Honduras Bets on IMF Deal as Investors Snap Up 18% Bond Returns
June 13, 2014
Honduras’s government (click here) is betting that an accord with the International Monetary Fund will unlock $500 million to help the country boost growth in an economy plagued by one of the world’s highest levels of violence.
“I think that we are in better conditions than ever to reach an agreement,” President Juan Orlando Hernandez told reporters in Washington today. “The sovereign bonds already reflect a different attitude from the market toward Honduras.”
Honduran bonds have returned about 18 percent this year, the most about 60 emerging market economies tracked by JPMorgan Chase & Co.’s EMBIG index. The yield on the country’s dollar bonds due in 2024 plunged to 6.77 percent on June 10, the lowest since they were sold in March last year. The country will consider selling more bonds next year if yields continue to drop, Rivera said....
Back in the day of the colonists, the state of Georgia was a penal colony. By the USA selectively allowing those immigrants without a criminal record to stay in the USA, but, shipping everyone back to their country of origin it has created a penal colony of each of the countries now sending women and minors to the USA border.
May 15, 2014
...For the nations of Central America, (click here) these policies have been a disaster. An influx of displaced deportees has fed crime and violence that were already out of control—spurring more El Salvadorans, Guatemalans, and Hondurans to seek safety in the U.S., which has led to more asylum requests and deportations....
...True, allowing these criminals to stay in U.S. cities and prisons is dangerous and expensive. But if Congress and the Obama administration are going to continue deporting them, they could do some things to make the U.S. and Central America safer. Instead of cutting funding for the Central American Regional Security Initiative by 20 percent this year, to $130 million, they should be raising it and speeding up its delivery. Never mind the immorality of the U.S. outsourcing the drug war to those least capable of prosecuting it and U.S. culpability in incubating Central America’s gangs: Day to day, the region’s lawlessness and violence affect more Americans than does, say, the war in Afghanistan....
The Republicans really have it backwards, don't they?
Back in the day of the colonists, the state of Georgia was a penal colony. By the USA selectively allowing those immigrants without a criminal record to stay in the USA, but, shipping everyone back to their country of origin it has created a penal colony of each of the countries now sending women and minors to the USA border.
May 15, 2014
...For the nations of Central America, (click here) these policies have been a disaster. An influx of displaced deportees has fed crime and violence that were already out of control—spurring more El Salvadorans, Guatemalans, and Hondurans to seek safety in the U.S., which has led to more asylum requests and deportations....
...True, allowing these criminals to stay in U.S. cities and prisons is dangerous and expensive. But if Congress and the Obama administration are going to continue deporting them, they could do some things to make the U.S. and Central America safer. Instead of cutting funding for the Central American Regional Security Initiative by 20 percent this year, to $130 million, they should be raising it and speeding up its delivery. Never mind the immorality of the U.S. outsourcing the drug war to those least capable of prosecuting it and U.S. culpability in incubating Central America’s gangs: Day to day, the region’s lawlessness and violence affect more Americans than does, say, the war in Afghanistan....
The Republicans really have it backwards, don't they?
June 13, 2014
The Americans with fellow inmates in the prison yard. From left: James Kelly "Boo Boo" Garrett, Steve Matanich, Devon Butler and Nick Cook. [Michael McCabe]
The Americans with fellow inmates in the prison yard. From left: James Kelly "Boo Boo" Garrett, Steve Matanich, Devon Butler and Nick Cook. [Michael McCabe]
...The crew of the Aqua Quest (Americans from where gun laws are liberal) (click here) marine salvage boat remain jailed on charges of smuggling weapons into this Central American country. But they insist they had five guns only for protection against piracy in international waters.
Back home, the men's families are becoming increasingly worried. They believe this is all a shakedown for money in an impoverished nation with a corrupt judicial system.
The controversy has reached Capitol Hill, where U.S. congressmen are stepping up political pressure to free the crew. In a Senate Foreign Relations Committee hearing this week, Sen. Marco Rubio, R-Florida, questioned President Obama's nominee to be U.S. ambassador to Honduras about the case. And Honduras' president was meeting with U.S. State Department officials in Washington on Friday....
