Authorities in Chile say a Chilean air force plane with 21 people on board, including a popular TV host, is presumed to have crashed near a remote Chilean Island. Media sources says debris from the plane was found Friday near the Juan Fernandez islands, where the plane was heading when it disappeared. The Associated Press […]
Mexican President Vows to Continue Drug Gang Crackdown
Posted September 2nd, 2011 at 8:15 pm (UTC-5)
Mexico’s president is vowing to fight to the last day of his term against the drug cartels that have spread insecurity and taken over towns and police forces across Mexico. In a speech to the nation Friday, President Felipe Calderon said if the government backed down from its military crackdown, the country would be “totally […]
US Sues Major Banks Over Faulty Mortgage-Backed Stocks
Posted September 2nd, 2011 at 5:15 pm (UTC-5)
The U. S. government has filed lawsuits against 17 major banks, saying the government lost money — and the 2008 financial crisis was sparked — in part because these banks made their mortgages seem less risky. The Federal Housing Finance Agency said Friday their review shows that the banks provided marketing and sales material that […]
Earthquake Strikes Northern Argentina
Posted September 2nd, 2011 at 11:40 am (UTC-5)
An earthquake struck northern Argentina Friday. The U.S. Geological Survey says the 6.4-magnitude earthquake struck Friday morning, 130 kilometers southeast of Santiago del Estero. The quake was centered about 600 kilometers underground. There were no immediate reports of damage.
August Unemployment Rate Expected to Remain Steady
Posted September 2nd, 2011 at 7:30 am (UTC-5)
Analysts believe the U.S. unemployment rate will remain stuck at 9.1 percent when the government releases its monthly jobs report Friday. Most economists predict the figures will show at least 90,000 jobs were added to the anemic U.S. economy last month. If the forecasts hold true, it would be well below the 250,000 jobs that […]
Report: Major Banks Facing Federal Lawsuit over Faulty Mortgage-Backed Stocks
Posted September 2nd, 2011 at 4:05 am (UTC-5)
A U.S. newspaper says the federal government is set to file lawsuits against more than 12 massive financial institutions for misrepresenting the quality of mortgage-backed securities that played a role in the 2008 financial crisis. The New York Times says the Federal Housing Finance Agency is taking action against Bank of America, JPMorgan Chase and […]
Two Journalists Found Murdered in Mexico City
Posted September 2nd, 2011 at 12:10 am (UTC-5)
Mexican authorities say two female journalists were found murdered south of Mexico City Thursday. They say the women’s bodies were found in a park in Iztapalapa south of the capital. One victim is Ana Maria Marcela Yarce Viveros, founder of investigative magazine Contralinea. The second, is Rocio Gonzalez, who used to work for broadcaster Televisa. […]
Eastern US Still Recovering from Irene
Posted September 1st, 2011 at 1:06 am (UTC-5)
Crews in several eastern U.S. states are trying to restore power to hundreds of thousands of people four days after Hurricane Irene ravaged the area. In Vermont, emergency workers are airlifting food and water to thousands of residents stranded after floodwaters washed over roads and bridges, isolating a number of communities in the state’s worst […]
Colombia: Defense Minister Replaced Amid Growing Guerilla Violence
Posted August 31st, 2011 at 8:20 pm (UTC-5)
Colombian President Juan Manuel Santos has replaced his defense minister amid rising concerns over a surge in guerilla attacks. Rodrigo Rivera resigned on Wednesday, saying he was going to “explore new opportunities.” Mr. Santos praised Rivera’s accomplishments at the news conference announcing his departure. But both Mr. Santos and Rivera have faced growing criticism over […]
Mexico Casino Attack May Be Linked to Corruption
Posted August 31st, 2011 at 7:55 pm (UTC-5)
The investigation into a deadly arson attack on a Mexico casino has taken a new turn after surveillance photos and videos surfaced showing the local mayor’s brother accepting wads of cash at a casino just days before the attack. Mexican newspapers and websites published the images Wednesday. They show Manuel Jonas Larrazabal, the brother of […]
