Most Latin American and Caribbean economies survived the Great Recession in relatively good shape. But now as the global slowdown threatens to hang on indefinitely, what is their fate?
The countries of the region will grow faster — at an estimated rate of 3.9 percent over the next five years — than the global economy. “Latin America will gain weight in the world economy,’’ said José Juan Ruiz, chief economist at the Inter-American Development Bank.
PORT OF SPAIN, Trinidad - “He’s done the best thing he could have done in T&T’s interest.” That was PNM deputy leader Marlene McDonald’s response yesterday to news the Prime Minister had accepted Jack Warner’s resignation. MSJ leader David Abdulah said_ “Given the evidence, there was little option but to resign. But although he’s no longer in Cabinet, he’s not the only one who’s manifested bad governance and therefore the issues continue.”
PORT OF SPAIN, Trinidad - Prime Minister Kamla Persad-Bissessar said while all parties within the coalition People’s Partnership Government were “free to practise freedom of speech”, she was confident they would all “abide” by her decision on National Security Minister Jack Warner. This statement came on Saturday in regard to the coalition partner, Congress of the People, and that party’s call for Warner to step aside from his Government position following damning allegations contained in the Concacaf Integrity Committee report.
PORT OF SPAIN, Trinidad, CMC – Less than 24 hours after he submitted his resignation as Minister of National Security, Austin “Jack” Warner has resigned as chairman of the ruling United National Congress (UNC).
Media reports said Warner had submitted his resignation hours after being removed from the cabinet.
(CARICOM Secretariat, Greater Georgetown, Guyana) The Caribbean Community (CARICOM) has expressed confidence that the continued goodwill, friendship and cooperation which characterised CARICOM-Venezuela relations would continue under the Presidency of His Excellency Nicolás Maduro of the Bolivarian Republic of Venezuela.
run BOSTON—A late-night police chase and shootout has left one marathon bombing suspect dead and another on the run, police here said, as residents of the still-grieving city were ordered by officials to "shelter in place" while the manhunt continues. One police officer was killed and another was seriously wounded during the violent spree. The Associated Press identified the surviving Boston bomb suspect as Dzhokhar A. Tsarnaev, 19, of Cambridge, Mass., and said that the suspects were brothers.
CARACAS, Venezuela (AP) — Venezuela's electoral council says it will audit the 46 percent of the vote not scrutinized on election night, a surprise concession that opposition candidate Henrique Capriles says will prove that he won the presidency. "We are where we want to be," a satisfied but cautious-looking Capriles told a news conference after the Thursday night announcement.
HOUSTON/NEW YORK (Reuters) - Despite being located within a short walk of a nursing home, school and residential buildings, West Fertilizer Co in central Texas had no blast walls and had filed no contingency plan to the Environmental Protection Agency for a major explosion or fire at the site. It remains unclear what safety measures, if any, were required of the company or whether West Fertilizer failed to comply.
GEORGETOWN, Guyana - Margaret Thatcher and Hugo Chávez came from opposing ends of the political spectrum but, in a curious way, they shared a common trait_ both were capable of arousing, in death as in life, great admiration and devotion, on the one hand, and deep loathing on the other. In the latter respect, reactions to their death in their respective countries make for an interesting comparison. Mrs Thatcher’s funeral on Wednesday was a grand affair, just the type of thing at which the British excel.
ROSEAU, Dominica, CMC – The coach of the Dominica Football team, Kurt Hector, is among two people missing and feared dead after the vehicle in which they were travelling fell into a large hole at Pond Case, south east of here as a result of heavy rains over the past few days. Gerald George, a spokesman for the Dominica Football Association (DFA) speaking on the state-owned DBS radio, said that the accident occurred during the early hours on Friday as team members were travelling to the capital in preparation for travel to St.