China Announces Heavy Investments in Argentina

ew gallery   Visiting Chinese President Xi Jinping announced huge investments in hydroelectric power, shipbuilding, railways and a deal to help Argentina build its fourth nuclear plant. No total dollar figure was given. Xi has…

BRICS against Washington Consensus: Death Sentence for the Neoliberalism?

The headline news is that this Tuesday in Fortaleza, northeast Brazil, the BRICS group of emerging powers (Brazil, Russia, India, China, South Africa) fights the (Neoliberal) World (Dis)Order via a new development bank and a reserve fund set up to offset financial crises. The devil, of course, is in the details of how they’ll do it. It’s been a long and winding road since Yekaterinburg in 2009, at their first summit, up to the BRICS’s long-awaited counterpunch against the Bretton Woods consensus – the IMF and the World Bank – as well as the Japan-dominated (but largely responding to US priorities) Asian Development Bank (ADB). The BRICS Development Bank – with an initial US$50 billion in capital – will be not only BRICS-oriented, but invest in infrastructure projects and sustainable development on a global scale. The model is the Brazilian BNDES, which supports Brazilian companies investing across Latin America. In a few years, it will reach a financing capacity of up to $350 billion.

BRICS Nations Agree to Create Own Development Bank

  Leaders of the BRICS nations, from left, Russia’s President Vladimir Putin, India’s Prime Minister Narendra Modi, Brazil’s President Dilma Rousseff, China’s President Xi Jinping and South Africa’s President Jacob Zuma, pose for a group…

Canadian Intelligence Working in the Interests of the U.S.

The «quiet Canadians», unlike the «quiet Americans» from intelligence agencies, are rarely caught red-handed when performing their duties. However, recently Canadian ambassador Jamal Khokhar was summoned to the Brazilian Ministry of External Relations. Following the…

The NSA’s Mass and Indiscriminate Spying on Brazilians

As it does in many non-adversarial countries, the surveillance agency is bulk collecting the communications of millions of citizens of Brazil I’ve written an article on NSA surveillance for the front page of the Sunday edition…