More Horrible News From Latin America

It is with utter despair that I view the events occuring all over our globe today.  Every day seems to bring more catastrophically bad news. 

From the AFP:

Leftist Latin American leaders have agreed on the creation of a regional currency to scale back on the use of the US dollar as well as economic sanctions against Honduran coup leaders.  Nine countries of ALBA, a leftist bloc conceived by Venezuelan President Hugo Chavez, met Friday in Bolivia where they vowed to press ahead with a new currency for intra-regional trade to replace the US dollar…

The new currency, named the Sucre…will be rolled out beginning in 2010 in a non-paper form…ALBA’s member states are Venezuela, Bolivia, Cuba, Ecuador, Nicaragua, Honduras, Dominica, Saint Vincent and Antigua and Barbuda.

In a resolution on Honduras, members of the group agreed “to apply economic and commercial sanctions against the regime that came to power as a result of a coup.”

They also urged the United Nations to send a representative to Honduras to ensure “the inviolability of the Brazilian diplomatic mission as well as security and adequate humanitarian conditions for the stay there of president Manuel Zelaya.”

And from the Canadian Press:

Leaders of a bloc of leftist Latin American governments urged the international community Saturday to reject the presidential election planned by Honduras’ interim government next month.  The leaders of the Boliviarian Alternative group also denounced Colombia’s plan to give the U.S. military expanded use of bases in that South American nation, calling it a threat to the region’s security.

In a joint statement issued at the end of the two-day ALBA meeting, the leaders criticized the coup-installed government in Honduras and urged the world’s nations to continue pressing for the reinstatement of ousted President Manuel Zelaya…

The ALBA leaders also called for an “International Tribunal of Climate Justice” that would presumably seek to oblige rich countries to pay “damages” for their disproportionate consumption of fossil fuels.

They urged the U.N. climate change conference in December to “approve mechanisms to compensate countries that preserve, protect and conserve their forests.”  Earlier in the day, the leaders said they would explore creating state-sponsored food and mining multinational companies and stop using the U.S. dollar for trade among member states starting next year.

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