Free Market Reforms Needed to Fix Venezuelas Socialist Economic Problems

In Venezuela, the laws of supply and demand are undermining the socialist revolution started by the late President Hugo Chavez. Since Chavez's hand-picked successor Nicolas Maduro won the Venezuelan presidential election in April - by a margin of less than 2 percent - high inflation and a shortage of staple goods are now leading many on both sides of this politically-divided country to question ...

Pesky garden snails make profits in Colombia

A retired couple in Colombia has turned their plant eaters into a thriving business that exports four tons of snail meat a month to Europe. NBCNews.com's Dara Brown ...

Venezuela’s Turmoil No Laughing Matter

The repercussions from Venezuela's economic policies are providing journalists with excellent fodder for humorous headlines, replete with puns. "Venezuela's Government Moves to Relieve Toilet Paper Shortages," reads the title of an Agence France Presse story Wednesday. The "moves" were among the first taken by the country's National Assembly, which reconvened ...

REUTERS SUMMIT-Colombia to tweak tax rules hunt foreign investors

Thu May 23, 2013 9:21am EDT * Foreign participation in TES market is about 4.5 pct * Gov't hopes tax clarification will boost foreign interest * Official hopes Colombia reaches levels closer to Peru, Mexico By Helen Murphy and Nelson Bocanegra BOGOTA, May 23 (Reuters) - Colombia hopes to attract more foreign money to its local bond market when it clarifies the text of a recent tax reform ...

Jamaica branch of Cuba-Venezuela cable goes live

ALBA -1 submarine cable, which connects the island with Venezuela, according to Doug Madory of internet analysis firm Renesys. Madory told The Associated Press that he detected new traffic between state-owned telecoms monopoly Empresa de Telecomunicaciones de Cuba (ETECSA) and Cable & Wireless Jamaica beginning 13 May 2013. 'They’re gaining some physical diversity there, so if ...