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glObserver Americas
glObserver provides the latest business news Country Analysis and Reports for the americas,
Curated by Michael Malka
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Cuba’s Dire Need For Foreign Investment: What It Means To Its Developing Economy| glObserver Global Economics

Since the collapse of the Soviet Union in 1989 and Cuba’s subsequent hardship while transitioning to a additional decentralized economy in its “Appropriate Period,” Cuba has implemented significant economic changes.
Michael Malka's insight:

Per-capita gain contracted by 34 % from 1990 to 1993 because of a lack of foreign investment and access to international financial institutions, coupled with a hardened U.S. trade embargo.3 Since that Cold War period, Cuba has continuously opened up to foreign investment and has used it to develop struggling elements of the economy. As the Cuban government’s control of the economy has gradually diminished, the island country has seen tremendous improvements in its ability to increase and sustain economic increase.

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Moody's bets are on Macri: upgrades Argentina's debt rating to 'stable' from 'negative'| glObserver Global Economics

“The outlook change is based on Moody's view that shifts in the political climate are reducing the risk of investors suffering better than expected losses once a new government assumes power on 10 December 2015,” the agency said in a statement.
Michael Malka's insight:

The agency believes after the first round of elections, “the likelihood of a break from the past is rising regardless of who ultimately wins the presidency.”

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The ambitious TPP trade deal full text of 6.000 pages released to the public| glObserver Global Economics

The ambitious TPP trade deal full text of 6.000 pages released to the public| glObserver Global Economics | glObserver Americas | Scoop.it
The transaction was struck last month next five years of tense negotiations, but continues to face fierce opposition. It as well must still be ratified by lawmakers in each member country and some of the nations involved need it to undergo a legal review. The full text is about 6,000 pages long.
Michael Malka's insight:

“Apparently, the TPP's proponents resorted to such extreme secrecy during negotiations because the text shows that the TPP would offshore additional American jobs, lower our wages, flood us with unsafe imported food and expose our laws to attack in foreign tribunals,” the organisation's director Lori Wallach said.

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China and the U.S. do have disputes, and sometimes the way to look at them appears to be ocean apart.| glObserver Global Economics

"It's about the economy," said an American presidential candidate during the 1992 campaign, at the same time as others in the same race mostly focused on politics.
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Shell halts Alaska offshore drilling project | glObserver Global Economics

Shell halts Alaska offshore drilling project | glObserver Global Economics | glObserver Americas | Scoop.it
Royal Dutch Shell on Monday announced it’s stopping offshore oil exploration in Alaska for the foreseeable next next finding deposits uneconomic. The decision comes next the company got final approval to drill in the area a month ago.
Michael Malka's insight:

"The Shell Alaska team has operated safely and exceptionally well in each aspect of this year's exploration program," Director of Shell Upstream Americas, Marvin Odum said in a statement. "Shell continues to see significant exploration potential in the basin, and the area is likely to from presently on be of strategic importance to Alaska and the US. However, this is a clearly disappointing exploration outcome for this part of the basin.”

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Canada Finance Profile | glObserver Global Economics

Canada Finance Profile | glObserver Global Economics | glObserver Americas | Scoop.it
() Economic increase in Canada is expected to slow somewhat, as the oil price plunge will negatively impact investment but boost consumption somewhat. A new trade agreement between the EU and Canada may boost exports going forward.
Michael Malka's insight:

The Canadian economy grew by a solid 2.5% in 2014, but increase is expected to slow to around 2% in 2015 (figure 1). This increase is likely to be driven by external request and private consumption. As the Canadian dollar has depreciated against the US dollar amidst a fall in oil prices (figure 2), the competitiveness of the non-oil sector has improved.

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Barbados Education Profile | glObserver Global Economics 9-4-2015

Barbados Education Profile | glObserver Global Economics 9-4-2015 | glObserver Americas | Scoop.it
(Barbados Education) Primary Education The school education system in Barbados adheres closely to British norms, and is paid for by the government right though tertiary levels too. The nation enjoys a literacy level in excess of 98% thanks to the emphasis the state places on this. The 6 years of primary school education begin at age 4.
Michael Malka's insight:

Secondary school follows through to age 18, although it becomes non-compulsory 2 years earlier. At that point students write their caribbean examination council examinations similar to gce o-level. Those who remain on for their final 2 years may write the Caribbean advanced proficiency certificate that leads on to opportunities for tertiary education.

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Argentina Geography Profile

Argentina Geography Profile | glObserver Americas | Scoop.it

Except for the mountainous western area, Argentina is for the most part a lowland country. It is divided into four topographical regions: the Andean region, Patagonia, the subtropical plain of the north, and the pampas. The Andean region, almost 30% of the country, runs from the high plateau of the Bolivian border southward into western Argentina.

Michael Malka's insight:

Argentina lays claim to a section of Antarctica of about 1,235,000 sq km (477,000 sq mi). Both Argentina and the UK claim the Falkland Islands (Islas Malvinas), with the UK exercising effective occupancy. In 1978, Argentina almost went to war over three Chilean-held islands in the Beagle Channel. The case was referred to papal mediation; on 29 November 1984, the two countries signed a treaty that confirmed Chile's sovereignty over the three islands.

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Argentina Government Profile | glObserver Global Economics

() Cristina Fernández de Kirchner Cristina Elisabet Fernández de Kirchner, known as Cristina Kirchner and often referred to by her initials CFK, is the current President of Argentina and widow of former president Néstor Kirchner.
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Argentina Communication Profile | glObserver Global Economics

Argentina Communication Profile | glObserver Global Economics | glObserver Americas | Scoop.it
(Argentina Communication ) Grupo Clarín breaks up its operating divisions in line with government orders Argentina has one of the additional advanced telecom infrastructures in Latin America, with a large number of companies licensed to provide services. Telecom revenue is expected to have reached additional than $17.8 billion in 2013.
Michael Malka's insight:

The country’s regulatory framework encourages competition and supports smaller telecom players. Argentina has adopted a single licence system (Licencia Única), which telcos must obtain regardless of the services they provide. Operators must inventory in their licence applications which services they wish to offer, but can at any time register for additional ones. However, broadband competition is weak, and the wholesale market is poorly regulated.

 
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Delta, Virgin offer new routes across Atlantic| glObserver Global Economics

The routes add to the value that the Delta-Virgin Atlantic joint venture provides customers through premier service with the benefits of an aligned route network offering more frequencies, competitive fares and harmonized service.
Michael Malka's insight:

“For the second summer in a row, Delta will be launching new routes that give customers more options when flying between the United States and the U.K.,” said Nat Pieper, Delta’s Senior Vice President, Europe, Middle East and Africa. “Delta and Virgin Atlantic are committed to offering an extensive network on the trans-Atlantic, and our new flights from London and Edinburgh will offer more connections to destinations throughout the U.S. and beyond.”

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Puerto Ricans have been divided over their relationship to the U.S| glObserver Global Economics

Puerto Ricans have been divided over their relationship to the U.S| glObserver Global Economics | glObserver Americas | Scoop.it
Revelers arrived in cars sporting the American flag and wore clothes in red, white and blue as they celebrated the anniversary of Puerto Rico's pro-statehood political party with deafening salsa music and speeches. Like a lot of others worried about the U.S.
Michael Malka's insight:

With unemployment at 12 %, and the public deficit reaching US$72 billion, advocates for making the Caribbean island the 51st national say the economic woes are strengthening their arguments. As a national, Puerto Rico's municipalities and public utilities would no longer be prohibited from restructuring their debts through bankruptcy. It would as well receive additional of certain kinds of federal funding that other states get.

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Merkel calls for a free trade accord between the Europe Union and Mercosur| glObserver Global Economics

Merkel calls for a free trade accord between the Europe Union and Mercosur| glObserver Global Economics | glObserver Americas | Scoop.it
“We could broaden our trade. We need reliable investment conditions”, she said in Brasilia as she pressed for better access to Brazilian markets for German pharmaceutical products and medical technology, for example. German companies have invested additional than 19 billion Euros in Brazil.
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“We could broaden our trade. We need reliable investment conditions”, she said in Brasilia as she pressed for better access to Brazilian markets for German pharmaceutical products and medical technology, for example. German companies have invested...

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Macri, the son of an Italian-born construction magnate| glObserver Global Economics

Macri, the son of an Italian-born construction magnate| glObserver Global Economics | glObserver Americas | Scoop.it
Conservative challenger Mauricio Macri turned Argentine politics on its chief on Sunday, kicking the ruling Peronist movement out of power with a promise to liberalize the ailing economy and end a culture of divisive politics.
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Liberal chief Justin Trudeau, 43, takes office with a gender-balanced cabinet| glObserver Global Economics

Liberal chief Justin Trudeau, 43, takes office with a gender-balanced cabinet| glObserver Global Economics | glObserver Americas | Scoop.it
Trudeau, 43, follows in the footsteps of his late father, Pierre Trudeau, who held the office for nearly 16 years. Just next being sworn in, Trudeau announced his Cabinet, a group of ministers divided evenly between men and women. The new ministers, who are mostly aged between 35 and 50, took their oaths in the bilingual ceremony.
Michael Malka's insight:

He announced plans to attend a flurry of international meetings in the coming weeks, inclunding a G20 leaders summit in Turkey, the world climate change conference in Paris, APEC talks in the Philippines and a summit of Commonwealth Heads of Government in Malta.

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A vulnerability index for Latin American currencies | glObserver Global Economics

A vulnerability index for Latin American currencies | glObserver Global Economics | glObserver Americas | Scoop.it
 
Michael Malka's insight:

The values for each country can be found in table 1 below. By the end of last year it turns out the Brazilian real (BRL) was the majority exposed currency in our sample despite its relatively strong standing in IR/GDP and ED/GDP. Moreover, the Mexican peso (MXN) took the second place despite relatively strong macro policies as gleaned from its current-account position and inflation performance.

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Peru should address this industry with a comprehensive reform, the country’s energy policy Peruvian Energy,Beatriz Merino, President of Sociedad Peruana de Hidrocarburos | glObserver Global Economics

Beatriz Merino, President of Sociedad Peruana de Hidrocarburos (SPH) sits down with United World to discuss the current situation of the country’s energy mix and the role of both public and private sector in the country’s Energy industry increase.
Michael Malka's insight:

The hydrocarbons industry contributes nearly 9% of the tax revenue from commercial activities, and in general terms, from 100 new soles that the tax government collects, six come from this activity.

On average, between 2003 and 2013, it has contributed with 6% of the total country’s collection and in these terms it has grown 25%. This increase is as well represented in the royalties, which are 10 times higher than the ones coming from the mining sector as rates are higher in our sector.

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Shell halts Alaska offshore drilling project | glObserver Global Economics

Shell halts Alaska offshore drilling project | glObserver Global Economics | glObserver Americas | Scoop.it
Royal Dutch Shell on Monday announced it’s stopping offshore oil exploration in Alaska for the foreseeable next next finding deposits uneconomic. The decision comes next the company got final approval to drill in the area a month ago.
Michael Malka's insight:

"The Shell Alaska team has operated safely and exceptionally well in each aspect of this year's exploration program," Director of Shell Upstream Americas, Marvin Odum said in a statement. "Shell continues to see significant exploration potential in the basin, and the area is likely to from presently on be of strategic importance to Alaska and the US. However, this is a clearly disappointing exploration outcome for this part of the basin.”

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Canada Economy Profile | glObserver Global Economics

(Canada Economic Outlook) Canada Economic Outlook While the economy accelerated in the third quarter of 2014, the latest economic data indicate a deceleration in the last three months of the year and at the beginning of 2015.
Michael Malka's insight:

The recent drop in oil prices is imposing a significant drag on the economy. While the energy sector accounts for only 10% of Canadian GDP, the economy is sensitive to changes in the prices of oil (and other natural resources such as minerals and timber). The chart shows the high correlation between the price of West Texas Intermediate (WTI) 

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Argentina People Profile | glObserver Global Economics

Argentina People Profile | glObserver Global Economics | glObserver Americas | Scoop.it

Most Argentines are native born of European extraction—mainly the descendants of late-19th- and early-20th-century Spanish and Italian immigrants. Foreign-born residents—mainly Europeans—accounted for some 4 per cent of the population; the rest (less than 3 per cent) consisted principally of mestizos (of mixed European and Indian cultures) and Indians.

Michael Malka's insight:

The total population in Argentina was last recorded at 41.8 million people in 2014 from 20.7 million in 1960, changing 102 percent during the last 50 years. Population in Argentina averaged 31.23 Million from 1960 until 2014, reaching an all time high of 41.80 Million in 2014 and a record low of 

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阿根廷交通概况 | glObserver Global Economics

() 交通运输在拉美诸国中最为发达,公路、铁路、航空和海运均以首都为中心,向外辐射,形成扇形交通网络。国内交通运输以陆运为主,外贸货物的90%通过水路运输。上世纪90年代,阿政府将交通运输服务业全部实行了私有化。 铁路:总长38753公里,为拉美之最。但铁路部门长期经营不善,连年亏损,加之缺乏投资,许多设备及三分之二的线路老化,大部分路段已停运。2003年以来,阿政府加大了对铁路等基础设施建设的投入,计划新建、改造多条铁路线路。2008年共运送旅客18.91亿人次,货物2388.5万吨。 首都地铁发达,建有5条地铁线,总长42.24公里,其中A号线是拉美第一条地铁线路。还建有一条长7.4公里的城铁线路。2008年共运送乘客2.89亿人次。 公路:总里程超过50万公里。
Michael Malka's insight:

英国在阿根廷建造的铁路系统已经不像当年那样遍布各地,现在的公共汽车系统比火车更快捷、灵活和可靠。目前有以下几条长距离火车线路:从布宜诺斯艾利斯到罗萨里奥和大西洋海滩度假胜地,从别德马到巴里洛切。布宜诺斯艾利斯和罗萨里奥还有一些郊区铁路供普通市民日常往返。

 
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Argentina Agriculture Profile | glObserver Global Economics

Argentina Agriculture Profile | glObserver Global Economics | glObserver Americas | Scoop.it
(Argentina Agriculture ) Favourable production prospects for 2015 maize crops despite lower plantings Production of the 2015 maize crop is estimate to decline by some 8 % from last year’s record level but still remain well above the five-year average.
Michael Malka's insight:

Wheat flour prices in January were at a 16-month low and well below their peaks a year before, mainly reflecting the arrival into the market of the 2014 good harvest, completed in December. Prices where almost 56 % below their level of January 2014. Similarly, yellow maize prices as well declined sharply in January and were some 9 % below their levels a year before. The sharp decline mainly reflects this year’s bumper crop.

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Argentina Education Profile | glObserver Global Economics 9-2-2015

Argentina Education Profile | glObserver Global Economics 9-2-2015 | glObserver Americas | Scoop.it

(Education System in Argentina) Education System in Argentina () Primary Education In Argentina the system functionally managed by the Ministry of Education is implemented at national, provincial and federal levels, and by private institutions.

Michael Malka's insight:

Secondary education is in the process of being standardized into a 3-year polymodal form that allows students to select their study orientation. This is not yet fully implemented yet, with many schools in larger cities maintaining an academic model that allows for subject specialization only. The are thus 3 broad kinds of secondary schools in Argentina.

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Brazil's July unemployment up for a seventh straight month| glObserver Global Economics

Unemployment has risen without interruption from a record low of 4.3% in December, pushed up by hundreds of thousands of layoffs in the manufacturing and service sectors amid higher taxes and interest rates. The number of Brazilians with jobs in the six major metropolitan areas surveyed by IBGE was nearly unchanged from July 2014 at 22.8 million.
Michael Malka's insight:

Wages increased slightly in July, though not by enough to offset the losses caused by steadily rising inflation, currently at 9.56% on a trailing 12-month basis. Salaries discounted for inflation gained 0.32% from June to 2,170.70 Reais ($620). They fell 2.39% from July 2014. Unemployment has risen without interruption from a record low of 4.3% in December, pushed up by hundreds of thousands of layoffs in manufacturing

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Rousseff admits a year of recession because of 'massive economic difficulties”| glObserver Global Economics

Rousseff admits a year of recession because of 'massive economic difficulties”| glObserver Global Economics | glObserver Americas | Scoop.it
Fears that growth in China, which carried the global economy following the 2008 financial crisis, is slowing over the long term are affecting riskier assets around the world, with commodities and emerging markets among the hardest hit.
Michael Malka's insight:

“The process of falling commodity prices due to adjustment in China will continue to burden the global economy for a long time” said Rousseff

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