Daily Archives: July 16, 2014


Emerging Nations Plan Their Own World Bank

By THE ASSOCIATED PRESS WASHINGTON — Fed up with U.S. dominance of the global financial system, five emerging market powers this week will launch their own versions of the World Bank and the International Monetary Fund. Brazil, Russia, India, China and South Africa —the so-called BRICS countries — are seeking “alternatives to the existing world order,” said Harold Trinkunas, director of the Latin America Initiative at the Brookings Institution. At a summit Tuesday through Thursday in Brazil, the five countries will unveil a $100 billion fund to fight financial crises, their version of the IMF. They will also launch a […]


The Mexican Drug Cartel Threat in Central America

By Karen Hooper Guatemalan President-elect Otto Perez Molina told Mexican newspaper El Universal on Nov. 9 that he plans to engage drug cartels in a “full frontal assault” when he takes office in 2012. The former general said he will use Guatemala’s elite military forces, known as Los Kaibiles, to take on the drug cartels in a strategy similar to that of the Mexican government; he has asked for U.S. assistance in this struggle. The statements signal a shifting political landscape in already violent Central America. The region is experiencing increasing levels of crime and the prospect of heightened competition […]