SOUTH/CENTRAL AMERICA | WHAT REALLY HAPPENED

SOUTH/CENTRAL AMERICA

May 12 11:41

Brazil's suspended President Rousseff calls impeachment a 'coup'

"I confess, I never imagined it would be necessary to fight against a coup in my country,” Rousseff said in a speech to the nation. “Our democracy is young, made by struggle, made by deaths, it doesn't deserve this."

Brazil's suspended President Rousseff calls impeachment a 'coup'

(*Now where would she get an idea like this ?
& Who'd do something like that ? )

May 12 07:51

Brazil’s Democracy to Suffer Grievous Blow Today as Unelectable, Corrupt Neoliberal is Installed

So if you’re a plutocrat with ownership of the nation’s largest and most influential media outlets, what do you do? You dispense with democracy altogether – after all, it keeps empowering candidates and policies you dislike – by exploiting your media outlets to incite unrest and then install a candidate who could never get elected on his own, yet will faithfully serve your political agenda and ideology.

That’s exactly what Brazil is going to do today. The Brazilian Senate will vote later today to agree to a trial on the lower House’s impeachment charges, which will automatically result in Dilma’s suspension from the presidency pending the end of the trial.

Webmaster's Commentary: 

The people of Brazil deserve so much better than what they will get with Temer; and that is the real tragedy of this impeachment.

May 12 07:43

Colombia Fears U.S. May Reject Peace Plan To Protect Pharma Profits

The Colombian Embassy is concerned that lowering the price of a major cancer drug may jeopardize American funding for peace talks in the South American nation, according to a leaked embassy memo.

In February, President Barack Obama committed $450 million to aid peace talks between the Colombian government and the Revolutionary Armed Forces of Colombia, a Marxist rebel group known as FARC. The money would help the Colombian government fight the illegal drug trade and retrain FARC members.

But in an April 27 memo, Colombian diplomat Andrés Flórez said he was worried the U.S. would withhold peace funding if the Colombian government lowered prices on the drug Gleevec, also sold as Glivec. The memo was first posted by the think tank Knowledge Ecology International.

Webmaster's Commentary: 

Remember this about pharmaceutical companies; it is never really about health and care that these drugs are manufactured; it is all about the money, and preventing cheap, generic equivalents from ever getting on the market.

This article makes that painfully obvious.

May 12 07:37

Brazil Senate Puts Rousseff On Trial

Brazilian President Dilma Rousseff was suspended Thursday to face impeachment, ceding power to her vice-president-turned-enemy Michel Temer in a political earthquake ending 13 years of leftist rule over Latin America's biggest nation.

May 12 07:36

Venezuela Opposition Ramps Up Recall Push Against President Maduro

Venezuela's opposition on Friday vowed to speed up efforts to oust President Nicolas Maduro after he defied lawmakers by securing emergency powers to intervene in the crisis-hit oil state's economy.

May 12 06:39

BRAZIL PRESIDENT ROUSSEFF SUSPENDED, TO BE PUT ON TRIAL AFTER LOSING IMPEACHMENT VOTE

In a vote whose outcome was largely expected, moments ago the Brazilian Senate concluded a marathon 21 hour session with a 55 to 22 vote to suspend President Dilma Rousseff from office to face an impeachment trial, ushering in a new government to take command of Latin America’s largest economy. Rousseff will be tried on allegations she illegally doctored fiscal accounts to mask the size of the budget deficit.

When officially notified later on Thursday morning, Brazil's first woman president will be suspended, ending 13 years of rule by the leftist Workers Party, and the "market friendly" Vice President Michel Temer will become acting president during her trial.

As Bloomberg adds, "from the moment she receives the notification, the process of impeachment for the crime of responsibility takes effect," Senate President Renan Calheiros said after voting ended. She is expected to be notified within hours, and give a press conference at 10 a.m. local time.

Webmaster's Commentary: 

The US is covertly trying to get the "B" out of "BRICS!"

May 11 14:43

Raw Venezuela: Looter Burned Alive, While “Streets Filled With People Killing Animals For Food”

The situation in Venezuela is reaching all out chaos... not only was an accused mugger burned alive on the streets, but people are reportedly eating stray animals to survive:

Ramón Muchacho, Mayor of Chacao in Caracas, said the streets of the capital of Venezuela are filled with people killing animals for food.

Through Twitter, Muchacho reported that in Venezuela, it is a “painful reality” that people “hunt cats, dogs and pigeons” to ease their hunger. People are also reportedly gathering vegetables from the ground and trash to eat as well.

Read more at SHTFplan.com

May 11 12:25

VIDEO: VENEZUELAN MUGGER IS BEATEN TO THE FLOOR AND BURNED ALIVE BY LYNCH MOB AFTER STEALING FROM PEOPLE

An alleged thief suffered the most brutal mob justice in Caracas, Venezuela, when he was beaten up and burned alive in the street. Roberto Fuentes Bernal, 42, was reportedly caught trying to mug passersby in the Venezuelan capital, and before police arrived at the scene, the crowd took the law into their own hands.

May 11 05:47

CIA-NSA Supported Brazilian Coup Back On, Rousseff Ousted Wednesday?

One day after the Brazilian people breathed a sigh of relief after the lower house impeachment vote was annulled, that decision was unheroically walked back, creating what may become a gory constitutional crisis.

May 10 15:31

US Senate Extends Sanctions against Venezuelan Officials through 2019

With little fanfare, the US Senate’s Committee of Foreign Relations and the Senate floor approved on Thursday, April 28, an extension of economic sanctions against the Venezuelan government through 2019.

Webmaster's Commentary: 

Yep. The regime change is on!

May 10 11:38

NYT Endorses US-Sponsored Coup Attempt in Venezuela

The Times is a longstanding mouthpiece for wealth, power and privilege. Its record is deplorable - pro-business, anti-populist, endorsing all US wars of aggression, color revolutions and coups by other means against sovereign independent states.

It denigrated Hugo Chavez throughout his tenure, calling him “a would-be dictator…a populist demagogue…an authoritarian caudillo (strongman),” among other pejoratives.

It bashes President Nicolas Maduro the same way. Its history shows a consistent record of supporting despotic regimes like Saudi Arabia, other repressive Gulf States, Egypt, Turkey and Israel among others, while opposing sovereign independent democratic governments Washington doesn’t control.

Majority US supported Venezuelan National Assembly fascists openly call for ousting democratically elected President Maduro.

Webmaster's Commentary: 

The support of coups on governments not to the US Governments liking are, unfortunately, as American as apple pie.

Unfortunately, however, some really bad planning on the part of Maduro's government goes right to the heart of the problem. As reported yesterday at bloomberg.com:

Making sense of the rolling political and economic disaster in Venezuela isn't easy. But the bigger mystery may be why the whole country isn't flooding into the streets to demand the end of the social revolution that's left one of Latin America's most resource-rich nations in a shambles. Start with the riddle of why the country with the world's largest crude oil reserves has suffered constant power outages. (Spoiler: instead of using oil to generate electricity, the government has relied on hydropower while failing to plan for this year's punishing drought; it neglected to build new power plants or invest in its crumbling infrastructure.) And how has President Nicolas Maduro responded to the energy crisis? He cut the work week for public servants to two days. Along with the furlough, Maduro -- who also is presiding over the world's worst recession -- ordered a 30 percent hike in the national minimum wage. Just how much the crowd-pleasing bonus will matter in a country with high triple-digit inflation, where consumers queueing for hours can't find eight out of 10 staple goods at grocery stores, is debatable. Not to mention that Venezuela is literally running out of bank notes. Venezuela's Revolution The fact is, the Maduro government may have lost its way, but it's still got an iron grip on this nation of 30 million people. And that residual clout, coupled with disarray among the president's political foes, has given the regime the benefit of public doubt even in desperate times.

May 09 18:50

Chaos in Brazil as Rousseff impeachment vote ‘anulled’

The impeachment of Brazilian President Dilma Rousseff was thrown into confusion Monday when the speaker of the lower house of Congress annulled an April vote by lawmakers to launch the process.

Waldir Maranhao, the interim speaker of the lower house, wrote in an order seen by AFP that a new vote should take place on whether to impeach Rousseff.

The surprise move came just as the Senate was preparing to vote this week on whether to suspend Rousseff from office while an impeachment trial gets underway.

Maranhao’s order said that legislators should hold a new vote in five sessions time.

May 09 11:01

VENEZUELAN OPPOSITION LEADER ASSASSINATED DAYS AFTER 1.8 MILLION SIGN PETITION TO OUST MADURO

The situation in hyperinflating socialist paradise Venezuela just moved one step closer to chaotic totalitarianism. With President Maduro clinging to power (thanks to his military 'assistance') amid growing social unrest (1.8 million signatures gathered seeking a referendum to remove him), FoxNews Latino reports German Mavare, leader of the opposition UNT party, died Friday after being shot in the head, asassinated in the western state of Lara, according to his organisation. Maduro has appeared on State TV tying Mavare to "armed groups" and suggested that more right-wing politicians are potential targets.

May 09 10:11

Brazil Real Plummets With Stocks as Impeachment Hits Roadblock

Brazilian assets plunged after the effort to impeach President Dilma Rousseff appeared to hit a roadblock, spurring concern that some of the world’s biggest stock and currency rallies would be undone if the current administration remains in power.

The Ibovespa stock benchmark plummeted as much as 3.5 percent as the real weakened as much as 4.6 percent, the most since September 2011, after the interim chief of Brazil’s lower house called for a new vote on the impeachment, accepting an argument by the attorney general that the ballot last month had procedural irregularities.

The Ibovespa and real have posted the biggest rallies among major markets this year on speculation an impeachment would usher in a new government better able to pull Latin America’s biggest economy out of its worst recession in a century, tame inflation and shore up a fiscal deficit. The Senate had been scheduled to vote this week on whether to move forward with the impeachment and compel Rousseff to stand trial on allegations she used state banks to shore up the government’s accounts.

May 07 11:15

Eva Golinger: I Believe Chavez Was Assassinated

I believe there is a very strong possibility that President Chavez was assassinated. There were notorious and documented assassination attempts against him throughout his presidency. Most notable was the April 11, 2002 coup d’etat, during which he was kidnapped and set to be assassinated had it not been for the unprecedented uprising of the Venezuelan people and loyal military forces that rescued him and returned him to power within 48 hours. I was able to find irrefutable evidence using the US Freedom of Information Act (FOIA), that the CIA and other US agencies were behind that coup and supported, financially, militarily and politically, those involved. Later on, there were other attempts against Chavez and his government, such as in 2004 when dozens of Colombian paramilitary forces were captured on a farm outside of Caracas that was owned by an anti-Chavez activist, Robert Alonso, just days before they were going to attack the presidential palace and kill Chavez.

May 07 08:26

VICTORY! Munduruku People Win Fight Against Tapajós Dam

By Derrick Broze

The Munduruku Peoples of the Brazilian Amazon are celebrating a victory in their fight to protect their lands from planned hydroelectric plants.

The National Foundation for the Indian (FUNAI) has issued a historic ruling that will demarcate and protect a 700-square-mile territory of the Munduruku Peoples along the Tapajós River, in the Brazilian Amazon. The ruling is the latest decision in the Munduruku’s fight to protect their ancestral lands from flooding as part of planned hydroelectric dams. The demarcation and protection of the lands will now prevent the Munduruku’s land from being flooded. The final demarcation must be approved by presidential decree after 90 days before becoming law...

May 06 09:39

Ecuador Shocking Footage Of Earthquake

May 06 09:31

Venezuelan Opposition Activates Recall on Maduro?s Presidency

Steve Ellner says deep discontent across the political spectrum in Venezuela is creating a political vacuum

Webmaster's Commentary: 

No, this is another US-orchestrated takedown of a government and installation of an obedient puppet.

May 05 19:50

The Next US Coup in Latin America: Obama Takes Aim at Venezuela’s Maduro

Unsatisfied with only ousting Brazil’s President by leaking NSA surveillance to the country’s judiciary, Washington now seeks to break the back of Venezuela by fracturing the powerful Petrocaribe energy alliance.

May 04 07:48

How A Collapse In South America Could Trigger Martial Law In The U.S.

By Brandon Smith

If an economic system collapses in the woods and no one is paying attention, are there any consequences outside the woods? Well, yes, of course. As with most situations financial and global, however, consequences are not usually taken very seriously until they have spawned a vast bog of sewage we all have to then swim through.

The issue is and always will be “interdependency,” and the dissolution of sovereign borders. Take a close look at the European Union, for example...

May 03 08:17

Monsanto Set To Fight Argentina Over “Royalties” Owed By Farmers

While the Argentine government has recently shown signs that it may take the side of farmers over Monsanto, the international agricultural corporation is not willing to simply accept defeat. Nor is it even willing to accept a minor obstacle in its attempt to dominate the food supply.

Shortly after the government of President Mauricio Macri passed a resolution officially giving control of the analysis of seeds, Monsanto is now set to challengethe Argentine government’s decision.

While the Argentine government has agreed to collect monies owed by small farmers in royalties on genetically modified soybean seeds, the government requested additional time to do so. Even this, however, was unacceptable to Monsanto as the corporation rejected the government’s request according to two unnamed Monsanto staff members cited by Bloomberg News.

Webmaster's Commentary: 

Monsanto proves that corporations are starting to think they are governments!

May 01 09:46

As Obama Preps To Send Troops Into Syria The US Gov’t Is Already Planning Their Next Major Coup

By Claire Bernish

A nonviolent coup to depose a democratically-elected president and install some of the most corrupt politicians — who, not coincidentally happen to be favored by the U.S. political establishment — is currently underway in Brazil. As the public’s attention zeroes on the readying of troops for deployment to Syria, the U.S. government has been able to quietly lend its approval to the crooked and baseless move to oust Brazilian President Dilma Rousseff.

Indeed, though the controversy over quintupling U.S. ground troops in Syria — despite vows by the Obama administration at least 16 times there would be ‘no boots on the ground’ — constitutes a valid and pertinent debate, it can’t be allowed to obfuscate what’s taking place in Brazil...

Apr 28 08:12

This Is The End: Venezuela Runs Out Of Money To Print New Money

And then, as if on cue the WSJ responded: "millions of pounds of provisions, stuffed into three-dozen 747 cargo planes, arrived here from countries around the world in recent months to service Venezuela’s crippled economy. But instead of food and medicine, the planes carried another resource that often runs scarce here: bills of Venezuela’s currency, the bolivar.

The shipments were part of the import of at least five billion bank notes that President Nicolás Maduro’s administration authorized over the latter half of 2015 as the government boosts the supply of the country’s increasingly worthless currency, according to seven people familiar with the deals.

Apr 26 08:34

Argentina: Government Shows Signs Of Siding With Farmers In Dispute With Monsanto

The world’s third largest soy exporter may have just dealt another blow to the multi-national agricultural company Monsanto. A simple decree by the Argentine government regarding food inspection may signal an even bigger...

Apr 25 16:32

Peruvian Farmer Wins Monumental Battle Against U.S. Mining Giant

By Amanda Froelich

Acuña’s inspiring story is proof that activists’ efforts do matter, and that even the world’s largest companies will be held to account.

Peruvian activists knew they were entering a David-and-Goliath battle when they decided to shut down the creation of a $5 billion open-caste gold and copper mine next to a pristine lake, but they have so far succeeded.

However, much of the community’s success in this endeavor can be credited to Maxima Acuña, a farmer who owns a 60-acre plot of land on the exact site where the giant Newmont Mining Corporation desires to dig...

Apr 25 09:12

POLICE SWEEP AWAY BRAZIL’S ‘STREET CHILDREN’ AHEAD OF OLYMPICS

With a faltering economy and an $11 billion investment at stake, Brazil wants nothing more than to stage a successful Olympic Games come August. The government is building new transportation and sports venues, hiring security guards and deploying soldiers, and sprucing up Rio de Janeiro’s most-visited areas. But “cleaning the streets,” as the project is euphemistically known, is not an effort to haul garbage but to sweep away homeless people and drug dealers—including the often drug-addicted children who live on the sidewalks of some of Rio’s wealthiest neighborhoods.

In the Copacabana and Maracanã areas, two of the neighborhoods preparing to host the Olympics, teenagers and children as young as 7 sleep by the roadside or beg for change. Boys often join gangs and sell drugs to survive while girls frequently turn to prostitution. Many smoke crack or sniff glue. Some live on the streets full time; others spend nights in the favelas, or nearby shantytowns.

Webmaster's Commentary: 

A society should be judged on how it treats the most vulnerable of its citizens; what Brazil is doing to the most impoverished, and most vulnerable of its street kids demonstrates a complete, and institutionalized, emotional callousness to the conditions which put these kids on the streets to begin with.

Even with the Olympics coming in August, this will not end well for the Brazilian government, or its people.

Apr 25 09:05

POLICE SWEEP AWAY BRAZIL’S ‘STREET CHILDREN’ AHEAD OF OLYMPICS

This story originally appeared on the International Business Times. With a faltering economy and an $11 billion investment at stake, Brazil wants nothing more than to stage a successful Olympic Games come August. The government is building new transportation and sports venues, hiring security guards and deploying soldiers, and sprucing up Rio de Janeiro’s most-visited areas.…

Apr 22 10:42

Paul Craig Roberts: Washington Launches Its Attack Against BRICS

Having removed the reformist President of Argentina, Cristina Fernandez de Kirchner, Washington is now disposing of the reformist President of Brazil, Dilma Rousseff.

Washington used a federal judge to order Argentina to sacrifice its debt restructuring program in order to pay US vulture funds the full value of defaulted Argentine bonds that the vulture funds had bought for a few pennies on the dollar. http://www.theguardian.com/world/2014/jun/27/us-vulture-funds-argentin... These vultures were called “creditors” who had made “loans” regardless of the fact that they were not creditors and had made no loans. They were opportunists after easy money and were used by Washington to get rid of a reformist government.

President Kirchner resisted and, thus, she had to go. Washington concocted a story that Kirchner covered up an alleged Iranian bombing in Buenos Aires in 1994. This implausible fantasy, for which there is no evidence of Iranian involvement, was fed to one of Washington’s agents in the state prosecutor’s office, and a dubious event of 22 years ago was used to clear Kirchner out of the way of the American looting of Argentina.

Apr 21 12:26

BOMBSHELL: PANAMA PAPERS EXPOSE CLINTON’S ELITE AND CRIMINAL CAMPAIGN DONORS

As her clearly delusional and overtly corrupt supporters cheer her on, Hillary Clinton manages to avoid prosecution, scrutiny and maintains a public persona, thanks largely to the mainstream media, as if she is the nation’s wonderful mother figure. To the Futurama fans out there, however, the only motherly figure Hillary Clinton resembles is the not-so-wonderful Mom, from Momcorp. Still, her ardent supports overlook ties to the banking elite, her complete lack of accomplishments, and her horrific record overseas. But, thanks to the recently leaked Panama Papers, that public persona is getting peeled back layer by layer. Recently leaked names from the papers link the campaign financed-careers to Hillary and the former President Bill Clinton to those who use the offshore tax shelters. Not only do their financiers use unethical offshore tax-havens, but many of them out downright criminals.

Apr 18 06:41

Brazilians Celebrate As Rousseff Loses Congress Impeachment Vote

Brazil's congress has voted to start impeachment proceedings against President Dilma Rousseff over charges of tampering with government accounts. Report by Jessica Wakefield.

Apr 17 08:51

Dozens of casualties, massive destruction in Ecuador struck by 7.8 quake

At least 77 people have been killed and 588 injured in a massive 7.8-magnitude earthquake that hit the Ecuador coast. The quake was followed by a series of strong aftershocks. The disaster has ravaged coastal towns and left thousands of households without power.

Apr 12 16:09

59 Journalists Murdered in Honduras Since Clinton-Backed Coup

Since the 2009 U.S.-backed coup that removed President Manuel Zelaya, 59 journalists have been assassinated in Honduras, with four of them being murdered just in 2016 alone. The most violent year until now has been 2015, with 218 alerts registered and 12 journalists assassinated.

Apr 06 07:46

Tens Of Thousands March Against Fujimori In Peru

April 06, 2016 - Some 50,000 people march in Lima to protest the presidential candidacy of frontrunner Keiko Fujimori exactly 24 years after the coup d'etat staged by her father.

Apr 06 07:32

Blood Was Literally Flowing in the Streets

The final straw was when the government shut down the banks. Once no one could withdraw money, it devalued the currency by 66%...instantly stealing more than half of peoples’ life savings.

The government declared martial law and the police killed 23 people.

At this point, it was too late for compromises. It was an “off with their heads”-type moment.

When the mob reached critical mass, it stormed the presidential palace. The president had to run for his life.

He escaped in a helicopter from the roof with only the clothes on his back.

Had he not escaped, the mob likely would have killed him Mussolini-style - shot him and then hung him upside down in public.

Can you imagine an angry mob storming the White House…forcing President Obama to run for his life?

Webmaster's Commentary: 

Actually, I can.

Apr 05 12:18

You Won't Believe What We Saw In Socialist Venezuela

In this video Luke Rudkowski and Jeff Berwick travel down to Caracas Venezuela to give you a report on how people live in socialism. We not only give you a detailed update on life in Caracas but a complete social and economic breakdown of the situation on the ground.

Apr 05 08:54

Indigenous Women in Argentina Resist Fracking

By Derrick Broze

Six Mapuche women are resisting fracking operations in the Argentine Patagonia by chaining themselves to drilling rigs.

Indigenous women in the Campo Maripe community in the Argentine Patagonia are actively participating in the resistance to “extractivism” by using their bodies to protest fracking.

TeleSur reports that extractivism is “a type of economic model that is dependent on the large-scale removal (or ‘extraction’) and exportation of natural resources”. Whatever you call it, the process of stealing resources and land from native and indigenous populations has been ongoing for at least the last 500 years...

Apr 05 08:32

Attempted Coup in Brazil Seeks to Reverse Election Results

First, there is no doubt that this is a coup in progress. It is an attempt by Brazil's traditional elite — which includes, as one of the most important players, most of the major media — to reverse the outcome of Brazil's 2014 presidential elections. Exhibit A is the grounds on which they hope to impeach President Dilma Rousseff of the Workers' Party (PT by its Portuguese initials). It has nothing to do with corruption or any serious offense. The charge is that the government used borrowed money in 2014 to maintain the appearance that the primary budget surplus was within its target. But this is something that other presidents had done, and is hardly an serious offense. A comparison: When the Republicans in the U.S. Congress threatened to shut down the government over the debt ceiling in 2013, the Obama administration used a number of accounting tricks to extend the deadline, and there was little controversy over this.

Apr 05 08:30

Food Crisis in Venezuela

Mar 29 06:48

UN Falklands ruling: Britain rejects Argentina ‘not legally binding’ territorial claim

Britain has rejected Argentine claims to the waters surrounding the Falkland Islands following a UN commission ruling that extended the South American nation’s maritime territory by 35 percent.

Mar 26 10:01

Bolivia declares Israel a 'terrorist state'

Bolivian President Evo Morales declared Israel a "terrorist state," Wednesday, because of the ongoing offensive in the Gaza Strip.

Webmaster's Commentary: 

Mar 25 10:27

U.S. Government To Pull Foreign Aid In El Salvador For Refusing Monsanto Seeds

Farmers across the country have united in order to stop this stipulation within this US aid package. Which again, indirectly requires the purchase of Monsanto genetically modified (GM) seeds.

“Transnational companies have been known to provide expired seeds that they weren’t able to distribute elsewhere. We would like the US embassy and the misinformed media outlets to know more about the reality of national producers and recognize the food sovereignty of the country.” – Juan Joaquin Luna Vides, 45 year old Salvadoran farmer (2)

Hundreds of other farmers have successfully produced high-quality seed that is adapted to the specific soil and climate conditions of their country. Using indigenous seeds simply makes more sense.

Mar 23 17:56

Remembering America’s Role in Argentina’s Dirty War

By Derrick Broze

On Wednesday, President Obama visited Argentina and promised to release classified files related to the United States’ role in the military coup which took place 40 years ago today...

Mar 23 07:30

Record Loss For Petrobras As Political And Economic Crisis Worsen

Petrobras reported a record loss for the fourth quarter, a horrendous performance that raises questions about the company’s ability to handle its mountain of debt.

The state-owned Brazilian oil company announced that it lost more than 36 billion reais in the fourth quarter, or more than USD$10 billion, a 40 percent increase compared to the fourth quarter of 2014. The losses were all the more staggering because the previous year’s figures were inflated due to the massive corruption scandal, which continues to bedevil the company.

Mar 21 14:22

Roger Agnelli, banker who built Vale into mining giant, 'dies in Brazil plane crash'

Known for his discipline and feisty nature, Agnelli clinched the top job at Vale in July 2001 after 19 years as a corporate and investment banker with Banco Bradesco, a major Vale shareholder. He instilled a culture of meritocracy that helped make the company Brazil’s biggest exporter and the world’s largest iron ore producer. To friends and foes, the key to Agnelli’s success was accurately predicting the rise of China as a major minerals consumer, a crucial wager in turning Vale, a former bloated state-controlled firm, into a global powerhouse.

Mar 21 09:10

THE OILMAN WHO LOVED DICTATORS: OR HOW TEXACO SUPPORTED FASCISM

"Merchants have no country," wrote Thomas Jefferson in 1814. "The mere spot they stand on does not constitute so strong an attachment as that from which they draw their gains." The former president was ruing the way New England traders and shipowners, fearing the loss of lucrative transatlantic commerce, failed to rally to their country in the War of 1812. Today, with the places from which "merchants" draw their gains spread across the planet, corporations are even less likely to feel loyalty to any country in particular. Some of them have found it profitable to reincorporate in tax havens overseas. Giant multinationals, sometimes with annual earnings greater than the combined total gross national products of several dozen of the world's poorer countries, are often more powerful than national governments, while their CEOs wield the kind of political clout many prime ministers and presidents only dream of.

Mar 21 08:04

Roger Agnelli, banker who built Vale into mining giant, 'dies in Brazil plane crash'

Roger Agnelli, the Brazilian banker who turned Vale into one of the world’s biggest mining companies, has died in a plane crash. He was 56.

Agnelli, his wife and two children were among seven killed when his Comp Air 9 turboprop monoplane slammed into two homes around 3:20pm local time (18.20 GMT) on Saturday, minutes after taking off from an airport in northern São Paulo, an aviation official told Reuters.

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