Friday March 16, Latin America Daily Briefing
Every morning the PanAm Post gives you a briefing on the most important news from the Americas.
These are the top stories this morning
Protests take over Brazil after the assassination of Rio Councilwoman
Marielle Franco, a Rio city councilor, was found dead in her car alongside her driver late Wednesday night. She was shot from another vehicle, in was an “apparent assassination”, says The Guardian. On that same day she wrote, “How many more must die for this war to end?”, on Twitter.
— Shannon Sims (@shannongsims) March 16, 2018
Protestors took the streets Thursday to commemorate the murdered councilwoman. Thousands of supporters gathered in Rio throughout the day and well into the night to demand justice for Ms. Franco. The Brazilian public is incensed over what it thinks is a mishandling of the security situation throughout the country, but especially in Rio de Janeiro. It recently put the military in command of security in the city, which Ms. Franco was vocally against.
Venezuela’s gold reserve now below 14%
The crisis-stricken country now has to worry about it’s dwindling gold reserve atop rampant crime, total lack of basic medicine, foods and water, and daily electrical outages. The country lost 16% of its oil reserves at the end of 2017 alone. Venezuela’s hyperinflation hit 7428% on Thursday.
ISIS plot to assassinate U.S. diplomat scuttled by Colombian authorities.
The Cuban suspect, Raul Gutierrez, is being held without jail for allegedly planning to “make and detonate a homemade bomb in a restaurant.” The accused had been deported to Cuba several times after trying to go into the United States through Colombia. Colombian authorities had been monitoring his social media communications for some time.
Siemens exec. pleads guilty to I.D. card bribery charges
After eluding authorities for years, the suspect, 78 Eberhard Reichert, plead guilty to “conspiracy to pay $100 million in bribes to Argentine government” in exchange for lucrative contracts to manufacture the nation’s I.D. cards. The landmark case began in 1997, but Reichert managed to avoid authorities until finally caught in Croatia and was extradited to the United States.
First Oil Rights Auction In Argentina In Years Takes Place
For the first time since ex-President Cristina Kirchner kicked out energy giant Repsol, Argentina is holding public oil rights auctions. Both Shell and Statoil have expressed interest., according to Sourceable. The potential to find enormously profitable reserve makes this a very appealing auction for oil companies worldwide.