Digging Out of Darkness: Labor, Capital, and the Chilean State in the Age of Mass Society

Pavilack, Jody. Mining for the Nation: The Politics of Chile’s Coal Communities from the Popular Front to the Cold War. University Park, Pennsylvania: The Pennsylvania State University Press, 2011. When Chile granted literate men over the age of 21 the right to vote in 1925, a new era marked by the rise of mass society… Read More Digging Out of Darkness: Labor, Capital, and the Chilean State in the Age of Mass Society

Venezuela Bonds Trapped by Oil’s New Normal as Relief Rally Ends

By Nathan Gill (Bloomberg) — This year’s climb in crude prices, however slight, brought relief to Venezuelan and Ecuadorean bondholders after last year’s crash decimated the oil producers’ revenue and prompted concern they were running short of cash. Now, the pessimism is back. While New York oil futures have surged 36 percent from a six-year… Read More Venezuela Bonds Trapped by Oil’s New Normal as Relief Rally Ends

JPMorgan Says Not to Worry as Ecuador Promotes Digital Currency

By Nathan Gill (Bloomberg) — Ecuador’s home-grown digital currency is nothing to fear. At least that’s the conclusion of analysts from JPMorgan Chase & Co. to Credit Suisse Group AG and Nomura Securities International Inc. The country’s bonds fell last week after the government ordered banks to start accepting a new electronic tender it created… Read More JPMorgan Says Not to Worry as Ecuador Promotes Digital Currency

Ecuador Requiring Banks to Offer Electronic Currency Services

By Nathan Gill (Bloomberg) — Ecuador, which uses the U.S. dollar as its official currency, will require banks to offer services tied to a government-created electronic coin. Lenders with assets greater than $1 billion as of Dec. 31 have 120 days to fulfill the requirement, while smaller banks will get as long as a year,… Read More Ecuador Requiring Banks to Offer Electronic Currency Services

South America’s Commodity Rout Spurs Public Spending on Housing

By Nathan Gill (Bloomberg) — Enrique Perez, who’s been building homes for most of his life in Ecuador, is finally going to make one for himself. Perez is an unlikely beneficiary of the plunge in crude prices. That prompted Ecuador, an OPEC nation, to offer mortgage subsidies to people like Perez, a construction worker. Ecuador… Read More South America’s Commodity Rout Spurs Public Spending on Housing

GMO Settles With Ecuador Over Bonds That Defaulted in 2009

By Katia Porzecanski and Nathan Gill (Bloomberg) — Grantham, Mayo, Van Otterloo LLC, a Boston-based money manager, dismissed its lawsuit against Ecuador over debt the nation defaulted on six years ago. The parties agreed to dismiss the suit filed in December in Manhattan federal court, agreeing that each side would pay its own costs and… Read More GMO Settles With Ecuador Over Bonds That Defaulted in 2009

GMO Settles With Ecuador Over Bonds That Defaulted Six Years Ago

By Katia Porzecanski and Nathan Gill(Bloomberg) — Grantham, Mayo, Van Otterloo LLC, a Boston-based money manager, dismissed its lawsuit against Ecuador over debt the nation defaulted on six years ago. The parties agreed to dismiss the suit filed in December in Manhattan federal court, agreeing that each side would pay its own costs and that… Read More GMO Settles With Ecuador Over Bonds That Defaulted Six Years Ago