Dolores Vicioso – Page 7116

The heretofore unknown Mona Ayoub, a multimillionaire of Lebanese extraction and the reported widow of a fabulously wealthy Saudi, hosted an exclusive dinner aboard a yacht for President Mejia and a very small group of guests, which included the US and French ambassadors. Few journalists had access to the event, whose high security measures required …

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This Friday, Cogentrix, the electrical power generator in San Pedro de Macoris, will receive a check for US$12 million as a down payment on the debt that is owed by the government, estimated at upwards of US$30-million. According to the economy section of El Caribe newspaper, Cogentrix will activate one of its 100-megawatt units, which …

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In stories carried in the Listin Diario and the Diario Libre, a US Federal District court awarded two narcotics agents US$1.5 million each for violation of their rights. According to the court, agents John McLaughlin and Charles Micewski said that they had discovered a drug trafficking ring that operated in Philadelphia and New York City, …

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The Supreme Court of Justice will have the last word. But Attorney General Victor Manuel Cespedes Martinez says he favors the maintaining of the correctional grading of the Pedro Julio (Pepe) Goico case for a RD$40 million credit card fraud. Baninter issued the card in the name of Goico to cover expenses of President Hipolito …

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Monsignor Timothy Broglio, Apostolic Nuncio of His Holiness the Pope and Dean of the Diplomatic Corps, spoke up for peace yesterday at the Ministry of Foreign Relations. Foreign Relations Minister Hugo Tolentino Dipp was accompanied at the podium by First Lady Rosa Gomez de Mejia. Monsignor Broglio urged that peaceful solutions be found to the …

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The Fort Worth Star Telegram, one of the leading newspapers in the Dallas-Fort Worth area in Texas, featured a story on the Dominican Republic in its Sunday 9 February travel section. The story tells of the adventures of reporter Jan Jarvis during his visit to Punta Cana and his various excursions to experience more of …

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All of today?s newspapers carry front-page stories on the reaction of the National Council of Private Business (CONEP) to the measures announced by President Hipolito Mejia in his speech last Sunday evening. El Caribe reports that CONEP disapproves of the measures, accusing the President of having placed the entire burden on only one sector of …

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According to President Hipolito Mejia, the economic measures announced on Sunday were well thought out and their results will be seen within one week. Finance Minister Jose Lois Malkum told reporters that the aim of the measures is not to save money, but rather to stabilize the exchange rate. The cabinet member acknowledged that there …

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Diario Libre reports that the head of FINJUS, the Institutionalization and Justice Foundation, says the 10-percent surcharge on at least half of all Dominican imports, as ordered by Decree 139-03, violates the Constitution.  Carlos Salcedo, director of the foundation, explains that the Executive Branch does not have the authority to establish taxes, a power held …

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In a short sidebar in the Listin Diario, it is reported that the dollar fell below the recent level of RD$25 to US$1. According to Freddy Ortiz of the Dominican Association of Remittance Companies, the dollar will continue to decline.