free webpage hit counter
Del Rey
A.M. Costa Rica
Your daily English-language news source Monday through Friday

Weather ear
Cocal for Jan. 20
    retirement
Del Rey 220
(506) 2223-1327                        Published Tuesday, Feb. 10, 2015, in Vol. 15, No. 28                              Email us
Sports
Calendar
Opinion
Classifieds
Real Estate
Lifestyle
Food
About us
Rock construction

;ale Arenal



The sanatorium Durán is considered part of the country's cultural and architectural heritage.

Sanitorio Duréas
Centro de Investigación y Conservación del Patrimonio Cultura photo
This new tourism draw features a ghostly myth
By the A.M. Costa Rica staff

At the turn of the 20th century there were many more ways to become ill and die.

In Costa Rica and the rest of the western world, a big killer was tuberculosis. This bacterial infection of the lungs was widespread, particularly in areas of poverty where malnourished individuals lived in close quarters.

TB, as it is known, still is a killer, but there is effective antibiotic treatment in modern nations.

The situation that faced Costa Rican physician and one-time president Carlos Durán Cartín was complicated because his daughter also suffered from the disease. The treatment then was prolonged rest in clean air.

So after spending time at famous sanatoriums elsewhere, the doctor founded in 1915 the first such facility in Central America. The site is north of Cartago and

within sight of the Volcán Irazú. There were 300 beds.

Modern medicine caught up with the facility in the early 1970s, and it was closed.

The sanatorium that now bears the doctor's name is considered a national heritage site and restoration will begin this year. Cartago lawmakers hope the refurbished complex becomes a tourism draw.

That there are claims of a ghostly presence certainly will not hurt tourism. Roman Catholic medical sisters made up much of the facility's staff, and the local myths say that one still is there, patrolling the third floor. There even was a Costa Rican movie, similar to the "Blair Witch Project,"  called "El Sanatorio." Actors played the parts of student filmmakers doing a documentary on the complex with predictable paranormal activity.

Restoration will be under the eye of the Centro de Investigación y Conservación del Patrimonio Cultura.


Victim recovered from 3-hour express kidnapping
By the A.M. Costa Rica staff

The manager of a shoe store in the capital became the latest victim of an express kidnapping Sunday.

The man was abducted about 6 p.m. while walking with other individuals. He was hustled into a vehicle.

The victim later told investigators that he was taken to various points in San José and
 then to Cartago in an effort to collect money from his family.

The abductors sought a mere 100,000 colons, less than $200, from the man's family. But they also asked for $3 million colons, about $5,640, from the owners of the shoe store.

Investigators caught up with the vehicle about 9 p.m. in Ochomogo and found the store manager and two suspects inside.

Dental Vac 
Family home
altos

Today's
colon
exchange rate
HERE!
Search 
our site
Subscribe
to our  daily digest
Real estate
ads
Classified 
ads
Contact
us
Tourism and services Display
ad info
Classified
ad info

Airline
flights

Colonial


Geat Sunrise
Triamigo

Sportmen
Residency

rss graphic
Twitter link
facebook logo

Have you seen our crossword puzzle?

HERE!





Prisma

association of residents

What we published this week: Monday Tuesday Wednesday Thursday Friday Earlier
Sports
Calendar
Opinion
Classifieds
Real Estate
Lifestyle
Food
About us
The contents of this Web site are copyrighted by Consultantes Río Colorado S.A. 2015 and may not be reproduced anywhere without permission.
Abstracts and fair use are permitted.  Check HERE for more details





A.M. Costa Rica's
 
Second news page


San José, Costa Rica, Tuesday, Feb. 10, 2015, Vol. 15, No. 28

Sports
Calendar
Opinion
Classifieds
Real Estate
Lifestyle
Food
About us



DelRey 300
Professional Directory
A.M. Costa Rica's professional directory is where business people who wish to reach the English-speaking community may invite responses. If you are interested in being represented here, please contact the editor.

Insurance professionals

Mr. Donato
Lidio J. Donato
Lidio J. Donato Calderón
Insurance Agent
Code # 110-888
Experience since 1980

Insurance for: Vehicles, fire, medical expenses, workplace hazards,  machinery, properties and natural disasters. Visit and we handle all the  paperwork for your insurance.
Let me give you advice. Please contact me at :
Phone ( 506 ) : 2226-9919
   Cell ( 506 ) :  8384-7597
e-mail : ljdonato@racsa.co.cr
Address : Bo. Córdoba, San José,
next to Supermarket Pali.
8590-3/3/15

Residency experts

Residency in Costa Rica
A full service immigration agency
U.S. and San José offices
Getting and authenticating documents can be a chore. —

We know how to do it. Experienced with many nationalities. Up-to-date on
Costa Rica's evolving immigration law.

Pensionado and rentista. Your first stop for smooth, professional service and a positive experience. Javier Zavaleta javier@residencyincostarica.com
www.residencyincostarica.com
Tel: (323) 255-6116
8512-3/15/15

 Accountants

U.S. Tax International
Plus Costa Rican taxes, accounting, and legal
 services. Over 15 years in Costa Rica

U.S. Tax rollover
(English spoken). Tamarindo office hours now available.  If you or anyone you know would like an appointment in Tamarindo, please call our San José office at 2288-2201 to make an appointment.
Contact Us:
 U.S 786-206-9473         CR 506-2288-2001
FAX: 506 2231-3300
E-mail: ustax@lawyer.com
Web page: www.ustaxinternational.com
8476-3/11/15

James Brohl, C.P.A. & M.B.A.
US Income Tax,  US GAAP Accounting
& Business Consulting

Uncle
Sam's
• US Tax return preparation  for
individuals and businesses
• eFile returns: secure with faster refunds
• Assist with back reporting and other filing issues
• Take advantage of the Foreign
Income Tax Exclusion (up to $
99,200 in 2014}
• Business Consulting to facilitate working in Costa Rica
• Accounting for US and International Financial Reporting

Telephone 8305-3149 or 2256-8620
E-mail jrtb_1999@yahoo.com
8719-4/3/15


Legal services

Real Estate Closing Services
Lic Matta

Lic. Pablo Mata Ferreto, MBA.

Legal – Financial Adviser

Real Estate and Business Transactions

Avoid Real Estate scams, get independent advice and have due diligence performed before signing or making a deposit.

Phone number: (506) 8853-0000
Email: jpmata2000@gmail.com
8587-3/8/15


Dentistry

Marco Cavallini & Associates
Dental Implants and Crowns

Dr. Marco A. Muñoz Cavallini has placed and
DR. Cavallini
Dr. Marco A. MuÏoz Cavallini
restored over 17,000 dental implants since 1980. The Dr. Marco Muñoz Cavallini Dental Clinic, is recognized as one of the best practices in Dental Reconstruction, Dental Implant placement and Cosmetic Dentistry in Costa Rica and the World. For more information, visit us today at: marcomunozcavallini.com
8365-5/12/15


Remodelling and Construction


Real estate agents and services
CENTURY 21 JACÓ BEACH REALTY
Century 21

A Name You Trust, Professionalism You Deserve
Tom Ghormley and the dream team!
Owner/Broker
in CR since 1979

Buying? Selling? Renting?
We Can Do It!
Let us help you live your dreams!
Beachfront, Views, Mountains,
Beaches, Houses, Condos,
Hotels, Restaurants, Projects,
Commercial, Investments and more

 Century 21 Jacó Beach Realty
Playa Jacó, Puntarenas, Costa Rica
U. S. A. phone numbers:  (213) 283-5168 
or Toll Free: (877) 746-3868
Costa Rica phone number: (506) 2643-3356
Email: info@c21jaco.com
Web: www.c21jaco.com
8569-1/14/16

CR Beach
Jaco Beach Central Pacific Real Estate
CALLING ALL FORMER SURF BUNNIES!
Lovely Playa Hermosa-Jaco is THE place to leisurely stroll, at sunset with a sunrise in hand; or for morning meditative moments on soft private sand.

Yes our Hermosa Beach might be the place for you to also wax poetic and at the best “titled beachfront” 
Fisher
Jeff  Fisher
pricing in many years! CR Beach Investment Real Estate Broker & INT’L NAR certified Realtor Jeff Fisher invites you to see why the time is NOW to buy at prices way below original costs.
#1: SJO Int’l Airport & S.J. suburbs are little more than one hour away.
#2: The Jacó area has everything you need, from KFC to Gourmet Organic; from zip lines to bank lines, from a movie house to a fire sale house.
#3: BUYERS’ MARKET: Many properties are at their lowest price ever
       *$280,000 Hermosa PALMS Beachfront Community w/Ocean Views !
   JACO AREA FIRE SALES & SUPER DISCOUNTS
Yes we know Costa Rica: Jeff (21 years here), Frances Winborne (23 years), and Junior Diaz (Jacó born & bred),  and we chose the Central Pacific! Member of the N.A.R., the Costa Rican Real Estate Board CRGAR and the Central Pacific Chamber of Commerce.
SIGN UP FOR OUR MONTHLY NEWSLETTER:

www.CRbeach.com    info@crbeach.com
Toll Free: 1-888-782-1119 or  2643-4334, 2643-3672
JACO Office: IL Galeone Center by BAC, #14, Costa Rica
 8581-4/5/15

exo graphic
with text
   • Specialized in the Central and South Pacific.
   • Great network of realtors, to find your dream
          property
   • Homes, condominium & luxury homes
   • Eco lodges and Hotels
   • Green properties and waterfalls
   • Farms and developments
   • Sustainable and green living communities.
   • Property management in the Jac¢ area

www.ecorealtorscr.com    info@ecorealtorscr.com
Telephone: +506 2643-4065   
cell: +506 8825-6556   US:  626 548-3909
skype: ecorealtorscr  Facebook: ecorealtorscr
In front of Subway at Plaza Herradura, Jacó
Green NAR designee, member of the CCBR, CRGAR
8517-4/13/15

Jim Day, representing Colinas del Sol
del Pacifico, S.A.

Colinas

* Colinas del Sol is a fenced and gated project  in a quiet area.
* There are 88 clear titled lots.
* Mountain areas with great views.
* Gently sloping level areas ideal for hobby farms, gardening, fruit tree orchards.
* Quiet place to get away from the busy city and beach crowds.
* All lots have gravel roads to them, water and electricity at each.
* Lots are 5,000 sq. meters or larger, starting at only $39,000 USD , and many can be combined for those wanting a larger area for their chosen passion, be it a hobby horse farm or retirement haven.
* Located in Libertad, Guanacaste, Northwest Pacific area of Costa Rica.
* Electricity and water to each of 79 clear-titled lots.
* 20 minutes to the Liberia International Airport
* 15 minutes to the Pacific Beaches
* 10 minutes to Medical Facilities
* 25 minutes to the Liberia Hospital
* 5 minutes to Papagayo  Golf & Country Club
Contact Jim Day
Email:  JimDay50@aol.com 
or Phone:  001 517 484-3675.
Click Here: www.colinasdelsolcr.com
8596-8/27/15


newspaper flag
choipper
Ministerio de Seguridad Pública photo       
Chopper approaches Paseo Colón landing spot.

Chopper delivers girl to hospital's door

By  the A.M. Costa Rica staff

Monday was supposed to be the first day of school for a 7-year-old San Ramón girl.

After experiencing chest pains, the girl collapsed in what best can be described as a heart attack. There was no pulse and no respiration.

The girl was revived but in critical condition, and she was in too fragile a state to make an ambulance trip to the Hospital Nacional de Niños where the best treatment was available.

The security ministry's Dirección del Servicio de Vigilancia Aérea took up the challenge and airlifted the girl right to the street in front of the hospital. To have done otherwise would have subjected her to another bumpy ambulance ride.

Officials cleared the street about 9:30 a.m. The landing in Paseo Colón is unusual but not unprecedented. One or two critical cases a year come to the hospital that way.

Other facilities, like Hospital México, has their own helicopter pads.

At last report the girl still was in very critical condition at the hospital.


U.S. firm says product defeats coffee rust

By the A.M. Costa Rica staff

A Tennessee company reports that it has achieved success in eliminating  coffee rust, known as roya de cafe (Hemileia vastatrix).

The firm, GroGenesis, Inc., said it conducted a field trial in Guatemala.

The rust resists many fungicides.

The primary field test was undertaken at a large farm located in the department of Santa Rosa, just southeast of Guatemala City and which forms an integral component of a major commercial coffee growing operation, the company said in a release. A single application of the GroGenesis product was manually sprayed across a predefined area, and the field team
documented visible degradation of the fungal infestation within 24 hours.

Initial skepticism was encountered due to previously unacceptable long-term results from a variety of typical commercial fungicides containing toxic salts (e.g. copper and arsenic) which eventually poison the soil itself, said the company. The fact that the GroGenesis product was shown to be highly effective, non-toxic and suitable for both organic and non-organic growers, increased the level of enthusiasm for the product dramatically, it added.

The current outbreak of coffee rust is the worst seen in Central America and Mexico since the fungal disease arrived in the region more than 40 years ago. Guatemala, Honduras and Costa Rica have declared national emergencies over the disease.

The rust mainly infects coffee leaves, but also young fruit and buds. Coffee rust spores are spread by the wind and the rain from lesions on the underside of leaves. Production is cut drastically.


City hotel ravaged by Sunday fire

By the A.M. Costa Rica staff

A criminal investigation has been launched into a blaze that swept a low-budget city hotel Sunday night.

The hotel, the Principal, sustained extensive damage. It is located at Avenida 3 and Calle 10.

Fire fighters said that some 880 square meters were destroyed including 47 rooms, the reception area and a storage area. That is nearly 8,500 square feet. A pool area was damaged somewhat, said the Cuerpo de Bomberos.

Fire investigators said the source of the blaze was in one of the guest rooms. They called in the Judicial Investigating Organization. However, there have been no arrests because investigators said they lacked sufficient proof.


Police recover phone of Canadian tourist

By the A.M. Costa Rica staff

A band of young robbers has been working the Liberia area, and police have been following them. That is why officers were able to detain two suspects moments after a female Canadian tourist became a victim Sunday afternoon, said the Fuerza Pública.

The suspects are a 14 year old and an adult, said officers.

The woman lost a smartphone, but police were able to recover it almost immediately, they said.

Meanwhile, the Fuerza Pública in Nicoya said officers there were alerted to a possible stickup in the beach community of Sámara and managed to stop a car that contained three men who have histories of stickups.

The men were stopped at a roadblock leaving Sámara where it appears merchants managed to frustrate a stickup. One said he was held at gunpoint.


Have you seen these stories?
From A.M. Costa Rica













Top story news feeds are disabled on archived pages.














 
From our retirement guide











Retirement tips nes feeds are disabled on archived pages.
















Happy Birthday

Del Rey

Sports
Calendar
Opinion
Classifieds
Real Estate
Lifestyle
Food
About us
What we published this week: Monday Tuesday Wednesday Thursday Friday Earlier
The contents of this Web site are copyrighted by Consultantes R­o Colorado S.A 2015 and may not be reproduced anywhere without permission. 
Abstracts and fair use are permitted.  Check HERE for details





A.M. Costa Rica

Third News Page
U.S. Tax new ad
San José, Costa Rica, Tuesday, Feb. 10, 2015, Vol. 15, No. 28
Sports
Calendar
Opinion
Classifieds
Real Estate
Lifestyle
Food
About us
 
Coral snake's unusual venom may give helpful medical clues
By the Johns Hopkins Medicine news staff
 
The reason for the lethality of venom from the rare, reclusive Costa Rican coral snake has been a mystery. An international 12-year project revealed that the two main toxins in the venom target certain receptors on nerve cells in the brain and spinal cord of mammals.

The toxins may help reveal how flaws in these receptors cause epilepsy, schizophrenia and chronic pain.

For more than a decade, a vial of rare snake venom refused to give up its secret formula for lethality. Its toxins had no effect on the proteins that most venoms target. Finally, an international team of researchers figured out its recipe: a toxin that permanently activates a crucial type of nerve cell protein and causes deadly seizures in prey. The details will be published online in the Proceedings of the National Academy of Sciences this week.

“What we found are the first known animal toxins, and by far the most potent compounds, to target GABA(A) receptors,” says Frank Bosmans, assistant professor of physiology and neuroscience at the Johns Hopkins University School of Medicine. “Once they bind to the receptors, they don’t let go.”

Biochemical studies revealed the identity of the venom’s active ingredient: it’s actually twin proteins, dubbed micrurotoxins (MmTX) after their serpentine source, the reclusive coral snake Micrurus mipartitus. Most toxins in snake venoms target specialized nicotinic acetylcholine receptors on the surface of nerve cells that make muscles contract, paralyzing the snakes’ victims. But when the researchers tested MmTX on lab-grown cells saturated with nicotinic acetylcholine receptors, nothing happened. This was puzzling because, in mice, MmTX was known to cause a repeating pattern of relaxation and seizures, similar to what’s seen in epilepsy.

By tagging the protein with a radioactive label, the team at Aix Marseille University was able to find out what protein it acted on. To the team’s surprise, MmTX binds to GABA(A) receptors — pores on nerve cells in the brain and spinal cord. GABA(A) receptors’ job is to respond to the molecule GABA by opening to let negatively charged chloride ions flow into a nerve cell that has just fired. Doing so resets the cell’s equilibrium so that it can fire another signal when needed.

snake
Johns Hopkins Medicine/Alejandro Solórzano
The rare coral snake Micrurus mipartitus


Further testing showed that MmTX binds to GABA(A) receptors more tightly than any other compound known —  100 times tighter than the plant-derived compound PTX, for example. MmTX also binds to a unique site on the GABA(A)
receptor protein. Binding at that site changes the receptor’s shape, making it far too sensitive to GABA molecules.

When GABA binds, the receptor’s pore opens permanently and the nerve cell is never able to reset, causing it to misfire, convulsing the animal and potentially causing death.

“Anti-anxiety medications like diazepam and alprazolam bind to GABA(A) receptors too, but they cause relaxation instead of seizures because they bind much more loosely,” says Bosmans.

His team plans to use MmTX as a tool for learning more about how GABA(A) receptors work. Since errors in the receptors can cause epilepsy, schizophrenia and chronic pain, the team hopes that their future work will be able to shed light on these and other disorders.

Other authors of the report include José María Gutiérrez of the Universidad de Costa Rica.



Symphony orchestra plans a year of 81 concerts to mark anniversary
By the A.M. Costa Rica staff

The Orquesta Sinfónica Nacional plans to mark its 75th anniversary with an incredible 81 concerts, including the  24 concerts of the traditional season that begins Feb. 27.

The orchestra plans to present concerts in seven provinces.

The orchestra will play in Cartago in March, in Alajuela in April, in the southern zone in May, in Limón and Heredia in June and in Guanacaste in August.

The orchestra is trying to change its image based on a proposal by Garnier BBDO to show it is not just a San José organization.

You need to see Costa Rican tourism information HERE!

Del Rey nighlife

Sports
Calendar
Opinion
Classifieds
Real Estate
Lifestyle
Food
About us
What we published this week: Monday Tuesday Wednesday Thursday Friday Earlier
The contents of this Web site are copyrighted by Consultantes Río Colorado S.A. 2015 and may not be reproduced anywhere without permission. 
Abstracts and fair use are permitted.  Check HERE for details



Fish Fabulous Costa Rica
Del Rey340x218
A.M. Costa Rica's Fourth News page
San José, Costa Rica, Tuesday, Feb. 10, 2015, Vol. 15, No. 28
Sports
Calendar
Opinion
Classifieds
Real Estate
Lifestyle
Food
About us

Ice cores yield evidence of early Spanish air pollution from mining
By The Ohio State University news staff

In the 16th century, during its conquest of South America, the Spanish Empire forced countless Incas to work extracting silver from the mountaintop mines of Potosí, in what is now Bolivia, then the largest source of silver in the world. The Inca already knew how to refine silver, but in 1572 the Spanish introduced a new technology that boosted production many times over and sent thick clouds of lead dust rising over the Andes for the first time in history.

Winds carried some of that pollution 500 miles northwest into Perú, where tiny remnants of it settled on the Quelccaya Ice Cap.

There it stayed, buried under hundreds of years of snow and ice, until researchers from The Ohio State University found it in 2003.

In the early online edition of the Proceedings of the National Academy of Sciences, they report discovery of a layer within a Quelccaya ice core that dates to the Spanish conquest of the Inca, contains bits of lead and bears the chemical signature of the silver mines of Potosí.

The core provides the first detailed record of widespread human-produced air pollution in South America from before the industrial revolution, and makes Quelccaya one of only a few select sites on the planet where the pre-industrial human impact on air quality can be studied today.

“This evidence supports the idea that human impact on the environment was widespread even before the industrial revolution,” said Paolo Gabrielli, a research scientist at the Byrd Polar and Climate Research Center at Ohio State and corresponding author of the study.

Lonnie Thompson, professor of earth sciences at Ohio State and co-author of the study, called the find “another keyhole into the past of human activity in that part of the world,” and suggested that further investigation could better understand pollution circulating in the atmosphere today.

Previously, Thompson has called the Quelccaya ice cores a rosetta stone for gauging Earth’s climate history. The samples were cut from ice that formed over 1,200 years as snow settled on the Peruvian Andes. Layer by layer, the ice captured chemicals from the air and precipitation during wet and dry seasons for all those years. Today, researchers analyze the chemistry of different layers to measure historical changes in climate.

For this study, the researchers used a mass spectrometer to measure the amount and type of chemicals present in the ice dating back to 800 AD. They looked for antimony, arsenic, bismuth, molybdenum and especially lead. That’s because the refining process that the Spanish introduced to South America involved grinding silver ore, which contains much more lead than silver, into powder before mixing it with mercury in a process called amalgamation. So atmospheric pollution from silver production would chiefly contain traces of lead particulates.

The mass spectrometer revealed some spikes in the concentrations of these elements in the years before Spanish rule, but those layers all likely coincide with natural contamination sources, such as volcanic eruptions. Starting just before 1600, however, the Quelccaya ice began capturing much larger quantities of these elements, and the high amounts persisted until the early 1800s, when South American countries declared independence from Spain.

To pin down where the pollution came from, the researchers compared their data with those from a peat bog in Tierra del Fuego, Chile, and from sedimentary lake records from regions including Potosí and other mines throughout Bolivia and Peru. These latter sites would have captured the pollution generated in their local area during that time.

The chemical signatures in the Quelccaya ice meshed with
north dome
The Ohio State University/Paolo Gabrielli
The north dome of the Quelccaya Ice Cap in Perú in 2003.

what researchers knew from written records: most of the pollution likely came from Potosí, where the Spanish produced the vast majority of silver. Other mines throughout the region contributed to the Quelccaya pollution to a lesser extent.

Even in their highest concentrations, the elements entrapped in the ice are not visible to the naked eye and can be detected only through chemical analyses, Gabrielli explained. The section of core containing them has the translucent white appearance of perfectly clean ice.

“The fact that we can detect pollution in ice from a pristine high altitude location is indicative of the continental significance of this deposition,” Gabrielli added. “Only a significant source of pollution could travel so far, and affect the chemistry of the snow on a remote place like Quelccaya.”

The spread of human-made pollution across vast distances has become common since the industrial revolution of the late 18th century. Greenland received substantial amounts of airborne lead pollution from Europe and the United States until the 1970s, when national policies began requiring producers to change the formulation of gasoline. And some of the pollution currently troubling North American skies has been traced back to Asia, which is experiencing its own industrial boom right now.

A question in the scientific community is whether much earlier activity should be included in measures of human environmental impact. For example, ice cores in Greenland contain traces of lead from as far back as the 5th century BC, which were sent airborne by smelting in the ancient Greek and Roman civilizations. This latest ice core from Quelccaya shows that humans generated substantial pollution in the 16th century. Still, the 20th century produced more pollution than any other time in human history.

International geological governing bodies are currently considering whether to officially call the current epoch the Anthropocene, or “Age of Humans,” to designate the span of time that humans have been changing the environment. Gabrielli, Thompson and their colleagues hope that the Quelccaya core will provide data for that debate.

In the meantime, they are turning their attention to a core that Thompson’s team drew from the Dasuopu Glacier in southwest China. It is the highest-altitude ice core ever retrieved, and it contains some 8,000 years of climate history. Some of that new trace element record, they hope, will tell new and powerful stories of ancient human activity.


Vacation, travel and hospitality


Howard book
Want to live in Costa Rica?
Read this book!


1,000s have benefited from 17 editions
with its insider information
and time-tested tips
700 carefully researched pages  

Written by Christopher Howard,
Costa Rica's #1 retirement expert
with 35 years experience helping people.
Click HERE!
8577-2/15/15

PRIMO'S SUEŇO CABINAS
La Fortuna
Comfort of your home in the campo, 5 minutes from Fortuna Centro of San Carlos, in the shadow of Volcano Arenal, Flat screen TV, AC, refrigerator, free coffee. Local area activities like four-wheeling, horse riding, zip lining, hot springs, jungle walking tours. Bring your camera for great photos of nature, fishing and swimming, canyoning and wireless internet. Harry Hart, proprietor.  Call for reservations  (506) 2479-8670   and (506) 8682-9219  Email: lagringo2003@yahoo.com
8492-4/1/15

Howard
rollover
Will Costa Rica Retirement Work For You?
Find out for yourself on Live In Costa Rica Tours

When you visit Costa Rica, you'll want to discover what you need to know to  make the right choice about moving to this tropical paradise.  Our familiarization tours have won hard-earned credentials that prove general excellence and the right focus.  These are the only retirement tours that are licensed and approved by the Costa Rican government and tourism institute  (ICT). In 2006 we were featured on the NBC Today Show and World News.  In 2010, we won the  prestigious Latin America-Asia Travel Excellence Award for the Best and Most Unique Tour in Latin America.

   * Discover how to make the right choices about moving here
   * Find out how to live affordably
   * See how other expats live. Meet other expats who have made
          the move.
   * Access the country's affordable health care system
   * Informative two-day seminar given by local experts in their
          relevant fields.
   * Tours led by Christopher Howard, 34-year resident, citizen,
          and the author of "The New Golden Door to Retirement
          and  Living in Costa Rica – the Official Guide to Relocation”
 
Click HERE  to learn all about our Association of Residents (ARCR)  approved tours at www.liveincostarica.com
8479-9/11/14

Anywhere
Anywhere Costa Rica plans custom vacations, and has the most comprehensive travel services in the country including travel guides, resorts and vacation homesCosta Rica tours
and car rentals.  
Call 1-888.456.3212 or 2479-8811 locally.
8278-3/14/14


Hidden
Garden
Largest art gallery in Guanacaste
Drop in to see some of Costa Rica's finest art
at the largest gallery in Guanacaste.

The Hidden Garden Art Gallery near the Liberia airport is a great place to find quality remembrances of Costa Rica to take home or to decorate your home or office in Costa Rica.  We also offer commissioned pieces so you can create your own unique masterpiece to cherish forever.  With more than 60 artists on exhibit and fine art in 15 rooms full of paintings, prints, sculptures, and diverse artistic expressions, we are easy to locate just 5 kms west of the Daniel Oduber International Airport. Visit our Web site at
or contact us by email:
HiddenGarden@TheVanStoneGroup.com.   
Gallery hours: Tuesdays-Saturdays, 10 a.m. to 4 p.m. Tel. 2667-0592 / 8386-6872; U.S. telephone 702-953-7073. International shipping available.
Every Saturday - Vendor Fair!
8567-3/15/15

diligence
Click photo for another video

The Relocation/Retirement tour with the
 *HIGHEST SUCCESS RATE
OF RELOCATION*

 (as reported by the moving companies)
Visit many rental options to actually experience the price/amenity options available in more of the areas chosen by Expats for security, comfort, and quality of life.

Meet many Expats who are willing to share their experiences and how the tour has value long after the “lust” wears off.
See how to choose a Retirement tour video by past guest!
http://www.vimeo.com/5656822

Ask the others what you get for your money, and then compare the quality of accommodations, quality, quantity and variety of food and drink to measure the best value for your money. 

Learn how others “talk the talk” and learn who really can “walk the walk”

Please visit my Web site  to contact my references.
George Lundquist, retirement, relocation columnist, Guide & Developer/Builder. lundquistgeorge@gmail.com

8390-10/2/14

Here's reasonable medical care
Costa Rica's world class medical specialists are at your command. Get the top care for much less than U.S. prices. It is really a great way to spend a vacation. See our list of recommended professionals HERE!amcr-prom



Need a book about Costa Rica?


Check out our special selections available at Amazon logo

HERE!

A.M. Costa Rica
Real estate rentals
Real estate rental agents
Real estate for rent
Business
wanted
Real estate wanted

Real estate rental services (paid category)

See our listing of real estate brokers on the for-sale page.

Real estate for rent (paid category)
Two houses for rent inside Sarchí working coffee farm. We will be renting out only one of them, so choose which suits you best.

Casita - Roomy, fully furnished 1 bedroom/1 bath/ 1 guest room, office or storage room. Hi-speed     WiFi, private phone line, hot water, balcony with lovely view across the Central Valley. Includes
Sarchi
linens, dishes, etc and washing machine. Rent is $500 per month plus utilities for 6 months or longer, $625 all inclusive for less than 6 months. Sorry, no pets.

Main house - Spacious 2 bedrooms/1 bath/ and an office w/Wifi. Fully furnished 
(except for TV), Sky satellite, private phone line, washer and dryer, alarm system.  There are lovely verandas with views of Poás and Central Valley, raised beds for gardening and lots of fruit trees. A well-behaved pet MAY be negotiable. Rent is $750 plus utilities for long term tenant.

Our farm is in a small, quiet and very safe neighborhood in Sarchí Sur and is gated and guarded 24/7 and we live on-site. It's totally private and quiet, but less than a 5-minute drive to Sarchí central and 15 minutes to Grecia.  There are great places to walk as well. More info and photos at jogys345@yahoo.com
8580-2/20/15

Maneul Antonio
The vacation homes at Manuel Antonio Estates offers luxury, comfort and peace of mind. We have numerous homes to chose from, all within walking distance of the town’s shops and restaurants and just a few minutes to the best beaches and the famous national park. While the homes are secluded and hidden among the rainforest, the surrounding area offers adventures like zip lines, white water rafting, mangrove kayaking and many more. All of the homes are available for short-term rentals, have easily accessible parking, cable TV, and Internet and are fully furnished. We are happy to assist with all your need for the perfect Costa Rican vacation.
Manuel Antonio Estates        TOLL FREE: 1800 346 9724
011 (506) 2777.3339        www.manuelantonioestates.com

Beautiful 2-bedroom 2-bathroom American-style apartments with an elevator to your front door in a secure building located in Gringo Gulch the American Section of downtown San José. Costa Rica. Located between the Hotel Del Rey, the Hotel Mona Lisa and the Sportsman's Lodge and The Zona Blue (AKA) Little Habana across the street from Harry's Poas Bar, and next to the Holiday Inn.
apartment view
 There are 15 restaurants and American- style bars on this block and four supermarkets within a few blocks. There are 5 casinos within 2 blocks and dozens of hotels around this apartment. Included in your rental price, fast Internet, the best they have in Costa Rica, cable TV with 80 stations, water, washer
 and dryer. All you pay extra for is electricity. You have your own meter and receive a bill from the electric company every month.  This apartment has a American-style hot water system, hot water in both bathrooms and the kitchen. There is a 25-foot balcony to sit on and watch the people in San José walk by. The neighborhood Barrio Amón is the safest in San José For photos and more information contact:  rentnowcr@gmail.com.
8594-3/6/15

Tropical Homes of Costa Rica is offering the best selection of vacation homes, condos and long-term rental homes in Playa Flamingo, Playa Potrero and Playa Brasilito on  the Pacific Gold Coast of Guanacaste. A wide selection of private residencies is providing an excellent choice for your stay in this beautiful part of Costa Rica.
tropical
We are offering homes for every budget and every need.
Please visit our Web page at www.tropicalhomesofcostarica.com or contact us at rentals@tropicalhomesofcostarica.com
or call at (506) 2654-5442.
8592-8/18/15

ALAJUELA – SERENE LIVING
MONTHLY $800 TO $1,200

Villas Casa Loma has everything you are looking for.  Best vistas, climate, value.  Four unique homes in a secure private compound on a ridge near Alajuela overlooking the entire Central Valley.  Two are available fully furnished and equipped, each a complete home accommodating 4 persons in two bedrooms with ensuite baths.  Pool, rancho, mirador, other features.  Ask about part-month rates.  Call Gerry at (506) 2441-8796 or e-mail at gerrybuilt2000@yahoo.com.  See virtual tour of accommodations HERE!
Get to know the real Costa Rica – you may want to live here someday.
8423-9/15/14

HP Cattle rentals
Mountain homes or farm for rent
Barva volcano, Heredia province
We offer for rent a gorgeous two-bedroom mountain chalet and a one-bedroom mountain home located on the slopes of the Barva Volcano, Heredia Province. The homes are situated at 7,300 feet altitude and within a working horse ranch just three kilometers from the Braulio Carrillo National Park entrance. From our homes one can hike to the Barva volcano crater-lake.  Enjoy a spacious living room, kitchen, fireplace and breathtaking views of the Irazú volcano and the Central Valley. Observe dozens of cloud forest bird species to include the resplendent quetzal.  The homes are incomparable in beauty and attention to detail within the Barva highland area.  We are only 35-55 minutes from Costa Rica’s three principal cities (Heredia, Alajuela, and San José), less than two hours from the central Pacific beaches, and three hours from the Caribbean beaches. Enjoy the tranquility of the mountains while maintaining quick access to the conveniences of the city and rapid access to other eco-tourist destinations in Costa Rica. Additionally, we can board your horses at a reasonable fee.  We can also offer our clients rental of a small and fully functional farm complete with stables, pasture, and office space.
Mountain chalet: $750.  Basic mountain home: $400.
Boutique mountain home: One-bedroom $850. Two-bedroom $1,000.
Small Farm that includes a chalet, basic mountain home, stables, and 8,000m2 of pasture/green areas: $1,500.
Contact:  HPCattleCR@aol.com
8425-8/17/14




Sports
Calendar
Opinion
Classifieds
Real Estate
Lifestyle
Food
About us
What we published this week: Monday Tuesday Wednesday Thursday Friday Earlier
The contents of this Web site are copyrighted by Consultantes Río Colorado S.A. 2015 and may not be reproduced anywhere without permission. 
Abstracts and fair use are permitted.  Check HERE for details



A.M. Costa Rica's   Fifth news page
Family home

cat trees
San José, Costa Rica, Tuesday, Feb. 10, 2015, Vol. 15, No. 28
Sports
Calendar
Opinion
Classifieds
Real Estate
Lifestyle
Food
About us

Altos

Marine missing years ago
facing trial for desertion


By the A.M. Costa Rica wire services

The court-martial has begun for a U.S. Marine who vanished in Iraq a decade ago and then wound up in Lebanon.

Cpl. Wassef Hassoun's desertion trial started Monday at Camp Lejeune in the eastern state of North Carolina.

Defense attorneys maintain Hassoun was kidnapped in 2004 by insurgents and later became tangled up in Lebanese courts.  But prosecutors allege Hassoun fled his post because he was unhappy with his deployment and how U.S. troops treated Iraqis.

Opening statements were expected to begin today before the military judge at Camp Lejeune.

Hassoun's case began in June 2004, when he disappeared from a base in Fallujah, Iraq. Days later, he appeared blindfolded and with a sword poised above his head in an image purportedly taken by insurgents. An extremist group claimed to be holding him captive.
 
Not long after that, Hassoun turned up unharmed at the U.S. Embassy in Beirut, Lebanon, saying he'd been kidnapped.

Hassoun is a 35-year-old native of Lebanon and a naturalized American citizen.  Prosecutors said he faces a maximum sentence of 27 years in prison if convicted of all charges.


Another bout of winter
rolls into U.S. Northeast


By the A.M. Costa Rica wire services

The Northeast United States was being hit Monday with the third major snowstorm in two weeks.

The National Weather Service issued winter storm warnings from central New York State through northern Connecticut, Massachusetts and southern New Hampshire.

In Boston, in the East Coast state of Massachusetts, residents woke up to as much as a foot of new snow.

As of Monday, Boston had received about 1.7 meters (66 inches) of snow this winter, the vast majority in the past two weeks. City officials said snowfall levels put the winter of 2015 on pace to stand among the 10 snowiest recorded winters in Boston's history.

Wintry conditions led to 1,500 flight cancellations around the U.S. Monday.

Massachusetts Gov. Charlie Baker asked residents of the state to avoid traveling, and many schools and government offices were closed.

The storm also delayed proceedings in two major criminal trials.

Jury selection for the upcoming trial of accused Boston Marathon bomber Dzhokhar Tsarnaev was canceled for Monday and the murder trial of former New England Patriots star Aaron Hernandez was suspended for the day.


Major USAID contractor
facing management probe

By the A.M. Costa Rica wire services

One of its biggest contractors tied to the U.S. Agency for International Development faces increasing troubles amid allegations of mismanagement and impropriety.

USAID last month suspended its association with International Relief and Development and the action means the group will not be given any new USAID contracts.

The suspension came after years of reports questioning International Relief’s performance and cost claims. In 2012, then-deputy USAID inspector general Michael Carroll testified before a congressional committee on International Relief's shortcomings in Iraq.

“Auditors determined that projects completed under the program did not target identified, prioritized needs of Iraqi communities,” he said. “Of the 146 completed projects we surveyed, 34 percent did not match any needs identified by the corresponding community, and an additional 31 percent did not match the needs communities identified as top priorities,” said Carroll.

Investigations turned up other questionable items involving International Relief and its contracts.

In an October 2014 audit by the Special Inspector General for Afghanistan Reconstruction John Sopko “identified 14 material weaknesses and significant deficiencies in internal controls and 12 instances of material noncompliance with the cooperative agreement terms.”

Sopko’s report also said an outside auditor, Crowe Horwath, identified $1.8 million in questionable costs.

The Washington area aid group has received more than $2.4 billion in contracts and cooperative agreements through USAID since 2007.

Last July, Sopko raised another issue with International Relief: Its confidentiality agreements signed by departing employees. Sopko wrote International Relief that “I remain concerned that IRD is acting improperly to limit the rights of potential whistleblowers to report instances of waste, fraud, and abuse.”

The latest USAID inspector general’s report, covering April to September 2014, cited the February 2014 distribution of $12.2 million in drugs and medical supplies to seven Afghan Ministry of public health hospitals. The report says that in reality, orders were given that the aid should be distributed to non-government community health clinics.

International Relief and Development was created in 1998 by Arthur B. Keys and his wife, Jasna Basaric-Keys. The group’s Web site describes International Relief as “a nonprofit humanitarian and development organization.”

While International Relief enjoys the tax breaks allowed for non-profit organization, the firm has been profitable to Arthur and Jasna Keys, according to The Washington Post. The newspaper reported that between 2007 and 2013, IRD’s revenue was slightly more than $3 billion with just over three quarters of that coming from USAID.

The Post also reported that from 2008 to 2012, the Keys were paid more than $5.9 million. During the same period, their daughter, and a brother of Jasna Keys received $1.3 million. In 2013, a new management team and board decided to reduce the Keys’ compensation and the couple reportedly gave back some $1.7 million. The Keys retired from International Relief in 2014.

International Relief did not respond to requests for comment. But in a statement last month, International Relief said it “is cooperating fully with USAID, remains in close and continuous dialogue with the agency regarding these issues, and is committed to addressing them comprehensively.”

International Relief’s Chief Executive Officer, Roger Ervin, said in that statement “it is clear from the suspension notice that USAID has determined that much more remains to be done in certain areas. We are working on a response to USAID that will directly address the agency’s concerns, and re-establish confidence that federal taxpayer funds are being prudently managed by IRD to accomplish USAID’s critical missions.”

Meanwhile, USAID continues to probe the contractor.

“Depending on the results of USAID’s ongoing review of IRD’s document submissions and management controls, and, if further information is obtained by the Agency (USAID) as the result of the OIG’s investigation, the suspension could lead to debarment,” a senior USAID official said.


U.N. study says girls face
education barriers, attacks

By the A.M. Costa Rica wire services

A new study finds millions of girls in at least 70 countries are subjected to widespread attacks that are occurring with increasing regularity to prevent them from receiving an education.  The report by the U. N. Human Rights Office finds schools and infrastructure in 24 of these countries also are used for military purposes. 

While celebrating the achievements of the past two decades in ensuring that millions of girls around the world have access to education, the study also highlights the current grim state of girls’ education.

U.N. statistics show about 65 million children do not attend school, particularly in countries of sub-Saharan Africa, Oceania and West Asia.  The report documents many cases between 2009 and 2014 of physical attacks against girls, parents and teachers advocating for gender equality in education.

Some of the attacks cited have made headlines and shocked people by their cruelty.  These include the killing in December 2014 of more than 100 children by the Taliban at an army school in Pakistan, the abduction of nearly 300 schoolgirls by Boko Haram in Nigeria in April 2014 and the 2012 shooting of the young Nobel Peace Laureate, Malala Yousafzai, by members of the Taliban in Pakistan.

The chief of the Women’s Human Rights and Gender Section at the U.N. Human Rights Office, Veronica Birga, says many other alarming attacks against girls never make the headlines.  For instance, she cites cases of acid attacks and poisoning by the Taliban in Pakistan and Afghanistan.

“A number of girls were abducted from a Christian school in India and raped in 2013.  In Somalia, girls have been forcibly removed from school to become so-called wives of Al-Shabab fighters.  And, in countries such as Mali, Sudan, Iraq, Afghanistan and Pakistan, very strict dress codes have been imposed through the use of violence including sexual violence on schoolgirls," said Ms. Birga.

The report notes attacks on girls do not take place only in countries in conflict.  They also occur in situations of high criminality or political instability, which is the case in a number of countries of Central America.

It says girls are attacked by those who are opposed to their education as a means of social change. They believe education is wasted on girls whose role is to remain at home.  It says the common cause of all these attacks is discrimination.

Ms. Birga says girls who are prevented from going to school are extremely vulnerable to exploitation and abuse.

“They are more exposed to child and forced marriages.  They are more exposed to trafficking.  They are more exposed to worst forms of child labor.  And, more in general, a girl that is not educated will face consequences throughout her life.  A girl or a woman who is not educated is less likely to be aware of her rights and less likely to be able to claim them," she said.

The report urges governments to make the perpetrators of attacks against schoolgirls, their parents and teachers accountable for their actions.  It says the message that violence against girls is acceptable is reinforced when attacks are met with impunity.


Ex-Guantanamo inmate
has encounter with drone


By the A.M. Costa Rica wire services

A drone-fired missile killed an influential Afghan militant in southern Helmand province Monday, local officials said.

Former Guantanamo Bay detainee Mullah Abdul Rauf was killed, along with five others, while traveling in a car in Eland province, the police chief said. He did not provide additional information.

Afghanistan's main intelligence agency said in a statement Rauf was in charge of Islamic State militants in the violence-plagued province in southwestern Afghanistan and he was killed just after midday in an operation carried out by Afghan forces.

Rauf, who had been influential in Afghanistan's jihadi movement for well over a decade, is suspected of having recently defected from the Taliban to the Islamic State group and was helping recruit for them, local officials and media reported.

The United States operates drones over Afghanistan and neighboring Pakistan. U.S.-led forces in Afghanistan did not immediately respond to requests for comment.

The Islamic State group, which controls a third of Syria and Iraq, has a small but growing presence in parts of Afghanistan, officials and tribal sources said last month.


Indian suspect seeking
to raise $1.6 billion bail

By the A.M. Costa Rica wire services

An Indian businessman jailed for failing to repay investors in an illegal bond scheme is scrambling to raise a whopping $1.6 billion bail. Many questions swirl around the scheme that first fueled his meteoric rise and then brought his fortunes tumbling down.
 
Just a year ago, the flamboyant Subrata Roy, 66, lived on a sprawling 300-acre estate in the northern Lucknow city and ran a business empire that included real estate, hotels, television channels, and a Formula One racing team. As the head of Sahara Group, Roy hobnobbed with top politicians and Bollywood stars.
 
But since last March, Roy has been an inmate of New Delhi’s sprawling Tihar jail, while he has been trying to negotiate deals to raise the massive amount he needs to walk out on bail.
 
He was imprisoned for failing to repay millions of small investors from whom he claimed to have gathered billions of dollars to fund his Sahara conglomerate. The bond scheme has been ruled illegal.
 
The bail is the largest ever set by an Indian court.
 
Roy is hoping to raise the cash from two prized hotels his group owns: Grosvenor House in London and the New York Plaza. But the going is not easy. A recent bid to clinch a deal with a U.S.-based capital group headed by an Indian is mired in controversy.
 
“Essentially this is an order against him saying that you guys need to refund this money to the investors... so it is not exactly a condition of bail but more a kind of concept of “you have not been in compliance with our order, and therefore we will hold you till you comply with the order,” Sandeep Parekh, the head of Mumbai-based financial sector law firm, Finsec Law Advisors said, explaining the rationale behind the massive bail order.

Securities analyst Prithvi Haldea of Prime Database in New Delhi said the bail is linked to the size of the alleged scam.  “This is really mammoth, and we have seen that Mr. Roy despite all his professed wealth has not been able to cough up this amount in almost now a year. Several attempts to put together the money have failed,” he said.

At the heart of Roy’s fall from grace is the $4 billion- bond scheme, which helped him grow his business from scratch.
 
Roy said he raised the mammoth sum through regular deposits of as little as 30 cents a day from poor, daily-wage workers like rickshaw pullers and laborers in small towns and villages who have no access to banking. The money he said was paid back when they needed it — to fund a marriage or a medical emergency. He was dubbed a messiah of the poor and said he has repaid most investors.
 
But capital market regulators investigating the scheme have found it difficult to trace many of the 30 million investors for whom Sahara supplied records in 2012 after many requests. Hundreds of letters sent to the addresses given came back undelivered.
 
That prompted the Supreme Court to comment that many names on the investor list “may well be fictitious, concocted and made up.”
 
Mumbai-based financial sector lawyer, Sandeep Parekh, said it has been difficult to establish the money trail.  “Nobody really knows, whose money it is, where it came from and where it went, whether it was refunded, how much was refunded. There are no investors claiming money, they are actually looking for the investors, they can’t find them,” Parekh stated.
 
That has led to speculation that the Sahara Group’s bond scheme could have been a cover for money laundering, creating fictitious investors who help channel criminal proceeds into legitimate businesses. The company strongly denies such suggestions and has not been charged with the crime.


Congress will air claims
that HSBC aided evasion


By the A.M. Costa Rica wire services

U.S. banking officials plan to appear on Capitol Hill this week to address allegations that Britain's largest financial institution helped global clients avoid taxes and hide hundreds of millions of dollars in assets.

U.S. Federal Reserve Governor Maryann Hunter is expected before the Senate Banking Committee to discuss the revelation of 106,000 hidden accounts at the Swiss subsidiary of the British-based HSBC Holding Plc and what the U.S. is doing regarding Americans involved.

The International Consortium of Investigative Journalists and several news organizations obtained bank documents dating back to 2007 that reveal the scope of the tax dodging.

The leaked documents contain details about more than 100,000 clients from around the world, both individuals and legal entities.

According to the consortium report, academic studies estimate that $7.6 trillion is held in overseas tax heavens, preventing governments from collecting about $200 billion a year in tax revenues.

Later this week, U.S. Deputy Associate Attorney General Geoffrey Graber is expected to testify about the leak and U.S. tax recovery efforts at a House of Representatives judiciary subcommittee. Tough questions are likely to be raised as to why the U.S. government has not been more aggressive in hunting down alleged tax cheats, analysts say.

The United States, along with Belgium, Argentina, India, and others, are said to be investigating the massive bank.

HSBC has in the past faced scrutiny from U.S. authorities.

In December 2012, the bank paid a $1.9 billion fine to settle a U.S. Justice Department case in which HSBC and its subsidiaries had been accused of enabling Mexican drug lords to launder billions and assisting clients to violate U.S. sanctions prohibiting financial activity with Iran, Sudan, and Cuba.

The settlement, which came six months after a U.S. Senate investigation into HSBC, did not involve the question of the bank’s Swiss operations helping to facilitate tax evasion currently under scrutiny.

The U.S. pursuit of HSBC and its hidden account holders, and ones held by other multinational banks, was bolstered with the July 2014 onset of a new law, the Foreign Account Taxpayer Compliance Act.  The law, known by its acronym FATCA, requires foreign banks everywhere to report to the U.S. any accounts held by U.S. citizens and residents.

Still, there appear to be loopholes enabling tax evasion, analysts say.

“FATCA is definitely a huge step towards addressing the problem, but can't single-handedly stamp out tax evasion,” said Joshua Simmons, policy counsel with the transparency and good governance group Global Financial Integrity.

“Although it will lead to banks automatically sharing information like that released in the HSBC files, if the bank doesn't know who its client is, then it won't be able to disclose it,” Simmons said. “There are still ways to hide your identity, by far the most common of which is the use of anonymous companies, which we believe FATCA does not take a strong enough step towards.”

In Britain, the report outraged lawmakers and sparked criticism that tax authorities had failed to penalize tax evaders.  

“I just don’t think the tax authorities have been strong enough, assertive enough, brave enough, tough enough in securing for the British taxpayer the monies that are due,” said British Parliament member Margaret Hodge.

Meanwhile, a Belgian court is considering issuing arrest warrants in conjunction with an investigation of HSBC’s Swiss banking operations and alleged fraud.

“The bank is not giving the required information voluntarily,” a Belgian court spokesman said. “The judge has said that if it’s so hard to get the information, he’s considering international arrest warrants for the present directors in Belgium as well as Switzerland.”

India’s Finance Minister Arun Jaitley announced Monday that a probe into Indian account holders at HSBC is underway, saying that New Delhi has begun the prosecution of 60 Indian HSBC account holders.

An Indian Express reports says that 1,195 names of Indian nationals are on the HSBC leaked account list, which was provided to New Delhi by France in 2011. Jaitley said most of the new names are already known by Indian authorities.

HSBC responded to the report by saying its compliance efforts have been insufficient.  The bank said it has undergone a radical transformation in recent years and now enforces more stringent reporting requirements.

“We acknowledge and are accountable for past compliance and control failures,” the bank said in a statement. “Major regulatory reform is underway in numerous jurisdictions to ensure… that in the near future, an individual wishing to hide assets from tax authorities will be unable to do so. HSBC fully welcomes and supports these reforms.”

The bank said that in 2007, its Swiss private bank operations had 30,412 accounts, but by the end of 2014, that number was cut to 10,343. The value of those remaining accounts represents more than $68.5 billion, analysts say.
Real estate-related services (paid category)

solar
       
CR SOLAR gives you…
Enphase-Micro-Inverters: Simple, reliable, installation without batteries or complicated central inverters that limit expansion and downgrade your system with one shady panel.
Enphase-Micro-Inverters: so flexible; you can begin saving with a third of a system, then add as you go with your savings!

Think of it this way: cash in a CD paying 7% and get 15% to 25% from the Sun!  What better way to lower your electric bill than with a Quality Solar System from CR Solar?    Ask about our BEST HI END Solar Hot Water Heaters. 
2446-0543           8898-9398                8314-8090
CALL US TODAY!
8553-6/22/15

Real estate brokers and agents (paid category)


CoopeAgri

CoopeAgri Real Estate

The best option in real estate services in southern Costa Rica and the South Pacific coast. We are professionals promoting properties such as farms, lots, ranches, commercial premises, homes and apartments, through our advertising and marketing services.
Are you buying a property? Our experienced team is ready to help you to find the right place. Are you selling? We are experts selling properties.  Keep it simple. Don't waste your time. We are  the best local and international listing.  Contact us, and we will be glad to assist you!
E-mail: bienesraices@coopeagri.co.cr
Local CR Phones: (506) 2785-0282 or  (506) 2785-0278
CLICK HERE 
8563-4.15.15

Swimming pool at night
A Buyer’s Broker offering the best
of Costa Rica Real Estate.
For those looking for quality properties and service at quality prices. Central Valley Rentals. Offering honesty, experience and knowledge. Your Villa Real Expert. Call us now  Toll Free (877) 845-4533. In Costa Rica 4030-5480 or 8339-2112. www.costaricarealtyone.com
8554-6/15/14

Remax logo
Re/Max Ocean Surf and Sun:

The experts in buying property in Costa Rica, with more than 20 years experience and the largest networked team of agents in the country.  We can help you learn if investing in Costa Rica is right for you with our low-key, educational approach to sales. Our professional agents can tell you more about Costa Rica properties, including condos, homes, lots and commercial real estate.  Call us: Ocean Surf and Sun Int. Realty Ldta at 011 (506) 2653-0073 or send us an email at: info@remax-oceansurf-cr.com
8583-1/27/16

Moran Arenal
Lake Arenal, Costa Rica
The undiscovered jewel of Central America, 35 square miles of blue, pristine, clear water ideal for fishing, swimming, boating, Real estate values still low.
Great lake front, river front land, farms, homes, condos and commercial property. Some with owner financing
 
This is far and away the most beautiful place in all Central America — cool climate. Try our two-day, all-inclusive discovery tour for $299.

Check with our Web site at www.moranlakearenal.com
Contact us at the office: (506) 2694-0088
Cell (506) 8880-8888
Phone number from the U.S. (305) 307-0088
Email: moranrealestate@gmail.com
Moran logo
8502-4/20/15




Costa Rica,

Central America
Houses, lots and farms in Grecia,
western Central Valley.
Great climate
and safe communities.




Visit our Web Site:
 www.greciarealestate.com


English calls: (Cristian Arce) Phone: 
(506) 2494-0016 
(506) 8309-0173
 
English calls :  (Luis David) Phone: 
(506) 6154-1940


Español calls: (Luis G. Jiménez)  Phone:   
(506) 8707-4016
 
Grecia 884
Beautiful large house in Grecia, Costa Rica, with the best fresh natural weather. The property includes 9 challets and 12.000 m2 of land,  1,000 m2 of construction. Price $498,000. Click HERE!
Grecia 881
Beautiful house in Grecia, Costa Rica,  2 kilometers from the city.   340 m2 of land.
Price $135,000. Click
HERE!
Grecia 898
Beautiful house in Grecia downtown. Full security cameras. Land 250 m2.  Price $400,000.  Click HERE!
  Send us your request to our email: info@greciarealestate.com
8595-5/18/15

Real estate for sale (paid category)


Playas del Coco home
Playas del Coco  Unique opportunity, multiple possible uses, project property! i.e. large home, b&b, hostel, rooming house, retreat, or business?

The property consists of 2,200 sf of construction, pool, bodega, garage, 1,126 m2 lot (adjacent 550M2 vacant lot available to purchase), and is only a 3-minute walk to the beach. Google @: 10˚54’23.80”N  85˚70’41.40”W There is a well for irrigation, in ground sprinkler system, 5,000 liter in ground reserve water tank, fruit trees, palm trees, shrubs, and many flowers. The property is walled on 4 sides with 2 entrances. There is hot water throughout the house. The property has municipal water, telephone line, Internet, and cable. The property is in a clean & up to date LLC for easy transfer. The property taxes are less than $600. on a valuation of approximately $196,000.
Price $159999. Less than replacement. Contact for more info & pictures: Puravida1957@gmail.com 6283-1172 CR  or 00507 6620 3201  Panamá.
8591-3/4/15

Shangra la
Located in Jacó in the best and safest location possible, at Barrio Ricos y Famosos in Calle Europa, Casa Shangri La.

Main house: 3 bedrooms, 3 baths, 270 square meters, 2 condominiums 2 bedrooms, one bath, 110 square meters, plus one small apartment: One bedroom, one bath. Huge pool, carport for five cars. plus double garage, rancho with pool bathroom, gymnasium, laundry room, pool plumbing room, huge dog house in separate 500-square-meter garden with aviary for birds and other animals. 60 meters of river front of Río Copey with a 4-meter-high protective and retention stone wall. Eight surveillance camera CCTV system with Internet access from anywhere. Over 2-meter-high brick wall all around the property with two layers of razor wires on top, the safest place to be! Electronic entrance gate, door phone, Beautiful gardens with many fruit trees. Built in year 2005 to highest standard by German owner now 69 years old, who wants to downgrade. Room for two more apartments, plans approved. Only 6 minutes walk to the beach and or center of Jacó.  Price reduced for quick sale to $1,150.000 and still negotiable. All fittings and furniture included. Excellent quality and well maintained. Just upgraded and remodeled for $ 30,000. Owner financing available.  More photos on request HERE! Email: wolfganghilbich@yahoo.com  Cell 8838-2081 or home 2643-2979.
8586-2/28/15

Fortuna view
GREAT VOLCANO'S VIEW
Sometimes “distress sale” is a come-on.  Sadly, for this bruised North American ex-wife it is not.  She has a very nice modern- construction 2-br home on 1129 m2 intended for up to a couple dozen apartments with superb volcano view, short walk to downtown, all the amenities.  The existing 1st loan can be assumed but the 2nd has to be paid off, as do her other debts here, so that’s the distress part.  The irony is that their business plan was perfect, the place rents extremely well today, but she can’t manage it from a distance and doesn’t plan on returning to Costa Rica.  Asking $140k but her Costa Rica dream property is going to go to the first best offer with enough cash to clear her debts as well as clear her mind.  Her own personal bad experience provides an unusual opportunity at this time.  For interior pix: phone 506-8377-8402 or E-mail 
 lafortunaguy@gmail.com
8584-2/28/15

1-acre beautiful beachfront lot
Power and water on the property A very nice tropical setting in Puerto Viejo, Limón. Choice location. 9 beautiful lots for sale. Each lot is $69,000 or offer. Please call Peter: 7122-3754 or e mail: andreas_meyn@shaw.ca
8582-2/27/15

Jaco hotel

Beautiful beach hotel for sale.
Located at Jacó Beach, Costa Rica, Pacific Ocean.
Apartotel Costa Arenas is located just 5 minutes from the beach and 10 minutes from Jacó Downtown. The perfect place to rest in a cozy and familiar environment; surrounded by beautiful gardens. We have 11 fully equipped apartments. Also has swimming pool for adults and children and private parking 24 hours.  Retail value US$700,000.00   Contact:  
Carlos Díaz  Local CR Phone: (506) 2643-2085  
Email: costarenas@ice.co.cr   Web: www.costa-arenas.com
8573-4/15/15

Photo one
photo two
Tambor three for jan. 15
Total area of the property is 23 hectares at $425,000. There's an option to buy 2 sub lots, the first one is land with no construction of 890 sqm at $19,900. The second, 1,700 sqm including a small house, for the price of $65,000
Located 300 meters from the south Jacó . First house is 110 sqm with 2 bedrooms, 1 bathroom,  private pool, A/C, kitchen and separate laundry. Second is a 120m, two-story house with 2 bedrooms, There's a small lot has its own entrance and is perfect for building  $280,000.
This 115 sqm condo is located four blocks from the heart of Santa Ana. It is a corner unit with a view of the green area from your living room. Two bedrooms, a master bedroom with an ensuite bathroom. Kitchen is clean and modern. Home is in good condition, and ready to move into. $132.000.
Contact Jo-Anne  Cell phone number: 506 8310-2915
or through email: tamborsales@hotmail.com

Med house
Mediterranean inspired home overlooking the Bay of Nicoya and Pacific Ocean. This design allows for barrier free living, yet maximizes views from every room in the house . Vaulted ceiling over the living area and kitchen give the great room it’s spacious, open feeling with a natural stone fireplace and imported Spanish tile floors. $365,000.   Property: 22,000 m2 or 5.5 acres. Construction: 4,500 sq. ft. including porches and garage. 3 nedrooms, 2 baths, full dining room, separate office. Custom wrought iron gates, custom exotic wood cabinets, high-end stainless steel appliances, Granite countertops.    Slide show at   
 www.picturetrail.com/sfx/album/view/24055899   
For more information contact:  deeday214@gmail.com
8570-4/13/15

Ringle resort
on one big lot in Esterillos Oeste, (Central Pacific)
Located on a breezy hill just 4 minutes walk to the beach, surf and tide-pools, only 20 minutes drive north to Jacó nightlife and shopping or south to the rural town of Parrita.

First, a 2-storey, 2-bedroom (sleeps 4), 1½-bathroom house with big kitchen and living room.  Full-width verandah with eating and sitting areas, overlooking lawn, pool and gazebo. Sitting balcony at upper, bedroom level.  Carport. and laundry. 

Second, a completely private single-storey. 2-bedroom (sleeps 4), 1-bathroom home with big back yard at a lower level on the same, big fully titled 1,100M2 lot.. Full security bars at all doors and windows, plus locking vehicle access and pedestrian gates at the street. In a very safe neighborhood, with private and natural surroundings

Well maintained, fully and tastefully furnished and equipped, hot water, local phone, cable TV/DVD and high speed wireless internet   The houses have been rented for both long-term and vacation for $100/$80 per day and $1,500/$1,200 per month respectively. See this place, you will love it! Then make an offer. E-mail azucarb@racsa.co.cr or call (506) 8386-8825.  Rodney, asking $350,000.
8503-2/13/15

Condo montage
Cariari luxury condo for sale
 PRICE REDUCED FROM $235,000 to $195,000
This is not an ordinary condo. Completed one year ago, a $45,000 renovating made it an exquisite dwelling. As soon as you walk in you know it is a special home. No detail has been overlooked, even minuscule ones. The owner has a need to move on, and someone lucky will be the beneficiary of the fine detailed work. The home itself has three bedrooms, two and half bathrooms plus a maid’s quarters with its own bathroom. Also, it has a living room, dining room and a gorgeous kitchen with a kitchenette. There’s also a small outdoor patio. Being the end unit of this four-home condo complex, there’s parking space for three vehicles.  Approximately 240 sq. meters. All this near the Cariari Golf and Country Club and its renowned Tom Facio golf course. The club also has amenities such as a fitness centre, exercise room, Olympic swimming pool, sauna, 12 tennis courts and many other benefits. Tel:  8384-9608 or 2293-9054  Price $195,000.
8545-1/2/15

Atenas home
This developer's prime lot with super house is being offered in Roca Verde, 7,006 M2 of gentle grade, all landscaped for tropical effect, 3 bedrooms 2 baths with tile floors and hardwood kitchen, near the entrance of the neighborhood. Great floor plan on this one! There is a double carport, and a large patio and pool, wheelhouse style living room and many other features. View, large usable lot, close to town, nice, oh yeah. $495,000. http://www.atenasrealty.com/fotos%20H392.html
8542-12/17/14

Maneul Antonio
Manuel Antonio Estates focuses on building vacation homes for clients within Manuel Antonio Estates and Palmas Pacifica. We take care of the details from permits and design to supervision of construction and management of the rentals, if needed. We provide privacy and security, and our gated community offers shared common recreational facilities, beautiful landscaping and parking areas. Our homes and lots are located just minutes from the most beautiful beaches in Costa Rica. If you've ever considered buying a second home, just minutes from the beach, do not hesitate, if you have any questions or would like to request more information please take full advantage of our Costa Rica real estate services and contact us today!
Manuel Antonio Estates    1 800 346-9724  (506) 8815-9606. www.manuelantonioestates.com
8515-2/16/14

Ciudad Colon
Great Deal!! Apartment in condo with pool and extensive green areas:
Ciudad Colón, San José $112,000
The apartment has a master bedroom with a large ensuite bathroom with bath tub, and a smaller second bedroom/office with air conditioning. It has a second full bathroom, living/dining room, laundry room with hot water tank and storage area. The kitchen comes with granite countertops, a breakfast bar and new dishwasher. It has 82 m2 of construction. 2 balconies with beautiful views of the river and mountains. Private parking for one car. Elevator and a well presented reception area. Located in a very quiet and private neighborhood just 400 meters from the centre of Ciudad Colón. Within minutes to all major amenities in Santa Ana and Escazú. Easy access to the beach (less than 1.5 hrs).  24-hour security, visitor parking, pool, extensive and lush green areas, BBQ area, children’s playground and its own water treatment plant. Contact (506) 6022-9294 or 6022-9967, orbec12@gmail.com for further info or to arrange a viewing.
8509-xxx

Suenos montage
Outrageous blowout prices on oceanfront condos in Los Sueños!

Located in the private Bay Residence enclave overlooking the Pacific Ocean in Los Sueños Resort and Marina, there are three gorgeous units available at unbelievable bargain pricing from $589,000.  All of these beautiful units are three bedrooms and two baths, 2,200 square feet, fully furnished and ready to move in.  Development includes a gym, access to 3 pools, jacuzzis, BBQ areas and the Beach Club.  If you’ve always wanted to own in Los Sueños, now is the time!  Contact Karen@remax-ocr.com  or call 8702-0778.  From U.S. call 209-482-1788.

Top floor unit: $649,000   Second floor unit: $675,000  Garden unit: $589,000
8500-1/3/15

Newly available in Roca Verde
Atenas
Well-built home of 215 m2, 3 bedrooms, two bath on 1,150 m2 of lot, with attractive rock retaining wall, carport, and a pool. Indoors there are high, vaulted hardwood ceiling, bright rooms, a laundry room.  The floor is ceramic tile in pastel shades. $247,000. Photos: http://www.atenasrealty.com/fotos%20H326.html 2446-5587. ldrock@gmail.com
8499-q11/3/14

San Ramon
Mountain home w/million dollar view near San Ramón
Beautiful home in the mountains near San Ramón with 180-degree view of the gulf of Nicoya.7 miles from San Ramón, 1 mile from Interamericana highway. 3,200 ft. elevation so temp is 65 to 75 year around. Electric gate, private drive. house built in 2010. 2 bedrooms, 1 baths, appliances included. High-speed internet installed, Direct TV via sling box on Internet. $199,000 Contact mmpeace@hotmail.com   Check out slide show HERE!
8482-2/11/15

Esterillos

Beach Front Home - Central Pacific Coast
Pristine condition, recently renovated. The best surfing and boogie boarding in the country. The most magnificent ocean and sunset view. New 20-year, fully registered concession on one of the most beautiful beaches in Costa Rica. Easy access from San José (1 hour 25 minutes) located between Jacó and Manuel Antonio, in Esterillos Oeste.  2 or 3 bedrooms. Center room can be living room. House with 2 1/2 baths. Separated rancho with kitchen and large entertainment patio. Landscaped garden with no water shortage. Has both municipal and well water with automatic watering system. Direct access to the beach as no road is in front of property. Protected land on one side of the property for additional privacy.  Alarm system and complete shutters for security while away. Lot approximately 1,725 square meters, Asking price: $385.000.  Contact to Paul at local phone 506- 2637-8858  Cell phone 506- 8823-8550 .  US Mobile 908-400-9772  Emails: edumace64@yahoo.es  and pdvartanian@aol.com.
8458-3/2/15

NOW REDUCED TO $595,000
ALAJUELA – PRIVATE COMPOUND OF 4 HOMES
TURNKEY

Spectacular view property on a ridge near Alajuela.  Large home and 3 rental homes totaling 7,300 square feet (678 square meters) live-in construction.  Property area is 3,376 square meters (0.83 acres) including a vacant lot for expansion options.  In total there are 10 bedrooms, each with an ensuite bath.  Property has pool, rancho, mirador, courtyard and covered parking.  Homes have romantic fireplaces, built-ins, storage, other luxury features.  Turnkey sale includes all appliances, furniture, fixtures, equipment.  Call Gerry at (506) 2441-8796 or e-mail at gerrybuilt2000@yahoo.com.  See property video here:

See virtual tour of accommodations here:

For more details go to:
8422-9/15/14

ARenal property
Location: Near Arenal        Price: $2.7 million
Size: 113 acres
Web site: costaricalandsales.com
email: kim@costaricalandsales.com

The farm is at the highest point on a stunning ridge bordered by pristine Costa Rican primary forest on all sides of the property, with active wildlife all throughout the area. On each of its gently rolling terraced lomas you get a glimpse of Volcán Arenal from a distance. This property has four different lagunas, a working organic farm and nursery, mature fruit trees, sheep corral, ideal for grazing horses with stunning views from all the hillsides. The Northern Zone of Costa Rica is the country's best kept secret, providing a perfect home base location to travel the country's many destinations while still maintaining the best climate at 400 meters above sea level.
8406-8/2/14

Real estate services
Real estate for sale
Businesses for sale

Business for sale or lease (paid category)
Jaco hotel

Beautiful beach hotel for sale.
Located at Jacó Beach, Costa Rica, Pacific Ocean.
Apartotel Costa Arenas is located just 5 minutes from the beach and 10 minutes from Jacó Downtown. The perfect place to rest in a cozy and familiar environment; surrounded by beautiful gardens. We have 11 fully equipped apartments. Also has swimming pool for adults and children and private parking 24 hours.  Retail value US$700,000.00   Contact:   Carlos Díaz  Local CR Phone: (506) 2643-2085   Email: costarenas@ice.co.cr   Web: www.costa-arenas.com
8573-4/15/15

Live the dream!
Several profitable businesses, including a regional radio station, are for sale in Costa Rica. Certain purchases can provide the new owner with residency as well as a great lifestyle. So live your dream while making a profit. Contact: manager@crbusiness.biz.

Real estate services
Real estate for sale
Businesses for sale

Some of our other titles:
A.M. Panama
A.M. Colombia
A.M. Guatemala
A.M. Honduras
A.M. Cuba
A.M. Nicaragua
A.M. Venezuela
A.M. Central America
A.M.
Dominican Republic

A.M. Ecuador A.M. El Salvador
A.M. Bolivia

Sports
Calendar
Opinion
Classifieds
Real Estate
Lifestyle
Food
About us
What we published this week: Monday Tuesday Wednesday Thursday Friday Earlier
The contents of this Web site are copyrighted by Consultantes Río Colorado S.A. 2015 and may not be reproduced anywhere without permission. 
Abstracts and fair use are permitted.  Check HERE for details



A.M. Costa Rica's
sixth news page


San José, Costa Rica, Tuesday, Feb. 10, 2015, Vol. 15, No. 28
Sports
Calendar
Opinion
Classifieds
Real Estate
Lifestyle
Food
About us

News from the BBC up to the minute















BBC news feeds are disabled on archived pages.















Latin news from the BBC up to the minute
Humans use more happy words, data says

By the University of Vermont news staff

In 1969, two psychologists at the University of Illinois proposed what they called the Pollyanna Hypothesis — the idea that there is a universal human tendency to use positive words more frequently than negative ones. “Put even more simply,” they wrote, “humans tend to look on (and talk about) the bright side of life.” It was a speculation that has provoked debate ever since.

Now a team of scientists at the University of Vermont and The MITRE Corp. have applied a Big Data approach, using a massive data set of many billions of words, based on actual usage, rather than expert opinion — to confirm the 1960s guess.

Movie subtitles in Arabic, Twitter feeds in Korean, the famously dark literature of Russia, books in Chinese, music lyrics in English, and even the war-torn pages of The New York Times, the researchers found that these, and probably all human language­, skews toward the use of happy words.

“We looked at ten languages,” says university mathematician Peter Dodds who co-led the study, “and in every source we looked at, people use more positive words than negative ones.”

But doesn’t the global torrent of cursing on Twitter, horror movies, and endless media stories on the disaster du jour mean this can’t be true? No. This huge study of the “atoms of language—individual words,” Dodds says, indicates that language itself, perhaps humanity’s greatest technology, has a positive outlook. And, therefore, “it seems that positive social interaction,” Dodds says, is built into its fundamental structure.

The new study, "Human Language Reveals a Universal Positivity Bias," appeared in the online edition of the Proceedings of the National Academy of Sciences.

To deeply explore this Pollyanna possibility, the team of scientists gathered billions of words from around the world using 24 types of sources including books, news outlets, social media, Web sites, television and movie subtitles, and music lyrics. For example, “we collected roughly 100 billion words written in tweets,” said mathematician Chris Danforth, who co-led the new research.

From these sources, the team then identified about 10,000 of the most frequently used words in each of 10 languages including English, Spanish, French, German, Brazilian Portuguese, Korean, Chinese, Russian, Indonesian and Arabic. Next, they paid native speakers to rate all these frequently used words on a nine-point scale from a deeply frowning face to a broadly smiling one. From these native speakers, they gathered five million individual human scores of the words. Averaging these, in English for example, “laughter” rated 8.50, “food” 7.44, “truck” 5.48, “the” 4.98, “greed” 3.06 and “terrorist” 1.30.

A Google Web crawl of Spanish-language sites had the highest average word happiness, and a search of Chinese books had the lowest, but — and here’s the point — all 24 sources of words that they analyzed skewed above the neutral score of five on their one-to-nine scale regardless of the language. In every language, neutral words like “the” scored in the middle, near five. And when the team translated words between languages and then back again they found that “the estimated emotional content of words is consistent between languages.”

In all cases, the scientists found “a usage-invariant positivity bias,” as they write in the study. In other words, by looking at the words people actually use most often they found that, on average, humanity “use more happy words than sad words," Danforth says.

This new research study also describes a larger project that the team of 14 scientists has developed to create physical-like instruments for both real-time and offline measurements of the happiness in large-scale texts, “basically, huge bags of words,” Danforth explains.

They call this instrument a “hedonometer”—a happiness meter. It can now trace the global happiness signal from English-language Twitter posts on a near-real-time basis and show differing happiness signals between days. For example, a big drop was noted on the day of the terrorist attack on Charlie Hebdo in Paris, but the signal rebounded over the following three days. The hedonometer can also discern different happiness signals in U.S. states and cities: Vermont currently has the happiest signal, while Louisiana has the saddest. And the latest data puts Boulder, Colorado, in the number one spot for happiness, while Racine, Wisconsin, is at the bottom.



Costa Rican News
AMCostaRicaArchives.com
Retire NOW in Costa Rica
CostaRicaReport.com
Fine Dining in Costa Rica
The CAFTA Report
Fish fabulous Costa Rica


Sports
Calendar
Opinion
Classifieds
Real Estate
Lifestyle
Food
About us
What we published this week: Monday Tuesday Wednesday Thursday Friday Earlier
The contents of this Web site are copyrighted by Consultantes Río Colorado S.A. 2015 and may not be reproduced anywhere without permission.
Abstracts and fair use are permitted.  Check HERE for details


From Page 7:

Leading nations told they lag on growth

By the A.M. Costa Rica wire services

Finance ministers and central bankers from the world's 20 leading economies gathered in Istanbul Monday for the opening of a G20 meeting aimed at coordinating action to spur economic growth. 

Turkish Deputy Prime Minister Ali Babacan, whose country is the current G-20 chair, expressed hope that nations would set binding national investment targets.

"But what is important here for us is first to create awareness that investments are important, even if we don't have the government resources, we should look at ways and means of financing them," he said.

A leading international economic organization says governments around the world are not doing enough to implement a series of policies once agreed upon to boost economic growth in the coming years.

The Paris-based Organization for Economic Cooperation and Development, in its annual growth report released Monday, urged countries to follow through on "comprehensive growth strategies" such as increasing labor productivity and becoming more competitive and innovative.

Meanwhile, top finance officials from Britain and the United States called on leading world powers to work together to boost growth and reduce fiscal deficits.

In an article published in The Wall Street Journal, U.S. Treasury Secretary Jack Lew and British treasury chief George Osborne wrote that "governments must use the full set of tools they have at their disposal to support their economies and realize the collective G-20 objective of strong, sustainable and balanced global growth."

The two recommended responsible fiscal policies that ensure sufficient resources for education and infrastructure investment, accommodative credit conditions that encourage business and household spending and economic reforms aimed at boosting productivity and raising living standards.