Brazil's recession and budget cuts make spending billions on railroads with questionable viability absurd.Americas,Amazon,bioceanic railway,Bolivia,Brazil,China,Dilma Rousseff,Interoceanic Highway,Panama Canal,Peru,Trade,Michael Lerner
Jacob Zuma

by Michael Lerner The markets punish President Jacob Zuma's surpise decision, showing his loss of credibility.

A bill of 100 Argentine pesos above a $100 bill. Source: majjed2008/flickr

by Michael Lerner Recently-elected President Mauricio Macri follows through on a key campaign pledge.

Source: e-Magine Art/flickr

by Michael Lerner Hanoi wants Indian firms to produce drugs locally, part of the 'Make in Vietnam' campaign.

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Syngenta's HQ will remain in Switzerland, and the all-cash deal does not include any job cuts.

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Russia said Saudi Arabia had proposed oil production cuts of up to 5%, but nothing definite has been set.

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Chances of it passing Republican-controlled Congress are virtually nil.