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“Three-quarters of the fields are still under water. Maize, plantains, okra and pasture are all lost,” José Asencio told IPS at the village of Santa Ana Mixtán in southern Guatemala, the area worst affected by tropical storm Agatha.

The villagers have been working for food in order to survive. “We’ve been shoring up the banks of the Coyolate and Mascalate rivers, and the mayor has been giving us food rations, although we haven’t received any for the past two weeks because supplies have run out,” he said.

Asencio said that food shortages and unemployment, caused by the extreme weather and the floods, have worsened the plight of the 373 families in the village, which is part of the municipality of Nueva Concepción in the department (province) of Escuintla, in the far south of the country.

The same dramatic situation is seen in Madronales, a village in the coastal municipality of Ocós in the southwestern province of San Marcos. “The fields sown with maize and plantain are flooded; we need food aid,” community leader Amparo Barrios told IPS.

Tropical storm Agatha flooded the crops that are the mainstay of 210 families, and “the little that was spared was destroyed by Atlantic storm Alex,” which hit the country a month later, she complained.

Agatha departed from Guatemala May 30, leaving behind 165 people dead and over 100,000 affected by destruction of their homes, crops or livelihoods. One month later, Alex added two more to the death toll and 2,000 to the number of material victims, according to the National Disaster Reduction Coordination agency (CONRED).

(continue reading)

Jackie Bugnion is an American citizen who has lived in Switzerland for 45 years. She had two securities accounts in her adopted country but in the spring she was told that she should find another home for her money. This summer those accounts were moved into SEC-regulated subsidiaries. “I call them the ‘American ghettos’,” she says. These subsidiaries are subject to higher fees and higher minimum investments than normal accounts. “It makes you feel toxic when this happens to you after you have been the client of a bank for years,” says Ms. Bugnion

The U.S. government – under a new law incorporated in the Hiring Incentives to Restore Employment Act signed by President Barack Obama on 18 March 2010 – is demanding that international financial institutions reveal which of their clients are U.S. citizens with accounts of more than $50,000. Foreign banks are, in effect, being asked to act as the international enforcement arms of the Internal Revenue Service. Those banks that don’t comply will be subject to a 30% withholding tax on all payments made to them in the U.S. Many banks and wealth managers have decided it is far easier to politely show their U.S. clients the door.

Earlier this month, the law firm Withers conducted a survey of bankers, accountants, independent financial advisers, trust companies and other private client advisors to analyze the impact of the HIRE Act. Over half said they have seen instances where Americans were denied investment and banking services in the last two years. And 95% expect this to increase as a result of the HIRE Act.

David Treitel, a tax director, at U.S. Tax & Financial Services, said that at least 20% of the American customers serviced by his company’s London and Swiss offices have had their bank accounts closed over the past year.

The Hire Act is only the latest in a raft of different laws aimed at American expats, American residents with off-shore accounts and the institutions that service both groups. Jay Krause, a partner at the law firm Withers, says: “The difficulties that American expats face predates the HIRE Act. But the new law will take it to a whole new level. I think that it is the most remarkable piece of tax legislation ever enacted.”

The U.S. government already taxes expatriate citizens on their worldwide income regardless of where it is earned or where they live, making them the only people in the developed world who are taxed in both their country of citizenship and country of residence. Many expats complain that these rules are getting tougher and the penalties more draconian by the year.

continue reading at the WSJ

…When I would have to publicly defend Obama.  My friends who happen also to be subjects are whining that Obama is picking on BP because they are British.  That’s patently false; he’s picking on them because they are a successful oil company.  He would do the same to Exxon.  And, Americans own as much of BP as you whingers do.   You know it’s bad when the British are whining that Obama is referring to BP as ‘British Petroleum’. Welcome to DC spin.  You have to realize that Obama was the darling of the far left, and while in the US Senate consistently received the ‘most liberal Senator‘ award.  That would put him in the mainstream of the Politburo in the Krushchev era.  And that means that his religion is environmentalism and his eternal enemy is the profit-seeking capitalist.  If you had a conservative elected President on a pro-life platform and suddenly joined the Democrats in advocating forced abortions for anyone with more than 1 child, you would see outrage on the right similar to what you are now seeing on the left.

Defenders of the President rightfully point out that his administration was equally as hostile to Toyota when their little scandal erupted, even though everyone who knew anything knew this happens to all automakers and, oh, by the way, those cars were made in Kentucky or something.  Obama was merely defending his investment in GM, I mean, you don’t exactly expect him to treat the competition favorably, do you?  That’s the beauty of nationalizing private industry; you get the full power of the government behind a ‘private’ company.  Look how well it worked for Fannie & Freddie.  I mean, when you have the government involved, what could possibly go wrong?  Aren’t they the infallible successors of Marx?

Furthermore, Obama has been charged with failing to do enough about the oil spill itself.  Sure, he has earned some of this blame by setting expectations so high during the campaign and continuing to behave as if he were a hereditary, absolute monarch.  But really, what is he going to do, swim a mile down and stick his finger in the hole?  Granted, he has proven to be an incompetent chief executive, and the irony is that even Democrats are now whispering that while they were diametrically opposed to everything in the Bush agenda, he was a better crisis manager.  (He did graduate from Harvard with an MBA, after all).  You know it has to be bad for BSNBC to criticize Obama, and they’re all over his lack of leadership.

But we can’t blame him for that either, because you can’t blame someone for not being able to exceed their skill set.  Obama is a very able speechmaker (with a teleprompter), and by all accounts excelled at community organizing.  Let’s face the truth though; he coasted through his campaign for the US Senate in a Democrat state, and coasted through a general election against an old, weak, poor candidate in John McCain.  Instead of the comparisons he likes to draw to Lincoln or FDR, he should be thinking Jimmy Carter.  They are both intelligent men who are so out of touch with the mainstream and in love with themselves as to not even realize their elections had little to do with them and everything to do with misguided public anger.

Welcome to Democracy!

Or Johannesburg.  The US and UK will be battling it out on the soccer field tomorrow in the first round of the world cup.  Soccer has never been that interesting to me-it’s unquestionably effeminate compared to real football, not nearly as strategic and intellectual as baseball, and hardly the ‘everyman’ sport that golf is, where even an old, overweight white guy with no fashion sense can play.

But soccer does have an enormous international following, and so we’ve tried to acclimate in our two years in Latin America.  Watching your country’s team can be fun, especially when you have a foreign friend nearby who can explain “why the players are so quick to fall down and act as if they were truly injury when clearly they aren’t even hurt”.  I admit to great feelings of superiority when watching such toddler-esque displays while glancing at the calendar to see just how far away the first pre-season NFL game is (8 August), when even QBs and kickers wouldn’t dare put on such a display.

As with many competitions it is more enjoyable when you have friends on the opposing side that you can bet against, tease, bait and otherwise have fun antagonizing, and of course no one is more fun to do this with than the Brits.  In my experience the Latinos are a dangerous group to dish it out with because they take this game so damned seriously and might actually get ‘disrespected’ and before you know it there’s real anger.  At least the English are accustomed to it, if not from Americans on whom they routinely look down their toffee noses at.

Along those lines there are some great thoughts on this matchup from the WSJ:

But to the English that’s an incomplete scorecard. It doesn’t take into account the hefty defeat of 1776 (an early showing for the Tea Party crowd); the late winner the U.S. scored in 1781; the thumping victory on away soil the English achieved in 1812; the repeated own goals in 1956—when the U.S. managed to beat England, France and Israel, all together; or that very long game that lasted from the late 19th to the early 20th century and which resulted—after overtime and penalty kicks—in England finally ceding its crown as Political, Economic and Military World Champions to the ill-bred upstarts from across the Atlantic.

Then there are the cultural scores to settle: the defeat represented by all those GIs who stole away British women while the men were off fighting in the Second World War; the terrible trades that saw England provide Jane Austen and Charles Dickens while getting John Grisham and Dan Brown; or the deals whereby the U.S. got Cary Grant and Bob Hope, the other side Madonna and Gwyneth Paltrow.

And on it goes. Almost every week now the newspapers are full of new humiliating reminders of England’s eclipse at the hands of America. Last month it was the ignominy of British troops in Afghanistan placed for the first time under a U.S. general. In February it was Cadbury, the makers of the only culinary delicacy in which England could muster any pride—delicious, creamy milk chocolate—forced into the barbarian arms of Kraft, a highly successful American purveyor of synthetic cheeses.

The UK expects to win tomorrow, and the oddsmakers would agree, giving the match 6:1 odds, which suggests it could be a very long day for the US team.  That won’t stop my boys and I from getting together with a group of English, Irish and Scotch friends tomorrow and waving the stars and stripes.  If we win I might even drive by The King’s Head and taunt the assembled Brits.

Related:  Subjects are evaluating their new leaders with penetrating analysis:  “Who is more posh?”

Who will win the 2010 World Cup?  That is the question on our new poll.  I included the favorites plus teams of interest to me, so apologies if your favorite isn’t on the list.  Make sure you get your vote in before Saturday, when the US is poised to upset the UK.

Or, MacroEconomics 101 (Must watching for you libs)

Did you see this report from the capital?  There is also a slideshow at WSJ.

Maybe they'll dump all the volcanic sand in there...

Many of you have emailed asking me about the sand and ash that has fallen on the capital and whether we’ve seen any in Antigua.  I haven’t seen even the slightest bit, but I thought I’d share this picture from PrensaLibre so you have an idea of what we’re talking about.  The government has been sending out text messages asking people to quickly clean up so the sand doesn’t clog drains and worsen the flooding.

Imagine the beaches of Monterrico dumped on the city...and then it rains.

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