free webpage hit counter
Ship Costa Rica
A.M. Costa Rica
Your daily English-language
news source Monday through Friday
Hotel and Casino
Perrien Group
Pacific Lots
(506) 2223-1327                        Published Wednesday, May 23, 2012, in Vol. 12, No. 102                           Email us
Real Estate
About us
Jo Stuart
Mar Vista

famous house in Los Yoses
Photo via Alliance Française
A modern barrio

Casa Maroto is one of the homes constructed in the modern styles in Los Yoses after 1948. It represents a break with the past.  This home and more recent history are the topics when Alliance Française has its next walking tour.

An upbeat Watson says he'll work with Costa Rica
By the A.M. Costa Rica staff

Paul Watson, the fugitive conservationist, has pledged cooperation with Costa Rica.

“I do not want to lose the opportunity of actually being able to work hands on with Costa Rica to do what we are most passionate about – the preservation of the shark and marine species of Cocos Island National Park.” he said in a letter on the Sea Shepherd Conservation Society Web site.

Reader letters HERE!

Watson got out of jail in Germany Tuesday. He had been detained on the strength of a warrant issued by Costa Rica. The normally pugnacious Watson was conciliatory in his statements about Costa Rica, which had issued the warrant.

“We do not want to attack the president or the government of Costa Rica,” said Watson. “We would like to approach the Costa Rican government in a positive manner, not simply to resolve this legal issue but more importantly to find a way to work cooperatively with Costa Rica to end the illegal practice of shark finning and to protect the fragile marine eco-systems surrounding Cocos Island.”

Today is a day that the Sea Shepherd organization and supporters promised to meet between 11 a.m. and 1 p.m. in front of German embassies and consulates around the world. The pressure is being exerted so that the German justice ministry will void the possible extradition of Watson.

That seems moot now as Watson appears ready to return to Costa Rica as long as his safety can be assured.

“Our task is to convince the government of Germany that conservation is about being active about taking risks and that the environment must be put before politics,” he said. “Therefore, let us focus our energies on May 23rd towards politely appealing to German Justice Minister Sabine Leutheusser-Schnarrenberger to drop this extradition demand.”

“In return I will make this promise – that I will initiate a cooperative relationship with Costa Rica to protect Cocos Island National Park and the sharks. Costa Rica will have my word on this and the entire world will be on notice that I have made this pledge.”

Watson reflected on his experiences in Costa Rica;

“Ten years ago when this conflict first arose there was a different government and a far stronger shark finning operation. In fact, we felt at the time that  the entire affair was orchestrated to prevent Sea Shepherd and the Costa Rican ministry of the environment from working cooperatively to protect
Paul Watson
Sea Shepherd video clip
Paul Watson outside Preungesheim prison Tuesday.

the Cocos Island National Park. That, unfortunately, is exactly what occurred, and, whereas, we have spent the last 12 years working in positive cooperation with the rangers of the Galapagos and the Ecuadorian federal police, we have been denied the opportunity to work with the rangers of Cocos and the government of Costa Rica.”

Sea Shepherd spokespersons have said Watson's arrest and possible extradition were the work of the so-called shark finning mafia, which also wants to kill him. Shark finning is the capture of sharks and the removal of the fins without using the remainder of the carcass. The injured fish usually is dumped back into the water to die.

Costa Rica has clamped down on fishing boats that unload shark fins in Puntarenas. But the fins still are unloaded in Nicaragua and taken by truck to Puntarenas where they are dried and processed.

Watson gave a press conference outside Preungesheim Prison in Frankfurt, Germany, after he was released on bail.

Watson is expected to be in Berlin, Germany, today when President Laura Chinchilla pays a state visit there to government officials.

The warrant stems from a 2002 incident in Guatemalan waters when Watson's “Ocean Warrior” bumped the side of a Costa Rican fishing boat and sprayed water on the crew. Watson said that the crew was fishing illegally for sharks. The fishing boat owner, captain and crew claim there was physical damage and also damage to the boat.

If that is true, it was not obvious from videos that were taken of the incident and incorporated into the award-winning movie “Sharkwater.”

Watson and Sea Shepherd have pursued the Japanese whaling fleet to the extent that its activities in the Southern Ocean were cut short this year. Japan is believed to be seeking his extradition there to face charges stemming from other confrontations at sea.

exotic properties
Find more about Weather in San Jose, CS
Today's colon
exchange rate
to our  daily digest

Search  our site
Real estate ads
Classified  ads
Tourism and services
Display ad info
Classified ad info
Contact us
Del Rey Memorial Day

Costa Rica Dental Team gif
HRG advertising

Residency in Cost aRica

rss feed graphic
Twitter link
Facebook graphic
Have you seen our crossword puzzle?

Palmas Tamarindo project

Day Star

El Encuentro

association of residents

Hospital Metropolitana

new cocomar banner

Latigo K9

What we published this week: Monday Tuesday Wednesday Thursday Friday Earlier
Real Estate
About us
Jo Stuart
The contents of this Web site are copyrighted by Consultantes Río Colorado 2012 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, Wednesday, May 23, 2012, Vol. 12, No. 102
Real Estate
About us
Jo Stuart

Costa Rica Expertise

pure water

Sportsmen's Lodge

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.

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 jzava@pacbell.net
Tel: (323) 255-6116

Legal services

Lic.Gregory Kearney Lawson.
Attorneys at Law and real estate brokers
Relocation services, Wedding Planning
Greg Kearney
*Investments  *Corporations
*Tax Shelters *Immigration
*Real Estate Sales in Costa Rica
*Name & Product registration
*Business procedures 
*Family and Labor Law
*Locate People   *Private Investigations
Phone: 8841-0007. FAX: 2239-1420.
 Phone: (506) 2232-1014

Attorneys & Notaries
 Tel.  2280-9692 / 2225-9322
e-mail: info@conjuridica.com 
Web:  www.conjuridica.com
       We offer the highest professional standards with very competitive rates. All our official documentation and Notary deeds are always translated in English for better comprehension, client satisfaction and safety.
consultoria logo
• Immigration Law.
• Real Estate Law.
• Corporations, Foundations
       and Associations. 
• Trademarks & Intellectual
• Notary public services
• Criminal Law
•Civil & Commercial 
Our Law Office is conveniently located near Mall San Pedro,  350 meters south from the Subaru dealer, Los Yoses, San José.


U.S. Tax International

Plus Costa Rican taxes, accounting, and legal services
Over 15 years in Costa Rica
(English Spoken)
C.R. 2288-2201   U.S 786-206-9473
FAX: 2231-3300
E-mail: ustax@lawyer.com
Web page with vital U.S. tax info HERE!

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

Uncle Sam's hat
• 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 $
92,900 in 2011}
• 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

Language education

Epifanía Spanish Language School
Spanish for Residents
This Spanish Program is designed specifically for those looking to improve their Spanish while living abroad in Costa Rica. You will study exactly what you need to live in Costa Rica and definitely, you will feel better, because your communication skills grow every day.
     Location: Curridabat
     Program: Two hours per day, two days per week.
Regular Price per month is:   
If you mention this ad: Discount: $  40.00
Special Price:   
If you want more info visit our Web site Epifanía School or call us at 2524-1726 for complete details.
Email: wfreer@epifaniaschool.com

Real estate agents and services

CR Beach logo

CR Beach Investment Real Estate
reminds you that Costa Rica’s #1 beachtown,“the new Jacó,” invites you to see the recent changes:  clean paved roads; more bilingual police; more trendy & tipico restaurants; new a/c movie 4plex & new theatrical-conference center; new central park with activities; more bargain priced properties for sale, and lower priced rentals…
Our agents have been here a minimum of 10 years:
Peter van Hussen, Colin Miller, Frances,  Junior and Owner-Broker Jeff Fisher enjoy helping clients like you find their dream properties.
Let CR Beach show you why we know this is the best area for you to  invest-retire-enjoy!

 Fire sale Deal of the Week: $179,000 Hermosa Beach Bungalow Sunset Special!
Member of the N.A.R., the Costa Rican Real Estate Board CRGAR and the Central Pacific Chamber of Commerce.
www.CRbeach.com    info@crbeach.com
Toll Free: 1-888-782-1119 
Office: 2643-4334, 2643-3672
Located in the heart of Jacó. IL Galeone Center, Jacó, Costa Rica

with Great Estates of Costa Rica

20 years Costa Rican
real estate experience

Member of the Costa Rican Real Estate Association, Lic. #1000

Member of
Costa Rican-American Chamber of Commerce

(506)  2220-3729 &  (506)
8333-8391 cell
(506)  2232-5016 (phone/fax)

Latitude Nine real estate graphic
Latitude 9
Real Estate, Development, Investments.

Manuel Antonio, Costa Rica
506 2777-1197

Over 25 years experience in Costa Rica



Dr. Vargas logo
Dental implants in Costa Rica
Call us: Within C.R.  2225-1189
From USA    1-866-7060-248
Please visit: www.cit-team.com

Marco Cavallini & Associates
Dental Implants and Crowns

Dr. Marco A. Muñoz Cavallini has placed and restored
DR. Cavallini
Dr. Marco A. Muñoz Cavallini
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
Our readers' opinions
Legal system very far
from purported virtues

Dear A.M. Costa Rica:

As a frequent reader of A.M. Costa Rica and former resident of Costa Rica, I had to chuckle when I read the Ministerio de Relaciones Exteriores y Culto statement extolling the virtues and ethics of the legal system in Costa Rica. He was talking about Paul Watson and how the court will treat him fairly. Yeah, right. I guess the legal system works for lawyers that scam property transactions or lawyers that draw out court proceedings on property disputes. And the judges that allow it.

Also Costa Rica is treading on very thin ice as a country that promotes its self as environmentally friendly but looks the other way when shark fining is going on in plain sight. PERTOMA shined a light on that activity. I think Paul Watson will stay out of Costa Rica as will many more tourists when they learn of the virtues of the Costa Rican legal system.
Kevin Burdock
Columbus, Ohio

The end does not justify
the means used by Watson

Dear A.M. Costa Rica:
I have been following the escapades of Paul Watson for the past few years and find him an interesting character, but not one without fault. I applaud Costa Rica for demanding he return to Costa Rica in person for a trial to clear his name. They would make the same demand for me and you if we had skipped bail, as  they have for former presidents of the country! I am all for protecting whales, dolphins, lions, tigers and bears, oh my. But more importantly I am for protecting the order of law. Costa Rica is a country of peace, and Mr. Watson and his followers regularly state on their TV program " the only way to stop us is to sink us!" Hardly a peaceful bunch. In the 18th and 19th centuries the West Indian Trading Company would have hung them!
Mr. Watson feels he can sail his ships around the world with impunity and harass fishermen despite the fact that what they are doing, while perhaps morally against what you or I believe in, is legal in the waters where the whales are hunted and often part of the culture of the people hunting the animals. Regardless of my personal disdain for whaling, I am offended at his self righteousness and the absurd claim that Costa Rica would allow the shark finning mafia to kill him if he was put in prison there. Come on, be realistic, I doubt a man of his celebrity would suffer such a fate, and, indeed, if he would be imprisoned at all, except, of course, he did skip bail the last time.
As far as the tape he has showing the conflict with Costa Rican fishermen, I ask who gave him the right to stop a vessel of a sovereign nation from doing anything legal or illegal. Shark finning is a horrible act, but he is not an arm of any law enforcement entity as I know. In fact, his actions and those of his crew are close to piracy and certainly amount to nothing more than vandalism. The right of law is more important. The end does not justify the means. I believe Mr. Paul Watson may have began his crusade with great intention many years ago. Today he is motivated by self importance, and financial gain. He has a TV show after all that must have new adventures to maintain ratings and support his fantasy as a savior of the environment.
Don't worry about Mr. Watson. Be concerned about the rights of others and yours as well. Where does it stop if he is not held accountable for his acts.
Patrick Mach
St. Augustine, Florida, and La Uruca

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

Costa Rican news summaries are disabled
on archived pages.

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

Top story news feeds are disabled on archvied pages.

Del Rey accommodations

Real Estate
About us
Jo Stuart
What we published this week: Monday Tuesday Wednesday Thursday Friday Earlier
The contents of this page and this Web site are copyrighted by Consultantes Río Colorado 2012 and may not be reproduced anywhere without permission. Abstracts and fair use are permitted.  Check HERE for details

Cocomar Rollover
Samantha's girls

A.M. Costa Rica Third News Page
San José, Costa Rica, Wednesday, May 23, 2012, Vol. 12, No. 102
Real Estate
About us
Jo Stuart

Los Yoses walking tour promises a visit to the 1950s and 1960s
By the A.M. Costa Rica staff

Los Yoses east of San José is best known as the location of the Centro Cultural Costarricense Norteamericano where thousands of Ticos have learned English. The area also is known as the present site of a supermarket and the building called Subaru, although that car dealer has moved operations elsewhere.

There is a former coffee plantation divided by Avenida Central. The majority of the area is within the Municipalidad de Montes de Oca.

But there is plenty of history here, and Alliance Française is organizing one of its walking tours with architect Andrés Fernández to prove the point. The title of this trek is “La Modernidad Josefina: El Barrio Los Yoses.”

The French cultural organization and Fernández have covered San José neoclassical, barrios, the surprisingly historic Barrio México and the churches of the downtown.

The excursion into Los Yoses is June 9, starting at 9 a.m. from the Instituto Cultural Mexicano, which is 250 meters south of Subaru.

This is by no means a colonial area. Until about 1947 the land was the Los Yoses coffee farm that was the property of  Francisco Montealegre. The name comes from the yos tree (Sapium glandulosum), which grew in the area. According to Alliance, it was not until after the 1942 death of  Montealegre that his heirs began to develop the area, first along what is now Avenida Central, the four-lane main drag.

Young architect Jorge Borbón Zeller and some of his other foreign educated contemporaries found the area perfect for developing their modern style with straight lines and large windows. They designed many fine homes, and the area was an upscale neighborhood. Some sections, such as Barrio Dent, still are.

Los Yoses stretches to the south to the Río Ocloro and to the east to the Circunvalación highway. A major structure is the Mall San Pedro and the famous Fuente de Hispanidad at the
Fatima church
Photo via Alliance Française
Church of Nuestra Señora de Fátima

Photo via Alliance Française
 Photo of supermarket appears to be from the 1960s. The
 store still is in operation.

mall traffic circle. Alliance says that the barrio contains the
biggest accumulation of international style architecture to be found in the Central Valley.

Other architectural points of interest include the church of  Nuestra Señora de Fátima and a multi-story structure for the Institute Costarricense de Electricidad.

Alliance is soliciting reservations for the guided tour. The walk ends back at the Mexican institute for lunch and a discussion. Those interested can contact the organization at its three offices, Barrio Amón, La Sabana and Heredia.

Four more held in double murder of Austrian expats in the Osa
By the A.M. Costa Rica staff

Investigators have detained four more persons in the Christmas 2009 murder of two Austrian expats in Puerto Jiménez on the Osa peninsula. One of those detained is a police officer.

The Poder Judicial said Tuesday that genetic tests from the mother and sister of one of the victims was key in identifying his remains.

Agents believe the motive was to obtain ownership of the real estate, vehicle and other belongings of the men. In fact, one of the suspects was driving the expats' car shortly after the pair went missing.

The victims are Horse Hauser, 67, and Herbert Langmaier, 65. they lived in Dos Brazos de Río Tigre, Puerto Jiménez. Hauser had been living here for at least 20 years.

Both come from the same Austrian town.

Agents have been on the case since the men disappeared, but there was little they could do without a body. They did find blood in the home the men shared. But it was not until March
2011 that a bag containing bones washed up in Playa Ciénaga. The bag was found by persons collecting rocks at the beach near Puerto Jiménez.

The remains of Hauser were identified shortly thereafter with the help of Austrian authorities, said the Poder Judicial. Langmaier's remains were those that have just been identified. An autopsy showed that both men suffered blows to the head.

Agents detained one man, identified by the last names of Rojas Santamaría, last Sept. 25. He has been in preventative detention since. He is believed to be the man who administered the fatal blows.

Agents detained a woman with the last name of Rojas, a sister of the man already in custody Monday afternoon in Dos Brazos. She is 29 years old. A 33-year-old man with the last name of Muñoz was detained at the same time by agents of the Judicial Investigating Organization. Also detained was a man with the last name of Murillo. He is 24.

The police officer, who has the last name of Obando, was detained at work in the police station in Pital de San Carlos, Alajuela.

Del Rey nightlife

You need to see Costa Rican tourism information HERE!

Real Estate
About us
Jo Stuart
What we published this week: Monday Tuesday Wednesday Thursday Friday Earlier
The contents of this page and this Web site are copyrighted by Consultantes Río Colorado 2012 and may not be reproduced anywhere without permission. Abstracts and fair use are permitted.  Check HERE for details

Fish Fabulous Costa Rica
renes law firm
A.M. Costa Rica's Fourth News page
San José, Costa Rica, Wednesday, May 23, 2012, Vol. 12, No. 102
Real Estate
About us
Jo Stuart

Lawmakers move to ban sale or rental of liquor licenses
By the A.M. Costa Rica staff

Legislators again passed an update of the law regulating the sale of alcohol Tuesday. The bill was one of three given an initial approval during the Asamblea Legislativa's afternoon session.

Lawmakers also passed measures addressing online crimes and drugs and money laundering.
The big change in the alcohol measure is that those who have alcohol licenses are prohibited from selling, renting or otherwise putting them in the hands of another party. Such activity is usual here, and many popular nightspots run on a rented liquor license. Lawmakers called this a black market.

The bill received passage earlier, but the Sala IV constitutional court on review found a number of flaws that have been addressed.

The measure also increases what license holders pay to the municipality. Some licensees have been paying as little as 75 colons every three months.

The bill retains the E license that allows alcohol sales 24 hours a day in establishments that receive approval from the Instituto
Costarricense de Turismo, such as hotels, restaurants and  casinos. In all there are five major categories of licenses.

The Internet bill outlines online crimes that are not addressed by other laws and provides a prison term of from three to eight
years for corrupting minors with pornography and from four to 10 years for using the Internet to arrange sexual encounters with minors.

Another section provides three to six years in prison for intercepting or using online communications, photos or data. These acts are characterized as damage to intimacy or privacy.

The money laundering and drug measure provides for the speedy distribution of money and goods that are confiscated during police actions. Now there is a long wait while the criminal case is adjudicated. The new rules provide for the sale with the provision that if the individual is acquitted of the crime, the goods will either be restored or compensation will be made.
All of the proposed laws require a second vote, although there does not seem to be any strong opposition. Each probably will be challenged in the Sala IV, too. And the Internet bill may prove to be unenforceable because of the universal nature of online activities.

Discovery of intact tomb
made at famous Peruvian site

By the Université libre de Bruxelles news staff

European archaeologists have discovered a pre-Columbian tomb in Perú with more than 80 bodies.

The tomb is from the year 1000, the researchers said. It is at the famous Pachacamac site about 30 kilometers (19 miles)_ from Lima.

Peter Eeckhout, a professor in the Faculté de Philosophie et Lettres, at the Brussels, Belgium, university has been working at the site. The oval tomb is about 20 meters in length, more than 60 feet, and was reported to be intact. There has been no incursions by grave robbers, said the university.

The discovery raised a lot of questions that researchers are trying to answer. There were at least a dozen infants in the tomb. Scientists speculated that many might be from the same genetic line or that the individuals were the result of some form of epidemic. There also is the possibility that the tomb was used for a long period.

The Pachacamac complex is being studied for inclusion in the U.S. list of world heritage sites.

Perú dig
Université libre de Bruxelles photo
This is the site near the Pachacamac temple.

Proposed rules published for compliance with anti-tobacco law
Special to A.M. Costa Rica

The Ministry de Salud has published proposed rules to enforce the new tobacco control law that was published March 26.

If approved by President Laura Chinchilla Miranda,  the 79- page document will end any lingering doubts on the part of businesses and individuals as to their rights and obligations under the law. Many were surprised when the ministry issued a sweeping ban on public smoking just weeks after the law was passed, instead of waiting the full six months provided by the law.

Proposed rules reaffirm the smoking ban and require in some circumstances larger non-smoking signs. One article explains exactly how visually impaired and blind persons must be informed of the prohibition. The document continually cites the explicit, legal right of non-smokers to enjoy public spaces free of tobacco. There is no mention of any rights for smokers.

Implications exist for business owners and employers. Under the law they can be fined for failure to protect the rights of non-smokers. The health ministry also would set up a national registry of unpaid fines. Companies listed there might not be able to renew business licenses and permits.

Employers would also have obligations under the proposed rules. The prohibition and sanctions on employees smoking at work would have to be documented in policy manuals, and it would be possible to fire an employee for smoking at work. Employers would also be required to give time off for employees to attend smoking-cessation programs. The national health care system or Caja must pay for and offer these programs, which would be accredited by the health ministry.
Public schools would also educate children as to the dangers of tobacco use.

The bulk of the proposed rules actually deal with the marketing and sale of tobacco products. Businesses that sell tobacco would essentially be forced to make the product both invisible and inaccessible to customers. For example, grocery stores would have to put opaque covers on the cigarette bins, and a cigar store might comply by installing locks and opaque glass on their humidors. The law effectively ends any kind of tobacco brand recognition, apart from word of mouth promotion. Even cigarette packages would consist of more space for warning labels than brand name. Advertising is prohibited. The proposed time for compliance is between three and 12 months from publication of the final rules.

The enforcement of a similar Spanish law has reduced the percentage of smokers from 40.3 percent to 35.3 percent and consumption among the working population, a report said this week. This decline applies to men and women of all ages and occupations.

A pioneering study, carried out by the Society of Prevention of Ibermutuamur, an insurance organization, analyzed the consumption of tobacco in the working population during the first months of application of the law. This law extended the smoking ban to all enclosed public spaces, including bars and restaurants.

Between 1 July 2009 and 30 June 2011, the development of the percentage of smokers and tobacco consumption in a sample of 413,473 workers of all ages and occupations was assessed. The conclusions are published this month in the journal Revista Española de Salud Pública.

Real Estate
About us
Jo Stuart
What we published this week: Monday Tuesday Wednesday Thursday Friday Earlier
The contents of this page and this Web site are copyrighted by Consultantes Río Colorado 2012 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
San José, Costa Rica, Wednesday, May 23, 2012, Vol. 12, No. 102
Real Estate
About us
Jo Stuart

Medical vacations in Costa Rica

Facebook public offering
getting more scrutiny

By the A.M. Costa Rica wire services

Massachusetts' state secretary, the state's top securities regulator, has subpoenaed investment firm Morgan Stanley over allegations it may have withheld information about the future revenue of Facebook.

Shares in the world's most popular social network were sold in an initial public offering Friday at $38 each.  The price of Facebook stock has since dropped to $31 a share - more than 18 percent.

The Reuters news agency reported Tuesday that analysts with Morgan Stanley, the top underwriter of Facebook stock, revised their revenue outlook downward in the days before Facebook went public.  The revision was based on a stock prospectus issued by Facebook.

Reuters reports the analysts allegedly shared that information with large investors but held it back from small investors who bought Facebook stock at $38, expecting the price to rise.

The Securities and Exchange Commission and Financial Industry Regulatory Authority have called for a review of Facebook's public offering.

Private rocket into space
finally achieves liftoff

By the A.M. Costa Rica wire services

The private U.S. company Space Exploration Technologies, known as SpaceX, successfully launched its Falcon 9 rocket and reusable Dragon space capsule from Cape Canaveral in Florida before dawn Tuesday.

"Three, two, one, zero and launch of the SpaceX Falcon 9 rocket, as NASA turns to the private sector to resupply the International Space Station," announced NASA launch commentator George Diller as the rocket, carrying the Dragon space capsule, soared into the dark sky, creating a blaze that made it look like a six-pointed star.

The unmanned Dragon capsule is heading to the International Space Station, an orbiting lab that zooms around the Earth at more than 32,000 kilometers per hour.  It is the first time a private spacecraft has attempted to catch up to the orbiting lab, a feat that has only been achieved by the United States, Russia, Europe and Japan.   

NASA Administrator Charlie Bolden grinned as he spoke to journalists at the Kennedy Space Center in Florida after the successful launch.

"The significance of this day cannot be overstated," said Bolden.  "A private company has launched a spacecraft to the International Space Station that will attempt to dock there for the first time.  And, while there is a lot of work ahead to successfully complete this mission, we are certainly off to a good start, and I hope you would all agree on that."
SpaceX CEO Elon Musk watched the launch from company headquarters in California, and he spoke to reporters at a post-launch news conference at the Kennedy Space Center via video conference.  Musk said his adrenaline was pumping at launch time. 
"There is so much hope riding on that rocket, so when it worked and Dragon worked and the solar arrays deployed, people saw their handiwork in space and operating as it should. I mean it was tremendous elation," Musk said.  "I mean, it is like, I guess, for us, it is like winning the Super Bowl," he added, referring to the championship game of American pro football.

If all goes according to plan, the space station crew will use the station's robotic arm to capture the Dragon for docking on Friday.  

The Dragon is carrying more than 500 kilograms of cargo, including commemorative patches, clothing, meals and student experiments.  Nothing is considered critical to the space station's crew.  Astronauts will then load up Dragon with items they no longer need and, if all goes well, the space capsule will splash down in the Pacific Ocean, west of California, May 31. 

NASA has invested more than $380 million in SpaceX's commercial cargo capabilities.  SpaceX has a $1.6 billion NASA contract to handle 12 missions to resupply the ISS.  SpaceX officials say those flights could begin later this year.

Tuesday's successful launch comes three days after a launch attempt was aborted at the last second when the flight computer detected slightly high pressure in an engine combustion chamber.  SpaceX engineers later discovered and replaced a faulty check valve.

The U.S. space agency is looking to private companies to handle low-Earth orbit transportation so NASA can focus on developing the next generation of spacecraft that can go to destinations beyond, such as asteroids or Mars.


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

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

A.M. Ecuador A.M. San Salvador
A.M. Bolivia

Real Estate
About us
Jo Stuart
What we published this week: Monday Tuesday Wednesday Thursday Friday Earlier
The contents of this page and this Web site are copyrighted by Consultantes Río Colorado 2012 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

Looking for a story from a past edition?

See our search page
San José, Costa Rica, Wednesday, May 23, 2012, Vol. 12, No. 102
Real Estate
About us
Jo Stuart

Costa Rica Reprot promo

Latin America news
INBio planning to count
its variety of wild things

Special to A.M. Costa Rica

The Instituto Nacional de Biodiversidad, known as INBio, is marking international biodiversity day with an activity this weekend at its park in Santo Domingo de Heredia. The so-called “bio-blitz” will catalog as much of the outdoor facility’s animal and plant life as possible in a 24-hour period. With the participation of the public, the institute’s researchers will make identifications.

Certain biological classes will be covered with their respective experts in two-hour blocs during the 24-hour run. The schedule is HERE! The nighttime hours are dedicated to insects.

The Bioblitz activity starts at noon Saturday and continues overnight to noon Sunday. Entrance for adults is 3,750 colons, children up to 12 years pay 2,600, and seniors pay 3,000. Usual weekend park hours are 9 a.m. to 5:30 p.m. with last admission at 4 p.m. Admission after 3:30 p.m. has a reduced rate. The park is also open to the public Fridays from 8 a.m. to 5 p.m. with last call at 3 p.m.

The format is similar to a recreational bird watching activity where a team attempts to see or hear as many species in a day as possible. The record 308 in Costa Rica is the second highest in the world after Perú.

Country wants to join
group with black list

By the A.M. Costa Rica staff

President Laura Chinchilla Miranda told an international financial organization that Costa Rica was ready to join, according to Casa Presidencial.

She was speaking in Paris, France, before the Organization for Co-operation and Economic Development. The organization says that its mission is to promote policies that will improve the economic and social well-being of people around the world. However, it made Costa Rica nervous when it put the country on a black list as a tax haven in 2009.

Costa Rica has been working to change that by creating systems so that individual financial information here is more accessible to tax-collecting agencies around the world.

The president is on a two-week European tour. She visits Germany today.

Latin American news feeds are disabled on archvied pages.

Costa Rican News
Retire NOW in Costa Rica

Real Estate
About us
Jo Stuart
What we published this week: Monday Tuesday Wednesday Thursday Friday Earlier
The contents of this page and this Web site are copyrighted by Consultantes Río Colorado 2012 and may not be reproduced anywhere without permission. Abstracts and fair use are permitted.  Check HERE for details