Putin to meet with Chaves and Morales

Blog #8

Russian prime minister Vladimir Putin is heading off this week to meet with Venezuelan President Hugo Chavez and Bolivian President Evo Morales. The will meet in Caracas that would focus on energy, agriculture and defense. Venezuelan is the top exporter of oil in South America
and now is seeking funds and technology to help develop its oil deposits and even seeking loans to buy Russian military hardware. In September, Chavez traveled to Moscow to receive 2 billion dollars in loans for weaponry. U.S. Secretary of State, Hilary Clinton, expressed deep concern over the purchase of weaponry that could cause an arms race in that region. Russia has its own interests too. Valery Neserov, analyst Troika Dialog brokerage, said "In Venezuela the geology is good, reserves are great. From that of view, the conditions are ideal there, though this does not, of course, remove concerns about political risk." Since he said in Russia private firms are struggling to expand because the limited access to big deposits and taxed uncertainty.

http://www.reuters.com/article/idUSTRE62U3CX20100331?feedType=RSS&feedName+topNEws

New England Flood

Blog #7

New England just had a flood to weeks ago and now on Tuesday morning isn't the same thing over again. The flood was the worst in 200 years causing many businesses in West Warwick, Rhode Island to close permanently. Even the Security Secretary Janet Napoltino will visit to what has been damaged. These new floods have been the worst they residents of New England have seen: bridges and highways were washed from Maine to Connecticut and sewage systems were overwhelmed. Other damages such as homes and vehicles begin washed into the Pawtuxet River. A stretch of the 95 in Rhode Island was closed off. Many people worry of the bill this flood will cost. And in this economic downfall things could be worse.

http://www.suntimes.com/news/nation/2135276,new-england-flooding-040110.article