BOLIVIA: Open Door
Bolivia's professorial President Victor Paz Estenssoro, struggling to rid his poverty-stricken nation of its longtime dependence on tin exports, signed a decree last week opening the way for foreign capital to come in and drill for oil. As the government's cut, the new Bolivian law demands 11% of the crude oil produced, plus 30% of net profits, plus a yearly concession tax of a few cents an acre.
Under such inviting terms, the day may be in sight when oil, already Bolivia's No. 2 export, becomes No. 1.
Most Popular »
- Obama's Half Brother Makes a Name for Himself in China
- Five Things the U.S. Can Learn from China
- China Investigates Deaths After Swine Flu Shot
- Q&A: The Twilight Saga: New Moon Star Robert Pattinson
- Spanish Outraged by Teen Masturbation Workshops
- The Vanished Army: Solving an Ancient Egyptian Mystery
- Good and Bad News for Boxing: Only One Pacquiao
- The Meaning and Mythos of Manny Pacquiao
- Australia Apologizes to Abused Child Migrants
- Germany's Muslims Wary After Headscarf Martyr Trial
- Five Things the U.S. Can Learn from China
- Obama's Half Brother Makes a Name for Himself in China
- China Investigates Deaths After Swine Flu Shot
- The Vanished Army: Solving an Ancient Egyptian Mystery
- The Fort Hood Killer: Terrified ... or Terrorist?
- Happiness Paradox: Why Are Americans So Cheery?
- Spanish Outraged by Teen Masturbation Workshops
- GM: $1.2B Loss; Says It Shows Progress
- Business & Finance: Hobby Factory
- Bubble Trouble: Why Real Estate Is China's Biggest Headache
Quotes of the Day »
MIGUEL COTTO, a Puerto Rican boxer, after losing to Filipino Manny Pacquiao, who, in 12 rounds, became a five-weight boxing champion this weekend
Quotes of the Day »
MIGUEL COTTO, a Puerto Rican boxer, after losing to Filipino Manny Pacquiao, who, in 12 rounds, became a five-weight boxing champion this weekend
RSS