Tag Archives: Costa Rica

'Highway from hell' fueled Costa Rican volcano

If some volcanoes operate on geologic timescales, Costa Rica’s Irazú had something of a short fuse. In a new study in the journal Nature, scientists suggest that the 1960s eruption of Costa Rica’s largest stratovolcano was triggered by magma rising from the mantle over a few short months, rather than thousands of years or more, as many scientists have thought. The study is the latest to suggest that deep, hot magma can set off an eruption fairly quickly, potentially providing an extra tool for detecting an oncoming volcanic disaster. …read more

Source: FULL ARTICLE at Phys.org

Newlyweds Will Live Only On Bitcoin For Three Months, Starting Today

By Kashmir Hill, Forbes Staff

Like so many couples who tied the knot this July, Austin Craig, 30, and Beccy Bingham Craig, 29, went on a tropical honeymoon after their ceremony, spending ten glorious days in Costa Rica. And like other newlyweds, they will return to their “normal lives” Monday with tans and ringed fingers. But unlike other newlyweds, when these two get back to Provo, Utah, they will be getting rid of all of their credit cards and cash and embarking on a 90-day challenge: “Married… With Bitcoin.” …read more

Source: FULL ARTICLE at Forbes Latest

US: Wanted ex-CIA officer headed for US

A former CIA base chief convicted in the 2003 abduction of an Egyptian terror suspect is being sent to the United States instead of Italy, which wanted him to serve prison time for his role in the notorious anti-terrorism program known as extraordinary rendition, the U.S. State Department said Friday.

Robert Seldon Lady was detained in Panama this week after Italy and Interpol requested his arrest. After barely two days in detention, he was put on a plane to the U.S. by Panama, a close U.S. ally that offered no explanation for its decision.

“It’s my understanding that he is in fact either en route or back in the United States,” State Department spokeswoman Marie Harf told reporters in Washington. She declined to disclose other details about his case.

Italy’s deputy foreign minister, Lap Pistelli, said in a statement that Italy “acknowledges” Panama’s decision, adding nothing more about the case. Italy and Panama have no extradition treaty, Italian diplomats said, but Panama would have been free to send Lady to Italy if it wanted.

Lady had crossed the border into Costa Rica this week and was sent back to Panama where he was detained, according to an Italian official familiar with Italy’s investigation of the rendition of Cleric Osama Moustafa Hassan Nasr. The official spoke on condition of anonymity because the official was not authorized to discuss the case.

A Panamanian National Police official said Lady, 59, had been detained Wednesday on the Costa Rica-Panama border. The official also spoke on condition of anonymity due to lack of authorization to discuss the matter.

Nasr, also known as Abu Omar, was hustled into a car in February 2003 on a street in Milan, where he preached, and transferred to U.S. military bases in Italy and Germany before being flown to Egypt. He alleged he was tortured in Egypt before being released.

Italy conducted an aggressive investigation and charged 26 CIA and other U.S. government employees despite objections from Washington. All left Italy before charges were filed in the first trial in the world involving the CIA’s extraordinary rendition program, under which terror suspects were abducted and transferred to third countries where many were tortured.

All of the U.S. suspects were eventually convicted but only Lady received a sentence — nine years in prison — that merited an extradition request under Italian legal guidelines.

…read more

Source: FULL ARTICLE at Fox World News

Ex-CIA agent convicted in Milan in kidnapping held in Panama

A former CIA base chief convicted in the 2003 abduction of a terror suspect from an Italian street has been detained in Panama after Italy requested his arrest in one of the most notorious episodes of the U.S. program known as extraordinary rendition, Italian and Panamanian officials said Thursday.

Robert Seldon Lady, the former CIA chief in Milan, entered Panama, crossed the border into Costa Rica and was sent back to Panama where he was detained, according to an Italian official familiar with Italy’s investigation of the rendition of Cleric Osama Moustafa Hassan Nasr. The official spoke on condition of anonymity because the official was not authorized to discuss the case.

A Panamanian National Police official said Lady, 59, had been detained Wednesday on the Costa Rica-Panama border. The official also spoke on condition of anonymity due to lack of authorization to discuss the matter.

The government of Panama, which maintains one of the region’s closest relationships with the U.S., was officially silent on the case. Security Minister Jose Raul Mulino told The Associated Press that he was unaware of Lady’s detention and the press office of the National Police — which works with Interpol, the international police agency — said it had no information. The CIA also declined to comment.

Nasr, also known as Abu Omar, was hustled into a car in February 2003 on a street in Milan, where he preached, and transferred to U.S. military bases in Italy and Germany before being flown to Egypt. He alleged he was tortured in Egypt before being released.

Italy conducted an aggressive investigation and charged 26 CIA and other U.S. government employees despite objections from Washington. All left Italy before charges were filed in the first trial in the world involving the CIA’s extraordinary rendition program, under which terror suspects were abducted and transferred to third countries where many were subjected to torture.

All the U.S. suspects were eventually convicted but only Lady received a sentence — nine years in prison — that merited an extradition request under Italian legal guidelines. Two former Italian spy chiefs were also convicted this year for their role in the cleric’s kidnapping.

The case caused tensions between Rome and Washington, two traditionally stalwart allies. In April, Italy’s president, Giorgio Napolitano, pardoned a U.S. Air Force colonel convicted in the rendition case, a move Napolitano hoped would keep American-Italian relations strong, especially on security matters.

Napolitano said he granted the pardon in hopes of resolving an affair that the United States considered unprecedented because a U.S. military officer for NATO had been convicted for deeds committed on Italian territory.

The colonel, Joseph Romano, was security chief of the Aviano air base in northern Italy, where Nasr was taken on his way to Egypt.

In issuing the pardon, Napolitano’s office said the president had taken into consideration the fact that Obama, immediately after his election, had put an end to George W. Bush administration anti-terror practices that both Italy and the European Union considered to be “not compatible with fundamental principles of rule of law.”

Lady, who …read more

Source: FULL ARTICLE at Fox World News

U.S. Soccer Beats Costa Rica 1-0 In Gold Cup 2013

By The Huffington Post News Editors

By Mike Slane, Goal.com

EAST HARTFORD, Conn. — Brek Shea scored the night’s only goal and Sean Johnson held a clean sheet as the United States handled its first real test of the Gold Cup by holding on for a 1-0 win over Costa Rica at Rentschler Field.

The Americans, who had already clinched a spot in the quarterfinals following big wins over Belize and Cuba, finished in first place in Group C with nine points.

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More on Soccer

…read more

Source: FULL ARTICLE at Huffington Post

New Web-enabled technology records the presence of species by analyzing their sounds

Identifying, and monitoring the fluctuations of thousands of species in tropical ecosystems is a difficult challenge, but newly developed technology now makes it much easier. Scientists report on new cyberinfrastructure which enables real-time acoustic recording and subsequent species identification in remote locations around the world. Thousands of audio recordings of tropical birds, frogs, monkeys, and insects in Puerto Rico and Costa Rica have been captured (using automated recording stations placed in their natural habitat) and analyzed to identify the species concerned. …read more

Source: FULL ARTICLE at Phys.org

Conservatives likely to retake power in Paraguay

Paraguay is poised to elect as its new president a conservative candidate from the party that backed strongman Alfredo Stroessner during 35 years of iron rule, returning the executive branch to the wealthy interests that have traditionally dominated this poor South American nation despite the election of a leftist ex-bishop in 2008.

Sunday’s vote is also an important milestone in Paraguay‘s attempt to regain the international acceptance it lost when neighboring nations objected to the fast-track removal of President Fernando Lugo. The expedited impeachment of Lugo last year conformed to Paraguay‘s constitution but was criticized by its neighbors as an “institutional coup” that threatened democracies around the region.

Regional blocs such as Mercosur suspended Paraguay‘s membership following Lugo’s ouster, but all signs indicate that Paraguay‘s neighbors will re-engage the country after the election to replace Federico Franco, who served out Lugo’s term and is not eligible to seek a new one.

Most polls indicate that tobacco magnate and soccer executive Horacio Cartes of the Colorado Party, which held power for 61 years before losing to Lugo at the polls, will win handily over his chief rival, Sen. Efrain Alegre of Franco’s Liberal Party.

A handful of candidates trail them, including Anibal Carrillo of the leftist Guasu Front coalition led by Lugo, who is seeking to return to politics as a senator.

A presidential candidate can be declared winner with a plurality, and there is no runoff.

Some likened the vote to the 2009 presidential election in Honduras that gave other nations reason to re-embrace the Central American country five months after President Manuel Zelaya was grabbed by soldiers while still in his pajamas and flown to Costa Rica.

“The election in Honduras ultimately was important,” said Gregory Weeks, a political scientist specializing in Latin America at the University of North Carolina at Charlotte. “It was contested and there might have been controversy, but what it did was it got the country sufficiently past the crisis to allow it to be accepted by all the rest of the region again.”

Whoever wins in Paraguay will have to deal with problems that have been endemic for decades in this landlocked nation of about 6.2 million people, most notably the yawning gulf between the haves and have-nots.

Paraguay is South America’s No. 3 producer of soy,

From: http://feeds.foxnews.com/~r/foxnews/world/~3/h9F-0S00j3Y/

Today in History for 16th April 2013

Historical Events

1509 – French army under Louis XII enters Alps
1866 – Nitroglycerine at Wells Fargo and Co office explodes
1940 – 1st televised baseball game, WGN-TV, (White Sox vs Cubs exhibition)
1945 – Red Army begins Battle of Berlin
1972 – 1st Colgate Dinah Shore Golf Championship won by Jane Blalock
1989 – Costa Rica beats US 1-0, in 3rd round of 1990 world soccer cup

More Historical Events »

Famous Birthdays

1904 – Clifford Case, (Sen-R-NJ)
1909 – Herman Uyttersprot, Flemish literature historian
1927 – Pope Benedict XVI [Joseph Aloisius Ratzinger], Marktl, Bavaria, Germany
1958 – Philip Bainbridge, British cricketeer
1965 – Gerardo, rocker
1978 – Matthew Lloyd, Australian rules footballer

More Famous Birthdays »

Famous Deaths

69 – Otho, Roman Emperor (b. 32)
1788 – Georges-Louis Leclerc, Comte de Buffon, French naturalist (b. 1707)
1904 – Samuel Smiles, Scottish writer and reformer (b. 1812)
1955 – Abdullah Seif el-Islam, brother of Yemenite king Ahmed, beheaded
1995 – Iqbal Masih, Pakistani child slave labourer, activist (b. 1982)
2005 – Marla Ruzicka, American humanitarian worker and peace activist (b. 1976)

More Famous Deaths »

From: http://www.historyorb.com/day/april/16

Frontier Airlines Announces CAO/Treasurer Appointment

By Business Wirevia The Motley Fool

Filed under:

Frontier Airlines Announces CAO/Treasurer Appointment

Holly Nelson joins Denver-based carrier

DENVER–(BUSINESS WIRE)– Frontier Airlines today announced the appointment of Holly Nelson as chief accounting officer and treasurer of the Denver-based carrier.

A seasoned professional, Nelson brings more than 25 years of airline-industry financial experience to the position. Most recently, she served as chief financial officer for Aircraft Technical Publishers (ATP), where she led the company’s finance and human resource functions and was responsible for all accounting and reporting, treasury, financial planning and corporate governance for the company.

Prior to joining ATP, Nelson worked at Virgin America Inc., where she served as senior vice president and chief financial officer. During her tenure, she re-established Virgin America in the financial markets to facilitate capacity growth of 89 percent over two years, executed a fleet plan to support the airline’s growth and led negotiations for the purchase of 60 new aircraft. Holly previously served as senior vice president, controller and chief accounting officer at JetBlue Airways Corporation where she helped the airline enter the public markets and guide its tremendous growth.

Nelson is a certified public accountant and holds a bachelor of business administration degree from the University of Wisconsin-Eau Claire. Holly is a past member of the Accounting Standards Executive Committee (AcSEC) which is the senior technical committee at the America Institute of Certified Public Accountants (AICPA) and she was on the Airline Guide Task Force that issued the updated AICPA Audit & Accounting Guide on Airlines.

“Frontier is exceptionally fortunate to be able to attract an officer of Holly’s caliber,” said Robert Ashcroft, senior vice president of finance. “Her arrival at Frontier could not be more timely, as the company moves towards separation from its corporate parent and continues to shift towards becoming an ultra low-cost carrier.”

Frontier Airlines is a wholly owned subsidiary of Republic Airways Holdings, Inc. (NAS: RJET) .

About Frontier Airlines

Frontier Airlines is a wholly owned subsidiary of Republic Airways Holdings, Inc. (NAS: RJET) , an airline holding company that also owns Chautauqua Airlines, Republic Airlines and Shuttle America. Currently in its 19th year of operations, Frontier offers service to more than 75 destinations in the United States, Mexico, Costa Rica, Jamaica …read more

Source: FULL ARTICLE at DailyFinance

WNS to Release Fiscal 2013 Fourth Quarter and Full Year Financial and Operating Results on April 17,

By Business Wirevia The Motley Fool

Filed under:

WNS to Release Fiscal 2013 Fourth Quarter and Full Year Financial and Operating Results on April 17, 2013

NEW YORK & MUMBAI, India–(BUSINESS WIRE)– WNS (Holdings) Limited (NYS: WNS) , a leading provider of global Business Process Outsourcing (BPO) services, today announced it will release its fiscal 2013 fourth quarter and full year financial and operating results at approximately 6:00 a.m. Eastern on Wednesday, April 17, 2013.

Following the release, WNS management will host a call on April 17, 2013 at 8:00 a.m. Eastern. Chief Executive Officer, Keshav Murugesh and Chief Financial Officer, Deepak Sogani will review the results of the fiscal fourth quarter and full year ended March 31, 2013 on the teleconference.

To participate in the call, please use the following details: +1-866-277-1184; international dial-in +1-617-597-5360; participant passcode 37185223.

A replay will be available for one week following the call at +1-888-286-8010; international dial-in +1-617-801-6888; passcode 99626595, as well as on the WNS website, www.wns.com, beginning two hours after the end of the call.

About WNS

WNS (Holdings) Limited (NYS: WNS) , is a leading global business process outsourcing company. WNS offers business value to 200+ global clients by combining operational excellence with deep domain expertise in key industry verticals including Travel, Insurance, Banking and Financial Services, Manufacturing, Retail and Consumer Packaged Goods, Shipping and Logistics and Healthcare and Utilities. WNS delivers an entire spectrum of business process outsourcing services such as finance and accounting, customer care, technology solutions, research and analytics and industry specific back office and front office processes. As of December 31, 2012, WNS had 25,931 professionals across 31 delivery centers worldwide including Costa Rica, India, Philippines, Poland, Romania, South Africa, Sri Lanka, United Kingdom and the United States. For more information, visit www.wns.com.

Safe Harbor Provision

This document includes information which may constitute forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, the accuracy of which are necessarily subject to risks, uncertainties, and assumptions as to future events. Factors that could cause actual results to differ materially from those expressed or implied are discussed in our most recent Form 20-F and other filings with the …read more

Source: FULL ARTICLE at DailyFinance

PriceSmart Earnings: An Early Look

By Dan Caplinger, The Motley Fool

Filed under:

Spring is finally here, and a new earnings season is right around the corner. Next Tuesday, PriceSmart will release its latest quarterly results. The key to making smart investment decisions on stocks reporting earnings is to anticipate how they’ll do before they announce results, leaving you fully prepared to respond quickly to whatever inevitable surprises arise. That way, you’ll be less likely to make an uninformed knee-jerk reaction to news that turns out to be exactly the wrong move.

PriceSmart isn’t a name you’ll see in the U.S., but the company has taken the warehouse-club model south of the border and turned it into a thriving business throughout Latin America and Caribbean. Can the company keep up its growth pace? Let’s take an early look at what’s been happening with PriceSmart over the past quarter and what we’re likely to see in its quarterly report on Tuesday.

Stats on PriceSmart

Analyst EPS Estimate

$0.77

Change From Year-Ago EPS

15%

Revenue Estimate

$609.7 million

Change From Year-Ago Revenue

10.9%

Earnings Beats in Past 4 Quarters

2

Source: Yahoo! Finance.

Is PriceSmart’s stock a good bargain?
Analysts have had mixed views on PriceSmart recently, reining in their estimates for the most recent quarter by a penny per share but boosting their full-year fiscal 2013 consensus by $0.03 per share. The stock has also had a tepid performance, with share prices up less than 3% since the beginning of 2013.

Given PriceSmart’s business model, investors inevitably make comparisons with U.S. warehouse king Costco and its hugely successful business model of reaping the bulk of its profit from membership fees. Right now, PriceSmart looks a lot like Costco did 25 years ago, with rapidly growing sales but plenty of untapped potential. For PriceSmart, that potential could come from southward expansion into key South American markets such as Brazil, as the company thus far has concentrated on the Caribbean and Central America for most of its stores.

Source: PriceSmart investor relations.

But competition may be coming for PriceSmart. Last month, Wal-Mart got environmental approval for a store in Costa Rica, directly challenging PriceSmart’s home territory.

Still, for now, PriceSmart has kept itself growing at a strong pace. In February, the company reported an 8% increase in sales with a jump in same-store comps of almost 9%. With the announcement of a new club coming to Honduras next year, PriceSmart remains on a steady path to growing its presence throughout the region.

In its earnings report, watch for PriceSmart to discuss its longer-term plans for expansion. With the prospects that Brazil could bring the company, investors won’t want PriceSmart to wait too long before making its move southward.

PriceSmart is smart to follow Costco’s path, as its low prices haven’t just benefited customers — shares have walloped the market, returning 11,000% over the past two decades. However, with …read more

Source: FULL ARTICLE at DailyFinance

The Most Powerful Company You've Never Heard Of

By Alex Planes, The Motley Fool

Filed under:

On this day in economic and financial history …

The United Fruit Company was formed on March 30, 1899, the result of a merger between the nearly bankrupt Tropical Trading and Transport Company and Boston Fruit. On its formation, United Fruit was already a giant in its field, with railroads, steamships, and plantations spread across the tropics. It would grow into an enterprise that clashed with governments. The phrase “banana republic” arose from United Fruit‘s efforts to bend entire Central American nations to its purposes, particularly in the growing of bananas, which are notoriously quick to rot and thus require greater control over their production to ensure a uniform — and profitable — product.

In Reason, Ira Stoll recently recounted the company’s sheer size:

It seems almost quaint to think that a company specializing in bananas might have once been considered a capitalist giant on the level of today’s firms, but so it was — at its height in the first half of the last century, United Fruit owned one of the largest private navies in the world. It owned 50% of the private land in Honduras and 70% of all private land and every mile of railroad in Guatemala.

The company’s transformation of the banana trade was a key element of Peter Chapman’s Bananas, which a New York Times article on United Fruit covered in 2008:

“[United Fruit was] more powerful than many nation states … a law unto itself and accustomed to regarding the republics as its private fiefdom.” United Fruit essentially invented not only “the concept and reality of the banana republic,” but also, as Chapman shows, the concept and reality of the modern banana. “If it weren’t for United Fruit,” he observes, “the banana would never have emerged from the dark, then arrived in such quantities as to bring prices that made it available to all.”

Today, “the banana is the world’s fourth major food, after rice, wheat, and milk.” But when a Brooklyn-born twentysomething named Minor Keith planted a few banana cuttings next to a railroad track in Costa Rica in the early 1870s, it was virtually unknown outside its native environs. … Until its demise a hundred years later, United Fruit controlled as much as 90 percent of the market.

United Fruit was fictionalized in Gabriel Garcia Marquez’s One Hundred Years of Solitude and managed to take part in multiple political uprisings and fiascos, including the “banana massacre” in 1928 Colombia and the 1954 Guatemalan coup d’etat. On both occasions, U.S. military forces intervened in Central America on the company’s behalf. United reached its apex in the years bookending World War II, after Sam “Banana Man” Zemurray took the reins — United Fruit‘s overextension before the Great Depression had jeopardized the wealth he’d gained from selling United his competing fruit company, prompting a takeover bid.

United Fruit became United Brands in 1970 and is now Chiquita …read more
Source: FULL ARTICLE at DailyFinance

Scientists use AI cobweb analysis to determine spider species

(Phys.org) —The identification of spider species based on pattern recognition of their cobwebs has been shown to be quite possible and successful. The paper, “Spider specie identification and verification based on pattern recognition of it cobweb,” was published in Expert Systems and Applications and the paper’s research was also recently discussed in New Scientist. A team came up with an AI cobweb recognition system through the use of special software for analyzing images supplied by a spider expert. More specifically the team used images from William Eberhard of the Smithsonian Tropical Research Institute in Costa Rica. …read more
Source: FULL ARTICLE at Phys.org

Statement by the Press Secretary on the President’s Trip to Mexico and Costa Rica

By The White House

President Obama will travel to Mexico and Costa Rica May 2-4. This trip is an important opportunity to reinforce the deep cultural, familial, and economic ties that so many Americans share with Mexico and Central America.

In Mexico, the President looks forward to meeting with President Peña Nieto, with whom he spoke by telephone today. The President welcomes the opportunity to discuss ways to deepen our economic and commercial partnership and further our engagement on the broad array of bilateral, regional, and global issues that connect our two countries. In Costa Rica, the President looks forward to the opportunity to meet with President Chinchilla as well as heads of state of the other Central American countries and the Dominican Republic, whom President Chinchilla has graciously offered to host. The trip will be an important chance to discuss our collective efforts to promote economic growth and development in Central America and our ongoing collaboration on citizen security.

…read more
Source: White House Press Office

USA Soccer, Mexico Tie, 0-0: U.S. Earns Point At Estadio Azteca In World Cup Qualifying

By The Huffington Post News Editors

MEXICO CITY — Brad Guzan swatted away shot after shot and the Americans hung on for a 0-0 draw with Mexico on Tuesday night, earning only their second point in a World Cup qualifier at Azteca Stadium.

The tie moved the U.S. into third place in World Cup qualifying for the North and Central American and Caribbean region after three of 10 matches, one point behind Panama and behind Costa Rica on goal difference. The Americans and Costa Ricans both have four points, but the Ticos, who earlier Tuesday lost their appeal over Friday’s loss to the United States in a Colorado snow storm, are ahead on goal difference.

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…read more
Source: FULL ARTICLE at Huffington Post

It's Time To Raise Our Expectations Of Jurgen Klinsmann And The U.S. Men's Soccer Team

By Monte Burke, Forbes Staff

Jurgen Klinsmann and the U.S. Men’s National Soccer, with their 1-0 win last week over Costa Rica in a driving Colorado blizzard, saved themselves a lot of grief. The win followed the most trying week in the Klinsmann’s nearly two-year reign as the U.S. manager. The infamous Sporting News article, which questioned the 48 year-old German soccer legend’s tactics and, seemingly, sanity, was published to much fanfare. Good U.S. players got hurt and couldn’t play. The team was in last place in the CONCACAF region’s final round of World Cup qualifying, known as the “Hex.” There was plenty of hand-wringing all around (guilty). …read more
Source: FULL ARTICLE at Forbes Latest

Mexico vs. USMNT: Will The US Punch First, Punch Hard, & Not Let Up?

By Zach Slaton, Contributor

The US Men’s National Team’s win against Costa Rica on Friday night may have occurred under some unique circumstances, but it was a win nonetheless.  It gave them a much-needed boost in their quest for a seventh straight World Cup final, with their likelihood of doing so only standing at 53% after their opening match loss to Honduras according to ESPN.com’s Soccer Power Index (SPI) .  A quick Clint Dempsey goal against Costa Rica with some non-ideal weather slowing down play later in the match gave the US Men’s National Team their first three points of the Hexagonal and vaulted them to a nearly 69% chance of qualifying for Brazil 2014 (Costa Rica protest notwithstanding).  Everyone knew this was the warmup fight ahead of the main event with fellow CONCACAF heavyweight Mexico on Tuesday night, but it was an warmup that had to be won to keep US hopes alive. …read more
Source: FULL ARTICLE at Forbes Latest