2005 – Page 234

Economist Carlos Asilis, a former US equity strategist at J.P. Morgan now with New York-based hedge fund Vega Asset Management, warned that Dominican political parties have made an enormous mistake by concentrating on the short term and not planning the development of the country. In an interview with Hoy newspaper, Asilis explained that is the …

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Former ambassador in Washington, D.C., economist Bernardo Vega writes today in El Caribe newspaper about the pressures coming from the US for the Dominican Congress to be the first to ratify the free trade agreement (DR-CAFTA) signed with the United States. He explains this is not the norm. In the cases of the two other …

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Northern Santo Domingo escaped a major tragedy yesterday when at tank truck carrying 10,000 gallons of propane gas ran off the roadway and fell into the Yaguaza River. Fortunately, there was no explosion and nobody was hurt. According to fire officials on the scene, even the exhaust fumes of passing vehicles could have set off …

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Beer is an important part of the Dominican lifestyle, and so the entry of Brazilian AmBev into the local beer market is creating, intentionally, quite a stir. According to AmBev’s principal executives, the introduction of new brands into the local market will increase consumption per capita and increase tax revenues for the government. In the …

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If former President Hipolito Mejia had remembered his Latin, he would have said: “Pax vobiscum”, but since neither he nor his followers know Latin, he just said “Go in peace” to former PRD party president and now political adversary, Hatuey De Camps. Hatuey has just announced the formation of a new party, the Social Democratic …

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Even when he is in jail in New York City, Quirino Paulino Castillo and the case of 1,387 kilograms of cocaine are still making news. On Saturday, the Listin Diario reported that the US Drug Enforcement Administration (DEA) had captured Quirino Paulino’s boss. The man was identified as Luis Eduardo Rodriguez Cordero, a.k.a.” El Principe”, …

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Suspect of the death of 21 year old Joel Sarmiento and his 20-year old wife Yaniris Sanchez, Meregildo Diaz Mejia was sent to Najayo prison after a very long, 15 hour, session that included a four-hour period of deliberation by the judge handling the case. Judge William Encarnacion ordered preventive custody for the deacon that …

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The authorities have confirmed that as of noon of Monday, 7 March, 133 were confirmed dead in the Higuey prison fire. The midnight fire originated in a fight for the control of drug sales within the prison by two gangs, as reported in El Caribe. The death toll could be around 200, as radio press …

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President Fernandez met with commissioners Gracia Maria Schiffino, Rafael Hernandez, Al Sanchez, Roberto Maldonado and F. Crowl of the city government of Chicago. Manuel Jimenez, of Hoy, reports that President Fernandez discussed the possibility of the city of Chicago sending advisors to consult on garbage disposal with Santiago and Santo Domingo city officers. Fernandez says …

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Martin III Ozinga Bros of Ozinga Bros from Chicago met with President Fernandez to propose the installation of a ready mix concrete facility in Pedernales, an area otherwise being slated for major tourism development. Ozinga met with President Fernandez, and as reported in Diario Libre, proposed to build the concrete mixing plant for export purposes. …

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