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Current Events Analysis
Drug lord 'La Barbie' takes spotlight in Mexico City
Edgar Valdez Villarreal was arrested after a 14-month manhunt involving 1,200 Mexican federal police and an unknown number of U.S. agents. He faces multiple indictments in the United States for importing tons of cocaine. Mexican authorities say he is a kidnapper, torturer and murderer - as well as a major trafficker of marijuana and cocaine.

Efforts fail to stem flow of drug money
Stashing cash in spare tires, engine transmissions and truckloads of baby diapers, couriers for Mexican drug cartels are moving tens of billions of dollars in profits south across the border each year, a river of dirty money that has overwhelmed U.S. and Mexican customs agents.

 
Global Issues / Environment
China passes Japan as second-largest economy
After three decades of spectacular growth, China passed Japan in the second quarter to become the world’s second-largest economy behind the United States.

Fidel Castro addresses parliament on Iran
Former President Fidel Castro of Cuba addressed a session of Parliament for the first time in four years on Saturday, the latest of several recent public appearances after a long period of seclusion.

 
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A society without an aristocracy, without an elite minority, is not a society.
José Ortega Y Gasset (1883-1955)
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<< Economia
Venezuela impuesto para operaciones bancarias de empresas
El presidente Hugo Chávez aprobó un decreto ley que fija un impuesto de 1,5% a las transacciones financieras de las empresas a partir del próximo mes, y que estará vigente durante dos meses.

El nuevo tributo, que fue publicado el lunes en la Gaceta Oficial, prevé que las empresas deberán cancelar el impuesto de 1,5% por las cuentas de depósito, fondos de activos líquidos, fiduciarios, cheques y cancelaciones de deudas efectuadas sin mediación del sistema financiero.

La medida estará vigente entre el 1 de noviembre y el 31 de diciembre del 2007, aclaró el superintendente tributario, José Vielma Mora, en una conferencia de prensa. El alto funcionario notó que en la gaceta oficial incorrectamente se señalaba que el cobro de ese tributo se extendería durante el 2008.

En el decreto se prevé que las personas naturales, empresas estatales y consejos comunales, estarán exentas del pago del referido impuesto.

Chávez estableció en febrero del 2002 un Impuesto al Débito Bancario (IDB) de 0,5% para las transacciones de las personas y empresas, junto con la modificación del Impuesto al Valor Agregado y otros tributos, para obtener ingresos adicionales.

A comienzos del año pasado el gobernante acordó la derogación del tributo.
Untitled Document
Economics
Argentine growth feeds investor optimism
Argentina bond risk fell the most in Latin America over the past three months as quickening economic growth and a $12.9 billion debt restructuring boosted confidence in the country’s ability to pay its debt.

 
Identity/Culture
Scientists find evidence discrediting theory Amazon was virtually unlivable
Archaeologists say forest across the Amazon, was home to an advanced, even spectacular civilization that managed the forest and enriched infertile soils to feed thousands.

 
Soutbound Travel
House hunting in ... Colombia
The apartment is on the second story of a three-story, walk-up building, constructed of concrete about 40 years ago. The old city is Cartagena's tourist and cultural center; shopping, dining and public transportation are within walking distance.

 
Migration Issues
Grief across Latam for migrant killings
He was warned the journey north would be hard, so Gilmar Morales beefed up on eggs and sausage, bought some ham sandwiches from the bodega across the street, told his mother he loved her and set off with two other relatives on a path well-traveled by young people here in one of Latin America’s poorest countries.

 
Living/People
Trapped Chilean miners forge refuge
Mario Gómez is all too familiar with the hardships of prolonged confinement. While still in his 30s, his family said, he survived as a stowaway on a ship for 11 days, living below deck on little more than bits of chocolate and drops of water collected in a shoe — an ordeal so trying it brought him closer to God.

 
  Untitled Document
 Our Opinion
Legalize, regulate and tax drugs

It’s great they got these drug lords, but they will be replaced quickly. Law enforcement is helpless in the fight against the cartels due to their economic ability to sustain their criminal activities.
...more   previous
 Opinion
Chávez pierde opinión La popularidad del presidente venezolano, Hugo Chávez, cayó en dos años del 65 a un 38 por ciento actual, y continúa perdiendo puntos.

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