A South American Arms Race?

time.com — First it was Venezuela, spending $4 billion on Russian fighter planes...and...submarines. Then it was Brazil...announcing a 53% increase in its military budget for 2008, the biggest such increase in more than a decade...when two of Latin America's nouveau riche oil powers start splashing out on weapons, alarm bells ring over an arms race. Dec 22, 2007 View in Crawl 4