International cartels use their control over the global food supply to make huge profits. There are six major corporations that control the purchase and sale of agricultural products: Cargill, Kraft, Bunge & Born, ADM (Archer Daniels Midland), Nestlé and General Mills. Food prices are set at exchanges in Chicago, New York and London.
The government of the United States chose 20 countries (G20) to discuss common policies in the face of the financial crisis in Washington—a crisis that grew out of the incestuous relationship between the U.S. government…
In electoral matters governments are meant to be neutral and discreet; the diplomats keep quiet. However, the government of President Oscar Arias and the United States Embassy are brazenly intervening in the referendum on CAFTA,…
CAFTA went into effect a year ago in Guatemala and a number of regrettable things have happened since. To mention a few examples: 195 million Guatemalan Quetzals (equivalent to US$25 million) have been diverted from…
"Foreign exchange for traditional exports is increasing" announced the Periódico de Guatemala on April 25. It reported that the Bank of Guatemala announced an increase of 11.8% in traditional exports—sugar, coffee, bananas, cardamom—up to US$551.4…
In 2006, Guatemala finds itself in a critical situation that continues to worsen. Over half the population (56%) is poor, and 21% live in extreme poverty. Sixty-three percent of the GDP is concentrated in the…
