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...Russians have been bingeing on borrowed funds. The total volume of international financing of the private sector, including bonds, equities and loans, has more than tripled in the past three years to over $76 billion. Indeed, Russia has raised more on international bond markets alone than the whole of Latin America...

Author: /time Magazine | Title: Red Tide at the Casino | 9/25/2008 | See Source »

NORTH AMERICA 2.2% EUROPE 13.1% ASIA 26.8% OCEANIA 0.6% LATIN AMERICA 53.6% AFRICA...

Author: /time Magazine | Title: The World | 9/25/2008 | See Source »

Just as important, Lula has steered Brazil between the Scylla and Charybdis of the right-wing Bush Administration and left-wing Venezuelan President Hugo Chávez, whose clashes have rocked Latin America. In Washington, Lula is seen as an important ally. "Our relationship is solid--there are lots of points of convergence," says Christopher McMullen, Deputy Assistant Secretary of State for Western Hemisphere Affairs. But while Lula bonds with Bush over biofuels--Brazil is a global pioneer in that area--he's also huddling with Chávez over plans to turn South America into an integrated economic bloc along...

Author: /time Magazine | Title: Lula's Way | 9/25/2008 | See Source »

Chilean President Michelle Bachelet emphasized that the success of democracy in Latin America is contingent on the involvement and equality of citizens, in a speech at the Institute of Politics last night. According to Bachelet, who was elected Chile’s first female president in 2006, democracy in Latin America has reached a point where its implementation is no longer on everyone’s minds, making the system vulnerable to an increase in apathy and institutional distrust among citizens. “What I mean is not that I am a pessimist, but we have...

Author: By Lauren D. Kiel, CRIMSON STAFF WRITER | Title: Chilean Leader Focuses On Democracy | 9/24/2008 | See Source »

...Remarkably, Lula has managed to steer Brazil between the Scylla and Charybdis of the right-wing Bush Administration and the left-wing Venezuelan President Hugo Chavez, whose clashes are rocking Latin America. Lula, in fact, is one of the few leaders both Bush and Chavez will listen to. "I joke with them and tell them their fight is very weird," Lula says, "because oil makes them so dependent on one another...

Author: /time Magazine | Title: Brazil Booms by Going Lula's Way | 9/22/2008 | See Source »

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