2007 – Page 66

The prospect of earning an extra RD$1,000 per month is enough to lead drivers in the DR to wait in long lines, causing head-bruising traffic jams. The PLD has begun a campaign of paying drivers RD$1,000 to place posters on their vehicles advertising President Leonel Fernandez’s re-election aspirations. Large numbers of car owners are taking …

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According to the United Nations Development Program (UNDP) clientelism, authoritarianism and lack of state policies are among the principal factors that threaten human development in the DR. UNDP, represented by economist Miguel Ceara Hatton, presented the findings of the soon to be published UNDP Human Development Report to the Chamber of Deputies yesterday. According to …

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The Caribbean Center for Economic Research (CIECA) warned yesterday that as negotiations for the European Partnership Agreement continue between the DR, Caribbean Community (Caricom) and the European Union (EU), there are not that many differences between this proposed agreement and conventional free trade agreements, like DR-CAFTA. According to CIECA, an EPA will not recognize the …

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Hoy is reporting that for the first time a foreign bank will provide a US$500 million fund for people to buy homes at Cap Cana, on the east coast of the Dominican Republic. Vice president of Commercial and Institutional Relations at Cap Cana, Elis Perez, says that it is the only case he is aware …

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More details of the drug ring busted earlier this week at New York’s JFK airport have been released as the US v. Henry Polanco (07-M-1115 case) is heard at the US District Court of the Eastern District of New York (Brooklyn). Listin Diario is reporting that two people, identified as DS-1 and M-1, were supplying …

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The country’s Attorney General Radhames Jimenez Pena and National District prosecutor Jose Manuel Hernandez Peguero have offered an RD$1 million reward for information about the disappearance of university professor and journalist Narciso Gonzalez on 26 May 1994. The AG and prosecutor say that they offered the money because they have run out of leads in …

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The government has decided not to increase the energy rates and has chosen to absorb the increase instead. The electricity price increases are a direct result of the increase in international petroleum prices, which have reached US$90 per barrel for the first time in history. State-run Electricity Company vice president Radhames Segura said that the …

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The trade deficit between the DR and El Salvador is increasing. In 2006 the DR exported US$5 million to El Salvador while importing US$49.2 million in goods, according to Listin Diario. During the first three months of the year imports have been at US$19.5 million while exports are at US$1.7 million. This trend concerns Salvadoran …

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The PRD officially presented the Supreme Court with a recourse of unconstitutionality against the Sun Land Corporation contracts signed between the company and the state for a total of US$130 million. The recourse assures that the government is named as the debtor in the contracts and the PRD has claimed all along that the current …

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The Boston Red Sox finally saw off the team that was supposed to sweep through the playoffs last night as they pounced on the Cleveland Indians 7-1. Pitcher Josh Beckett pitched a stellar game and Sox’s batter David Ortiz and Manny Ramirez continued to be a terror for pitchers driving in three runs last night. …

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