Daily News Channel
The problem facing President Barack Obama in Latin America is that under the peevishness and negligence of his predecessor, the continent saw a stunning expansion of the anti-U.S. left. The solution to that problem may be Brazil’s President Luiz Inacio Lula da Silva, who on Saturday becomes the first Latin American leader to visit the Obama White House — an invitation that all but anoints him as President Obama’s liaison to the region
Politicians and banking regulators across Latin American and the Caribbean called for calm Wednesday after panicked investors pulled their money from banks owned by the Stanford Group, whose owner is accused in a multibillion dollar investment and sales fraud scheme.
A British couple has been detained at Margarita Airport in Venezuela after 24 kilograms of cocaine was allegedly found in their luggage, according to press reports. “This bank does not have any problem, is a healthy financial institution,” Edgar Hernandez Behrens, Venezuela’s superintendent of banks, said of Stanford Bank Venezuela, the state-run ABN news agency reported. An estimated $2.5 billion to $3 billion has been invested in the bank, he said