-LATIN AMERICA AFFAIRS-
LAT AM UNASUR BLOC DEFENCE MINISTERS MEET IN PERU TODAY http://www.namnewsnetwork.org/v2/read.php?id=175841 
Defense ministers of the Union of South American Nations (Unasur) will hold a special meeting of the South American Defense Council (SADC) beginning today in Lima, Peru's capital.Representatives of Unasur's 12 member countries are expected to attend the two-day event which will discuss and approve this year's Action Plan, defence sources here said.The South American Defense Council (SADC) was established on Dec 16, 2008 by the Union of South American Nations (Unasur) to promote military cooperation among the nations in the region, integrate the defense industrial base and reduce conflict and mistrust among member countries. It includes all Latin American countries who are members of the UNASUR bloc - Argentina, Brazil, Uruguay, Paraguay, Bolivia, Colombia, Ecuador, Peru, Chile, Guyana, Suriname and Venezuela. -[ILL BE BRINGING UPDATES AND STATEMENTS MADE BY DELEGATIONS ATTENDING TODAY...
Venezuelan Executive Approves Regulations for Law on Fair Costs and Prices  http://venezuela-us.org/2011/11/09/venezuelan-executive-approves-regulations-for-law-on-fair-costs-and-prices/   Regulations under the Law of Fair Costs and Prices were approved Tuesday during a cabinet meeting, according to Venezuelan Vice President Elias Jaua.After the ministerial meeting, Jaua said that the regulations include price structures to be evaluated by the Superintendent of Costs as well as actions to prevent speculation, outsourcing, over-invoicing, the relationship between companies and transfer prices, and the incorporation of information systems of the Venezuelan state to monitor the productive apparatus.He also said deadlines were established to assume competences, control, conditions to change prices and incorporation of products to the integrated system of fair costs and prices.

Bank of the South could be operational in first half of 2012  http://minci.gob.ve/noticias/1/209213/banco_del_sur.html  The spokesman for the Central Bank of Venezuela said that with the creation of this Bank is looking for the strengthening and expansion of the economy beyond the bordersThe Vice-Chairman of the Central Venezuela Bank (BCV) and President of the Council monetary Regional of the Sucre, Eudomar Tovar, stressed Wednesday that the Bank of the South could be operating process in the first half of the year 2012."The Bank of the South could be operating process in the first half of next year." "And this is important because it is a realization of a very interesting project and of great importance for the South American region," said Tovar.He said that with the creation of this Bank is looking for the strengthening and expansion of the economy beyond the borders.In that regard, it was reported that Venezuela, on November 21, will host the next technical meeting for the creation of this financial institution.He explained that this date will be the technical plenary meeting of the coordinators of the 7 countries in the project. 
[ALSO SEE...  UNASUR SHIELD AGAINST (iMPERIAL) BARBARISM  http://thenakedfacts.blogspot.com/2011/10/unasur-union-of-south-american-nations.html SQUEEZING OUT THE (YANKEE EMPIRE) / The (Union of South American Nations) UNASUR ,will approve in November Council Action Plan for regions DEFENSE  http://thenakedfacts.blogspot.com/2011/10/union-of-south-american-nations-unasur.html