In one impolite exchange, a mirror of Spain’s curious relationship to its old colonies. Bigmouth strikes again: Despite the King of Spain's now-famous rebuke, Hugo Chavez still won't shut up — what will it take? Communism's comeback: With Hugo Chavez history is repeating as farce. After the Caudillo: Michelle Bachelet, the president of Chile, is one of a growing number of female heads of state in Latin America. But for her, the political being personal goes way beyond gender. From Business Week, an article on Brazil, the new oil superpower: State-run Petrobras' "monstrous" new oil find has wide-ranging implications for the South American country, the oil majors, oil services providers, and beyond. The discovery of a huge new oil field has the potential to transform Brazil into a global energy powerhouse and to reshape the politics of this energy-starved continent. A warning for reformers: Latin Americans expect more from the state and less from the market.
