez, which in the long run would bring us more headaches than headway in the effort to repair Washington's dismal relations with Latin America...
...said last weekend he's willing to meet with Obama, likewise seems to realize that his favorite Yanqui enemy, George W. Bush, is gone, and that a new relationship might be possible with his major oil customer. And as the Castro example demonstrates, it's hard to isolate a Latin American head of state when the rest of Latin America doesn't sign on - and most nations in the region are not willing to freeze out Chávez. He may irritate them, but he also emboldens them, because his oil-fueled socialist revolution has changed the political conversation...
What's more, though they may not admit it, the more moderate Latin leftists who dominate the region's politics today - including Brazilian President Luiz Inácio Lula da Silva, whom Obama has invited to the White House in March - know that their own electoral paths were opened in no small part by Chávez's victory in 1998. So it should have come as no surprise that many Latin American Presidents took issue with Obama's suggestion, in a Univision interview last month, that the Venezuelan leader aids terrorists. After all, last summer...
...Confidence, as many have argued, is crucial during a credit crisis. Derived from the Latin word credere, “to trust, entrust, believe,” credit depends on a threshold of trust to lubricate functioning capital markets. If financial institutions, as creditors, do not trust their debtors—be they individuals, investment funds, or other banks—these institutions will not lend. As the grand dame of economic historians, Anna Schwartz, said in October: “The basic problem for the markets is [uncertainty] that the balance sheets of financial firms are credible...