Luis Maizel’s Monthly Letter: Divided Congress, Good or Bad?

Image: Wildpixel on iStock After a very messy election and nearly $17 billion in campaign spending, the Democrats did better than projected and retained the Senate, although they lost control of the House of Representatives. People wonder why, at a time of enormous inflation, crime in the streets, and a rather incapable president with popularity …

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Mexico as a Declining Power

Ricardo Pascoe Pierce The Brazilian candidate to head the Inter-American Development Bank, Ilan Goldfajn, won the leadership in an election that pitted two Latin American giants, Mexico and Brazil, against each other. Goldfajn won the election with 80.08% of the votes cast. Argentina, which had …

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Luis Maizel’s Monthly Letter: All of Latin America is Now Left-Wing.

With Lula’s victory in Brazil, the entire subcontinent, from Argentina to Mexico, now has a left-wing populist government. The explanation for this phenomenon is quite simple. The difference in income distribution, where very few have a lot of money, and the majority live in poverty, …

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