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Periscope.(Bolivian leader wants foreign companies to renegotiate their contracts)(China's state-sanctioned Chinese Patriotic Catholic Association ordained two bishops)(outsourced operations of McKinsey & Company)

Newsweek International

| May 15, 2006 | Weymouth, Lally; Margolis, Mac; Liu, Melinda; Hosenball, Mark; Thomas, Evan; Isikoff, Michael | COPYRIGHT 2006 Newsweek, Inc. All rights reserved. Any reuse, distribution or alteration without express written permission of Newsweek is prohibited. For permission: www.newsweek.com. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Byline: Lally Weymouth (Mac Margolis Melinda Liu Mark Hosenball, Evan Thomas and Michael Isikoff John D. Sparks Patrick White Ramin Setoodeh Ginanne Brownell Jamie Reno)

Latin America: A Continental Rift

On May 1, when Bolivian President Evo Morales ordered his troops to seize the country's vast gas and oil reserves, the continent went into shock. Foreign companies unwilling to comply with the new "nationalization" measures in 180 days--including Brazil's Petrobras and the Argentine-Spanish Repsol--would have to leave. An emergency meeting was quickly called between Argentina's Nestor Kirchner, Brazil's Luiz InAcio Lula da Silva, Venezuela's Hugo ChAvez ...

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Source: HighBeam Research, Periscope.(Bolivian leader wants foreign companies to renegotiate...