LANIC, at the University of Texas is the absolute best web-site clearinghouse for Latin American Studies. Take some time to explore this site. This is also a great place to look for Latin American newspapers online! Just go to the "countries" on the LANIC homepage and explore; here is an example for Paraguay.
The major U.S. newspapers from Los Angeles, Miami, New York, Chicago, and Washington D.C. are good English-language sources for current events. Also try these online news services and special programs: InterPress News Service Agency's Latin America section; BBC World News; Latino USA; Marketplace from American Public Radio; National Public Radio; and Univision's news service (in Spanish only). Send me your suggestions for other news agencies you've found especially useful.
The Handbook of Latin American Studies (HLAS) is the most important bibliographical publication in the field of Latin American studies, both in the wide range of topics that it covers and in the length of time that it has been published (58 years). It is an annotated subject bibliography of publications in the humanities and social sciences.
H-LatAm is a site you may also find interesting.