Monday, March 15, 2004

Econ Growth? Bloomberg and Reuters report on new INEI numbers that show Peru's $61 billion economy growing 3.01% in January, led by a record gold output in Peru's mines and higher zinc production. Dow Jones spins the story as "the latest indication of a general slowdown."

Macro/Micro Econ:
- Dow Jones reports on the IMF's visit to to review the 'Standby Arrangement' in Peru and their "upbeat" response "after recent talks geared toward signing a new lending arrangement." The mission was led by Gilbert Terrier who "emphasized Peru's good macroeconomic track record and pointed to the determination of authorities to implement prudent macroeconomic policies and reforms in order to achieve more rapid growth and higher employment."
- Just Drinks reports that Union de Cervecerias Peruanas Backus & Johnston is under investigation from Indecopi, "following allegations from rival Latin American brewer Ambev it is involved in anti-competitive practices."
- The Miami Herald's Andres Oppenheimer has a curious op-ed which demonstrates that sometimes it is the Hispanic US congressman who put up the greatest roadblocks on legislation like the Andean Trade Preference Act.

Peruvian Submarine: The Associated Press reports from aboard the USA Navy aircraft carrier, the John F Kennedy as it tests "the group's ability to counter enemy aircraft and ships, roles played by Navy and contractor jets, other Navy ships and a diesel submarine from Peru."

Looking for 'Illegals':The Miami Herald reports that US immigration officials are looking for 400,000 illegal immigrants "who evade U.S. deportation orders." The piece offers the example of the Sandivar family, "a Peruvian coupole from Hollywood [FLorida] ... who were deported Feb. 6 after agents tracked down Lourdes Sandivar and arrested her for evading a final order of deportation."

Looking for Cocaine: Agence France Press, the VOA News, and the Washington Times reports on the USA Coast Guard "seiz[ing] a huge shipment of cocaine worth an estimated $240 million on its way from Peru to the United States, according to Peru's Interior Minister Fernando Rospigliosi. Agence France Press has a photo of Rospigliosi "inspect[ing] the tonnes of drugs."

Looking for Cocaine, II: The Associated Press offers photos of AToledo shaking hands with Karen Tandy, head of the U.S. Drug Enforcement Administration, at the Government Palace in Lima.

Looking for 'Hot Destination'
- The Miami Herald, in something that sounds like a paid advertisement, declares that "the capital of Peru is rapidamente becoming a hot travel destination."
- The Los Angeles Times offers a travel piece through the Payaca-Samiria National Reserve.

Madrid Bombings, Cont: The Los Angeles Times reports from Madrid on the five Peruvian nationals killed in Madrid by the terrorist bombs. Profiled here is Juan Antonio Sánchez Quispe, "a 43-year-old janitor, was one of five Peruvians being mourned at the complex." The Associated Press relates the story of Peruivan Neil Astocondo.

El Puma, Remembered: The Miami Herald prints yet another profile of the late boxing champion, Luis Villalta. "To all but a few, he is already forgotten."

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