Thought for the day

"The first panacea of a mismanaged nation is inflation of the currency; the second is war. Both bring a temporary prosperity; both bring a permeant ruin. But both are the refuge of political and economic opportunists." -- Ernest Hemingway

The cryptocurrency industry’s turmoil, triggered by the FTX exchange collapse, has not dented the enthusiasm of El Salvadoran President Nayib Bukele towards Bitcoin. He announced on Wednesday that the nation will start purchasing the token on a daily basis starting from November 17.

The people of Brazil have risen up against alleged voter fraud in the nation’s recent presidential election, with millions flooding the streets in protest.

During Tuesday’s national Republican Day, an estimated 3 million citizens took to the streets across the country and demanded the election be annulled.

Incumbent President Jair Bolsonaro and his party have responded by moving to annul the election.

Tens-of-thousands of protesters packed the streets of dozens of Brazil’s largest cities and towns for the sixth consecutive day on Saturday. The protesters have called for the Brazilian Armed Forces to intervene on behalf of current President Jair Bolsonaro, citing numerous irregularities, including nearly 6 million “invalid” votes. Posts questioning the election have been promptly censored by global social media giants, including YouTube, while numerous elected politicians have been locked out of their accounts.

Tens of thousands took to the streets in Mexico on Sunday to protest President Andres Manuel Lopez Obrador's plan to overhaul the country's electoral commission INE in what they fear would concentrate power in the hands of the government.

Lopez Obrador, who put the plan forward in April, has long criticized the country's electoral authorities, including accusing them of helping to engineer his defeats when he ran for the presidency in 2006 and 2012.

A Mexican anti-corruption authority said on Monday it had launched an investigation into the state attorney's office of Morelos, after a top official accused prosecutors there of covering up the killing of a young woman found on a highway last week.

Hours earlier, Mexico City Mayor Claudia Sheinbaum accused Morelos' state attorney's office of covering up the killing of 27-year-old Ariadna Lopez, after it ruled out evidence of violence and said she had died of alcohol intoxication.

A draft defence cooperation agreement between Washington and Montevideo, which could allow the installation of US military bases in Uruguay, is once again being considered in the Uruguayan Parliament. Allowing US military bases would effectively damage the sovereignty of Uruguay, a country which currently maintains good relations with both Russia and China.

Thousands of people took to the streets across Peru on Saturday to demand the resignation of embattled President Pedro Castillo, a leftist whose government is under investigation for corruption.

Carrying the Andean nation's vertically striped red-white-red flag and signs with anti-government slogans, protesters marched towards the opposition-dominated Congress in the capital Lima.

Castillo has called those who oppose his government "reactionaries" and "the enemies of people".

 The United States lacks concrete policies to properly document and address alleged misuse of its military equipment donations in Central America, a new government report has found, fuelling concerns that potential abuses will continue to go unchecked.

Between the US Departments of Defense and State, the US provided more than $66m in security assistance to Guatemala, El Salvador and Honduras from 2017 through 2021.