There goes the neighborhood!!! Peru, Ecuador, etc.

[admin]

well Ecuador is doing good. martial law, by a president that has abandoned the capital and is basically in hiding?

https://amp.theguardian.com/world/2019/ ... o-violence

[admin]

seems first Ecuador curfew since 1970's dictatorship:

https://www.bloomberg.com/news/articles ... nd=premium

[ghibli]

Yes. It looks very bad. Regarding Correa's loan programs with China.. Well there was a completely manageable payment schedule to payoff by 2024. What Moreno has now is a $4.2 billion loan from IMF which requires a really brutal austerity program plus another $6 billion in loans from various agencies like the World Bank. These loans have terms of from 3 years up to 30 years for the major part. One wonders whose pocket received those funds and why exactly. One knows out of whose pockets the loans will be paid - the taxpayers. In addition Moreno gave a tax amnesty to the transnational oil majors amounting to about 1% of GDP - beaucoup de dinero... you would think that if the country needed money it would try to collect from the tax delinquent deadbeat oil companies. After all about one third of ecuador's economy is extractive - which means that when it's gone, there ain't no mo. It seems reasonable to expect the country to share in the profits from its OWN RESOURCES. There I go shouting again. Poor people...

[fraggle092]

From that Bloomberg article:

Fuel price rises have a long history of provoking unrest not just in Latin America but around the globe -- a gas tax increased sparked the Yellow Vest movement in France.

Fuel subsidies always cause problems when they become unsustainable. In Chile, Truckers end up paying very little tax on diesel-and woe betide the country if there's ever any attempt to change that.

http://www.economiaynegocios.cl/noticia ... ?id=517886

[41southchile]

From that Bloomberg article:

Fuel price rises have a long history of provoking unrest not just in Latin America but around the globe -- a gas tax increased sparked the Yellow Vest movement in France.

Fuel subsidies always cause problems when they become unsustainable. In Chile, Truckers end up paying very little tax on diesel-and woe betide the country if there's ever any attempt to change that.

http://www.economiaynegocios.cl/noticia ... ?id=517886

Yup, neither do agriculture sector have to pay the especifico tax on diesel in Chile, supposedly just for farm vehicles and machinery, but of course most use it for their private vehicles too. Fuel subsidies and indeed any subsidies inevitably always cause problems as they are open to abuse and become unsustainable in many places.

[41southchile]

here is one of the joys, having lived so long in chile, i often forget about the rest of Latin America deals with all day every day: bribes.

friend just came back from a trip to peru today. they rented a car to drive an hour outside lima. were stopped twice in an hour to pay bribes to the police on the highway.

FYI, the friend was born in Argentina. grew up riding around in armoured vehicals in colombia for 20 years, right through the height of the pablo Escobar years, and has basically traveled and lived in every country in south america during their most dangerous moments in the last 40+ years. Her father, was a spy for the allies in brazil durring WWII. Not exactly a wet behind the ears gringo that does not know how to handle it, nor lacking in the built in bribe radar to avoid the situation.

It simply a tax in living in pretty much every other country in Latin America, and really 80% of the world.

Yeah it is just like a tax, in many other "rich" countries though there is actual high taxes as govt knows best with all their grandiose ideas that are are funded by the middle class tax grab . Not sure what's worse in some ways though , corrupt police in say Peru for example or corrupt politicians in the west that continuously raise taxes for their citizens blinded by their egos and big ideas and pork barrelling policies to help their friends out.

[at46]

From that Bloomberg article:

Fuel price rises have a long history of provoking unrest not just in Latin America but around the globe -- a gas tax increased sparked the Yellow Vest movement in France.

Fuel subsidies always cause problems when they become unsustainable. In Chile, Truckers end up paying very little tax on diesel-and woe betide the country if there's ever any attempt to change that.

http://www.economiaynegocios.cl/noticia ... ?id=517886

Yup, neither do agriculture sector have to pay the especifico tax on diesel in Chile, supposedly just for farm vehicles and machinery, but of course most use it for their private vehicles too. Fuel subsidies and indeed any subsidies inevitably always cause problems as they are open to abuse and become unsustainable in many places.

I heard the agri diesel is different in color (red) to regular one and not supposed to be used in private vehicles. But I guess a simple diesel will eat anything, including vegetable oil from things like deep-fried chicken and shit.

[41southchile]

From that Bloomberg article:

Fuel price rises have a long history of provoking unrest not just in Latin America but around the globe -- a gas tax increased sparked the Yellow Vest movement in France.

Fuel subsidies always cause problems when they become unsustainable. In Chile, Truckers end up paying very little tax on diesel-and woe betide the country if there's ever any attempt to change that.

http://www.economiaynegocios.cl/noticia ... ?id=517886

Yup, neither do agriculture sector have to pay the especifico tax on diesel in Chile, supposedly just for farm vehicles and machinery, but of course most use it for their private vehicles too. Fuel subsidies and indeed any subsidies inevitably always cause problems as they are open to abuse and become unsustainable in many places.

I heard the agri diesel is different in color (red) to regular one and not supposed to be used in private vehicles. But I guess a simple diesel will eat anything, including vegetable oil from things like deep-fried chicken and shit.

Not too sure on that one, I know in the UK it's like that, I think , as far as I know it's all just regular diesel , same color here.

[at46]

From that Bloomberg article:

Fuel price rises have a long history of provoking unrest not just in Latin America but around the globe -- a gas tax increased sparked the Yellow Vest movement in France.

Fuel subsidies always cause problems when they become unsustainable. In Chile, Truckers end up paying very little tax on diesel-and woe betide the country if there's ever any attempt to change that.

http://www.economiaynegocios.cl/noticia ... ?id=517886

Yup, neither do agriculture sector have to pay the especifico tax on diesel in Chile, supposedly just for farm vehicles and machinery, but of course most use it for their private vehicles too. Fuel subsidies and indeed any subsidies inevitably always cause problems as they are open to abuse and become unsustainable in many places.

I heard the agri diesel is different in color (red) to regular one and not supposed to be used in private vehicles. But I guess a simple diesel will eat anything, including vegetable oil from things like deep-fried chicken and shit.

Not too sure on that one, I know in the UK it's like that, I think , as far as I know it's all just regular diesel , same color here.

Yeah, I think I read somewhere that by law they established three types of diesel in Chile - one for Region Metropolitano, another one for the rest of the country and third for agri machinery.

[at46]

My diesel car does run slightly differently when I fill up in Santiago.