A pragmatic view of the Argentinian debt case shows why the lack of intervention is bad for U.S. interests in the international financial system.
Economists and academic sports enthusiasts at-large are quick to point out historic figures as proof that hosting large-scale sporting events does not benefit the host, particularly when the host, like Brazil, requires new stadiums and infrastructure. So why is the Brazilian government spending so much to prepare for the World Cup?
The government of Venezuela wields a powerful tool in its control of the state’s energy reserves. President Maduro is unlikely to give up this revenue-producing gem and give in to public demands, which will lead to greater political unrest. As a result, the state-owned enterprise is a tense focal point of both the government and its opposition. Continued instability in Venezuela is not only a detriment to Latin America, but to the global energy market as well.