The US is losing all its clout in the region, Iraq is killing the US foreign policy.


Ecuador's leftist President Rafael Correa is promising to move quickly on government reforms following Sunday's vote that apparently gave his supporters a majority in a special assembly to rewrite the country's constitution. VOA's Brian Wagner reports from Miami.

He said Monday he expects his Alianza party to secure at least 80 seats in the 130-member assembly that will convene at the end of the month. He also said he will ask the assembly to dissolve Congress and call elections for a new body that he says will better represent the people's interests.

The 44-year-old former finance minister has said the assembly is needed because Ecuador's congress has repeatedly blocked his proposals, such as plans to increase social spending, strengthen the government's control over natural resources and reform property rights.


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strengthen the government's control over natural resources

That's the real motive.

Yep, the US corporations have been raping SA of natual resources for 100+ years. This will succeed if the the countries use the money to improve the lives of the workers and the poor.

Well, they seldom do but it makes great political speeches.

Well the poor in Venezuela are better off with Chavez. I think it will depend on how Ecuador handles the situation. It is becoming a prob, but it will be the next pres prob.

Correa demands more of the revenue from oil.


Ecuadorean President Rafael Correa has signed a decree giving the state a greater share of profits from foreign oil companies working in his country.

He said the 50% of windfall oil profits stipulated in a law passed last year was not enough, and the state should now receive 99%.

It is one of the radical reforms promised by Mr Correa to spread Ecuador's wealth to the country's poor.

But the size and timing of this latest move took many by surprise.


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He said the 50% of windfall oil profits stipulated in a law passed last year was not enough, and the state should now receive 99%

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What an idiot. Go drill it yourself dumbass.

IMO, sounds like the last government negotiated a PSA with the oil companies, I think he is trying to right that wrong.

What oil company in their right mind will invest in a country looking to take 99% of profits?

You may be right and if they pull out Iran will slip in and offer to help with the refining of the oil. Another bites the dust, quoting Queen.