Heather Leslie, assistant professor of environmental studies, says it’s a mistake to assume market forces and sustainability must always be at loggerheads. In a recently published paper, Leslie and a group of researchers showed that small-scale fisheries near La Paz, Mexico, could earn a premium for fish that fit nicely on a plate, leaving larger fish to sustain the population. She spoke about her work with Kevin Stacey. …read more
Source: FULL ARTICLE at Phys.org
Bolivia’s leftist president Evo Morales on Saturday accused US intelligence of hacking into the email accounts of top Bolivian officials, saying he had shut his own account down.
Latin American leaders have lashed out at Washington over recent revelations of vast surveillance programs, some of which allegedly targeted regional allies and adversaries alike.
Bolivia has joined Venezuela and Nicaragua in offering asylum to Edward Snowden, the former IT contractor for the US National Security Agency who publicized details of the programs and is now on the run from espionage charges.
Morales said that he learned about the alleged US email snooping at the Mercosur regional summit in Montevideo earlier this week.
“Those US intelligence agents have accessed the emails of our most senior authorities in Bolivia, Morales said in a speech.
“It was recommended to me that I not use email, and I’ve followed suit and shut it down,” he said.
Argentine Foreign Minister Hector Timerman told the same summit that more than 100 of his country’s officials were under electronic surveillance from a nation he did not name.
Bolivia’s Morales, who has long had a thorny relationship with the United States, speculated that Washington hoped to use the information in the emails to plan a future “invasion” of his country.
His allegations followed a diplomatic dust-up last week when, during a flight home from Moscow, European authorties diverted Morales’s plane to Austria and searched it after rumours that he had Snowden on board.
Morales renewed his offer of asylum to Snowden on Saturday, saying La Paz would follow all “diplomatic norms and international accords” in the case.
The 30-year-old intelligence leaker has been stranded in an airport transit zone in the Russian capital since June 23.
Snowden is seeking to avoid US espionage charges for revealing vast surveillance programs to collect phone and Internet data.
US authorities say the revelations threatened national security, insisting the secret programs are fully legal and have helped foil dozens of terrorist attacks.
Source: FULL ARTICLE at Fox World News
By Business Wirevia The Motley Fool
Filed under: Investing
Grupo Aeroportuario del Pacifico, S.A.B. de C.V. Informs
GUADALAJARA, Mexico–(BUSINESS WIRE)– Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE: PAC; BMV: GAP) (“the Company” or “GAP“) informs that it has been notified that, in the protection proceeding by which the Company had appealed a intermediate decision in the lawsuit filed by Grupo México, S.A.B. de C.V. (“Grupo México”) seeking the declaration of invalidity of the Company’s bylaws, and by virtue of the application of certain federal precedents regarding such protection proceedings, the court granted GAP‘s petition for a suspension of the intermediate court’s decision that had declared invalid Articles X and XII of the Company’s bylaws. The court’s decision of suspension confirms that which is set forth in Article 1343 of the Commercial Code, namely that the lower courts’ decisions at the trial and intermediate level are not carried out until all ordinary and extraordinary measures of redress by GAP have been exhausted.
As a result of this decision, GAP confirms that Articles X and XII of its bylaws remain valid and binding, and, consequently, GAP‘s shareholders are required to adhere to them.
Company Description:
Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (GAP) operates 12 airports throughout Mexico’s Pacific region, including the major cities of Guadalajara and Tijuana, the four tourist destinations of Puerto Vallarta, Los Cabos, La Paz and Manzanillo, and six other mid-sized cities: Hermosillo, Bajio, Morelia, Aguascalientes, Mexicali and Los Mochis. In February 2006, GAP‘s shares were listed on the New York Stock Exchange under the ticker symbol “PAC” and on the Mexican Stock Exchange under the ticker symbol “GAP“.
This press release may contain forward-looking statements. These statements are not historical facts, and are based on management’s current view and estimates of future economic circumstances, industry conditions, company performance and financial results. The words “anticipates,” “believes,” “estimates,” “expects,” “plans” and similar expressions, as they relate to the company, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations and the factors or trends affecting financial conditions, liquidity or results of operations are examples of forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, trends or results will actually occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors.
From: http://www.dailyfinance.com/2013/04/11/grupo-aeroportuario-del-pacifico-sab-de-cv-informs/
By Business Wirevia The Motley Fool
Filed under: Investing
Grupo Aeroportuario del Pacifico Reports Passenger Traffic Increase of 9.1% for March 2013
GUADALAJARA, Mexico–(BUSINESS WIRE)– Grupo Aeroportuario del Pacifico, S.A.B. de C.V. (NYSE: PAC; BMV: GAP) (“the Company” or “GAP“) announced today preliminary terminal passenger traffic figures for the month of March 2013 compared to traffic figures for March 2012.
During March 2013, total terminal passengers increased 9.1% compared to the previous year. Domestic passenger traffic increased 9.9%, while international passenger traffic increased 8.0% compared to March 2012.
Recent Events:
Notably, Holy Week / Easter took place during the month of April, in 2012. In 2013, however, Holy Week took place during March, while Easter took place in April. As a result, figures will be comparable in April 2013.
Also during March, it is important to mention the launch of two new routes: the first is Tijuana to Cancun by Volaris and secondly, Los Cabos to Denver, by Southwest Airlines (operated by Air Tran Airways).
Company Description:
Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (GAP) operates twelve airports throughout Mexico’s Pacific region, including the major cities of Guadalajara and Tijuana, the four tourist destinations of Puerto Vallarta, Los Cabos, La Paz and Manzanillo, and six mid-sized cities: Hermosillo,Guanajuato, Morelia, Aguascalientes, Mexicali and Los Mochis. In March 2006, GAP‘s shares were listed on the New York Stock Exchange under the ticker symbol “PAC” and on the Mexican Stock Exchange under the ticker symbol “GAP“.
This press release may contain forward-looking statements. These statements are statements that are not historical facts, and are based on management’s current view and estimates of future economic circumstances, industry conditions, company performance and financial results. The words “anticipates”, “believes”, “estimates”, “expects”, “plans” and similar expressions, as they relate to the company, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations and the factors or trends affecting financial condition, liquidity or results of operations are examples of forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, trends or results will actually occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, …read more
Source: FULL ARTICLE at DailyFinance
By The Huffington Post News Editors
The altitude of La Paz is too much for this Argentine soccer star.
Lionel Messi vomited in the locker room at halftime Tuesday during Argentina’s World Cup qualifying game against Bolivia in the nearly 12,000-mile high city of La Paz, Spanish newswire EFE reports.
The world’s greatest soccer player obviously wasn’t feeling too hot, periodically bending over to catch his breath. He missed a clear opportunity to score, which some observers chalked up to his lack of oxygen.
By Business Wirevia The Motley Fool
Filed under: Investing
Grupo Aeroportuario del Pacifico, S.A.B. de C.V. Announces
GUADALAJARA, Mexico–(BUSINESS WIRE)– Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE: PAC; BMV: GAP) (“the Company” or “GAP“) announced that based on the press release distributed February 26, 2013, the Company has filed an appeal before a Federal Court challenging the decision of an intermediate appellate court that confirmed the decision of the state civil court of Mexico City that found certain of the Company’s by-laws to be invalid.
As a result, GAP confirms that its by-laws remain valid and binding and consequently, require all of the Company’s shareholders to adhere to the Company’s by-laws.
Company Description:
Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (GAP) operates 12 airports throughout Mexico‘s Pacific region, including the major cities of Guadalajara and Tijuana, the four tourist destinations of Puerto Vallarta, Los Cabos, La Paz and Manzanillo, and six other mid-sized cities: Hermosillo, Bajio, Morelia, Aguascalientes, Mexicali and Los Mochis. In February 2006, GAP‘s shares were listed on the New York Stock Exchange under the ticker symbol “PAC” and on the Mexican Stock Exchange under the ticker symbol “GAP“.
This press release may contain forward-looking statements. These statements are not historical facts, and are based on management’s current view and estimates of future economic circumstances, industry conditions, company performance and financial results. The words “anticipates,” “believes,” “estimates,” “expects,” “plans” and similar expressions, as they relate to the company, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations and the factors or trends affecting financial conditions, liquidity or results of operations are examples of forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, trends or results will actually occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations.
In accordance with Section 806 of the Sarbanes-Oxley Act of 2002 and article 42 of the “Ley del Mercado de Valores”, GAP has implemented a “whistleblower” program, which allows complainants to anonymously and confidentially report suspected activities that may involve criminal conduct or violations. The telephone number in Mexico, facilitated by a third party that is in charge …read more
Source: FULL ARTICLE at DailyFinance
By Business Wirevia The Motley Fool
Filed under: Investing
Grupo Aeroportuario del Pacifico Reports Passenger Traffic Increase of 1.2% for February 2013
GUADALAJARA, Mexico–(BUSINESS WIRE)– Grupo Aeroportuario del Pacifico, S.A.B. de C.V. (NYSE: PAC; BMV: GAP) (“the Company” or “GAP“) announced today preliminary terminal passenger traffic figures for the month of February 2013 compared to traffic figures for February 2012.
During February 2013, total terminal passengers increased 1.2% compared to the previous year. Domestic passenger traffic increased 2.5%, while international passenger traffic decreased 0.7% compared to February 2012.
It is worth noting that February 2012 had 1 additional day (29 days), representing a difference of 4.8% in terms of additional passengers for the month, as well as a difference of 5.25% in terms of additional passengers on an accumulated basis.
Company Description:
Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (GAP) operates twelve airports throughout Mexico’s Pacific region, including the major cities of Guadalajara and Tijuana, the four tourist destinations of Puerto Vallarta, Los Cabos, La Paz and Manzanillo, and six mid-sized cities: Hermosillo,Guanajuato, Morelia, Aguascalientes, Mexicali and Los Mochis. In March 2006, GAP‘s shares were listed on the New York Stock Exchange under the ticker symbol “PAC” and on the Mexican Stock Exchange under the ticker symbol “GAP“.
This press release may contain forward-looking statements. These statements are statements that are not historical facts, and are based on management’s current view and estimates of future economic circumstances, industry conditions, company performance and financial results. The words “anticipates”, “believes”, “estimates”, “expects”, “plans” and similar expressions, as they relate to the company, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations and the factors or trends affecting financial condition, liquidity or results of operations are examples of forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, trends or results will actually occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations.
In accordance with Section 806 of the Sarbanes-Oxley Act of 2002 and article 42 of the “Ley del Mercado de Valores”, GAP has implemented a “whistleblower” program, which allows complainants to anonymously and confidentially …read more
Source: FULL ARTICLE at DailyFinance
Bolivian President Evo Morales says he’s nationalizing a Spanish-owned venture that runs the country’s three main airports and is ordering the military to make sure the facilities stay operating.
Morales’ move Monday is the latest in a series of nationalizations he has ordered of mostly Spanish investments in what he considers public utilities.
The affected company, SABSA, runs the airports in the cities of La Paz, Santa Cruz and Cochabamba.
It is a joint venture between Barcelona-based Abertis Infrastructuras SA and AENA, Spain‘s airport authority.
The move annulled a 1996 contract that was set to expire in 2015. Morales said Abertis-AENA didn’t make promised investments.
In January, his government took over a subsidiary of the Spanish-owned electrical grid company Iberdrola.
Spain‘s government has issued a statement deploring the takeover.
Civil defense authorities in Bolivia say heavy rains have claimed at least 23 lives in recent days.
They say nearly 10,000 families across much of the Andean country have been affected by dangerous, rain-swollen rivers.
Civil Defense Vice Minister Oscar Cabrera said Thursday that the dead include four members of the same family — two women and two children — killed last weekend in the southern region of Chuquisaca when a river overspilled its banks. On Monday, another person died when a bridge collapsed over a swollen river south of La Paz. The other 18 people died last week in various parts of the country.
Cabrera says President Evo Morales‘ government is studying the possibility of declaring an emergency, and that the leader will deliver a report on Friday.
