Word: oil
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...with many initiatives in Iraq, the jobs program will, in the end, depend on the Iraqi government. It has pledged $155 million of its own. But Iraq's corrupt and sectarian government has so far been unable to move forward on basic issues like how to share oil revenue. Its willingness and ability to administer a jobs program for Sunni men is questionable to say the least...
...fighter planes, Kalashnikovs and perhaps even submarines. Then it was Brazil, in August announcing a 53% increase in its military budget for 2008, the biggest such increase in more than a decade. The competition is still in the early stages but when two of Latin America's nouveau riche oil powers start splashing out on weapons, alarm bells ring over an arms race...
...military spending, however, has forced Brazil to realize that its security needs have shifted. It must now protect its jungle frontiers in the north and west from the depredations of drug smugglers. And it must also police the territorial waters that are home to regular new finds of oil and gas. The forces it needs to do that have suffered from neglect and disrepair. A recent editorial in the newspaper O Estado de Sao Paulo said that almost two-thirds of the air force's planes and half of the navy's ships are unfit for their intended...
...Jane's. "One is the Amazon region where drug traffickers are operating with impunity. Secondly, we are also seeing an increased presence of Colombian guerrillas and that requires mobility and that is whey we see helicopters and military airlift high on the priority list. Then there is the new oil reserves and part of the reason for the procurement of a nuclear submarine is because they said they need to protect those resources...
...recording was provided by Venezuelan-American businessman Guido Antonini, the Miami resident who had allegedly attempted to smuggle the $800,000 into Argentina on Aug. 4 on a flight from Caracas, Venezuela. He flew on a charter by Argentina's state oil company. Antonini, who had allegedly fled Argentina for his Key Biscayne, Florida, home, allowed himself to be wiretapped by the FBI and the information he gathered led to the arrest of Venezuelan businessmen Franklin Duran and Carlos Kauffmann. Mulvihill said that Antonini had been offered $2 million by an unnamed party to hide the provenance and the beneficiary...