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(506) 2223-1327                     Published Wednesday, April 17, 2013, in Vol. 13, No. 75               Email us
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Framework assembled to track carbon footprints
By the A.M. Costa Rica staff

The country is slowly assembling the framework to support plans for a carbon neutral  declaration by 2021.

The latest development is the selection of a California firm to verify carbon footprints. The firm is SCS Global Services, and it said in a news release that it will verify the measurement of private and public sector entities' carbon footprints to help the government evaluate policies for emissions reduction.

So far participation in the government's carbon neutral campaign is voluntary, but the SCS release suggests there might be some compulsion in the future. Said the firm:

"Costa Rica is one of six nations that have signed commitments to achieve carbon neutrality. To meet the commitment, it is necessary to measure emissions from industry, transportation, energy production, and other sources, promote policies that reduce greenhouse gas emissions (GHGs), and use carbon offsets to counter emissions that cannot otherwise be mitigated.

"Public entities and private companies are required to measure their carbon footprints and have these calculations verified by an accredited independent third-party auditing body to ensure that their greenhouse gas emissions are being reported accurately and uniformly. The Costa Rican government will sell Costa Rican offset units to reporting entities that have measured their GHG inventories and have demonstrated efforts to reduce emissions."

Costa Rica already has a long-standing 3.5 percent tax on fossil fuels to benefit forestry.

The 2009 national climate change strategy cited assigning value to carbon and a tax as one proposal that had been advanced in Europe. Still, the climate change strategy is based on education and voluntary compliance.

There has been a voluntary program directed at the public called Limpia tu huella under the direction of the Ministerio de Ambiente y Energía. There is no tax involved.

So far business and industry are urged to participate in a certification program for public relations and marketing purposes. Reducing release of carbon might also save money. The Cámera Nacional de Turismo is a proponent.

Costa Rica's accrediting entity, the Ente Costarricense de Acreditacion, has approved SCS to verify companies as carbon neutral if they achieve zero net emissions through a combination of emissions reductions and purchase of offset credits, the firm said.


footprints

"Assuring the accurate measurement of carbon emissions is crucial to helping Costa Rica achieve
its carbon neutrality goals," said Robert J. Hrubes, executive vice president of SCS, in the release. "As one of the world's most experienced companies in third-party environmental certification and verification, we look forward to bringing our experience to Costa Rica's groundbreaking carbon neutrality program."

Costa Rica has long been recognized as a world leader in its efforts to conserve natural resources, said the firm.

A.M. Costa Rica reported a month ago that the country will get $3 million from a World Bank agency to set up a domestic carbon trading market. The World Bank through its Partnership for Market Readiness is defining the structure for a carbon trading scheme to offset carbon emissions.


René Castro, the environment minister was reported then to have said that the carbon credits are an instrument for voluntary goals.

A carbon credit is generally considered to represent a ton of carbon dioxide. Already there are private firms here offering carbon credits, usually in a program linked to reforestation.

Being carbon neutral is not cheap for a firm. The Ente Costarricense de Acreditación based in Rohrmoser, now charges $468 just for applying and $703 for an annual renewal.  That is in addition to the cost of experts who come to a business to study the carbon footprint and the mitigation.

Proponents of carbon neutrality say that increased carbon dioxide in the atmosphere is one of the causes of world temperature rise.

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A.M. Costa Rica's  Second news page
San José, Costa Rica, Wednesday, April 17, 2013, Vol. 13, No. 75
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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.


Dentistry

Dr. Vargas
Dental implants in Costa Rica
Call us: Within C.R.  2225-1189
From USA    1-866-7060-248
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Of email; implantesdentales@ice.co.cr
7838-4/11/13

Marco Cavallini & Associates
Dental Implants and Crowns

Dr. Marco A. Muñoz Cavallini has placed and restored
DR. Cavallini
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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
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Psychological Services

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Dr. Pablo Quirós, License #8486
We are located in Escazú Corporate Center, 6th floor. Phone number: (506) 8815- 2676
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Email: info@psicofutbol.com
7919-7/15/13


Psychotherapy

Lucinda Gray, Ph.D.
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Real estate agents and services

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COLINAS DEL SOL
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A fenced and gated project with the ex-pat hortaculturalist in mind. There are 88 clear-title hobby farms with water and electricity.  The layout is designed to provide ample space for your vegetable gardening ands fruit tree projects.
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CR Beach

CR Beach Investment Real Estate
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Residency experts

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

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Insurance

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Project completion specialists

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Web: www.casadelpacifico.com
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Legal services

FULLY BILINGUAL ATTORNEY
& NOTARY PUBLIC

Arcelio

Official English/Spanish translator and interpreter
Serving the international community  since 2001
Lic. Arcelio Hernandez Mussio, Jr.
With over a decade of experience in the fields of:
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Visit the website at:  CRTitle.com
Email: lawyer@crtitle.com
Cell: 8710-9827
Skype:  hernandez.mussio
Serving the Great Metropolitan Area, Central and South Pacific
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Member of the Colegio de Abogados de Costa Rica
Lawyer ID number: 12.358
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KEARNEY-LAWSON & Asoc.
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Attorneys at Law and real estate brokers
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 Phone: (506) 2232-1014
7920-10/11/13

RE&B Attorneys S.A
Attorneys & Notaries
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USA phone number: (305) 748-4340
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Our law firm offers services
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ONE STOP LAW OFFICES OF
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Attorney At Law – CPA

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Contact us at: (506) 2215-0001; (506) 8312-3087
Email: mario.valverde@ice.co.cr
7841-8/11/13


Translations and legal services

associates
Rosa Monge Alvarez  
Simultaneous translator 
Rocío Murillo Mora
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Tired of getting the runaround?
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Accountants

U.S. Tax International

Plus Costa Rican taxes, accounting, and legal services
Over 15 years in Costa Rica
(English Spoken)
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FAX: 2231-3300
E-mail: ustax@lawyer.com
7640-3/4/12

U.S. Income Tax
David G. Housman Attorney & C.P.A
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in Costa Rica 32 years.
Specializing in all matters of concern to U.S. taxpayers residing abroad, including all new passport and other
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• Associate of James Brohl
Phone: (506) 2239-2005 Fax 2239-2437

E mail: papahound@comcast.net
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James Brohl, C.P.A. & M.B.A.
US Income Tax,  US GAAP Accounting
& Business Consulting

Uncle Sam's
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• eFile returns: secure with faster refunds
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• Take advantage of the Foreign
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• Business Consulting to facilitate working in Costa Rica
• Accounting for US and International Financial Reporting
• Associate of David Housman

Telephone 8305-3149 or 2256-8620
E-mail jrtb_1999@yahoo.com
7410-4/1/13


aur
                                                          rescue
Ministerio de Gobernación, Policía 
y Seguridad Pública photo/Guillermo Solano 
Injured man reaches Hospital México

 New helicopter brings man
to medical help in valley


By the A.M. Costa Rica staff

The security minister's air wing used its new helicopter Tuesday to snatch an injured Alajuela man from a mountainous area in Parque Nacional Chirripó at San Gerardo de Pérez Zeledón,

The man, identified as Piere Van Luna, 43, suffered the injury to his back. He went directly to a helicopter pad at Hospital México.

The Servicio de Vigilancia Aérea of the ministry frequently makes such mercy flights.



Claudio
A.M. Costa Rica/Kayla Pearson  
Claudio near the Plaza de la Cultura

The street is their studio.
and they like it that way

By Kayla Pearson
of the A.M. Costa Rica staff

A walk through the streets of San José can feel like a movie with people singing out numbers and names of products in hopes of enticing a buyer.

In the Plaza de la Cultura, Claudio makes his own music that combines a mixture of sanding, beat boxing and foot stomping.

“I bring the sound of happiness,” Claudio said. “It’s like cumbia.”

The artist makes hand painted glass plate souvenirs for tourists and locals. Crowds watch him turn ordinary round glass pieces to statements of Costa Rican culture.  It’s a craft he says he learned from the street.

“My grandfather taught me to draw, but the two are very different things” he explained.  “I learned to paint in the streets.  I learned from many people who all have different techniques.”

His skill has taken him around the country and the world.  Claudio says people bring him to their house to paint different projects.  He also worked for a Norwegian cruise company.  During the day he was a wine expert, but the rest of the time he painted designs on the ship such as a big bear.

However, Claudio says there is no place he would rather be than in the streets in the open space using his big personality to interact with people.

Down the street, José Herran spends all day painting pictures of scenes from Costa Rica.  Herran is from the BriBri culture in Talamanca.  However, he calls San José home.  It was here in San José that he learned to paint.

Like Claudio, Herran says he loves the streets, and finds it relaxing to paint outside.  However, the economy has made it so he doesn’t make as much as he did in the past.

He sells his large creations for 15,000 colons and his smaller ones for 3,000 colons.  Thats' about $30 down to $6.

“It’s a very cheap price,” he says. 

Despite the bargain, Herran says he has a hard time selling his large pieces and that more people will take a small one.  Locals recognize the deal more, he said, and they are his best customers, and not tourists.

Claudio has the same luck.  He says after painting all day, he may sell two or three pieces.

Still this doesn’t stop his mood.  In 15 minutes he can create a custom design for 4,000 colons.  An extra 1,000 will buy the customer a stand. 

The 15 minutes ends like it started with Claudio sanding, beat boxing and foot stomping.  Then he assembles the glass pieces and sends the customer off with a good day greeting.

“If you need anything else, I’m here in the street,” he said.

Jerran
A.M. Costa Rica/Kayla Pearson  
José Herran is proud of his work


Post-election protests result
in 7 dead and at least 61 injured


By the A.M. Costa Rica wire services

Venezuela's chief prosecutor says seven people have been killed in widespread protests following acting President Nicolas Maduro's narrow victory in Sunday's presidential election.
 
Attorney General Luisa Ortega said 61 people were injured in the post-election demonstrations, while 135 people have been arrested. Ortega did not give details about the deaths or injuries or how they occurred.
 
Supporters of opposition leader Henrique Capriles took to the streets Monday after Venezuela's election commission declared Maduro, the late president Hugo Chavez's handpicked successor, winner of Sunday's vote.
 
Maduro was reportedly elected by a razor-thin margin of 50.7 percent to 49.1 percent for Capriles, who is the governor of Miranda state. Capriles has refused to recognize the results, demanding a full recount and urging his supporters to protest the outcome peacefully.
 
Monday night, demonstrations turned violent as Capriles followers banged pots and pans and burned trash bags as they marched through the streets of the Venezuelan capital, Caracas, demanding a recount. They were confronted by police, who fired tear gas and rubber bullets to disperse them. Opposition protests were also reported in several provincial cities.
 
Maduro has responded to the unrest by accusing the opposition of seeking a coup. He said Tuesday that he will not allow demonstrators to hold a march planned for Wednesday in Caracas.
 
"You, the yellow candidate," said Maduro in reference to Capriles, "you are the one that has provoked all of this for not respecting the results, because of your whim. . . .  You are responsible for all of this."
 
Capriles says his campaign has received more than 3,200 complaints of irregularities in the election.


Highway closed again

By the A.M. Costa Rica staff

Work on the General Cañas autopista again will mean that the westbound highway lanes will be closed from 10 p.m. to 5 a.m. though Thursday morning. Crews are putting the finishing touches on some barricades. The detour will take motorists through  Lagunilla and Barreal de Heredia to return to the highway at Mall Real Cariari.

 
Find out what the papers
said today in Spanish


By the A.M. Costa Rica staff

Here is the section where you can scan short summaries from the Spanish-language press. If you want to know more, just click on a link and you will see and longer summary and have the opportunity to read the entire news story on the page of the Spanish-language newspaper but translated into English.

Translations may be a bit rough, but software is improving every day.

When you see the Summary in English of news stories not covered today by A.M. Costa Rica, you will have a chance to comment.

This is a new service of A.M. Costa Rica called Costa Rica Report. Editor is Daniel Woodall, and you can contact him
 HERE!
From the Costa Rican press
News items posted Monday through Friday by 8 a.m.
Click a story for the summary

























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unique visitors
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in up to 90 countries.

San José, Costa Rica, Wednesday, April 17, 2013, Vol. 13, No. 75
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A variety of 19th century currency will be on display
By the A.M. Costa Rica staff

When a merchant asks customers how they will pay for purchases, the expected answer could be paper cash, coins or credit cards.  The Museos del Banco Central de Costa Rica will host an exhibit to show these are not the only options.

Otras formas de dinero: Fichas del Ecuador y boletos de Costa Rica will feature finance chits, coffee tokens and other units of currency.

The exhibit consists of 100 different pieces.  Its dominate elements will be finance chips from Ecuador and Costa Rican coffee tokens.  It will allow visitors to see the similarity in the origin and use of these non-traditional means of payment in both countries, said the museum.

The origins for Costa Rican tokens can be traced back to the 19th century when the country was having trouble providing money to circulate through the economy, according to an online historical account from Manuel Chacón Hidalgo, numismatic museum curator.

This was due to the coffee boom.  The industry brought in more business transactions both internally and abroad, meaning money was leaving the country also, he explained.

To cope, coffee firms began issuing tokens that could be
types of currency
Coffee tokens and others temporary coinage.

traded for coffee. Coffee growers also paid their employees with tokens that could be used to buy items from their commissaries.

Later retailers began accepting the tokens.  They were even used in place of coins when a person needed change.
More about Costa Rican currency can be learned in the exhibit which opens Friday at the Museos del Banco Central.



Corcovado one
Ministerio de Gobernación, Policía y Seguridad Pública photos
Official checks tools used by gold panners while two suspects are shown where a stream has been diverted.
Police, rangers sweep Corcovado for illegal hunting and mining
By the A.M. Costa Rica staff

Fuerza Pública officers and park rangers are sweeping Parque Nacional Corcovado for illegal hunters and gold panners.

The park on the Osa peninsula is a major environmental treasure. But it also contains gold that has been panned from streams and rivers for centuries. The location is in southwestern Costa Rica.

Police said that some of the miners are using dynamite to blast away at the banks of the streams and rivers to seek more of the ore.

The sweep started Thursday and will last nine days more. The areas being patrolled are Sirena, La Leona, Los Patos and El Tigre where gold panners are likely to be found. Panning is legal in Costa Rica but not in national parks. Some miners use sluice boxes to handle more gravel.

In addition to armed gold miners, police are facing the natural hazards of one of the most unspoiled places in Costa Rica. The park is home to puma and other large mammals. Some sections have not been explored adequately. There also are all sorts of bugs and serpents.

Officers made several arrests and even found children working with their parents.
corcovado two
 Two suspects hide their faces. They could spend up to five
 years in prison for illegal mining operations.


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Fish Fabulous Costa Rica

A.M. Costa Rica's Fourth News page
San José, Costa Rica, Wednesday, April 17, 2013, Vol. 13, No. 75
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Internet credited with letting more people express their unhappiness
Special to A.M. Costa Rica

The Latin American countries with greatest numbers of conflicts are those with broad social inequalities and governments with limited capacity to manage unrest, according to a report released Tuesday in English by the United Nations Development Programme.

The report titled "Understanding Social Conflict in Latin America" reveals that social, institutional and cultural tensions in Latin America are numerous, compared to other regions, and are characterized by a high degree of citizen participation.

According to the report, Bolivia, Perú, and Argentina were the countries with the highest number of social conflicts (over 200 each), while those with the lowest levels of unrest were Costa Rica, Chile, and El Salvador, with an average of 58 conflicts each.  The report examined more than 2,300 social conflicts in the region by monitoring 54 newspapers in 17 countries between October 2009 and September 2010, and did not cover other conflicts associated with organized crime, drug trafficking, guerrilla actions or wars.

“Democracies, as opposed to authoritarian regimes, enable social conflict as a constructive tool for peoples’ demands for improved quality of life,” said Heraldo Muñoz, stressing that conflicts are part of a political process. “If they are managed through dialogue and negotiation and its causes are addressed, they are great opportunities for profound transformations — and for a more equitable and just Latin America.” He is a U. N. assistant-secretary-general and director for Latin America and the Caribbean for the Programme.

Social conflicts in Latin America have also triggered profound institutional rupture and crisis in democratic governance, as was the case with the coup d’ 
état in Honduras in June 2009. The study stresses that this kind of tension, which reaches a maximum level of radicalization and governance crisis, was not the norm in the region for the past years. The bulk of social crises involve declarations, demonstrations and strikes, which rarely reach the point of violent clashes and chaos. People’s demands generally range from health, labor and education issues to human rights and ecological matters, such as the control of natural resources.

The report also highlights that while reducing poverty and inequality in the last decade, Latin America also contributed to boosting access to technology to millions in the region who have gradually become more educated, engaged in social media and internationally interconnected. The Internet and mobile phones, for example, are positively affecting social conflicts by providing new public spaces that encourage civic engagement. Such tools have also been increasingly important for historically marginalized groups, including native peoples.

Almost 60 percent of the organizations and individuals who took part in social conflicts had a presence on the Web, with numbers ranging from 100 percent of Internet presence in Costa Rica to 15 percent in Bolivia, the report said. The Internet and other communications technologies allow social movements to interact, spread messages through videos (as the Zapatistas did in Mexico) and raise funds.

The report examined social conflicts in Argentina, Bolivia, Brazil, Chile, Colombia, Costa Rica, El Salvador, Ecuador, Guatemala, Honduras, Mexico, Panama, Paraguay, Peru, the Dominican Republic, Uruguay, and Venezuela.

Readers may download "Understanding Social Conflict in Latin America: HERE!

 
Vacation, travel and hospitality
Anywhere
Anywhere Costa Rica plans custom vacations, and has the most comprehensive travel services in the country including travel guides, resorts and vacation homes,
Costa Rica tours and car rentals.   Call 1-888.456.3212 or 2479-8811 locally.
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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.
Geroge's view
An evening View
from George’s Puriscal home
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. george@glundquist.com
7897-9/1/13

Arenal Volcano Cabin Retreat
Steve and Debbie Legg
Toll Free: 1-888-828-9245       In Costa Rica: (506)-2478-0023 or 8333-6863

Our Vision at Leaves and Lizards Arenal Volcano Cabin Retreat is to create the perfect blend of Adventure, Discovery and Tranquility for each guest.  Plan an Adventure zooming along a zip line high in the canopy or horseback riding though forests, farms and rivers. Discover the magical wonders of the flora and fauna of Costa Rica. Experience Tranquility in one of our cabins tucked in our 26 acres. Located in Monterrey, San Carlos, in the mountains above Fortuna, we enjoy spectacular, panoramic views of the Arenal Volcano and its lava flow. Please see our Web site for more information. www.leavesandlizards.com or e-mail us at leavesandlizards@gmail.com.
7862-8/1/13

Mead Brown
MEAD BROWN
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Daily housekeeping, WiFi and concierge services included.
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7832-3/15/13

Costa Rica’s #1 Time –Tested Relocation/Retirement Tours
Christopher Howard's Award-winning Combination Relocation/Retirement Tour. NO other retirement tour offers MORE options...MORE areas visited, MORE information and a LONGER fact-filled tour for your money. Winner of the 2010
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Christ Howard with Max
retiring in Costa Rica,  and who has personally helped over 10,000 people with ALL BUDGETS relocate SUCCESSFULLY over the last 35 years. CUSTOM TAILOR-MADE TOURS are also available for people with special needs or who can’t take one of our fixed-date tours. ALL tours include EXTENSIVE touring and a highly informative SEMINAR by the country’s most renowned EXPERTS in their respective fields. Also visit: Live in Costa Rica to check out our NEW tour prices and specials.  Customer satisfaction 100% guaranteed! MY REFERENCES.

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Costa Rica Vacations
Customized, all inclusive Costa Rica vacations planned by our team of in-country travel experts. Call us Toll Free: 1-800-606-1860 or locally in San Jose: 2296-7715. Sit back and relax while we plan your trip or dream Costa Rica Honeymoon.
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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


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A.M. Costa Rica
Real estate rentals
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See our listing of real estate brokers on the for-sale page.

Real estate for rent (paid category)
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in San José, and one condo in Escazú. Fast Internet, cable TV, hot water. Large American appliances including washer and dryer. Both convenient locations. No pets. $600 per month. Contact: rentnowcr@gmail.com or call 8555-9819.
7918-5/15/13


prime
ATTENTION EXPATS:
 
We have many prime properties available for long-term rentals.
Rohrmoser
Escazú
Santa Ana
 

  rentals.sanjose@gmail.com
7917-5/15/13

We have furnished one-bedroom apartments in Sabanilla, Montes de Oca, for rent short or long term. Sabanilla is 10 minutes by bus from the University of Costa Rica with direct service downtown. The apartments have bedroom and bath upstairs and kitchen and living-dining areas downstairs. Grounds enclosed by a security wall have many trees and flower beds. Parking, laundry area with machines. Cable TV, Internet and maid service available. Monthly rents are from $425 to $500.
Call 2273-3173, 2273-3837 or 8663-0354.
7915-5/9/13

Perez  Zeledon:   Large studio home overlooking river with deck.  Elegant, ceramic floors, nice cabinets, walk-in closet.  Beautiful gardens and grounds.  Secure. Private. Only  10 minutes
River view home
to San Isidro de El General. Mountain town with everything!  Then, 40 minutes to Playa Dominical, 40 minutes to Chirripó National Park, and also near many other attractions, yet very private and secluded.  Listen to river sounds and sleep like a baby.   
Rare birds in abundance. Includes,  One  double bed and refrigerator, stove, juicer, sofa, tables,  dishes, pans, etc.  Plus, electric, (hot) water   Phone, TV connected, Internet cable connected, garbage and gardener. All included for $425. /month.  Looking for one good person, reliable, long-term.    Non-smoker. jjpepman@hotmail.com
7902-4/25/13

Manuel Antonio long term apartment for rent
This modern two-bedroom apartment with a breathtaking view of the Quepos town and the Pacific Ocean is situated near Manuel Antonio National Park and beaches. The location offers a unique experience in the edge of the jungle, where you can observe wildlife. The apartment has two separate bedrooms and sleeps three guests maximum. The bathroom has a walk-in shower and a toilette. The living room is furnished with very comfortable furniture. The kitchen is fully equipped. Public transports like taxis, bus station, port as well as shops, groceries, restaurants, cafes, bars, and nightlife are within a very short distance. Fully furnished, all bills included (water, electricity, cable tv, wireless internet), $575 per month, 6-month minimum. Contact us now!!! 8853-8245. or see our
Web page:  www.brunxu.com  
7901-4/25/13

Anywhere Costa Rica educates visitors about the numerous 

Anywhere
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We believe the best way to enjoy
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Call 1-888-456-3212 or local 2479-8811 to get started.

Mountain cabin for rent
Sacramento, Barva de Heredia
We offer for rent three furnished, 2-bedroom mountain homes located on the slopes of Barva Volcano, Sacramento, Heredia. The cabin-style homes are adjacent to the Braulio Carillo National Park and walking distance to the Barva Volcano crater lake. Enjoy a spacious living room, kitchen, fireplace and garage. Take in breathtaking views of the Irazú Volcano and the Central Valley. Observe dozens of bird species, to include the occasional Resplendent Quetzal, and a pristine cloud forest. We can also offer you an occasional ride on one of our beautiful mares. Contact Allan or Cristina at HPCattleCR@aol.com, or or for more information HERE! $850 USD/month. We can also offer a weekend or short-stay package.
7875-4/11/13

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 
tropical
                                    homes
of Costa Rica. 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.
7833-8/15/13

Looking 4 Costa Rica Villas?
Rent our all-inclusive, 7 bedroom rental home in Guanacaste.  Just 20 minutes from the Liberia airport, this deluxe ocean view mansion sleeps 6-22 guests.  Ideal for company events & Costa Rica weddings. With 3 meals served daily and a full-time staff to pamper guests, it's more than a Costa Rica vacation rental ...It's your own Private Resort!  Call toll free: 1-800-606-1860.
7695-1/19/14

Lovely cottage on private coffee farm
One spacious bedroom, one bath, office room/spare room with high speed DSL internet, fully equipped kitchen, phone line,
Sarchi cottage
balcony with beautiful view, especially at night with the far off lights of San José. Farm is gated and guarded, private and peaceful, owner on-site. Sarchi is a quiet small town about 30-40 min from the airport, a perfect base to explore from and also get a
feel for normal, day-to-day Tico life. Rental is $575 per month, 3 months minimum. All utilities included. Shorter stays at $45 per night, 2 nights minimum. $225 per week, and $30 per additional night. Sorry, no pets.  Contact jogya345@yahoo.com or 8308-7732.
7907-4/12/13

Palmares
                                    rental properties
Homes for rent
in Palmares, Alajuela

Visit our Web page for more information.
www.palmarescostarica.us
7819-4/29/13

Palacio condo
Beautiful 2-bedroom, 2-bath modern condo for rent.
(Only 6 years old).
Great Secure Area, Next to 5-Star Hotel Palacio (La Uruca). Gated community, 24-hour security, 5 minutes to San José. Swimming Pool, washer/dryer, covered parking, high-speed Internet, cable TV, home phone! $900 per month, fully furnished, 6-Month minimum! Please Call: 001-954-782-0200 or email jas21358@comcast.net
7780-2/21/13

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.

7857-5/4/13





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San José, Costa Rica, Wednesday, April 17, 2013, Vol. 13, No. 75
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bookstore promoe



PowerPot
University of Utah photo
PowerPot generator on a campfire

Electricity from hot water
is an instant success story

By the University of Utah news service

Power Practical, a student startup that sprang from research at the University of Utah, is selling a portable cook pot that transforms heat and water into a power source. A camper could charge a cell phone or use speakers in the mountains at night far from civilization. That’s what the device, called the PowerPot, can do with just a campfire and a little water.

Using thermoelectricity, the PowerPot generates power by capturing the electrons moving from the heated pot to the cooler water inside. The greater the temperature difference, the more electricity is generated.

The company has a growing variety of PowerPots that serve different needs. The basic model, the PowerPot V, weighs less than a pound and produces 5 volts, enough to charge a cellphone in 60 to 90 minutes. Larger models, like the PowerPot X, produce 10 volts and can charge larger devices, like a tablet computer.

The PowerPot is more than just an idea. The company has already shipped more than 1,000 units after attracting $126,000 in funding from its debut on Kickstarter, a crowd funding platform, and it recently raised an additional $750,000 in seed funding. The device is available for $149 on the company Web site and at select retailers.

The students behind the company have been surprised by its rapid growth and are struggling to keep up with growing interest and demand.

“We knew we were on to something when we got requests from around the world and more than doubled our goal during our Kickstarter campaign,” says David Toledo, a co-inventor and founder. “We just shipped all of those orders, and we are quickly getting our product into more stores.”

Toledo graduated from the university in 2010 with a bachelor’s degree in materials science and engineering. He is putting his doctoral studies at Cornell University on hold to build his company. Paul Slusser is the other co-inventor and founder. He graduated from Utah in 2009 with a bachelor’s and master’s in materials science and engineering.

“David and Paul are examples of what makes engineering so exciting – by mixing creativity, science, math and design education, they came up with a product that improves the quality of life for people around the world,” said Richard Brown, dean of the College of Engineering. “Being entrepreneurial comes naturally to many engineers – in fact, 41 percent of the spinoff companies . . . are from engineering.”

Camping enthusiasts are important customers, but they are far from the only target market. PowerPots could become a staple in emergency preparedness kits. And perhaps the biggest market is in developing countries, where cellphone usage is exploding despite the fact that many people don’t have electricity in their homes.

“There are hundreds of millions of people with cellphones in Africa, and most people need to walk more than a mile and spend a big chunk of their income simply to charge their phone,” says Riley Swenson, the marketing director at Power Practical.

Toledo and Slusser invented the device while studying thermoelectricity. Initially, Toledo and Slusser, who were roommates, just wanted to experiment with a thermoelectric generator. In 2008, they bought a thermoelectric cooling device from eBay, tore it apart, tried to improve it and turned their attention toward developing a thermoelectric device that could produce power. Months passed, and they eventually built the first prototype using an old pot from Toledo’s mom.

The project hit some roadblocks, and Toledo and Slusser graduated and left the area. Toledo started working on a doctorate at Cornell. Slusser took a job. Then, while surfing the Internet in New York, Toledo made a breakthrough. He found a cheap power regulator designed for hobbyists. It was the essential component they needed to make their invention useful by providing a steady power stream.

From there, everything started coming together. Toledo took a leave of absence from Cornell. He and Slusser moved back to Salt Lake to work on the project, and together they assembled their business team.


Letter to U.S. senator tested
positive for deadly poison


By the A.M. Costa Rica wire services

U.S. congressional officials say a letter sent to Sen. Roger Wicker of the southern state of Mississippi has tested positive for the deadly poison ricin.
 
The letter was found at a facility that handles mail going to the U.S. Capitol. Officials say it tested positive for ricin in three separate tests.
 
It is not likely the letter ever reached Wicker's office.
 
Ricin is highly poisonous. Just a tiny drop can kill an adult. It is found naturally in castor beans.
 
Tuesday's discovery evoked memories of the aftermath of the Sept. 11, 2001 terror attacks, when mail laced with anthrax appeared in post offices, newsrooms and U.S. congressional offices. Five people died and several others were made ill.
 
The FBI attributed the attack to a government scientist who killed himself in 2008.
 
Ricin previously turned up in a U.S. Senate mailroom in 2004, forcing authorities to temporarily shut down two Senate office buildings.
 
Wicker's office had no immediate comment on this latest incident. The 61-year-old lawmaker, a Republican, has been in the Senate since 2007.


Better organization seen
driving immigration push 


By the A.M. Costa Rica wire services

Anatole Senkevitch isn’t Hispanic. He’s not young or illegal either. But he is the face of the U.S. immigration reform movement. Or at least one of them. He’s a foot soldier in a carefully choreographed political campaign that has carried the movement closer to its goal than ever before.

The retired architecture professor in the pressed khaki suit and glasses took turns talking and being talked over at a recent planning meeting of the Silver Spring, Maryland, chapter of Organizing for Action, the non-profit advocacy group that grew out of President Barack Obama’s presidential re-election campaign.

The group is one of many in the Washington area and around the country pressing Congress to pass legislation that would take steps to legalize the presence of an estimated 11 million illegal immigrants in the United States.

Their efforts have taken on added urgency in recent weeks as a growing number of Republicans as well as Democrats in Congress are showing a willingness to tackle the divisive issue.

On a recent afternoon in a Silver Spring living room, Senkevitch practiced telling the story he would share with his congressmen on Capitol Hill. He mixed in memories of how as a boy of seven he joined his agronomist grandfather on a grapefruit farm in Texas after his family fled the Russian revolution of 1917.

​“My grandfather had direct experience with braceros,” Senkevitch told a small group of activists, all in their 50s and 60s, and all typical Americans in the sense that they or their parents or their grandparents came from another country.  Bracers were guest agricultural workers.

“My grandfather talked to me about the whole problem and the fact that the attempt then, as now, is never to put a human face on immigration,” Senkevitch said. “These people are invisible statistics.”

“These people” are the millions of foreigners living and working in the U.S. without proper legal documentation. Their fate is the focus of debate in Congress this week as a bipartisan group of senators presents a long-awaited plan to overhaul the U.S. immigration system.

Congress has tried to tackle this issue before. In 2007, then-president George W. Bush’s attempt to make the biggest changes to immigration law in decades failed in the Senate.

Opponents of the Bush plan to give illegal immigrants legal status flooded Congress with phone calls and emails and faxes. They spoke out on talk radio and cable TV. Their voices were more influential than the millions of immigrants who had marched for reform the previous spring. Critics of the reform movement are still vocal and determined, but their push against legalizing unauthorized immigrants has lost a bit of its wind.

Lynn Tramonte, deputy director of the pro-reform group, America’s Voice, said the death of the 2007 bill brought on a period of reflection among immigration reformers, eventually giving birth to a much stronger lobby. That lobby not only includes Senkevitch and low-wage Hispanic immigrants, but high-tech giants like Facebook CEO Mark Zuckerberg, Christian evangelicals, and once even stalwart conservative opponents to reform.

“The movement realized that we had been fighting a policy battle in Washington when the rest of the country was having a culture discussion that we weren’t engaging,” Tramonte said. “While we were talking about the criteria for legalization, we weren’t talking about ‘Who are the immigrants we’re talking about? They’re your neighbors, they’re your family, they’re your friends.’”

The reform movement reorganized. America’s Voice was created in 2008 by Frank Sharry, a central figure in the immigration policy debate for the past 25 years. Tramonte said the team focused on unifying the message with other players and learning to communicate it through online media.

America’s Voice and other groups received millions of dollars in support to spread the word from donors like philanthropist George Soros’ Open Society Foundations.

While they were tuning up, the pro-reform lobbyists also were gearing up. Between 2008 and mid-2012, more than 3,000 advocacy groups registered with Congress to lobby on immigration for nearly 700 clients, according to the transparency group the Sunlight Foundation.

They have spent more than $1.5 billion on the reform effort since the last bill failed in 2007. Their client list is diverse, including schools, dairy producers and big corporations such as McDonald’s, Microsoft and WalMart.

At about the same time, Cristina Jiménez was finding her voice. She is a young woman from Ecuador whose parents overstayed their tourist visas, hoping to give their children a better life in New York.

Ms. Jiménez and other undocumented, foreign-born youth were tired of hiding their status, tired of worrying about immigration raids and deportation while trying to get through high school and college. They founded the national advocacy group called United We Dream in late 2008.

“It was a transformative experience . . .  going from a place of being really fearful, to going to a place of feeling really empowered and really proud that you are not afraid to say that you are undocumented,” Ms. Jiménez said.

They called themselves the “DREAMers,” named after the Obama administration’s Development, Relief, Education for Alien Minors (DREAM) Act, which would have legalized undocumented youth brought to the U.S. as children. The proposal failed in Congress.

Jiménez said the DREAMers studied the successful tactics of the gay rights movement and started “coming out” as undocumented immigrants.

“I received a lot of support after I came out,” Ms. Jiménez said. “I had friends who were really conservative on the issue and sharing my story really changed their view on immigration.”

The DREAMers are part of the Facebook generation, meaning they grew up social networking online. Their stories have gone viral. One video has attracted more than half a million hits on the Web.


Cities tighten their security
in wake of Boston bombing


By the A.M. Costa Rica wire services

American cities are assessing security following Monday's bombing at the Boston Marathon.   Washington, D.C., went ahead with an annual parade as authorities across the country took security measures and people responded to them.

Washington's Emancipation Day parade, which commemorates the emancipation of more than 3,000 slaves in 1862, went on as planned after city officials said there would be an increased police presence.  

The heightened security wasn't evident to Elizabeth Rau, who came to see the parade. But she said she's sure it's there. 

"I think it'd be more likely to get in a car accident than anything happening here," said Ms. Rau.

Peter Boyce said the attack in Boston reinforced his plan to attend the festivities. 
 
"This is a land of freedom, and we will not be deterred by any cowardly acts on this country, whether it be in Boston or anyplace else, and that is why it was important that we come out here today," said Boyce.

It was personal for Boyce. He attended the parade with his wife and two young sons, but has another child who lives in the Boston area.

"We have a son who was on lockdown at Harvard yesterday," he said. "And I told him that definitely that we would make sure that we would come out in full force today to come to this Emancipation Day parade."

Deltha Jeffries brought her granddaughter. She said security concerns did cross her mind. 

"I thought about there being a large crowd and this being another opportunity for terrorists to infiltrate," said Ms. Jeffries. "But, you know, if you're going to worry about that all the time, you're never going to have fun in the rest of your life."

President Obama said the FBI is investigating the Boston attack as an act of terrorism.

"In the coming days, we will pursue every effort to get to the bottom of what happened, and we will continue to remain vigilant. I've directed my administration to take appropriate security measures to protect the American people," said Obama.

Those measures extend to the president's residence.  A section of Pennsylvania Avenue in front of the White House, often filled with tourists, is now closed to pedestrians.

In New York City, patrols near hotels were increased after the bombing, said Police Commissioner Raymond Kelly.

"We also patrolled houses of worship. We'll continue to do that and significant infrastructure locations in the city, iconic potential targets: Rockefeller Center, Empire State Building, locations such as that," said Kelly.

The security presence was visible in New York City's train stations, its airports and in Times Square, which was targeted in a failed attack three years ago.   

Across the country, from downtown Chicago to the baseball stadium of the Los Angeles Dodgers, the increased security presence was visible.

There was also another inescapable sight: the nation's flag at half-staff in honor of Boston's dead.



Real estate-related services (paid category)

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Real estate brokers and agents (paid category)


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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
 
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Check with our Web site at www.moranlakearenal.com
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The #1 Authority in Costa Rica Real Estate

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Since 1996, CRREC has been providing the most valuable resource for discovering real estate in Costa Rica. Our Costa Rica properties database contains some of the most exclusive and hard to find properties in the country. Not to mention how affordable some of our Costa Rica homes for sale are. So if you're in the market for Costa Rica real estate then we encourage you to
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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 2228-5961 or 8339-2112. www.costaricarealtyone.com
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Central America
Houses, lots and farms in Grecia,
western Central Valley.
Great climate
and safe communities.
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Visit our Web Site:
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English:  (Luis Arce)
 Español: (Luis G. Jiménez)

   (506) 8538-6186
   (506) 7100-8489
   (506) 8707-4016

  Send us your request to our email: info@greciarealestate.com
7685-2/7/12

Real estate for sale (paid category)


Monte Mar
Hacienda Monte Mar
Gated Community near the beach
SALE on our last 4 lots! Starting at just $17,500 with financing available.
Reserve today with just $5,000 down
Great Retirement Home, Vacation Home, or investment option!
Lots of wildlife on the property. Gated front entrance, caretakers house.
Water and power on site.
http://www.haciendamontemar.com/
USA Toll Free 1 866 833-4005
CR Cell 011 506 8718-9891
7928-8/9/13

Casa de Eden
For sale by owner Playa Conchal home. Reduced $329,000

Casa de Eden is an ocean view three-bedroom, 2.5-bath, with outdoor shower, private pool located only minutes from Playa Conchal.  The home is in a private, secure community surrounded by nature but still only 20 minutes to the resort towns of Flamingo & Tamarindo and less than an hour from the Liberia airport. There is 2,600 square feet under the roof, which includes a large outdoor terrace and has phone, Internet & satellite TV. The home boasts luxury finishings: AC & ceiling fans, Frigidaire professional series stainless steel appliances, granite kitchen countertops, marble bathroom vanities, custom wood cabinetry, ceramic tile.  Contact desmondproperties@gmail.com  U.S. 1-800-939-2617 or CR (506) 8349-2025.
7905-4/27/13

Pirate beach
For sale by owner: Ocean view condominium. Reduced $175,000

Gorgeous two- bedroom, two-bath with private terrace offering spectacular ocean views and built-in energy efficiently. This condo is located in a gated community with low HOA dues and offers amenities including a pool & rancho.  It is located close to a beautiful white sandy Pirates Beach. Only 20 minutes to the resort towns of Flamingo & Tamarindo and less than an hour from the Liberia airport.  Luxury finishings: Pella double panel windows, AC & ceiling fans, Frigidaire stainless steel appliances, granite kitchen countertops, marble bathroom vanities, custom wood cabinetry, porcelain tile. Contact desmondproperties@gmail.com  U.S. 1-800-939-2617 or CR (506) 8349-2025.
7904-4/27/13

Condo
FIRE SALE ON THIS SPACIOUS CONDO
WITH GREAT OCEAN VIEWS $205,000 USD
This is a well distributed condo, very spacious and meticulously maintained. It sells furnished with quality furnishings and appliances. 3 bedrooms, 3 baths and lots of storage place. It's a 2,200-sq. foot condo with double garage. Ideally located 20 minutes south of Jacó. It comes with a free beach club membership at Monterey Hotel in Esterillos. Call 2778-8408 or 8707-1037. Email marietta234@yahoo.es or www.beachfrontcentralpacific.com
7900-4/22/13
Las Escadas
Welcome to our Paradise
Las Escadas – Condomimium & Club
San Juan del Sur – Nicaragua

1 and 2 bedroom condos from $ 39,900.
Las Escadas Condominiums & Club is the best Investment opportunity for those who want to live surrounded on all sides with nature and very closes to many beautiful beaches, amazing places with rich history and culture.
Security entrance – Administrative office – Swimming pool – Children's playground – Reserved parking available – Basketball court – pathways – Underground utilities.
Only $ 99 to reserve your Unit. Limited time offer
Contact: info@lasescadas.com    www.lasescadas.com
Cell English +505 8588-9827 – Cell Spanish/English 8551-4391
7895-4/20/13
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Nicoya views
Property with ocean and gulf view for sale
Tranquil million dollar view, 5,000-sq.meter property with 3/2 home built to American standards, artistically designed and decorated, 16-foot ceilings of mango and tamarindo, appliances, plunge pool, rancho, caretaker apartment, workshop, covered parking, views of Gulf of Nicoya and ocean, in countryside near San José to Caldera highway. Near the lovely town of Esparza. Can provide extra income from bed and breakfast room rental and stellar Tripadvisor reviews. www.oasisbytheseabandb.com $180,000 506-8869-9274.
7882-4/15/13

View from Orosi home

Majestically situated overlooking the Orosi Valley and the tropical rain forest, this 2-bedroom, 2½-bath home with a separate office is offered at $550,000.  From the extensive use of glass windows visitors are easily captivated by the unbelievably 7 acres of pure, natural Costa Rican landscape.   The property is located 15 minutes from the Cartago metropolitan area, an hour from San José, 1¼ hours to the Juan Santamaria International Airport, 2 hours to the beaches of the Pacific West Coast, or 3 ½  hours to the beaches of the southern Caribbean coast.
http://ackermanrealtyinternational.com
USA 678-799-8803
CR Cell 011-506-8-910-2904
Margo@ackermanrealtyinternational.com


FOR SALE BY OWNER
You can purchase property in Costa Rica legally without paying Land Transfer Tax; this plus the usual real estate commission of 5% will reduce your purchase price by approximately 11%. Save over $50,000.00 on the purchase of this $465,000.00 property. Large 5000+ sq.ft. House. Ideal for business executive, B & B or large family. E-mail for photos and more information to landofpalms@hotmail.com.
7869-4/6/13

ALAJUELA – PRIVATE COMPOUND OF 4 HOMES - $850,000 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:
7856-5/4/13

For Sale By Owner
1 lot (1.5 acres)  at SIBU (8 lots total) amongst 50 acres of protected jungle gardens with sunset ocean views of Playa Nosara. Underground electric and water.13 minutes from Playa Guiones. Gated. In house financing available. Home of SIBU Sanctuary. jungalow@gmail.com.
7845-8/18/13

Rich Coast Montage
RichCoastRealty.com
Central Pacific Coast Real Estate
- 2-bedroom house in gated community, $92,500.
- Lots in gated community from $20k w/financing available.
- 3-bedroom house in gated community, furnished, walk to the beach, $125k
- 3-bedroom oceanview house on 5 acres subdividable, $270k
- 58-acre oceanview property subdividable, $169k
Oceanfront residential Lot $58k
and much more....
http://www.richcoastrealty.com/
USA Toll Free 1 866 833 4005
CR Cell 011 506 8718 9891
Brendan@RichCoastRealty.com
7829-5/8/13

Ocean view home
Georgeous House For Sale In Costa Rica
Gorgeous house built 5 years ago to U.S. standards on 37,000 sq. ft TITLED property. This is a very special and rare property because of the INCREDIBLE OCEAN VIEW and excellent location. This one of a kind home and property is truly a must see. Ocean view Only $345 000.00 US More details: http://www.monalbum.fr/Album=E3GLBJQX
Jack 506-2778-8172    Email: quadtours@yahoo.ca
7789-2/14/13

just reduced
Just Reduced to $169,000!!!
58-acre oceanview and mountainview property

Segregated into 9 lots, Excellent Development Potential!
20 minutes from the beach Central Pacific Coast, between Jacó and Quepos.
http://www.richcoastrealty.com/1060.html
Brendan@RichCoastRealty.com
USA Toll Free 1 866 833-4005  CR Cell 8718-9891
7766-6/17/13

montage ofr photos
ALAZAN Eco-Friendly Community

- Ocean, mountain, and river views, built in harmony with nature
- 70% sold out, 1.25 acre + lots available from $75,000
- All lots held in separate corporations
- Functioning HOA with 24-hour security and gated front entrance
- 100% custom homes, turnkey construction
- Community homes have been featured in Su Casa Architectural Magazine
- Abundant wildlife on the property, access to 45-acre nature preserve
- Organic Permaculture farm coming soon
- Build your custom dream home and join our community of friends in paradise!
Brokers Welcome
http://www.richcoastrealty.com/1011.html
USA Toll Free 1 866 833 4005
CR Cell 011 (506) 8718-9891
7725-xxxx

Costa Azul view
costa azul ocean
Properties in Osa near the ocean.
50% discount from the valuation price, starting at $30.000.
Financing available. Contact us at +506 2233-7778 or +506 8815-6476.
Grupo Costa Azul – A property waiting for you!
www.grupocostaazulcr.com
7484-9/11/12

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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.

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Gold takes a big tumble
after 12 years of strength

By the A.M. Costa Rica wire services

Even the most fierce gold bulls must be feeling sheepish after bullion tumbled helter-skelter to two-year lows in a couple of days, putting a question mark over how much space the metal should take in portfolios.

After 12 years of unbroken yearly gains, a Reuter's poll of 37 analysts in January found that while they expected the bull run to top out, gold could see record average highs this year and next.

And even if banks had started back-pedaling on predictions that it would beat 2011's record high of $1,920.30 per ounce, most still favored the fundamental case for holding gold as an alternative currency and hedge against inflation.

And then came Cyprus. An assessment of Cypriot financing needs prepared by the European Commission showed on April 10 that the troubled island would need to sell excess gold reserves to raise around 400 million euros to help finance part of its bailout.

On the same day, minutes from the March 19-20 U.S. Federal Reserve meeting showed officials appeared on course to end their extraordinary bond-buying stimulus by year-end, which in turn would relax inflationary pressure.

Gold fell 1.6 percent, but appeared to stabilize the following day before plummeting about 5.2 percent and 8.4 percent on Friday and Monday, as selling caused more selling, the most astonishing two-day move in 30 years.

Prices were about $1,380 per ounce at Tuesday afternoon, having started Friday above $1,560 per ounce.

"Looks like a capitulation, but in an asset that doesn't produce cash flow it is particularly hard to decide where to buy some more and if the move is finished," said Pedro de Noronha, managing partner at London-based Noster Capital.

We were lucky to get out of all our outright long positions in the $1,560's. We are keeping an eye on it, but doing nothing for the time being," he said.

The Chicago Board Options Exchange Gold ETF Volatility Index, often referred to as the "Gold VIX" and viewed as a proxy for investor expectations of volatility, surged on Monday, gaining more than 60 percent as prices slumped to two-year lows.

Investors in gold-backed exchange-traded funds have headed for the door in hordes.

"I don't think anyone thought we'd see the enormous move and volume of selling that we did see. It's done a great deal of damage to investors' confidence," said Sean Corrigan, chief investment strategist at Diapason Commodities Management in Switzerland.

Corrigan added that gold's perceived efficiency as a safe haven had been declining for some time, as the factors that would normally send the market higher had failed to do that, the crisis in Cyprus being a case in point.

There has been a recent spate of gold downgrades by investment banks. Goldman Sachs, also on April 10, cut its gold price forecasts for a second time in six weeks, citing expectations for an acceleration in U.S. economic growth and recent lower prices.

In the wake of the sell-off, prices have lost about 20 percent so far this year and about 28 percent since the record high in 2011.

And demonstrating the drama, trading volume in U.S. Comex gold futures turnover was at 689,000 lots, preliminary data showed Monday, surpassing the previous record of 486,315 lots Nov. 28.

Bank of America Merrill Lynch acknowledged the key triggers were fears of further central bank gold sales in the euro zone following the Cyprus proposal, with fund selling exacerbating the spectacular dive.

The bank added, however: "The gold price collapse is hard to explain when looking at traditional variables such as the trade-weighted dollar or interest rates, raising concerns that the reputation of gold as an alternative to fiat currency may have been damaged."

The jury is out on how long it will take for confidence to return, given that funds are likely to continue beating a retreat and the expectations of global economic recovery, which hurts gold market fundamentals.

Those who remain upbeat on the metal's future say the official sector, central banks, are still keen buyers of gold, and its usefulness as a liquid store of value in difficult times is indeed demonstrated by the Cyprus proposal.

"The body language of central banks doesn't seem on the whole to be sellers," said Deutsche Bank analyst Daniel Brebner.

"I'm doubtful that gold's role would be seriously strained by these three days of extreme volatility. I think there will be certainly a number of institutions that will rethink the wisdom of using gold as an investment, but time will tell if gold is truly a barbarous relic," said Brebner.


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