GLOBALPOST.COM/
South America is on arms buying spree with major purchases by Venezuela and Brasil.
South American countries increased military spending by 30 percent from 2007 to total of more than $51 billion in 2008. Venezuela, Brasil and Colombia especially are showing new weapons strength and defending their military buildups.
Popular Posts
- RUSSIA : Putin's Police Make Preemptive Strike On Leading Protest Opponents.
- BOLIVIA: Morales Continues Verbal Assault On USA's "Meddling"; USAID Expulsion Threatened.
- USA / PANAMA / MIDEAST : Oil Tanker Hits Destroyer In Straits Of Hormuz...Leaving Huge Gash.
- URUGUAY: Prez. Mujica Popularity At Record High After 100 Days.
- CZECH REPUBLIC: Poll Shows Czechs Finicky About Tolerance.
- MEXICO: Narcos "Force Down" Police Helicopter In Michoacan.
- ARGENTINA : Ex-President De La Rua Tried For Corruption.
- BRASIL: CBank Lowers SELIC 8th Time...To Historic 8%.
- UKRAINE / EU : Kyiv Cancels Yalta Summit...After 13 Leaders Bail; Yulia Ends Hunger Strike, Accepts Medical Treatment.
- SLOVENIA : 100,000 Public Workers Strike Over Wage Cuts; PM Jansa Under Pressure.