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On Tuesday, DR1 News ran a story labeled "Taxes not to be removed as planned". Near the end of this paragraph, Mr Montas is quoted as claiming that the Leonel Govt is in such a financial bind because they spend 30% of its revenue on the foreign debt: "the government spends RD$65 billion on...

..... and on a related note: fox praises open door hen-house. bon appetit!

The exchange rate has risen from about 30:1 to almost 35:1 over the last few months. DR1 news reported (yesterday) the government's claim that it was due to "seasonal factors" and sundry excuses. Since I did not believe this claim, I did a little research on...

DR1 News reports of Pedro Martinez hitching to Carolina Cruz of ESPN Deportes....never seen her before.....Pedro did good... http://www.minorleaguewatch.com/images/carib12.jpg

Temistocles Montas, the President's chief economic advisor, stated that DR$54Billion of the budget goes to pay the the extenal debt. Well, my friends, he is telling you a bold faced lie. During the first 6 months of the year, and according to the PLD's own documents at the Central Bank, the...

In order to foster friendship within the DR national banking system, the DR Central Bank is proud to announce the 4th annual "Gran Copa Bancentraliana" golf tournament. There will be 3 flights for differing levels of competency....plus a ladies flight. The winner of each category receives gifts...

Several weeks ago, the Central Bank published a report showing that it possessed roughly DR$100Billion in assets. It then issued a request to any party interested (national or international) for any bids to buy these assets. In today's DR1 News there is a follow up story showing that the Central...

Over the last 5 weeks, I have had 4 connecting flights in/out of Miami Intl Airport with American Airlines. Of the 4 flights, 3 were cancelled, thus costing 3 vacation days. During one of the vactions, AA lost our luggage for several days. While at MIA, I found the service personel to be surly...

I have a few questions on my first landing in POP. Any help from you frequenters would be much appreciated: 1) Have any of you rented a cell phone right at the airport? Is it somewhat painless? 2) How chaotic and safe would it be for a family of 4 grab a random taxi at the airport? 3) My...

According to Listin Diario and DR1 News: 1) DR-CAFTA will lower Govt revenue stream 2) IMF-PLD thus plan to make up this revenue "shortfall" by implementing more "fiscal reforms"...aka tax and fee increases. Just thought I'd let you know yet one more way the govt is fiscally reforming your...

The Central Bank has assets valued up to DR$100Billion that it plans to sell. These assets were recovered from the failed banks. 1) Will the Central Bank use the proceeds to retire the Bank Certificates issued by Mejia (DR$70Billion) and Fernandez (DR$60Billion)? 2) Will they use this to...

DR1 News reports the story froy wednesday's Hoy.com.do that the last 3 Central Bank Certificates auctions were "vacant". Accoriding to the Central Bank website, that is not true. The last 2 auctions were slightly over subscribed, meaning that the Central Bank sold slightly more certificates than...

Yes, you read it here first. Denominated in US$. Your per capita GDP will increase from US$2107 in 2004 to US$3400 in 2005. This comes on top of a 12% increase in 2004, thanks to Leonel. Therefore, by the end of 2005, Leonel will have increased your US$ denominated income by 80%. How can this...

Have you heard of the term: "cooking the books"? Your very own Dominican Central Bank is preparing quite the sancocho. The Central Bank website provides the following document: "INFORME DE LA ECONOMIA DOMINICANA ENERO-DICIEMBRE 2004 RESUMEN EJECUTIVO"...

As reported in DR1 News, Dominican legislators voted last october to increase their total compensation by 67%. The salary of one legislator is now equal to salary of 30 Dominicans. That would be equivalent to a US Congressman making US$1Million a year. This, of course, should not come as a...

--> DR1 news reported that Fernandez plans a 2005 Budget of DR$180Billion. --> Recent data show that DR presidents tend to spend roughly 10% more than they budget. --> Therefore, 2005 actual spending should be nearly DR$200Billion. --> In 2000, the government spent DR$53.7Billion. --> Between...

listindiario.com, hoy.com.do, DR1 News and others reported today that Canadian entrepreneurs' H.E. Capital, SA would invest US$500Million in Central Bank certificates. The newpapers report of "agreements" reached between the protagonists of H.E. Capital and the Mejia klan. 1. H.E. Capital,SA is...

Yes....another IMF post. As reported in diariolibre.com, via DR1 News, University of Miami Professor Miachael Connolly states his opinion on IMF intervention. It is basically what some of us have been saying here on DR1 for a long time...

Congratulations to hoy.com and to DR1 for not butchering the Census data reported by the DR authorities. This is what elcaribecdn.com had to say: "En los ?ltimos diez a?os la poblaci?n dominicana creci? un 2.73 por ciento lo que presenta 1,269,151 habitantes m?s que en el 1993, seg?n los...

Last August, DR authorities had promised to implement many reforms demanded by the IMF ?.in order for the IMF to release the funds. Just yesterday, the DR and the IMF reached an agreement that allowed these funds to be released. The list below details those important IMF-demanded reforms that...