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☆ Biden targets Nicaragua’s gold in new move against President Daniel Ortega
▼ + stars: | 2022-10-25 | by ( Associated Press | ) www.nbcnews.com time to read: +7 min

Previous rounds of sanctions have focused on Ortega, his wife and vice president, Rosario Murillo, and members of their family and inner circle. Together with the Treasury Department’s simultaneous sanctioning of Nicaragua’s General Directorate of Mines, the order all but makes it illegal for Americans to do business with Nicaragua’s gold industry. The Biden administration’s targeting of the gold industry could sap Ortega’s government of one of its biggest sources of revenue. According to Nicaragua’s Central Bank, the country exported a record 348,532 ounces of gold in 2021 and the country’s mining association projects exports totaling 500,000 ounces in 2023. Nicaraguans began fleeing their country in 2018, initially to neighboring Costa Rica, after Ortega violently put down massive street protests.

☆ U.S. mining sanctions take aim at Nicaragua's Ortega
▼ + stars: | 2022-10-24 | by ( ) www.reuters.com time to read: +2 min

U.S. President Joe Biden delivers remarks about student debt relief at Delaware State University in Dover, Delaware, U.S., October 21, 2022. REUTERS/Leah MillisOct 24 (Reuters) - U.S. President Joe Biden's administration ratcheted up economic pressure on Nicaraguan President Daniel Ortega's government on Monday through a series of steps targeting the country's mining, gold and other sectors. Biden signed an executive order that includes the authority to ban U.S. companies from doing business in Nicaragua's gold industry, while U.S. Treasury Department imposed sanctions the head of Nicaragua's mining authority, along with another top government official, the department said in a statement. The order's expanded sanctions powers could also be used to block new U.S. investment in certain other sectors in Nicaragua, the importation of certain Nicaraguan products or the exportation of certain items to Nicaragua, it added. The two sanctions announced on Monday target Nicaragua's General Directorate of Mines, a unit of the Nicaraguan Ministry of Energy and Mines that manages most mining operations in the country, and Reinaldo Gregorio Lenin Cerna Juarez, a close Ortega confidante, Treasury said.

Latinos were 31 percent of the state’s high school graduates that year. But at 31%, the six-year graduation rate for MSU’s Latino students lags far behind CU Boulder, where it was 63 %. On the CU Boulder campus stands a 4-foot-7 memorial to “Los Seis,” six activists, including CU Boulder students, who were killed in two off-campus car bombings in 1974; the killings were never solved. Seventy-two percent, 510, of the middle and high school students enrolled in the program for 2020-21 were Latino. Vela and three other CU Boulder students who spoke with NBC News first learned about the campus through the Aquetza program.

☆ Peru targets local lithium battery production, official says
▼ + stars: | 2022-09-28 | by ( Marcelo Rochabrun | ) www.reuters.com time to read: +2 min

It has some lithium deposits in the southern region of Puno which are currently being explored by American Lithium Corp (LI.V). To be sure, Peru currently produces no lithium and no country in Latin America produces lithium batteries at a commercial scale even if they do mine lithium. Bolivia has the world's largest lithium resources but has for years struggled to mine them at a commercial scale. Mexico nationalized its lithium resources earlier this year and announced a state lithium mining company but has yet to start lithium production. Lithium battery production is currently dominated by China.

☆ Here's how I used a HELOC to become an Airbnb millionaire at 30. It was risky, but my strategy paid off.
▼ + stars: | 2022-07-16 | by ( Bryce Decora | ) www.businessinsider.com time to read: +13 min

This was the beginning of a world of real estate that would change our lives foreverDeCora's Bellevue Airbnb. If the real estate market started trending downward at this time, this story may not have had such a happy endingExtending your debt to the max in real estate is the equivalent of an all-in poker move. Our three-house real estate portfolio is worth around $2.5 million and we only have $1.35 million in mortgage and HELOC debt. Once you get over the scary leap, you'll see real estate as a simple way to building a massive empire. Bryce DeCora is a former engineer turned real estate investor and a father of two.

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