According to the Geological Survey, this area may hold up to five billion barrels of oil and 10 trillion cubic feet of gas. The takeover will give Alcoa control of the entire aluminum production industry in the South American nation. Since 1916, Alcoa's dominance in Suriname's bauxite mining market has been an important contributor to the Surinamese economy (Suriname has one of the world's est bauxite deposits).
BRIEFS 8 THE COUNCIL ON Guadeloupe HEMISPHERIC Gretchen Knoth Workers staged the largest protest in Guadeloupe’s history from January 20 until March 4, 2009. Pro- AFFAIRS 1250 Connecticut Ave. NW testors claimed that workers’ wage levels were inconsistent with the island’s high cost of living due to the Suite 1C Washington, DC 20036 rising price of imported commodities, brought about by the global economic recession. The strike end- phone: 202.223.4975 e-mail: firstname.lastname@example.org ed after the French government agreed to meet the demands of the Yiannaj Kont Pwofitasyion (LKP), issn: 1275-559 fax: 202.223.4979 an organization representing 47 interest groups demanding that France increase monthly wages for the lowest paid workers by 200 Euros, while simultaneously lowering the cost of fuel and other necessities. Washington Report on the Hemisphere The protests began in the midst of a global financial crisis, worsening previous discontent over Paris’ © 2009 Published Biweekly neglect. The rising costs of consumer goods coupled with a faltering tourism industry have spurred (23 Issues per Year Including Index) social unrest due to increased uncertainty about the condition of the island’s economy. Guadeloupe’s by the Council on Hemispheric Affairs tourism industry, one of the greatest contributors to the island’s GDP, has slowed significantly due to August 18, 2009 Vol. 29 No. 16 decreasing volumes of international travel. Not surprisingly, the travel and hospitality sectors have been Founder, WRH: Robert Nachman, Ph. D. harmed as airline and cruise companies struggle to attract consumers in a declining market. As the is- Chairperson: Judith Chiara land’s tourism industry is not expected to recover until 2011 at the earliest (according to the Caribbean Editor-in-Chief: Larry Birns Tourist Report), Guadeloupe’s inhabitants are likely to remain dissatisfied. However, as some econo- Managing Editor: Courtney Carvill mists cautiously predict that the recession may be nearing its end, social stability could begin to return Associate Editors: Lisa Boscov-Ellen, Alexandra to the island in the near future. Deprez Illustrator: Margaret Scott Trustee Editorial Board: Peter G. Bourne, M.D., former member of Carter White House; Charles Cuba B. Dale, former President, The Newspaper Guild; Roger Wilkins, former editorial board member, Kaitlin Porter The New York Times, Washington Times, Washing- On July 29, Russian Deputy Prime Minister Igor Sechin signed four contracts allowing his country to ton Star prospect for oil and natural gas in Cuba’s territorial waters in the Gulf of Mexico. According to the U.S. Senior Research Fellows: Sean Burges, Ph.D; Geological Survey, this area may hold up to five billion barrels of oil and 10 trillion cubic feet of
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