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President Carlos Mauricio Funes of El Salvador Visits Pope Francis
Pope Francis met this morning with Carlos Mauricio Funes Cartagena, President of El Salvador at the Apostolic Palace today. Shortly after his meeting with the Holy Father, President Funes met with Cardinal Tarcisio Bertone, the Vatican Secretary of State, who was accompanied by Archbishop Dominique Mamberti, Secretary for Relations with ...
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Will Justice Be Possible In Guatemala
Two US military officers are caught delivering weapons to Colombian paramilitaries. Frank Smyth One of them is Guatemala’s president, Otto Perez Molina, a retired general who, according to an ex-soldier testifying in Ríos Montt’s trial, ordered soldiers to burn and loot villages and "execute people." But President Perez Molina was not on trial and no corroborating ...
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Intl Meeting of Emerging Markets Concludes in Panama
Panama, May 23 (Prensa Latina) The Emerging Markets Committee of the International Organization of Securities Commissions, which gathers experts on the subject from more than 80 countries, is concluding its congress on regulation reform today in Panama. During the event, delegates discussed subjects related to the consequences of reforms in the emerging stock markets, various risks, development ...
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Cartel Torches Mexican State Extorts Farmers For Protection
The AP reports that the Knights Templar cartel is terrorizing the Western Mexican state of Michoacan by burning pretty much everything in sight. The group has so far targeted lumber yards, packing plants and even passenger buses in their reign of terror. Like most organized crime units, this particular cartel is offering to spare farmers if they pay protection money. Some are resisting while ...
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El Salvador presses pope on Romero beatification
Pope Francis speaks with El Salvador's President Mauricio Funes as they stand in front of a reliquary containing a fragment of the vestment that archbishop Oscar Romero was wearing when he was assassinated, during a private audience at the Vatican Thursday, May 22, 2013. (AP Photo/Alessandro Bianchi, ...
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Mexican stocks fall to nearly 8-mo low hit key support
MEXICO CITY | Thu May 23, 2013 9:44am EDT MEXICO CITY May 23 (Reuters) - Mexican stocks fell sharply on Thursday, sinking for the fourth session in a row, hurt by concerns that the U.S. Federal Reserve could scale back its stimulus that has fed demand for riskier assets around the world. The IPC stock index shed as much as 1.62 percent to 39,468 points, hitting near a key support that ...
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New construction in tourism industry – signs of recovery or misplaced optimism?
The whole of Central America has been affected by the global downturn. One of the industries effected most has been tourism, and while many construction and expansion projects were planned during the heady days of 2007 and early 2008, the region may now be facing a huge oversupply problem in terms of hotel accommodation, although there are signs of light on the horizon.
In 2006, the Tourism Ministers of various countries in the region came together at San Ramon for a conference and told Central American news providers that the tourism industry for the region as whole had grown by an average of 11%, which account for, on average, 5% of the region’s GDP for that year, in addition, there was astounding growth in the number of European tourists travelling to Central America, a 147% increase in fact. Read more
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