Unemployment is the first evident consequence of the global financial crisis, accordint to the Economic Commision for Latin America and the Caribbean region (CEPAL). When economic is reduced, the numbers in unemployment grow naturally. In Latin America, unemployment was 7.5 percent in 2008, while it grew to 9 percent during the first four months of […]
Tag archives for financial crisis
Cartagena de Indias. The richest men of Latin America came to this city in what they call “Parents and Sons Meeting” this week. They intend to discuss immediate actions to prevent the effects of the global recession in the region. But what is interesting is the type of language they are using: to face it […]
By Albeiro Rodas | Art by Haro Asia | ColPass. While many stand to wait a magician act from new US president Obama to resolve the most irresponsible financial crisis of the modern times, political leaders look for solutions in Davos-Klosters, Switzerland in the annual World Economic Forum that will end tomorrow. There have been […]
Cartagena | ColPas. The meeting of the two most controversial presidents of Latin America in Cartagena de Indias was rather friendly. Even if journalists touched hot subjects like the Farc hostages that broke relations between Chávez and Uribe since November 2007 or the issue of the reelection that both leaders are looking. But the most […]
The two most famous presidents of the Americas will meet in Cartagena de Indias at the end of this month. On 24th January Álvaro Uribe of Colombia and Hugo Chávez of Venezuela will have a meeting to discuss the effects of the financial crisis in the two South American nations.
It is expected that Colombia will rise its production of oil this year. However, it is expected also that the world oil prizes will fall. Therefore, it is expected that the rise in the oil production will mean the same, although it is important.
Even if countries like Argentina, Brazil, Chile, Mexico and Peru have presented big programs to cushion the world recession, it will not be enough to the strong 2009 effects on the regional economies, suggested Standard & Poor’s (S&P).
One of the signs of crisis is the return of migrants to their original countries. Maybe it could be seen as positive by those who dislike migrants, especially from poor countries, but actually that is a sign of economical decadence, both, for the developed nation and for the poor country.
The 2008 Financial Crisis is a problem of capitalism, said Venezuelan president Hugo Chávez in Caracas last Tuesday. He prevented that if the financial crisis will affect his country, he will take socialist measures and not capitalists as US president George Bush did supporting bank crisis.
President Uribe said this week to Colombian enterprises that speculative capitals should be controlled to avoid financial crisis as the one generated in USA that affected the global markets. The crash of Wall Street this week caused the rejection of the House of Representatives to the financial rescue plan of the government of that country, […]