from MacroScope:

Rate hikes are coming… in Latin America

September 17, 2015

Federal Reserve Board Chair Janet Yellen prepares to testify before a House Financial Services committee hearing on Capitol Hill at in Washington

Latin American central banks are watching today's Federal Reserve meeting very closely. Some are ready to raise their own interest rates, even if Yellen does not pull the trigger now.

from Unstructured Finance:

Alexander Soros says environmental activists should be considered ‘great heroes’

By Jennifer Ablan
November 17, 2014

ALEXSOROSAlexander Soros, the son of legendary investor George Soros, said the death of a Peruvian environmental activist fighting to save the Amazon rainforest moved him to act.

from Photographers' Blog:

Living the Peruvian dream

June 12, 2014

Gosen City, Lima, Peru
By Mariana Bazo

Life in the settlements on the outskirts of Lima can be very hard, but years of economic growth in Peru have helped benefit even some of its poorest residents. In one shantytown called Gosen City, a cluster of houses that grew up haphazardly around a garbage dump, this change is really starting to show.

from Breakingviews:

U.S. is minimum-wage laggard given its prosperity

March 3, 2014

By Martin Hutchinson
The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

from Photographers' Blog:

Living on climate change

September 27, 2013

Huaraz, Peru

By Mariana Bazo

Climate change now has a historic route in the Andean cordillera. The gradual melting of tropical glaciers (glaciers located within the tropical latitudes) in one town has led to a decline in tourism that has made villagers look for alternatives to continue attracting tourists.

from Global Investing:

Emerging Policy-Hawkish Poland to join the doves

November 6, 2012

All eyes on Poland's central bank this week to see if it will finally join the monetary easing trend underway in emerging markets. Chances are it will, with analysts polled by  Reuters unanimous in predicting a 25 basis point rate cut when the central bank meets on Wednesday. Data has been weak of late and signs are Poland will struggle even to achieve 2 percent GDP growth in 2013.

from Photographers' Blog:

Love within boundaries

October 15, 2012

By Mariana Bazo

The Lurigancho prison in Lima is one of the most overcrowded, violent and unruly jails in Latin America. More than 8,500 prisoners live within its walled perimeter with so much freedom that they have created their own city which reproduces the urban society on the outside, including its most unjust and grotesque aspects. The passageways and open areas are filled with vendors, food stands, soccer fields, industrial zones, rehabilitation centers, barber shops and even pet animals.

from Global Investing:

Fed re-ignites currency war (or currency skirmish)

September 19, 2012

The currency war is back.

Since last week when the Fed started its third round of money-printing (QE3), policymakers in emerging markets have been busily talking down their own currencies or acting to curb their rise. These efforts may gather pace now that Japan has also increased its asset-buying programme, with expectations that the extra liquidity unleashed by developed central banks will eventually find its way into the developing world.

from Global Investing:

Russia: a hawk among central bank doves?

August 7, 2012

This week has the potential to bring an interesting twist to emerging markets monetary policy. Peru, South Korea and Indonesia are likely to leave interest rates unchanged on Thursday but there is a chance of a rate rise in Russia. A rise would stand out at a time when  central banks across the world are easing monetary policy as fast as possible.

from Photographers' Blog:

Trapped with a way out

April 17, 2012

By Mariana Bazo

It would be impossible to think of rescuing miners and not to associate such thoughts to the rescue of the Chilean miners in San Jose, Copiapo, 2010. That really was a glorious rescue after a lengthy sixty-nine day underground wait.