InfoAnda - Will Ecuador drought dry up Correa's popularity? |

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

Three Oscar contenders set to open Wednesday | 29 December 2010
Yoga forbidden for Muslims in Malaysia: official | 21 November 2008
Songwriters encouraged to explore new genres | 10 August 2009

Minnie Driver Says Her 13-Month-Old Son Henry Is A "Handsome Flirt" | 18 October 2009

Forum Views () Forum Replies ()

Read more with google mobile : Will Ecuador drought dry up Correa's popularity? |

Edition: U.S. Article Save Email Print Reprints Most Popular Most Shared Exclusive: IRS hires "hundreds" for new wealth unit 11 Dec 2009 Abu Dhabi throws Dubai $10 billion lifeline | Video 10:11am EST Berlusconi attack prompts Italy soul searching | Video 10:41am EST Obama to take bankers to task over lending, reforms 10:10am EST Citi to raise $17 billion to repay U.S., escape pay curbs 9:39am EST Abu Dhabi throws Dubai $10 billion lifeline | Video 10:11am EST Exclusive: IRS hires "hundreds" for new wealth unit 11 Dec 2009 In Bhutan, a stock trade a day keeps stress away 09 Dec 2009 "Naked access" now 38 percent of U.S. trading: report 12:37am EST Exxon Mobil to buy XTO energy in big U.S. gas bet 10:00am EST Will Ecuador drought dry up Correa's popularity? Hugh Bronstein BOYACA, Ecuador Mon Dec 14, 2009 8:46am EST Factbox Ecuador and its president Rafael Correa 8:46am EST BOYACA, Ecuador (Reuters) - A drought in Ecuador is causing power blackouts throughout the country, slowing the economy's recovery and helping to push Rafael Correa's popularity to the lowest point of his presidency. World The approval rating of the firebrand socialist fell to 42 percent in a recent Cedatos Gallup poll, half of what it was in the early days of his government in 2007. Already frowned upon by some investors for his 2008 bond default and the tough stance he has taken with international oil companies, Correa faces a growing domestic challenge posed by the power outages spreading across this Andean country. "Rolling blackouts are just going to further deteriorate Correa's political standing," said Patrick Esteruelas, analyst at the Eurasia Group consultancy in New York. Water and electricity rationing in Venezuela has caused political problems for President Hugo Chavez, a Correa ally, as well. But with the opposition in disarray in both countries, Correa and Chavez still have a firm grip on power. "The blackouts are affecting Correa's popularity, but there is no sign so far that his government is being destabilized," said Adrian Bonilla, head of the Latin American Faculty of Social Sciences in Quito. "The military is calm and there is no widespread public unrest." Correa does not go before the electorate again until 2013 elections. Eyes are on the drought because Ecuador is known for ousting presidents during hard economic times. Correa's three immediate predecessors were forced from office by protests. The president alienated the markets last year by defaulting on $3.2 billion in bonds. Now he is renegotiating oil contracts to increase state control over the sector. All this has scared off private investment in electricity generation as hydroelectric plants gasp for water. The pain of the resulting power outages is widely shared by factories, business offices and households rich and poor. "No one has money to spend. There was no corn crop this year. The ranchers are hurting too," said Efren Munoz, owner of the corner food store in the western village of Boyaca. Business is also bad at Nidia Arteaga's farm down the road. It has not rained here in Manabi province since March. "Without moisture the grass dies, without grass we don't have milk, without milk there is no cheese, without cheese there is no suero (a byproduct used to feed pigs) and without suero our pigs go hungry," she said. Three of her 40 cows have died of thirst. She fears the rest will perish if the drought lasts another two months. ECONOMIC DOWNTURN Low oil prices brought by the world slowdown have walloped revenues in this OPEC-member country while the president's confrontational style has taken its toll on his image. Correa still has more political leverage than his recent predecessors ever did, but polls show people are tiring of his regular televised harangues of the media, business groups and anyone else who criticizes his "citizen's revolution." Ecuador's gross domestic product expanded 6.5 percent last year. The government says it expects growth to slow to about 1 percent this year before rebounding to 6.8 percent in 2010. Wall Street considers next year's growth estimate optimistic but the government is standing by the target. A positive byproduct of the energy crisis could be closer relations with neighboring Colombia, which normally provides about 10 percent of Ecuador's electricity. Correa severed diplomatic ties with Colombia in March 2008 after President Alvaro Uribe ordered the bombing of a rebel camp on Ecuador's side of the border. The second-in-command of Colombia's biggest guerrilla army was killed in the raid. Relations between Colombia and Venezuela have deteriorated over a military cooperation pact signed in October between Bogota and Washington. Correa also disapproves of the deal but he is repairing ties with Colombia nonetheless. "Part of the reason why Correa is willing to mend fences with Colombia is to secure energy supplies and offset politically costly power blackouts," Esteruelas said. (Additional reporting by Santiago Silva; Editing by Doina Chiacu) World More from Reuters Exxon Mobil to buy XTO energy in big U.S. gas bet NEW YORK (Reuters) - Exxon Mobil Corp will buy XTO Energy Inc in an all-stock transaction valued at about $30 billion, in a bid that thrusts the oil giant to the forefront of North America's fast-growing natural gas industry. Citi to raise $17 billion to repay U.S., escape pay curbs U.S. forces chief warns of Afghanistan fight Toyota to sell plug-in hybrids to consumers in 2 years | Video Nike chairman stands by Tiger Woods: report Lloyds cash call success moves focus to turnaround » More Top News Abu Dhabi foots the bill Abu Dhabi provides its flashy but debt-laden neighbor a surprise bailout to last Dubai's flagship company until the end of April. Full Article Verdict: A crucial and essential lifeline Global Markets "I did not run for office to be helping out a bunch of fat cat bankers on Wall Street." President Barack Obama,on the CBS program "60 Minutes" and ahead of his meeting with bankers at 11:10 a.m. EST Executive Compensation © Copyright 2009 Thomson Reuters Editorial Editions: Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom United States Reuters Contact Us Advertise With Us Help Journalism Handbook Archive Site Index Video Index Analyst Research Mobile Newsletters RSS Podcasts Widgets Your View Labs Thomson Reuters Copyright Disclaimer Privacy Professional Products Professional Products Support Financial Products About Thomson Reuters Careers Online Products Acquisitions Monthly Buyouts.com Buyouts Europe: Buyouts Conferences: Venture Capital Journal ECVJ International Financing Review International Securitisation Report Project Finance International PEhub.com PE Week Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

Other News on Monday, 14 December 2009
Israel funnels millions of dollars to settlements
Catalans vote in symbolic independence referendum
Campaign mocks treatment of Iran student leader
Leaders strike deal on Sudan democratic reforms
Berlusconi bloodied by hit to face, says he's fine |
Supreme leader says Iran's opposition violates law
US jobless rate 'could rise further'
Greek economy minister urges immediate reforms
With Gaza cease-fire, south Israel blossoms
Israel expels Jewish seminary from army deal |
Houston is first major US city to elect gay mayor
Iran's Khamenei issues stern warning to opposition
Iran's president pledges support to Hamas leader
PLO set to extend Abbas term as Palestinian leader
300 stuck temporarily on Disney World monorail
Turkmenistan-China pipeline to start Monday
`Princess and the Frog' hops to No. 1 with $25M
Nobel-winning economist dead at 94
NKorean weapons seizure could affect nuke talks
S Philippines grapples with crisis after crisis
Politics dominate Calif education reform effort
Turkmenistan-China gas pipeline to open Monday
Authorities: Rottweiler mauls, kills Fla. toddler
Thaksin back in Cambodia as Thai "spy" to be freed
Senator says opposition grows to Medicare buy-in
Taiwan fishermen 'fall victim to climate change'
Houston biggest US city to elect openly gay mayor
Senate to vote on $1.1 trillion spending bill
US-ENTERTAINMENT Summary
Disney's Princess charms weekend moviegoers |
Disney's "Princess" charms weekend moviegoers
Reggae star Buju Banton facing drug charge in Fla.
`Princess and the Frog' hops to No. 1 with $25M
Gunmen storm Afghan police post, kill 8: governor
Italian protester breaks Berlusconi's nose |
Italy's Berlusconi in hospital after attack
2009: the Year of Twitter and Facebook
Afghan war decision toughest of presidency: Obama
Fed likely to dampen speculation on early exit
Russia cuts gas to Armenia after bomb found: report |
Greece waits for its financial medicine
Accenture ends relationship with Tiger Woods
Afghan air strike wreaks more havoc in Germany
Nanomaterial used in cancer tests, medicine delivery
Conservative favored in Chile presidential run-off |
Mobile phone English lessons a hit in Bangladesh
Timeline of Iranian, North Korean nuclear programs
Decades-old dioxins pollute river, divide US community
Israel votes new funding for settlements
Democracy referendum plan heats up Hong Kong politics |
Kurds, Turkish nationalists clash in Istanbul
Low turnout in Catalan independence referendum |
Myanmar rebels grow more opium to buy arms: report |
Brown in Afghanistan vows new push to defeat Taliban
Iraq: No time to act after US tip before blasts
Kurds, Turkish nationalists clash in Istanbul |
Saudi opposition petitions for vote after floods
China blocks Sun TV signal in content crackdown |
Israel okays millions of dollars in aid to settlements
Highlights of UN resolution against NKorea
Thais extend North Korean arms cargo crew's detention
AP INVESTIGATION: Monsanto seed biz role revealed
Google to produce, sell own Nexus One phones: report |
US mulls Predator strikes in Pakistani cities: report
Kidney donor's night-before-surgery poem
Accenture ends relationship with Tiger Woods |
Nurses are key to matchmaking in kidney swap
Hardline Pakistani schools a draw for foreigners
Apple fires back at Nokia in patents battle |
Avalanche fears, clouds hamper search for climbers
Cambodia frees convicted Thai spy
Lieberman resists Medicare buy-in plan
Crew of NKorean weapons plane in Thai court
Venezuela's Chavez sees U.S. 'threat' over Iran ties
Plane crew held for 12 more days over weapons haul
Obamas join stars for Christmas benefit concert
Obama: Expect no more White House gate-crashers
Woman executed in China over child prostitution
China might not take climate change funding: FT
UN: 2 UN hostages freed from Darfur
Weather forecast for the Asia-Pacific region
46 injured in pileup of about 50 cars in Conn.
Johnny Depp can't get used to winning awards
Seoul shares turn up on Dubai news; builders rise
Toyota to start selling plug-in hybrids in 2011
Mercedes-Benz sees China sales up 15 pct in 2010
Korea Hot Stocks
Confidence up at Japanese manufacturers
Obama's brother turns down film role
Pakistan
Johnny Depp can't get used to winning awards
Japan's business confidence grows: central bank
Seoul shares turn lower; KOPEC jumps on debut
History miniseries takes on the Kennedys |
Taiwan dollar near flat in thin trade, eyes stocks
`Precious,' `Up,' `Hangover' make AFI top-10 list
Downey's Sherlock Holmes an action hero |
S.Korea Nov ind power demand growth at 8-yr high
L.A. critics honor Iraq war movie Hurt Locker |
Luxury travel business bounces back
NBC launching Chuck game |
`Hurt Locker' wins LA Critics' best-picture prize
Hundreds of Indian languages struggle to survive
Big US box office kiss for Disney's 'Frog Princess'
US-TECH Summary
EU warms to Oracle-Sun deal
Detained Americans to be tried in Iran: minister |
Insurgent foe's slaying shows cracks near Baghdad
Koalas, penguins at risk of extinction: study
Hi-tech, eco-friendly dream home takes shape in Japan
U.S. forces chief warns of Afghanistan fight |
Gunmen kill 16 police in Afghan ambushes
Jackson, Boyle and Tiger transfix in 2009
Cadbury says rejects 'inadequate' Kraft takeover bid
Bin Laden: symbolic icon in impenetrable fortress
Dubai to pay debt with $10 billion Abu Dhabi fund
Turk PM calls for unity after Kurdish party ban |
Pakistan seeks clues on jailed Americans |
Iran says makes arrests over torn Khomeini picture |
Will Ecuador drought dry up Correa's popularity? |
Motorized bar stool from DUI case fetches $1,125
DNA map shows pandas may lack meat taste buds
Katrina recovery was test of ability to adapt
Beijing cuts broadcaster's signal amid media crackdown
EU warms to Oracle-Sun deal |
Iran to put three US hikers on trial
Accenture ends relationship with Tiger Woods |
Democracy "referendum" plan heats up HK politics
Boxer's opponents capitalize on 'ma'am' exchange
U.S. envoy says no timetable yet for North Korea talks
Gaps in DNA databanks have led to tragedy
NBA launches Web, mobile sites for fans in India |
Pakistan police probe Americans in terror case
NATO: Top US defense official visits Afghanistan
Accenture marks 1st sponsor to cut ties with Woods
Protest widens against creation of new Indian state
Clinics help people represent themselves in court
Philippine troops kill one militant after jailbreak
Obama to meet with bankers, then Lebanon's leader
Cambodia frees Thai 'spy' after pardon by king
26 operations, 13 kidneys: hope to few with little
16 policemen killed in 2 attacks in Afghanistan
Korean derivative funds rebound sharply; risks eyed
Toyota aims to roll out plug-in Prius in two years
`Avatar' joins tradition of the Hollywood colossus
China unveils landmark Turkmenistan pipeline
Coal still king in China, despite climate pledge
India inflation hit 4.8 percent in November
S.Lanka set for record current account surplus
Confidence grows at Japanese manufacturers
Golden Globes nominations launch Oscars race
India's gold retailers jump on the 'brandwagon'
History miniseries takes on the Kennedys
Downey's "Sherlock Holmes" an action hero
NBC launching "Chuck" game
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph	VPN on MacOSX	BlogMeter 1.01