For more than a decade, much of Latin America has enjoyed an economic boom. But at its annual meeting in Brazil over the weekend, the Inter-American Development Bank indicated the party is ending. And the situation may be worse because the region didn’t make productive reforms when times were good.
It may or not be a coincidence that Cuban leader Raúl Castro disclosed his new foreign investment law this week just as Venezuela was getting another big thumbs-down from the financial world.
Cuba’s threadbare communist economy depends on kindred benefactors like socialist Venezuela. But as that oil-rich country’s own economy continues to implode – the Fitch Ratings company downgraded Venezuelan credit to “Outlook Negative” on Tuesday – Castro has no choice but to open his island’s rusted doors more broadly to capital, capitalism and capitalists.
Red-light cameras appear to be safe for another year in Florida. A bid to get rid of them crept to a halt this week in the Florida Legislature.
Senate Transportation Committee Chairman Jeff Brandes, R-St. Petersburg, knew his bill was in trouble, so he suggested changes. He proposed an amendment that would prevent cameras from ticketing drivers who make right turns on red “if the vehicle is traveling less than 15 miles per hour, is not involved in a crash, and no pedestrians are in the crosswalk.”
Sen. Marco Rubio, as well as several Florida state representatives, are trying to clear the road for a popular smartphone app called Uber to operate in Miami-Dade. The app, which allows people to hire a town car and driver through a few taps of their phone, has been meeting fierce resistance from the county’s taxi companies.
Changes to the Florida Department of Children and Families are on the way. Lawmakers are considering legislation after a Miami Herald investigation chronicled the deaths of hundreds of children under the state's watch.
Of all the on-scene reporting from the deadly anti-government protests in Venezuela, Frank Bajak of the Associated Press may have written one of the mostimportant pieces this week – and it didn’t involve tear gas or street barricades.