The recently reelected president of Ecuador, Rafael Correa, wants people to know he is determined to fight inflation through combating “speculation.” A noble goal, to be sure. But the weapons chosen for that battle by President Correa—a PhD economist trained at the University of Illinois—actually will doom his anti-inflation campaign. …
If cancer revokes President Hugo Chavez’s mandate for indefinite rule in Venezuela, it will leave leadership of the radical-left, anti-liberty Bolivarian Alliance (ALBA) in Latin America up for grabs. New faces will inevitably emerge. Chavez’s vice president, the uncharismatic Nicolas Maduro, will most likely runVenezuela in the near future, backed …
Earlier this month, Ecuador’s National Assembly passed legislation that would nationalize the country’s private credit reporting industry. President Rafael Correa has to decide by November 4 whether or not to sign it. The legislation would permit only the government’s central public data agency to provide credit reports and scores. Private …
Expel U.S. ambassadors from your country, accuse the U.S. of plotting coups and trying to destabilize your country, and cozy up to Iran, and what do you receive from the Obama Administration? An “Oops, we’re sorry! We’ll try to do better next time.” Ecuador’s temperamental President Rafael Correa has often …
On April 5, Ecuador’s President Rafael Correa rashly declared the U.S. Ambassador Heather Hodges persona non grata. Hodges has been ordered to leave the country in short order. The U.S. State Department rightly called the action “unjustified.” The reason for Correa’s pique is the unauthorized release via WikiLeaks of a …
The radical left in Latin America often prides itself in its ability to stir up the masses and make nations ungovernable by elected officials and representative governments, especially centrist or conservative regimes. But when popular unrest or insubordination, threatens a Leftist leader, the Left cries “coup” and “conspiracy.” The current …
While Colombia’s new president Manuel Santos was at the United Nations today, he received welcomed news: Colombia’s military had located and attacked a camp belonging to the Revolutionary Armed Forces of Colombia (FARC). Killed in the assault was Jorge Briceno (born Victor Julio Suarez, AKA El Mono Jojoy) second highest …
Many feel Secretary of State Hillary Clinton went overboard while visiting Quito on June 8 and courting populist President Rafael Correa. Reported The New York Times, “Clinton woos a Leftist President, while Foreign Policy observed ‘Dearest Hillary’ charms Ecuador’s President Correa. Before the Secretary traveled to Quito, veteran diplomat Roger …
