And when the OAS under a really brave secretary basic, Luis Almagro, tries to bring the organization towards recognizing that Venezuela is no longer in compliance with the Inter-American what happens to timeshare property upon death Democratic Charter, he is not getting the full support of the hemisphere, and certainly much of the Caribbean Basin has not supported that. And if you line up the votes, who voted in favor and who abstained, you can do a quite simple one for one contrast based upon who is a member of Petrocaribe. Therefore the implication of your question I believe is area on, you understand, and that is why I think when we discuss the Caribbean in Washington, usually we think of it in the context of, you understand, island nations or programs or social development, and all of these are very, very crucial concerns.
And the dividends pay off down the road when Venezuela itself remains in the spotlight of the worldwide neighborhood. Then they have good friends that they can rely on and it pays dividends for them - How to owner finance a home. So I believe that at the end of the day that is a lesson honestly that we can find out, and I believe we can develop toward reversing that course. Ms. Yearwood. I concur 100 percent with Eric. Venezuela actioned in at a time that was really essential for much of the region and now the area is extremely much paying the brittany hancock nashville rate, whether it is in financial obligation or other locations associated with votes and other requirements that they do as a result of the-- Mr.
Increased expenses in energy too now. Ms. Yearwood. Sorry? Mr. Sires. An increase in the expense of energy also. officer byrd and felicia Ms. Yearwood. Oh, absolutely, absolutely. Therefore I believe to the point, we are at an important juncture now with the expense of energy being what it is with the U.S. energy supply going up and the area taking a look at ways to increase sustainable energy, whether it is through natural gas or getting the region less depending on Petrocaribe and able to make these switches to new types of energy is going to make a huge distinction. Mr. Sires. See, I don't think things take place by mishap.
The other concern that I have is the considerable boost of China in this region. You understand, we appear to be put to a lull of sleep or something due to the fact that everyone seems to relocate and then we react. And we don't seem to catch these things up until something like this occurs, you understand, like Venezuela. So unfortunately, you know, because I have been here we have been pushing-- and I know Mr. Meeks and the other members that are here, you understand, this is an important region for us. It is a crucial area for America and we truly need to concentrate.
They are going to go through the Panama Canal and they can be found in and they toss money, you understand, at these little nations, which in truth they can't afford not to accept the money. So just how much of impact is there now of the Chinese? And I understand it is growing, but-- Ms. Yearwood. The Chinese influence, it is in fact very fascinating to watch the way China has actually sort of come into the region and the kinds of projects. Often it is a sports stadium - Which one of the following occupations best fits into the corporate area of finance?. I think the recent, the Baha Mar debacle in the Bahamas, you have seen the Chinese Government can be found in in a manner that the U.S.
If a Chinese designer enters a country in the region they have the Chinese financing and the Chinese Federal government behind them. Mr. Sires. And the employees. Ms. Yearwood. And the workers. Therefore you have actually effectively got a package that the U.S - Which of the following approaches is most suitable for auditing the finance and investment cycle?. can not-- the Foreign Corrupt Practices Act and all sorts of other factors, the U.S. can not contend in regards to the types of investment that they have the ability to take in without kind of having to do the due diligence behind it. And it is really welcome in a great deal of locations, but what Baha Mar has actually revealed us is that it can produce a very tough situation for the nations where they go.
Farnsworth. I believe Sally raises an actually intriguing and important point in this context. Which of the following was eliminated as a result of 2002 campaign finance reforms?. You understand, the Chinese or Venezuelan model is a state-led model, so the capital of the country, the leaders in the country can say this is what we are going to do. We are going to develop Petrocaribe or we are going to construct a sports stadium or we are going to state that we are going to develop these tasks, whereas the U.S. model is private sector-led design. And the disconnect here is that we are dealing with smaller economies, island nations, and in contrast of other investment chances in other nations in Latin America, much less worldwide, these are economies that generally aren't going to draw that big financial investment except in a couple sectors like tourism like we have been speaking about. What the onus needs to be is to discover ways to clear and establish a smooth financial space between the U.S. and the Caribbean so that economic sector capital can work. There are chances. Finally, I would state that the Caribbean is ending up being a far more intricate area because of the changes in policy towards Cuba, the cross-cutting trade contracts such as CAFTA, et cetera, and we need to think of the Caribbean now in a larger sense. In regard to Haiti, I believe really important is its ongoing integration with the English-speaking Caribbean, since these are well developed democracies and it is a financial area which holds chances for Haiti and there is now rather a great deal of Caribbean financial investment entering into Haiti and vice versa.