Ecuador To Sell A Third Of Its Amazon Rainforest To Chinese Oil Companies

Ecuador is planning to auction off three million of the country's 8.1 million hectares of pristine Amazonian rainforest to Chinese oil companies, Jonathan Kaiman of The Guardian reports. The report comes as oil pollution forced neighboring Peru to declare an environmental state of emergency in its northern Amazon rainforest.
Ecuador owed China more than $7 billion — more than a tenth of its GDP — as of last summer.

Read more: http://www.businessinsider.com/ecuador-selling-its-rainforest-to-china-2013-3#ixzz2PBhpNHPF

Ecuador To Sell A Third Of Its Amazon Rainforest To Chinese Oil Companies Read more: http://www.businessinsider.com/ecuador-selling-its-rainforest-to-china-2013-3#ixzz2PBhOI8Ab

Argentine defiance in appeal of $1.4 billion debt ruling aims at unlikely Supreme Court win

BUENOS AIRES, Argentina –  With just hours to go before Argentina has to show its last cards in a billion-dollar debt showdown in the U.S. courts, President Cristina Fernandez seems to be keeping up her "we're going for more" motto. Her government is reportedly preparing a response that analysts say could lead the country into another catastrophic default.
Argentina has until midnight Friday to propose how it would satisfy a $1.4 billion judgment won by plaintiffs who have insisted for a decade on getting full payment in cash, plus interest and penalties, on sovereign debt that the country hasn't paid since its world-record default in 2002.

Read more: http://www.foxnews.com/world/2013/03/29/argentine-defiance-in-appeal-14-billion-debt-ruling-aims-at-unlikely-supreme/#ixzz2P5LbA0K6

Salmon: Could Cyprus Go the Way of Ecuador?

Salmon: Could Cyprus Go the Way of Ecuador?By Felix Salmon 03/29/13 - 03:56 PM EDT

 NEW YORK (Reuters Blogs) -- A small country that has adopted a major global currency finds itself with massive debts and insolvent banks. Its only real hope is that it controls areas rich in hydrocarbons; the problem is that it has neither the wealth nor the expertise to exploit those hydrocarbons on its own. The result: It ends up essentially selling itself to an omnivorous global superpower that is interested only in access to resources rather than in domestic economic growth and prosperity. 

http://www.thestreet.com/story/11883579/1/salmon-could-cyprus-go-the-way-of-ecuador.html 

Peru Announces Military Draft as Govt Fights Traffickers, Rebels

Peru Announces Military Draft as Govt Fights Traffickers, Rebels: Written by Miriam Wells Thursday, 28 March 2013

The Peruvian government has reinstated a military draft in order to counter a shortfall of 30,000 personnel, as the country militarizes its fight against drug traffickers and Shining Path guerrillas. Armed forces commander Admiral Jose Cueto said a lottery system would be used to select men aged between 18 and 25 in May, reported the Associated Press. Parents and university students are exempt, and those selected can avoid service if they pay a $700 fine, sparking fierce criticism that the burden will fall almost entirely on the country's poor.: http://www.insightcrime.org/news-briefs/peru-announces-military-draft-traffickers-rebels?utm_content=aggiecarter%40gmail.com&utm_source=VerticalResponse&utm_medium=Email&utm_term=Peru+Announces+Military+Draft+as+Govt+Fights+Traffickers%2C+Rebels&utm_campaign=Weekly+InSight%3A+Vigilante+Standoff%3B+Gang+Trucecontent

BRICS leaders agree on joint development bank

The BRICS group of emerging economies has hammered out a deal to establish an infrastructure bank that will rival the Western-dominated World Bank.Leaders from Brazil, Russia, India, China and South Africa met Wednesday, on the second day of the fifth BRICS summit in the South African city of Durban.

http://www.presstv.ir/detail/2013/03/27/295436/brics-nations-draw-up-joint-bank-deal/

Plotting the next Silicon Valley -- you'll never guess where- ECUADOR

Plotting the next Silicon Valley -- you'll never guess where

special report Crave globe-trotter Eric Mack kicks off an exclusive four-part series on the unlikely Latin American spot hoping to transform itself into a new hub for science, technology, and innovation.http://news.cnet.com/8301-17938_105-57575554-1/plotting-the-next-silicon-valley-youll-never-guess-where/

by Eric Mack

March 26, 2013 9:00 AM PDT

Ecuador Auctions Off Amazon to Chinese Oil Firms

By Jonathan Kaiman, Guardian UK

28 March 13

cuador plans to auction off more than three million hectares of pristine Amazonian rainforest to Chinese oil companies, angering indigenous groups and underlining the global environmental toll of China's insatiable thirst for energy.http://readersupportednews.org/news-section2/329-126/16682-ecuador-auctions-off-amazon-to-chinese-oil-firms