Wednesday, April 16, 2008
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FUJI FILES
Macro
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FUJI FILES
- Peru high court upholds 6-year prison for Fujimori (Agence France Press) "Tuesday's high court ruling was welcomed by prosectors in the death-squad killings case, because it "demolishes" Fujimori's lawyers' argument that, while in power, he had no authority over active-duty military officers."
- Peru Supreme Court Upholds Former President's Prison Sentence (Bloomberg, Alex Emery) "Fujimori, 69, also was fined 400,000 soles ($149,000) after he admitted to ordering an aide to search the residence, the court said in an e-mailed statement."
- Peruvian Supreme Court rules 6-year prison for Fujimori (Xinhua) "The Peruvian Supreme Court Tuesday made its final ruling on ex-Peruvian President Alberto Fujimori's role in instigating the illegal raid on the house of Trinidad Becerra, the wife of a former presidential aide. The former president was convicted of organizing and leading the illegal raid on the house of Becerra, the wife of Vladimiro Montesinos, a presidential aide, in 2000. Evidence was presented showing Fujimori ordering a military officer to pose as a prosecutor to gain access to the house in November 2000. He faces up to 30 years in prison if convicted of the 10 charges of corruption and two of human rights abuses."
- The Trial of Alberto Fujimori (Andean Currents)
- Peruvians mark 25th anniversary of Shining Path massacre (Canwest News Service, Christine Skladany, reporting from Lucanamarca) "The ceremony marked the 25th anniversary of the massacre in Lucanamarca, where 69 people died at the hands of the Shining Path terrorist group. The guerrillas hacked their victims to death using axes, machetes and knives. Women, men and children as young as 18 months old were murdered in their homes, farms, along the main road, in the town square - even in a church, where some had sought refuge."
- First International Forum of Indigenous Women started in Lima (Andina News Agency) "This forum will tackle issues such as: Globalization and Indigenous Women, Indigenous Women and Human Rights, Indigenous Women and Building Alliances and Indigenous Movement: Advances and Challenges."
- From 2000: Indigenous Women Create New International Organization
- Peru Questions Yale on Inventory of Artifacts (National Public Radio, Diane Orson)
- REVIEW: Divisions of Cyprus (London Review of Books) "A UN special representative, in the shape of a dim Peruvian functionary, was chosen to front the operation." That functionary was Alvaro de Soto. A different interpretation of de Soto's diplomacy is featured in chapter 2 of Kings of Peace, Pawns of War: The Untold Story of Peace-Making by Harriet Martin.
- In Peru, protests meet push for more tourism (USAToday via Associated Press, Leslie Joseph and several AP photos) "Tourist entries at Lima's Jorge Chavez International Airport increased from 998,000 in 2002 to more than 1.8 million last year, according to Peru's Foreign Trade and Tourism Ministry, thanks in part to an award-winning publicity campaign launched two years ago. Some 160,000 of them spent at least $1,000 a day, said Tibisay Monsalve, general manager of the Hotel Association of Peru."
- Protests meet government push for more luxury tourism in Peru (Canadian Press, same article as above)
Macro
- Peru February GDP Grew 11.9%, Fastest Pace Since 1997 (Bloomberg, Alex Emery) "Peru's economy expanded in February at the fastest pace since 1997, on surging construction, copper and natural gas output."
- Peru's economy surges 11.9 pct in February (Reuters, Maria Luisa Palomino) In new INEI numbers, "Construction surged 22.49% in February from the same month in 2007, while mining, the traditional engine of the Andean country, grew 14.65% in February from the same month a year ago."
- Peru's High Economic Growth May Ease On Monetary Tightening (Dow Jones, Leslie Joseph and Robert Kozak) "Peru's galloping economic growth continued into February, with gross domestic product expanding 11.92% over the same month a year earlier. But economists are wondering how long the crisp pace of growth can last, as the Central Reserve Bank of Peru tightens monetary policy."
- Peru Stock Indexes End Higher; Sol Strengthens (Dow Jones)
- Portfolio Manager Favors International Asset Allocation (Seeking Alpha, Murray Coleman) "Last year, Peru was one of the best countries in the world to invest in, but there weren't any ETFs for it. So EEM provides broad exposure to many markets you normally can't get into," Ted Feight said."
- Peru May Reach Self-Sufficiency in Sugar by 2009, USDA Reports (Bloomberg, Marianne Stigset) "Peru will produce 995,000 metric tons of cane sugar this year, up from 910,000 tons, on favorable weather and increased acreage, the department's Foreign Agricultural Service said in an e-mailed report yesterday. Imports will fall 30% to 170,000 tons."
- USDA Attache: Peru Sugar Industry Growing (Dow Jones) "In 2006, Gloria, Peru's largest dairy processor, acquired Casa Grande, Peru's largest sugar producer. Gloria also owns Cartavio, the second largest sugar company."
- Paita, Pisco port concessions to be awarded end-October (BNAmericas) "Firms interested in taking part in the process will have until September 5 to submit documentation. Works will include the construction of a 300m dock in Paita port, in department Piura, and a 350m dock at General San Martín - also known as Pisco - in department Ica. Both contemplate a minimum of 12ha in container areas and the purchase of two dock gantry cranes and two patio gantry cranes, along with dredging works."
- OPINION: Memories of Nixon/Ford (New York Times, Paul Krugman) "Some of the causes look similar: droughts in the Southern Hemisphere (the Peruvian anchovies disappeared, too) and a period of rapid world growth."
- SABMiller sales hit top end of projections (Just Drinks) "In Peru, volumes ended up 8% in a market that 'remains highly competitive'."
- POC launches tender offer for 23.54% of Luz del Sur (BNAmericas) "Peruvian Opportunity Company (POC) has launched a tender offer to acquire a 23.54% stake in Peru's largest distributor Luz de Sur for US$202mn."
- Chile retailer D&S eyes expansion into Peru market (Reuters, Antonio de la Jara) "Peru is a tremendous market," Silvio Rostagna, general manager of D&S Retail Chile."
- ORBCOMM Announces Further Latin American Expansion (ORBCOMM press release) "In Peru, ORBCOMM’s low-earth orbit satellite services are now available to the full range of applications, where previously the services were only authorized in connection with maritime applications."
- Summit Homepage
- Latin America-Caribbean and European Union summit set for May (Carribbean Net News)
- REVIEW: Shachis Restaurant - Crusty on the Outside (New York Times) "The roast chicken, served with vegetable fried rice and aioli, would please a picky Peruvian."
- REVIEW: Mi Peru (Miami New Times) "Mi Peru in Aventura is one hell of a surprise."
- This Week In Soccer: Five things happening around the world. (Los Angeles Times, Grahame L. Jones) "In Peru there is a goalkeeper being hailed for his own ability to put the ball in the back of the net. Jhonny Vegas plays for a club called Sport Ancash in the Peruvian league, and on Sunday he bent a free kick around the defensive wall and into the net to record his second goal of the season in a 1-1 tie with Atletico Minero. Peruvian statisticians said it was the 32nd goal of Vegas' career and made him the fifth-highest scoring goalkeeper in the record books.
- South America round-up: Keeper Vegas on target on again (Reuters, Brian Homewood) "Vegas kept up the tradition of goalscoring Latin American keepers by notching his second goal of the season. The Ancash goalkeeper curled a free-kick over the wall to score in the 80th minute and give Ancash a 1-1 draw at Atletico."
- PSV Go Shopping in Belgium (Goal) "With Jeff Farfán poised to leave Eindhoven at the end of the season, PSV are in the market to buy his successor."
- Proof of Compassion: Peru (The Easterner, Eastern Washington University) "Dr. John Matthews, assistant professor of social work, decided to take a group of 17 students with him to Peru over spring break. The trip to Lima, Peru, was a social work elective course that extended from March 22-29. Their goal was to be of service to the children who lived at Puericultorio Perez Aranibar (PPA), the largest children's home in South America. This center serves and houses over 600 children from infancy to young adulthood."
- Olivos to leave Simon's Rock, start business in Peru (Llama Ledger, Bard College) Juan Carlos and Anne Olivio will create Peru 109, a volunteer agency, "to guide groups of students and professionals to develop sustainable projects in Peru. "Since we've been together, it's been our goal to find a way to get to live between the United States and Peru," Anne Olivo says of the business."
- Latino fraternity establishes Univ. chapter (Red and Black, University of Georgia, Diana Perez) "Juan Lazo, a sophomore from Peru, was one of the four founding brothers of the Gamma Epsilon chapter of Lambda Theta Phi Fraternidad Latina, Inc. Lazo said he wanted to be part of a brotherhood focused on community service in which he could display his Latino heritage."
- Turkey Run teachers head to Amazon (Journal Review, Indiana) "Turkey Run Elementary School fourth-grade teachers Sally Simpson and Sue Harness will head to Peru this summer to study the Amazon Rainforest. The teachers received a Teacher Creativity Fellowship grant from the Lilly Foundation, which will provide $8,000 each. During their visit, the teachers will fish, hike, go on animal treks and dolphin sightings, spend a day in the life of a Peruvian student and take a five-day riverboat cruise down the Amazon River."
- OPINION In other words … do your own work (Miami Herald (McClatchy), Lori Borgman) an article on plagiarism: "Seriously, how many ways are there to say, "Lima is the capital of Peru"? And if the World Book said it first and you repeated it, were you plagiarizing the encyclopedia?So then the scholar's task is to say the same boring thing in a creative manner to make the words your own: "In Peru, many citizens regard Lima as the capital." "Lima! The capital of Peru."
- Mom's back from Peru and Puppy's tuckered out (The Tennessean, Vicki Stout) "Mom says she had an excellent adventure in Peru. She hiked, rode trains, took boats — you name it, she seems to have done it. She met lots of dogs, some alpacas, llamas, a cat or two and even a baby lamb. It's just a good thing she couldn't bring any of them home."
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