Bottom Line Up Front

Today’s verdict: Across Latin America’s most popular hubs, the era of living on rolling tourist stays is ending at once — Argentina, Brazil, Mexico, Peru and Chile are all pushing long-stayers toward formal residency — as Colombia’s incoming government flatly rejects the filed tax reform.

The visa run is over. Five hubs are closing the tourist-stay loophole together; foreigners who live somewhere are expected to hold a matching residency.

Colombia’s reform rejected. The incoming government publicly rejected the filed reform, so the wealth-tax threat to residents is now firmly unlikely.

The week’s milestones. Colombia’s Congress votes the inauguration venue Monday, and Peru swears in its new president Tuesday.