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Monthly Archives: March 2019
March 11, 2019 03:16 PM
The U.S. and Colombia have had a strong relationship for much of Colombia’s 200-year history due to Colombia being one of the oldest democracies in Latin America. Known for having a past full of terrorism from infamous drug cartels, Colombia has reinvented itself and today has a stable democracy. The U.S. has a history of sending aide and assisting Colombia in its efforts to eradicate drug trafficking. From this past relationship of fighting narcotrafficking the U.S. and Colombia have come to share similar ideals such as supporting democratic governance, promoting security, and creating economic opportunities for all people (State, 2018). Sharing these ideals has also led to free trade agreements, becoming members of the same international organizations and U.S. assistance to Colombia that is more than just eradicating narcotrafficking (State, 2018). Recently the U.S. and Colombian relationships have come into the limelight. With meetings between the two countries leaders and representatives in January and February.
4 Min Read
Monthly Archives: March 2019
March 02, 2019 02:06 PM
In 1934 U.S. forces left the country of Nicaragua after a period of guerrilla warfare waged by opposition leader Augusto CŽsar Sandino. As they left the U.S. put Anastasio Somoza in charge and 44 years of a terrible dictatorship backed by the U.S. began. The Somoza family kept power until the civil war in 1978. The Sandinista National Liberation Front (FSLN), a group named after the legendary Augusto CŽsar Sandino, led a movement to oust the Somoza family. Nicaragua chose to create a democracy and in 1984 a man with socialist ideas and dreams named Daniel Ortega was elected president. Unfortunately, during his presidency inflation soared and the U.S. fueled an opposition group of anti-Sandinistas. Daniel Ortega was defeated in the 1990 election, but his FSLN party would make a comeback and reelect him in the 2006 election.
5 Min Read
Monthly Archives: February 2019
February 12, 2019 04:42 PM
In the late 1970s, Venezuela thrived economically thanks to high oil prices, which allowed it to be one of the most prosperous countries in South America. Then came an oil crisis in the 1980s that significantly raised inflation. The economy continued to suffer throughout the 1990s. In 1992, Major Hugo Chavez attempted to stage a coup d’état which ultimately failed.In 1998, he was elected president after promising to reform the government and answer the needs of the people. One of his first acts as President of Venezuela was to rewrite the Venezuelan Constitution, which consolidated power in the Executive Office. The early 2000s saw Venezuela receiving vast amounts of equity as oil prices soared once again. Hugo Chavez took some of the wealth, and the other part went into paying foreign debts; however, not much went into infrastructure or the people. By March 2013, President Hugo Chavez was nearing death from cancer. One of his last appearances as president was speaking directly to the Venezuelan people to ask them to elect his newly appointed Vice President and former Foreign Minister, Nicolas Maduro. Nicolas Maduro was elected in April 2013 by an extremely narrow margin. Since his election, Maduro has had a difficult time. The economic situation his government inherited has been in a slow decline since 2010 when oil prices began to drop. Almost 90% of Venezuela’s foreign income is from oil. Even though it boasts the biggest reserve of oil in the world, in recent years it has seen a decline. One reason for this decline was the nationalization of the oil industry. He did not improve machinery, infrastructure, or employee training and conditions. In January 2016, Venezuela produced 2.3 million barrels a day, which dropped to 1.6 million barrels a day in January 2018. Production of oil continues to drop and as a result, almost 3 million Venezuelans have fled the country for lack of employment. In 2016, the country had 70 operating oil rigs which has now dropped to only 43 operating rigs. In 2018 alone, as the nation was hurting for funds, Maduro reportedly sold 40% of the nation’s gold reserves. He also implemented a cryptocurrency called petro which is tied to the Venezuelan oil industry. Petro was introduced to spur investment into the country’s oil reserves and supplement its national currency.
8 Min Read
Monthly Archives: January 2019
January 26, 2019 01:48 PM
The recent election in Venezuela has left the country in even more disarray than it was already in. President Nicolas Maduro was elected to serve a second six-year term as president. The people of Venezuela and many other countries have claimed that the election was a sham and unjust. The main opposition said it would refuse to run against Maduro because they knew the election would be staged. Stating that the government decided to move the election from its scheduled time in December, all the way to May so that they would have an advantage. The government saw it as an easy win in May because most of the oppositions political figures were banned from running for office, jailed, or had fled the country. Luckily for the government one opposer decided to run for the presidency, Henri Falcón. Making the election look like a far race, but right after the election Henri called it rigged an unfair. Because a starving country was promised food if it voted for Maduro. The elections had a 48% turnout at the polls. Which was down from the 80% at the previous 2013 election. Many experts are also saying that the 48% is inflated with the actual turnout being more around 30%. The Venezuelan CNE is supposed to govern the election independent of the government but four of its five seats are supposedly filled with Maduros puppets. With So many issues and red flags going on in a country in turmoil what are the implications of such events?
7 Min Read