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...aerial photography of Latin America to determine the locations of mineral deposits : "[T]here is a clear link between between the imperative need for strategic minerals, indispensable for the maintenance of U.S.-led military-atomic power, and the massive purchase of land - usually by fraudulent methods - in Brazil's Amazonia ... To justify the U.S. air force's aerophoto excursions, the [Brazilian] government had previously declared it lacked the resources for the job. Again par for the course in Latin America: its resources are always surrendered to imperialism in the name of its lack of resources...

Author: /time Magazine | Title: Chávez's Gift: Open Veins of Latin America | 4/21/2009 | See Source »

...From there the U.N., apparently fearing they might be targeted for violence or taken hostage, ordered them flown out in two batches to the Dominican Republic. Their departure is having ''a terrible demoralizing effect on the people, who feel abandoned,'' said one. A Haitian intellectual charged that ''the U.S. led us out on a limb and left us there to be eaten up slowly by these tigers.'' His comment indicates the stakes for the U.S. in this showdown. Haiti is important in itself. It and neighboring Caribbean states form a sort of unofficial U.S. border, and any increase in poverty...

Author: /time Magazine | Title: In and Out with the Tide | 4/21/2009 | See Source »

...subprime mortgages to build, though congressional Democrats bear the lion’s share of blame for their obstructionism: They opposed a Bush administration proposal for greater regulation, even though Fannie and Freddie’s own executives favored the change. The lack of broad oversight in financial markets led investors to rely too heavily on faulty investment ratings by firms like Moody?...

Author: By Colin J. Motley | Title: Deconstructing Deregulation | 4/21/2009 | See Source »

...Economists of all political stripes agree that the recession grew largely from certain issues: An unsustainable boom in home prices—propped up in part by daredevil lending—led to a rapid depreciation in home values. When transmitted through securitization, this loss of wealth resulted in a crisis of confidence in credit markets and a downturn in economic activity...

Author: By Colin J. Motley | Title: Deconstructing Deregulation | 4/21/2009 | See Source »

...same time, if Chávez and other Latin leftists want Obama to read Galeano, they in turn should read Obama. In his own books, like The Audacity of Hope, Obama lays out the common-sense, post-ideological political philosophy that has led to the U.S. shift on Latin America that so many in the region are now applauding. It's something Latin America's yanqui-bashers, if they want to keep receiving applause from Latin voters themselves, should keep in mind...

Author: /time Magazine | Title: Signs of Spring: U.S.-Latin America Relations Thaw | 4/20/2009 | See Source »

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