Author: Juan Martinez
Bolivia is in turmoil as President Luis Arce thwarts an alleged coup attempt, ahead of the 2025 general elections, tensions are rising. Armed forces withdrew from the presidential palace after a confrontation led by General Juan José Zúñiga, who has been stripped of his command. President Arce condemned the actions as a coup and sought international support to protect democracy. President Arce Thwarts Alleged Coup in Bolivia – General Juan José Zúñiga. (Photo Internet reproduction) New military commander José Wilson Sanchez was appointed to stabilize the situation. The crisis reflects deep political divisions as Evo Morales plans to challenge Arce,…
Bolivia on the Brink: President Arce Warns of Possible Coup Amid Unusual Military Movements Bolivia is currently facing a precarious situation as both President Luis Arce and former President Evo Morales raise alarm over concerning military activities that hint at a potential coup. President Arce has publicly criticized the mobilization of Bolivian army units and the presence of armed tanks, emphasizing the gravity of the situation. Echoing these sentiments, Morales has pointed fingers at General Juan José Zúñiga, suggesting a coup in the making. In response to these threats, Morales has called for a national mobilization to protect democracy, urging…
In a shocking turn of events, former Honduran President Juan Orlando Hernández, aged 55, has been sentenced to 45 years in prison by a New York court for his involvement in drug trafficking. Additionally, he has been fined eight million dollars for facilitating the shipment of over 400 tons of cocaine to the U.S. over a ten-year period. Hernández, who served as president from 2014 to 2022, was found guilty after a two-week trial in March. Despite his claims of innocence, evidence presented in court depicted him as deeply involved in protecting drug traffickers in exchange for substantial payments. The…
Argentina entered 2024 facing a challenging economic climate, with a 5.1% decrease in GDP from the previous year. Under President Javier Milei’s leadership, the country underwent financial recalibration. Reports from INDEC highlighted reductions in personal and government spending, investment, and imports, while exports showed a promising increase. The economy continued to decline by 2.6% in subsequent quarters, with significant drops in investment and imports, indicating ongoing economic strain. The construction and manufacturing sectors were hit hardest, while agriculture, livestock, and forestry sectors saw growth. Despite challenges, sectors like education and health showed modest gains. Argentina’s economic journey, influenced by past…
This week, Kenyan police took on a critical mission in Haiti, combatting widespread gang violence in collaboration with local authorities. Leading a multinational force of 2,500 members, largely funded by the US and supported by other countries, they aim to restore peace and security in the violence-ridden nation. During a ceremonial farewell, Kenyan President William Ruto emphasized the mission’s importance as a symbol of global unity and announced plans to send an additional 600 officers to Haiti. Before deployment, the team conducted assessments to ensure operational readiness. The situation in Haiti has deteriorated following political turmoil, exacerbating violence and disrupting…
The political landscape in Venezuela is heating up as the opposition rejects a pact requiring candidates to accept the presidential election results on July 28, leading to a major divide between them and President Nicolás Maduro’s administration. While lesser-known candidates agreed to the pact, prominent opposition figures like Edmundo González Urrutia and Enrique Márquez refused, citing past breaches of electoral agreements by the government. As the campaign officially kicks off on July 4, Maduro’s crackdown on dissent is intensifying, with arrests of activists and journalists. Despite leading in polls by over 20 points, González believes the pact biases the campaign…
In a strategic move on June 20th, Claudia Sheinbaum, soon to be Mexico’s first female president, announced her initial cabinet selections in Mexico City. She introduced a team that includes seasoned political figures and new academic contributors, indicating a comprehensive approach to governance. Among these appointments, Juan Ramón de la Fuente has been appointed as Foreign Minister, Marcelo Ebrard will head the economy, and Ernestina Godoy will take on the role of Legal Advisor. Further enhancing her team, Sheinbaum introduced a new super ministry of science and technology, headed by Rosaura Ruiz. Additionally, Alicia Bárcena steps in as Secretary of…
Argentina achieved a significant financial milestone in May 2024, reporting its largest monthly primary surplus in recent history. With a primary surplus of 2.33 trillion pesos ($2.57 billion) and a financial surplus of 1.18 trillion pesos, President Javier Milei’s stringent fiscal policies have proven effective. These policies, including broad spending cuts across various sectors like public works and economic subsidies, transfers to provinces, and universities, aim to manage chronic high inflation and tackle national debt concerns responsibly. The country also demonstrated commendable fiscal discipline in the first quarter of the year, reporting a primary surplus of 3.868 trillion pesos, accounting…
This week, Argentina’s government unveiled sweeping reforms poised to reshape the nation’s future with the impending passage of the “Basic Law.” After initial hurdles, the bill now awaits final approval by the lower house on June 27, introducing significant changes to the administrative, economic, and social sectors. With over 660 articles initially proposed in January, the bill faced challenges but successfully garnered support with a condensed version that passed the lower house in April and Senate approval in June with amendments. During a press conference, the presidential spokesman highlighted the commitment to implementing the reforms and future considerations. The law…
Argentina’s recent improvements in inflation and public finances face new challenges in June, according to economist Javier Milei. Despite a steady decline in inflation since December, Mile predicts a rise in the Consumer Price Index (CPI) this month, coinciding with the country’s first primary deficit of the year. Milei remains optimistic about the year’s second half but acknowledges a slowdown in June’s CPI due to political stalling on critical economic legislation and pension adjustments. The Argentine Central Bank’s survey predicts a rise to 5.5% from May’s 4.2%, attributing the increase to delays in passing economic reforms and utility tariff adjustments.…