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| A.M. Costa Rica's Second news page | |
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San
José, Costa Rica, Friday, Sept. 6, 2013, Vol. 13, No. 177
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in Playas del Coco home By
the A.M. Costa Rica staff
Gunmen on bicycles assassinated two businessmen in Playas del Coco Wednesday afternoon. The dead men were identified by the same last name, Dávila, and were reported to have died from multiple gunshot wounds, said the Judicial Investigating Organization. The men operated a sea food store in the beach community. They were confronted in the hallway of their adjacent home, and investigators think that one person killed a 33-year-old victim while the other gunned down a 55-year-old victim. The killers initially passed themselves off as customers, agents said. Witnesses told investigators that the killers fled on bicycles, too. The 33-year-old suffered three wounds to the head and two in the stomach, while the other man suffered two wounds to the stomach and one to the face, said the Judicial investigating Organization. The younger man died at the scene and the older man died while being transported to a medical clinic, agents said. They attributed the murders to personal problems. The killings, which took place about 5:30 p.m., were a shock to expats living in the community., One reported that police plan a meeting with citizens Monday to discuss what people fear is growing lawlessness. Regulating agency hikes fares for nation's taxi fleet By
the A.M. Costa Rica staff
Taxi fares are going up 10 colons, the Autoridad Reguladora de los Servicios Públicos said Thursday. The basic rate of 595 colons will go to 605 as well the rate for each additional kilometer. Taxies at Juan Santamaría will maintain the same rate because there is a legal dispute over the concession there. The regulatory agency said that the operator of the airport taxis, Taxis Unidos Aeropuerto Internacional Juan Santamaría S.A, failed to pay a concession fee for three years running, and that the Ministerio de Obras Públicas y Transportes is seeking another firm to handle the business. The increase of 10 colons is about two U.S. cents. Ministerio de Gobernación,
Policia
y Seguridad Pública photo Anti-drug
police detained three when they raided
a marijuana plantation Thursday in Siquirres. Note the face mask on the agent handling the fire. Anti-drug police
destroy
big harvests of marijuana By
the A.M. Costa Rica staff
Agents of the Policía de Control de Drogas say they destroyed 57,482 marijuana plants in the last seven day. They said that 4,557 of these were destroyed in Siquirres where the 44-year-old owner of a finca was detained. Two other persons there also were arrested, agents said. They added that aircraft of the Servicio de Vigilancia Aérea had spotted the individuals. Agents also destroyed plants in San Rafael de Bordon, Shorbeta, Bajo Bley and Bocuare, all Talamanca. The mountains in the southeastern part of the country contain many small marijuana patches. But no one was detained in these operations, they said. Four quakes mark anniversary
of the 7.9 event off Sámara By
the A.M. Costa Rica staff
Mother Nature commemorated the first anniversary of the Sámara earthquake by providing four more Thursday. The first was at 6:29 a.m. some 79 kilometers west of Tamarindo in the Pacific Ocean. The magnitude was reported to be 5.8, said the Laboratorio de Ingeniería Sísmica at the Universidad de Costa Rica. The Laboratorio said that the Thursday quake was so far from the coastline that it most likely was not related to the 2012 quake. A second quake at 12:31 p.m. had an epicenter two kilometers north northwest of Nosara. This is in an area that has seen repeated quakes generated by the 7.6 magnitude Sámara quake. The Laboratorio reported two afternoon quakes. The first at 4:34 p.m. was about 58 miles west of Cabo Vela in Santa Cruz on the north Pacific coast. The magnitude was 4.5. Then at 5:54 p.m. a fourth quake took place about 73 miles west of Cabo Vela, said the Laboratorio. This one had a magnitude of 4.8 and was felt in Santa Cruz and in Nosara, according to the Laboratorio. Also Thursday morning, Sámara resident Belle Richardson reflected on the quake a year ago. In an email she said she had told friends that there probably would be a quake Thursday because it was the anniversary of the 2012 event. She wondered why there was not a news story in A.M. Costa Rica about the anniversary. She said that Thursday night a large party was planned to mark the one-year anniversary and that there is gathering today in the mountains east of her town at the restaurant where many residents sought refuge after the early morning quake a year ago. They feared a tsunami. "Many new friendships were made after the quake as people bound together to support each other and wait it out," she said. "For all of us still here it's beautiful to see how our small community continues to hold itself together months after the frightening experience."
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| 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 S.A. 2013 and may not be reproduced anywhere without permission. Abstracts and fair use are permitted. Check HERE for details | ||||||
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A.M. Costa Rica Third News Page |
A.M.
Costa Rica advertising reaches from 12,000 to 14,000 unique visitors every weekday in up to 90 countries. |
| San José, Costa Rica, Friday, Sept. 6, 2013, Vol. 13, No. 177 | |
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| Readers express their opinions on the
country's new logo |
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By
the A.M. Costa Rica staff
Nearly all readers who responded to the invitation Thursday to comment on the country's new Esencial Costa Rica logo said they did not like it or understand it. Many preferred the slap-dash logo created by A.M. Costa Rica editors. Although editors are confident that the creation of the national logo was a transparent process, some reader thought the final product hinted at corruption or misuse of funds. Considering other cases of corruption in the country, they can be forgiven their concern. Some hit on what probably is the real difficulty in creating this logo or slogan to represent the country: It was the product of a committee. Jorge Sequeira, the general manager of the country's promotional organization, was the chairman if the inter-institutional committee that designed the logo. The organization is the non-profit Promotora de Comercio Exterior. Here are all the opinions of readers that were received by 5 p.m. Thursday roughly in the order they came in: Phillip
Steward
Houston, Texas and formerly of Costa Rica Del
Trobak
Your logo is eye-catching, interesting, and actually conveys a lot about the country. (I'm not crazy about the big red "It's Great" but that could easily be replaced with a different catch phrase, maybe something like "Pure and Natural" in rainbow colors (a 30-second idea.) Altogether, your 5-minute mock-up far surpasses the lame 5-year project results of whoever or whatever committee put that logo together. Glen
Love
Philadelphia, Pennsylvania Dominical Robert
Russell
Santa Ana Michael
Connolly
Santa Cecilia de San Isidro de Heredia Richard
Orr
Monroe, Connecticut Martha
Usztan
Playa Hermosa Karl
Van Horn
Tinamastes Abigail
Novoa
Loren
B. Ford
Grecia Jaime
Fernandez
New Orleans Esteban
Acedo.
Quepos Options in English: Let go, Experience letting go, Experience true richness. Enhance your life, Join nature. It's time for wild. Options in Spanish: Vida rica, Mejora tu vida, Es el momento, Encontrar su pura vida, Naturaleza está llamando Costa Rica should be on the top of the logo with the tagline following. The font should be simple and classy. The tagline could even be the same or similar font only italicized. The images should be additions and used only when it makes sense. Illustrations as opposed to photos would be my recommendation. Scott
Dinsmore
Ojochal Margo
Ackerman
Orosi Rudi
& Odette Koster
Playas del Coco, |
The
choices that were presented Thursday
Jim
Saxon
Heredia Nothing to denote the natural beauty of Costa Rica. I have been to Costa Rica 12 times in the past 9 years, and this logo should be thrown out. Sylvia
Mastandrea
New York City. San
Ramon de Alajuela
Michael
Moncarz
vita de Osa, Puntarenas J.
Britt Henry
San José David
Dion
Boquete, Panama Helen
Dunn Frame
San Rafael de Santa Ana. Joseph
Lassiter
Playa Hermosa, Guaancaste Joanne
Carter
Rohrmoser ?
It is esential to understand that the toucans are hard to find these
days Better let school children come up with a new logo!John
Manners
Pavas Centro Harley
Toberman
Playa Dominicalito Deborah
Gallagher
Silverton, Oregon O.
Lamoree D.
And what does "esencial’ have to do with tourism, eco-tourism, or a new country to move to, or what does it have to do with business? It’s asking too much of me the reader to decipher what it says literally and then to interpret its significance—It should just reach out and grab me intuitively, not analytically. Your "humble effort’ is much more effective, but I would place "Costa Rica’ at the top of the logo rather than at the bottom. Costa Rica
It’s Great! I get it without effort in all its splendid glory. Christen
Lynn
Puerto Viejo de Limon Claudia
MK Leon
Atenas Mountain Home, Texas Linda
Templeton
Playas del Coco |
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| Syrian situation appears to be beginnings of a Vietnam replay |
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| I
have been fretting all week over what has been going on in Washington,
D.C., where the administration is trying to convince Congress to okay
the bombing of Syria to teach President Bashar Assad that using weapons
of mass destruction (in this case, alleged sarin gas) in the deadly
civil war that has been raging for a couple of years is a crime. Like many Americans, I am weary of war, and have been for many years, which is one reason I moved to Costa Rica. Other expats, friends of mine and I have been emailing our concerns and opinions to one another. So far no one has said “Good idea.” One friend, however, is concerned about the morality of not acting. The debacle in Iraq and the long pain of Afghanistan are still fresh in many people’s minds, and they are comparing this situation with those two. I see it more in terms of Vietnam. The history is long, beginning even before the Eisenhower Administration (and curiously, France was involved with the Vietnamese, just as they have been with the Syrians). But we started with “advisers” and then a response to a questionable attack. And soon we were involved in one of the most vicious long-lasting civil wars in history. The domino theory figured large then, and a new domino theory postulated by Sens. McCain and Graham, both of whom remember well the Vietnam war, is being articulated about Syria and the surrounding countries. Only this time, it is not the Commies who will take over, it is a variety of terrorists, and Hezbollah, and the threatened countries are those of the Middle East. CNN has been covering this debate and discussion nonstop all week and then on Wednesday night, in a stroke of programming genius, CNN followed a grueling day of discussions on Syria, with the re-run of an hour long documentary on the raid on the compound of the Branch Davidian Christians and their leader, David Koresh in Waco, Texas. This happened 20 years ago. And it made me think how prophetic. It all started when the Bureau of Alcohol, Tobacco and Firearms suspected that David Koresh and his followers were turning automatic rifles into machine guns (the first WMD’s, if you will) before reselling them. The FBI got involved |
when they learned that Koresh was having sex with underage girls. The government’s armed troops attempted to deliver arrest and search warrants to Koresh. Everything escalated, probably due to the fact that both sides had weapons and the rest, we know, is history. After 61 days of a standoff, negotiations and a raid, four agents died and 76 Branch Davidians were killed, including 21 children. Whether the children died as the result of collateral damage, friendly fire, or the fire that engulfed the compound, is unclear, but for them dead was dead. They will never grow up. Afterwards, Janet Reno, the attorney general, said, “It was all a terrible mistake. We were trying to save the children.” The negotiators claim that they could have saved more people had they been allowed to continue their conversations with Koresh. In today’s world of muddled morality and ever more powerful armaments, it is difficult to say how to respond to acts of aggression. Humanity has long forgotten Christ’s advice to turn the other cheek, the meek have yet to inherit almost anything, and the caution to beware of judging lest you be judged is irrelevant since the victors write history and command the airwaves. Meanwhile in our own little world of Central American, President Ortega of Nicaragua has decided he would like to re-annex Guanacaste, no matter that the people, a long time ago chose to be part of Costa Rica. I would like to suggest to President Laura Chinchilla that she declare a day of laughter. People can gather in town squares and even in barrios and laugh and laugh at the silliness. Unfortunately, there are some events that cannot be laughed away. |
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| You need to see Costa Rican tourism information HERE! |
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| 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 S.A. 2013 and may not be reproduced anywhere without permission. Abstracts and fair use are permitted. Check HERE for details | ||||||
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| A.M. Costa Rica's Fourth News page | |||||
| San José, Costa Rica, Friday, Sept. 6, 2013, Vol. 13, No. 177 | |||||
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| Traffic still moving in just one lane in either direction on
Circunvalación |
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By
the A.M. Costa Rica staff
Traffic on the Circunvalación southern bypass still was down to one lane in each direction Thursday while workers tried to get two more bailey bridges into service. The Consejo Nacional de Vialidad said that the fourth bridge finally was in position and that what remained was constructing access ramps. Traffic now passes over the site of a major washout on two bailey bridges. Weather permitting, officials hope to have four bridges in service by the weekend. Even in the best of times, traffic is slow going on some parts of the four-lane highway. The washout took place in the westbound lanes between Hatillo 8 and the Pavas turnoff. That is an area notorious for slow weekday traffic because of signals at the Hatillo cross street and grades on the highway itself. |
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| 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 S.A. 2013 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 |
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| San José, Costa Rica, Thursday, Sept. 5, 2013, Vol. 13, No. 176 | |||||
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Brazil sets up
infrastructure
to avoid spying for foreigners By
the A.M. Costa Rica wire services
Can any government escape the prying eyes of the U.S. National Security Agency? Brazil is going to try. Angered by recent revelations that the United States spied on its emails and phone calls and even its president, Brazil's government is speeding up efforts to improve the security of its communications and hopefully keep more of its secrets under wraps. By purchasing a new satellite, pushing bureaucrats in Brasilia to use secure email platforms and even building its own fiber-optic cable to communicate with governments in neighboring countries, Brazil hopes to at least reduce the amount of information available to foreign spies. The growing emphasis on secure communications has been a somewhat tough sell in a famously relaxed country that has no history of international terrorism and hasn't gone to war with any of its neighbors in more than a century. Brazilian officials also admit they face the same problems as many other countries upset by the recent NSA disclosures. That is, building new technology is expensive and difficult, and even then there is no guarantee of fully dodging the sophisticated dragnet employed by the U.S. government. Nonetheless, Brazil is particularly motivated to act. More than most other countries, it has been embarrassed by documents leaked by fugitive former NSA contractor Edward Snowden. A report by Globo TV on Sunday displayed a document with a diagram showing communications between President Dilma Rousseff and her top aides, which it said was part of an NSA case study on its own powers of espionage. Ms. Rousseff was so angered by the news that she may cancel a planned state visit to the White House next month. That followed a report in July that the NSA had used secret surveillance programs to spy on emails and collect data on telephone calls in Brazil and other Latin American countries. In response, the U.S. government has said it monitors the patterns of communications in order to detect potential threats to security, but it does not snoop on ordinary people. Bureaucrats working in Brasilia's modernistic government buildings have had encrypted email services, including a local platform known as Expresso, available to them for years. But it wasn't until the recent disclosures that many officials realized their value, said Marcos Melo, a manager at Serpro, the state-run communications company that created Expresso and provides the government with secure databases. “Now people understand the risk you run of not protecting your communications,” said Melo. “When we started investing in Expresso six years ago, they said: 'Why bother developing a new tool if Gmail exists and is free?'.” The first wave of spying disclosures in July included documents showing the NSA and the Central Intelligence Agency jointly ran satellite monitoring stations in 64 countries, including one based in a residential neighborhood of Brazil's capital, Brasilia. Coincidence or not, Brazil has made key decisions in recent weeks to gain more independence in the skies above. Within weeks, it picked Thales Alenia Space, a consortium led by Europe's largest defense electronics company, France's Thales, to build a satellite that will be shared by Brazil's government and armed forces. Much of the Brazilian government's communications, including those of the military, rely on a satellite owned by a company controlled by Mexican billionaire Carlos Slim. Brazil cannot control its angle let alone the security of its channels. The new satellite provided by Thales will be launched from neighboring French Guiana in 2016. The total cost, including the satellite, launch and insurance, will be $600 million to $650 million. President Rousseff's trip to visit Obama is called off By
the A.M. Costa Rica wire services
Brazilian President Dilma Rousseff has halted advance preparations for a state visit to Washington next month. A statement from President Rousseff's office gave no reason for the cancellation. However, the announcement followed official demands for an explanation of allegations this week that the U.S. National Security Agency intercepted President Rousseff's communications. The immediate effect of Thursday's action canceled a planned trip to Washington by an advance team of Brazilian officials preparing for the scheduled Oct. 23 visit. Separately, President Barack Obama and President Rousseff met Thursday in Russia, on the sidelines of the Group of 20 economic summit in St. Petersburg. No details of their conversation were immediately available, but Obama's adviser Ben Rhodes said the U.S. is working to resolve the dispute through diplomatic and intelligence channels. Rhodes told reporters at the summit: "We understand how important this is to the Brazilians. We understand their strength of feeling on the issue." The disclosure of U.S. intercepts of Brazilian state communications came from documents copied illegally by Edward Snowden, a former NSA contractor. An American-born journalist who lives in Brazil and is a confidant of Snowden's said this week that the NSA had access to the entire communications network of President Rousseff and her staff, including all telephone, Internet and social-network exchanges. Without commenting on classified U.S. activities, White House adviser Rhodes said, "What we're focused on is making sure the Brazilians understand exactly what the nature of our intelligence effort is.'' Three candidate cities await vote on 2020 Olympic games By
the A.M. Costa Rica wire services
The International Olympic Committee is meeting in Buenos Aires, Argentina, this week and will vote Saturday on the host city for the 2020 Summer Olympics. The three bidding cities are Tokyo, Istanbul and Madrid. While Japan's capital is considered the favorite, the country has had to deflect concerns over a radioactive water leak from the crippled Fukushima nuclear power plant. Tokyo bid committee president Tsunekazu Takeda says enthusiasm for the city’s bid has been growing steadily. "People are excited to imagine Tokyo transformed to a city center party as never before," he said. "And we Japanese people have always loved sports, and our TV ratings of the Olympic and Paralympic Games are among the highest in the world." Istanbul's candidacy is uncertain because of the current political situation, but the city's bid chief, Hassan Arat, said bidding for the games has left a lasting sporting legacy for Turkey and the world regardless of who wins the 2020 hosting rights. "The bid has really inspired people," he said. "The last IOC public poll supported Istanbul — 83 percent, the highest among these three cities." Madrid has tried to deflect questions about its 27-percent unemployment rate and national economic struggles. Alejandro Blanco Bravo, Madrid’s bid committee chairman, said bringing the games to Spain's capital would transform the society. “The situation that we have experienced in Spain, in Europe, and in the world, indicates that there is a significant lack of values," he said. "Sport can provide us with them, and the Olympic Games are the greatest expression of these values." Madrid has failed in three prior attempts to become Olympic host. It was runner-up to Rio de Janeiro, Brazil, which is staging the 2016 Summer Games. Venezuelans reel after outage that hit two-thirds of nation By
the A.M. Costa Rica wire services
One of the worst power outages in Venezuelan history has given a jolt to President Nicolas Maduro's government and revived opposition accusations that its socialist policies and incompetence are wrecking the country. Even though Venezuela's 29 million people have endured sporadic blackouts since 2009, there was widespread shock at the extent of this week's outage across two-thirds of the nation. In the capital, Caracas, which the government strenuously shields from rationing, the power went off throughout Tuesday afternoon, causing chaos on the streets. “This isn't the Third World, it's the Fifth World!” griped student Marilyn Morales, 26, recounting how first she was trapped in underground transport, then had to lend a doctor her iPhone to use as a flashlight during an appointment in a dark clinic. Some Venezuelans in the provinces said it was about time the privileged residents of the capital, known as “caraquenos,” saw what they endured regularly. Maduro, a 50-year-old former bus driver who narrowly won a presidential election this year after the death of his mentor and former leader Hugo Chávez, accused the opposition of deliberately sabotaging the grid to discredit him. “Everything seems to indicate that the extreme right wing has revived its plan for an electricity coup,' he said, announcing a new Chávez-style initiative, Mission Electricity, to guard and improve the grid. “I urge the electricity workers and people to help in the fight to protect the system from sabotage.” Maduro has not yet provided concrete evidence of sabotage, and troops have been guarding important installations since similar accusations in the past. Though Venezuela's well-funded opposition movement certainly has its radicals, and plenty of machinations plagued Chavez' 14-year rule, Maduro's daily accusations of assassination and coup plots are straining credulity for many Venezuelans. Opposition leader Henrique Capriles, who still contests Maduro's election victory in April and hopes to make gains against the ruling party in December local elections, led lampooning of the sabotage claims. “The power cut shows once again the terrible incompetence of this government,” said Capriles. He was in the middle of a webcast with journalists where electricity shortages were under discussion when the lights went off on him. “They'll make up any old story to distract Venezuelans,” added Capriles, 41, who governs Miranda state. Opposition politicians accuse officials of stealing money and failing to invest properly in state-run power company Corpoelec after Chávez nationalized the sector in 2007 during a sweeping state takeover of much of the economy. The electricity sector is just one in a bulging in-tray of problems Maduro faces as he seeks to govern in the name of Chávez while also fixing some of his predecessor's failings. Inflation, a decades-old problem predating Chavez, remains the highest in the Americas, at an annualized 43 percent, and is causing huge pain on the streets despite government subsidies that offer some protection to the poor. Currency controls are creating myriad distortions and scams: the dollar is selling on the black market at six times the official price of 6.3 bolivars. That has brought a resurgence of practices like “currency tourism” where Venezuelans travel abroad simply to take advantage of dollar allowances at the official rate. In some cases, they buy a ticket to show as a requisite for the allowance, but then do not get on the plane. Or they fly to the cheapest possible destination, where someone will be waiting to buy their credit card allowance straight off them. Restricted access to dollars for private businesses has also been a factor in persistent shortages of basics from toilet paper to flour that continue to irritate Venezuelans. Maduro's standing has not been helped, either, by some spectacular verbal gaffes. In the latest, when alluding to the biblical story of Jesus miraculously providing loaves and fishes for a crowd of followers, he spoke of a multiplication of penises instead of fishes, muddling the Spanish words penes and peces. Also last month, he raised eyebrows describing how he sometimes sleeps in the mausoleum where Chavez's body lies. Video games seems to help older adults remain sharp By
the A.M. Costa Rica wire services
Scientists have developed a video game for older adults that appears to improve their short-term memory and long-term focus. Seniors who play the so-called multi-tasking game develop neurological improvements rivaling those of 20-year-olds. Peoples’ short and long-term cognitive abilities decline with each passing decade. But there is growing scientific evidence that the human brain, with the right stimulation, can be reprogrammed to counteract the effects of age. The latest research comes out of the University of California San Francisco, where researchers developed a video game for seniors called NeuroRacer. The game study involved more than a dozen 60 to 80-year-old participants, who were asked to maneuver a video-screen car at the same time that signs flashed in front of them on a screen. The signs were either relevant or irrelevant to the game play. The participants followed signs they deemed relevant and disregarded those they thought were unimportant. Researchers began their investigation by measuring how well participants performed on one task and compared it to how well they did when a second task was added. Compared with young people who played the game once, study lead author Adam Gazzaley said in a telebriefing with reporters there was a striking improvement in multi-tasking after seniors practiced at home for one month. “Before training, they had a 65 percent drop in performance when they do the two tasks versus one task. After training, they only had a 16 percent drop in performance. And that’s better than the 20-year-olds that had a performance drop in the 27 percent range," said Gazzaley. Most striking to Gazzaley was that improvements in the seniors' brain power carried over for six months into other mental areas and without any additional game play. Although he’s reluctant to endorse commercially available video games, Gazzaley says some shooter games that focus players’ attention on a particular target could have a similar benefit. Gazzeley says his lab is in the process of developing other video games for people with attention deficit disorder and depression. |
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| 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 S.A. 2013 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 |
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| San José, Costa Rica, Friday, Sept. 6, 2013, Vol. 13, No. 177 | |||||||||
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Banks are stumbling
block for marijuana operations By
the A.M. Costa Rica wire services
Even as a shift in U.S. prosecution policy gives states more leeway to legalize marijuana, the companies that dispense it are likely to have trouble finding a bank, financial service industry and enforcement experts said. Federal anti-money laundering rules prohibit the handling of proceeds from illegal activities, and banks must follow strict monitoring and reporting procedures to stay within the law. Because a federal prohibition of marijuana is still in place, most banks do not work with marijuana businesses in states that have legalized medical or recreational use of the drug. “There are simply too many unanswered questions at this time,” said Jimmy Gurule, a former enforcement official at the U.S. Treasury Department. “I don't think that the banks will run the risk of criminal prosecution.” Banks are not mentioned in last week's four-page memo in which the U.S. Justice Department outlined the policy shift to prosecutors. This suggests that the Obama administration still is not prepared to allow money from state-recognized pot sales to flow into banks and other financial institutions. “The Justice Department could have gone the next step and at least applied its new standards to financial transactions that derive from medical marijuana proceeds,” said Peter Djinis, a former regulatory policy official with Treasury's Financial Crimes Enforcement Network. “Either Justice officials were not aware of this dilemma, which is hard to believe, or they didn't want to enter into that fray,” Djinis said. A Justice Department spokesman did not respond to a request for comment. The Justice Department memo reiterated its commitment to enforcing federal restrictions on marijuana. But it told prosecutors to focus on areas of federal interest, such as distribution to minors, involvement of organized crime, trafficking across state lines and growing on public land. In other cases, enforcement would be a state matter. Banks handling money from state-authorized marijuana dispensaries may face a money-laundering prosecution by either the federal government or by another state if the funds cross state lines, said Gurule, who is now a professor at the University of Notre Dame law school. Shunned by banks, dispensaries have flocked to money-services businesses to obtain money orders. But that industry is not well prepared to manage the legal obligations, Djinis said. “This new policy doesn't solve the problem at all for the financial services community,” he said. “If anything, it makes it more cumbersome, more confusing and less satisfying.” For instance, he said, dispensaries that distribute to minors will still face prosecution. But a financial institution would have no way of knowing whether a client had engaged in that or another activity still targeted by federal enforcers. The medical marijuana business was worth $1.7 billion in 2011 and is growing, according to a study by financial analysis firm See Change Strategy. Roughly 20 states and the District of Columbia have legalized medical marijuana. Voters in Colorado and Washington state went a step further in November by legalizing recreational use. But the U.S. Drug Enforcement Administration and the Justice Department probably “will continue to maintain that the proceeds are still illicit,” said a former Justice Department official who requested anonymity. “I don't think the big banks will change their present policy and bank these outfits,” he said. “It's not worth the risk.” Even if the Justice Department said financial institutions could serve state-authorized marijuana dispensaries, a regulator or a rogue U.S. attorney might have a different view and go after a bank, said Rob Rowe, a lawyer with the American Bankers Association's Center for Legal and Regulatory Compliance. Some association members have said marijuana should remain illegal, he said, while others see a viable small business opportunity to offer banking services. “But until Congress changes the law,” Rowe said, “there is not a lot a bank can do.” |
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| From Page 7: UPS purchases two contractors here Special
to A.M. Costa Rica
UPS has announced it will purchase assets and operations of two Costa Rican-based companies: small package delivery firm Union Pak de Costa Rica, S.A. and SEISA Brokerage. Both companies have long-standing relationships with UPS as authorized service contractors. The additions will allow UPS to better connect Costa Rica’s expanding economy to regional and world markets through the UPS network, the firm said. For Costa Rican shippers, UPS will be better positioned to provide customers one source for small package, freight forwarding, brokerage, and contract logistics, with a stronger link to UPS’s global transportation network, it added. Union Pak de Costa Rica serves various industries with an emphasis on high-tech and medical device manufacturers. SEISA Brokerage provides same day customs clearance and delivery of package shipments within the Costa Rican free trade zones. “UPS has enjoyed a successful relationship with these two companies,” said Romaine Seguin, president, UPS Americas region. “With the ownership of these operations in Costa Rica, UPS can provide customers the full suite of logistics services and global trade expertise. UPS continually invests in its global network, and these additions illustrate the company’s increasing commitment to serving the needs of customers in Costa Rica and throughout Latin America.” UPS has enjoyed solid growth in Costa Rica since it established its presence in 1990. With trade agreements in place with Canada, China, Mexico and the U.S., Costa Rica’s annual import and export growth is forecast to grow an annual average of 7 percent over the next five years, according to the International Monetary Fund. In addition to its small package contractors, UPS provides services in Costa Rica through UPS Air Cargo, and UPS supply chain solutions. UPS expects to complete the transactions in the fourth quarter of 2013 subject to customary closing conditions. Terms of the deal are not disclosed. |