U.S.

Analysis of US-Venezuela Economic Relations and US President Trump’s Decision to Ban the Petro

April 16, 2018

This article was written as part of the course “Latin American Economic Development” offered by Professor Marla Ripoll, Department of Economic, University of Pittsburgh.

 

The United States Treasury Secretary announced on last March that President Donald

Trump signed an executive order banning all transactions within the United States or by US

citizens that involve Venezuela’s new cryptocurrency. The petro, which was Venezuelan

president Nicolás Maduro’s plan to combat the rising hyperinflation and devaluation of the

Former Bolivian president put on trial in the U.S. for October Massacre

March 15, 2018

Last week, a long awaited trial against the former president of Bolivia and his minister of defense commenced on Monday with its jury selection.  Defendants did not take to the stand in their home country, though; rather, the eight families who have charged Gonzalo Sánchez de Lozada and José Carlos Sánchez Berzaín traveled to Fort Lauderdale, Florida, to make their case to a U.S. court.  

Why Cuban landholders keep losing

February 12, 2018

Earlier last month, Cubans Americans held their breath as U.S. Secretary of State Rex Tillerson contemplated what would become of Title III of the Cuban Liberty and Democratic Solidarity (LIBERTAD) Act.  Eventually passing the responsibility off to Thomas Shannon, the Under Secretary of State for Political Affairs, it was decided that the measure would be suspended another six months, to the dismay of thousands who believed the Trump administration would upend the long disputed bill (Torres 2018).  

Newest Mexico travel advisory crosses the line

January 29, 2018

As 2017 unfolded, the Mexican tourism sector was booming.  For the majority of the year, the country was seeing a 20 percent average gain in international passenger arrivals (following a three-year positive trend), and American Airlines Vacations reported a 25 percent rise in demand for Mexican beach destinations (Navarro & Cattan 2017).  However, a travel warning issued on August 22 of last year by the United States State Department proved to be destructive.

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