Tag Archives: Latin America

Why I REALLY Moved to Puerto Rico, and You Should Too

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“This is the new land of opportunity. There is a critical combination here of an underutilized but well-educated workforce, a culture that is obviously changing for the better, and a tax regime that is committed to letting entrepreneurs reinvest more of our money back into our businesses.  Add those three together, and there would be something good going on down here. But there’s another factor: The Internet. With the ability to do many jobs from the convenience of anywhere, thanks to Skype, GoToMeeting, Gmail, Dropbox, and thousands of other tools that finally make the home office a reality, the opportunity is enormous.”

http://www.caseyresearch.com/cdd/the-volcker-rule-and-you-whats-your-bank-doing-with-your-money

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Cuba plans big tax breaks to lure foreign investors

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“Cuba’s communist government has drawn up a new foreign investment law that will cut the profits tax in half and exempt investors from paying it for eight years in an attempt to attract desperately needed capital into the economy.  But the proposed law appears to withhold many of the tax benefits from companies that are 100 percent foreign-owned.  The proposed law includes a clause that bans expropriations except in cases of public interest previously established by the government, in which case investors would be compensated.  The new investment law continues the structural economic reforms under way in Cuba since President Raul Castro took over from his ailing brother Fidel in 2008.”

http://www.reuters.com/article/2014/03/26/us-cuba-investment-idUSBREA2P23Z20140326

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5 Amazing, Cheap Places to Live as an Expat

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“After you finish college and work for a couple years but before you settle down and have kids, you might succumb to the wanderlust that makes people go expat. Maybe you have friends who have gone abroad. Maybe you were just too busy to do any traveling in college. No matter what the reason, living abroad is an amazing experience. Far more than just tourism, living abroad allows you to immerse yourself in another culture while also getting the keen view of an outsider. It can also make you highly attractive to prospective employers when you return to the states.  But where should you go? Here are five amazing places where you can live on the cheap as an American abroad.”

http://www.wisebread.com/5-amazing-cheap-places-to-live-as-an-expat

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Bitcoin & Anarchy with Jeff Berwick

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“In this episode we interview Jeff Berwick of The Dollar Vigilante and Anarchast. We cover lots of interesting topics from; moving to South America, making your own start-up, protecting your wealth with Bitcoin and others.”

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Venezuela students protesting economy shot dead by gunmen

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“At least three people were shot dead as violence erupted during anti-government protests in the Venezuelan capital, Caracas, on Wednesday.  Students in the western states of Tachira and Merida have been at the forefront of the protests, saying they are fed up with the lack of security and the poor state of Venezuela’s economy.  The country has the highest inflation rate in the region at 56.2% in 2013, according to official figures.  It is also beset by shortages, with shoppers often having to search a number of supermarkets for staples such as milk and toilet paper.  The government has blamed the shortages on ‘saboteurs’ and ‘profit-hungry corrupt businessmen’.”

http://www.bbc.co.uk/news/world-latin-america-26166094

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Latin American Exec: Employees Could Earn 5% More with Bitcoin

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“Bitcoin’s potential to cut credit and debit transaction fees and exchange rate costs is often seen as its biggest advantage to international businesses.  However, to entrepreneurs in developing countries the virtual currency represents an even greater opportunity: the end to costly trade restrictions that inhibit their profits and ability to compete.  Ulf Kuhn, founder of Chile-based Telemarketing Facil, has learned this lesson firsthand. The German native moved to Chile three years ago to export business ideas and learn more about developing markets.  However, he soon found that the traditional banking system was there to impede his efforts every step of the way.”

http://www.coindesk.com/latin-american-exec-employees-earn-more-bitcoin/

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Argentina Bust Lures Investors After 200 Years of Defaults

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“Kyle Bass says there’s still money to be made lending to Argentina, a deadbeat country with few peers in history. The hedge-fund manager is the latest example of international investors pursuing riches where crises over 200 years ruined most of its citizens.  Bass said he bought Argentine bonds at 55 cents on the dollar last year and has no plans to sell even as global investors say there’s an 86 percent chance Argentina will quit paying in the next five years.  ‘There’s huge opportunity in these bonds,’ said Bass, who manages about $2 billion for Dallas-based Hayman Capital Management LP. ‘I know you can’t see that today, but today’s the time to be thinking about it.'”

http://www.bloomberg.com/news/2014-02-03/argentina-bust-lures-bass-led-investors-in-200-years-of-defaults.html

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Fire Destroys Iron Mountain Data Warehouse in Buenos Aires

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“Storage and information management firm Iron Mountain has lost one of its main data centers today, according to the Associated Press. Although it’s unclear how the fire started, it spread quickly and took hours to control.  The data center was located in Buenos Aires, the capital of Argentina. Among the data stored there were several archives containing corporate and central bank records, a potentially huge loss that could have some surprisingly far reaching consequences. Just last month, for instance, the United States Supreme Court decided to hear a case on whether creditors could seek historic bank records from Argentina regarding the country’s default in 2001.”

http://technologyadvice.com/iron-mountain-data-warehouse-burns-buenos-aires/

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Inflation Fuels Crises in Two Latin Nations

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“Mrs. Kirchner’s cabinet reiterated threats to fine or shut down businesses that raise prices.  In Venezuela, soldiers forced retailers to sell electronics goods at bargain-basement prices; one general guaranteed plasma televisions to all Venezuelans on national TV.  A new agency Mr. Maduro created, the National Superintendence for the Defense of Socio-economic Rights, began deploying 480 inspectors this week to check prices and level sanctions against those who set them too high.  The agency aims to enforce a new law that can lead to a 14-year prison term for those convicted of hoarding products or waging ‘economic warfare’ against the government.”

http://online.wsj.com/news/articles/SB10001424052702304851104579362530567845104

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Brazil Has Worst Trade Gap Since at Least 1991 on Export Plunge

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“Brazil in January recorded its largest monthly trade deficit on record as exports dropped and imports of consumer and capital goods increased.  Brazil posted a trade deficit of $4.06 billion after posting last year the worst annual trade balance since at least 1991, the Trade Ministry said in a report published today. While trade partners including China and Argentina have seen their economies slow, record-low unemployment and higher public spending have fueled domestic demand and fanned inflation in Brazil. Policy makers have raised the benchmark interest rate in seven straight meetings to slow consumer price increases as a falling real makes some imports more expensive.”

http://www.bloomberg.com/news/2014-02-03/brazil-has-worst-trade-gap-since-at-least-1991-on-export-plunge.html

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