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A.M. Costa Rica
Your daily English-language news source Monday through Friday

 
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(506) 2223-1327                         Published Tuesday, Oct. 8, 2013, in Vol. 13, No. 199                 Email us
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Jo Stuart
 
Cascata del Bosco





100 dollar bill
U.S. Treasury Department graphic
The new $100 bill. Most electronic printers are programed to reject making its image.
Costa Rica will soon see a more secure U.S. $100 bill
By the A.M. Costa Rica wire services
and the A.M. Costa Rica staff

Soon $100 bills with a new look will be circulating in Costa Rica.

The U.S. Treasury said that the $100 bill is the most global banknote the U.S. prints with one-half to two-thirds of the more than 8 billion in circulation in use outside the United States.

The bill is a favorite of drug smugglers and Colombian counterfeiters. Many Costa Rica businesses decline to accept the current $100 bill because of the high incidence of fakes.

Even bank tellers here are suspicious.

The new $100 bill goes into circulation today. It is a banknote that still will show touches of long-standing tradition, but also will carry new markers in an attempt to thwart counterfeiters.

Like the current greenish $100 bill, the new one on
 one side will bear the likeness of Benjamin Franklin, a leader in the American Revolution more than two centuries ago. On the other side it will have a picture of Independence Hall in the eastern city of Philadelphia.

The new note also will have a yellowish "100" in one corner, though, and next to Franklin, a tan quill and bronze-color inkwell. A drawing of the Philadelphia Liberty Bell is inside the inkwell, and it changes colors from darker brown to green depending on what angle the note is held.

There also is a blue security ribbon cutting vertically through the bill that shows "100" and smaller Liberty Bells in darker blue.

Government officials say the new note was designed primarily to combat increasingly sophisticated counterfeiting, although the older ones in circulation will continue to be honored. The U.S. over the last decade has redesigned all of its currency, except for $1 and $2 bills.  More information is available HERE!


Yet another effort today to reach deal with Milanes
By the A.M. Costa Rica staff

Another conciliation session between Luis Milanes Tamayo and his former investors is scheduled for today, and there is a good chance that the negotiations will fail.

In order for Milanes, the former owner of Savings Unlimited, to get off the hook, all his former investors have to agree to the conciliation proposal.

At stake is some $578,000 that Milanes was supposed to pay but has not.

Several investors and at least one lawyer representing investors are holdouts, something that enrages other investors who want a piece of the conciliation money.

Negotiations broke down last week when some of the former investors at the closed meeting rejected a deal that had been constructed by the judge, Dayanna Segura, and lawyers for Milanes and the investors.

The case is confusing even to those involved because there is property that Milanes has surrendered, and some of the properties have liens. So the net value is hard to determine. In addition, many of the former investors are expats who are challenged in Spanish.

Another appraisal is expected to be presented on the downtown Europa Hotel that Milanes has surrendered as part of the conciliation. The original value was around $10 million, but there have been
no buyers interested at that price.

A source close to the case said that there still would be holdouts rejecting the conciliation deal today, and that the case would proceed with a preliminary hearing within a month and a trial in a year. Milanes is negotiating for a suspended sentence.

When Savings Unlimited collapsed in November 2002, investors lost about $200 million. The 500 or so investors who are listed by the court as victims represent a percentage of that money.

Meanwhile, Milanes returned from hiding in 2008 and spent a night in jail before he posted property with the courts. He continues to operate a string of metro area casinos, including one that rents space in the Hotel Europa.

Because the case is so complex, prosecutors are known to favor conciliation instead of a formal trial. Milanes has said a former associate, Costa Rican lawyer José Adolfo Somarribas Arias, now in Europe, has access to the bulk of the money. Whether prosecutors here have been in contact with  Somarribas or European authorities is unclear.

Savings Unlimited was one of those handful of firms that paid monthly interest in excess of 3 percent. Unlike some firms that were secret, Milanes said that he was using the investors money to develop casinos. He also had hair salons, a company building slot machines and other interests.


Opening of insurance market creates new careers
By the A.M. Costa Rica staff

The education ministry and the industry regulator will be announcing an agreement Wednesday for 10 technical and professional schools to offer specialized training insurance filed.

The opening of the insurance market to private firms has created a need for persons training in
insurance and for others trained in estimating damage for claims.

The Ministerio de Educación Pública and the  Superintendencia General de Seguros have been working to fill that gap.

Until now, the bulk of the training has been in-house with the state-owned Instituto Nacional de Seguros.

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A.M. Costa Rica's  Second news page
San José, Costa Rica, Tuesday,  Oct. 8, 2013, Vol. 13, No. 199

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Spprts,em'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.


Dentistry

Marco Cavallini & Associates
Dental Implants and Crowns

Dr. Marco A. Muñoz Cavallini has placed and restored
DR. Cavallini
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Psychotherapy

Lucinda Gray, Ph.D.
California Licensed Psychologist
25 years experience
Dr. KLycinda
                                                  Gray
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Architects

Organe
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Architecture-Real Estate-Development

At Architect Orange we are inspired by the visions of each of our clients, and have worked diligently to embody those visions in our work.

We have locations in Atenas (servicing Central Valley/Beach areas)
Arenal (servicing Guanacaste/Nicoya Peninsula)

Contact Information:
 (506) 2694-4712
Website http://www.architectorange.com
Inquires  info@architectorange.com
Arenal office located at Agua Inn Spa

Orange
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Real estate agents and services

Colinas photo

COLINAS DEL SOL

Jim Day, retirement specialist Representing Colinas del Sol del Pacifico, S. A
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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 Libertad, Guanacaste, Costa Rica, 15 minutes to Playa del Coco or Playa Hermosa
and 20 minutes to Liberia airport.
Please contact Jim Day at JimDay50@aol.com   or    Phone:  001 517 484-3675.
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Grecia logo
Grecia Real Estate
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Contact Luis Arce in English: 
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Send us your request to our email: info@greciarealestate.com
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CR Beach

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Our agents have been here a minimum of 10 years:
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Let CR Beach show you why we know this is the best area for you to  invest-retire-enjoy!
Special Offer this Week: Best Condo deal in Jacó
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Toll Free: 1-888-782-1119 
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Residency experts

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A full service immigration agency
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www.residencyincostarica.com
Tel: (323) 255-6116
7999-9/11/13


Legal services

FULLY BILINGUAL ATTORNEY
& NOTARY PUBLIC

Arcelio Hernandez

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:
Family law, criminal & constitutional law, civil & commercial law

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
scales
Member of the Colegio de Abogados de Costa Rica
Lawyer ID number: 12.358
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KEARNEY-LAWSON & Asoc.
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:  7157-9092
 Phone: (506) 2232-1014
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Accountants

U.S. Tax International
U.S. Tax rollover
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
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U.S. Income Tax
David G. Housman Attorney & C.P.A
.
in Costa Rica 32 years.
Specializing in all matters of concern to U.S. taxpayers residing abroad, including all new passport and other
Goliath
I.R.S.  filling requirements foreign income tax exclusion (to $95,100 per year) for all back years. Taxpayers filling past-due tax returns before I.R.S. notice do not face criminal sanctions
• 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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• 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 $
95,100 in 2012}
• 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


vioilins
Sistema Integral de Formación Artística     
para la Inclusión Social photo     
Young violinists practice for their performance.

La Carpio youth string orchestra
presents a benefit tonight

By the A.M. Costa Rica staff

A youth string orchestra from la Carpio will perform tonight at the Teatro Eugene O’Neill in Los Yoses. The event is a benefit for various projects in La Carpio and the Hogar de Niños Fe Viva.

In addition to the Camerata de la Pequeña Gran Ciudad de la Carpio, the string quartet Guayabo de Mora will perform as will the Costa Rican singer José Cañas.

The event is co-sponsored by the Cámara Nacional de Ecoturismo y Turismo Sostenible and the Sistema Integral de
Formación Artística para la Inclusión Social. La Cario is a low-income area containing many migrants.

The theater is in the Centro Cultural Costarricense Norteamericano. The event begins at 7 p.m. and there is a 5,000 colon admission, about $10.

In addition to music, the Sistema Integral deals in sports and the arts directed at the children.


Costa Rica will exchange
diplomats with Turkey


By the A.M. Costa Rica staff

The country will open an embassy in Turkey within the next few months, the foreign ministry said Monday.

The announcement coincides with a visit by Enrique Castillo, the foreign minister, to Turkey. The ministry said that Castillo began his visit with a ceremony at the tomb of Mustafa Kemal Ataturk, the founder of modern Turkey.

Turkey is expected to reciprocate by opening an embassy here.

Castillo is making foreign visits, in part, to generate support for Costa Rica's conflict with neighboring Nicaragua.


U.S. Web site will provide
5,000 taxation answers

By the A.M. Costa Rica staff

A boring book is sometimes the best remedy for difficulty sleeping. But now in the electronic age there is a list of 5,000 tax topics online, courtesy of the National Technical Information Service of the Department of Commerce.

The topic index is specifically designed for taxpayers with international filing requirements, the government agency said. And if the 5,000 topics are not enough, U.S. taxpayers also can send comments and suggestions for additional topics to topicmap@irs.gov.

The service was noted by the Association of Americans Resident Overseas.

Although the information remains online, the Web site is not being updated due to the U.S. government shutdown. The U.S. embassy in San José reported the same thing about its Web site.


Hong Kong auction fetches
$27.3 million for diamond


By the A.M. Costa Rica wire services

A white diamond the size of a small egg has sold for $27.3 million at a Hong Kong auction.
 
Two phone bidders competed for the 118.28-carat African gem for six minutes until one dropped out. 
 
The price edged out the previous price record for a white diamond of $26.7 million, set at Christie's in Geneva this May.
 
The auction's other highlight was a 7.6-carat vivid blue diamond, which fetched a price of $16.1 million.
 
Both gems sold for less than their estimates.

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Each day someone complains via e-mail that the newspages are from yesterday or the day before. A.M. Costa Rica staffers check every page and every link when the newspaper is made available at 2 a.m. each week day.

So the problem is with the browser in each reader's computer. Particularly when the connection with the server is slow, a computer will look to the latest page in its internal memory and serve up that page.

Readers should refresh the page and, if necessary, dump the cache of their computer, if this problem persists. Readers in Costa Rica have this problem frequently because the local Internet provider has continual problems.


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Classified pages are updated daily. Employment listings are free, as are listings for accommodations wanted, articles for sale and articles wanted. The tourism page and the real estate sales and real estate rentals are updated daily.


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San José, Costa Rica, Tuesday,  Oct. 8, 2013, Vol. 13, No. 199
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Tragic tale of an unwise king to be presented for first time here
By the A.M. Costa Rica staff

The Compañía Nacional de Teatro will explore the theme of ungrateful children in a presentation of "King Lear," the Shakespearian epic known as "Rey Lear" in Spanish.

The Ministerio de Cultura y Juventud said that this is the first time that the play will be presented in Costa Rica.

As with most of the great Shakespearian dramas, nearly everyone dies after displaying timeless truths about human behavior.

"King Lear" could be modernized as a rich older man deciding how to distribute his estate to his three daughters.

In the case of Lear, he foolishly decided to favor with his kingdom those who could show that they loved him the most. Naturally, excessive amounts of flattery ensue,  except from the honest younger daughter Cordelia.  Lear is taken in, and Cordelia gets the boot. Lear finds out the two eldest daughters tricked him and cannot stand their doddering old father.

Various levels of intrigue follow, and Cordelia returns married to the King of France and leading his army. Madness, bloodshed, more trickery, poisonings and worse ensue, so much so that some directors have been inclined to create a happy ending.

The role of Lear is one of the most sought-after in drama and right up there with Richard III and Hamlet.

The Compañía Nacional de Teatro production will be on stage starting Saturday at 7:30 p.m. at the Teatro de La Aduana at the Antigua Aduana on Calle 23.

The play runs Thursday through Saturdays at that time and Sundays at 3 p.m. until Dec. 1, The ministry suggested that the play would not be appropriate for those younger than 14. Admission is 4,000 colons, about $8 with a 50 percent
Lear
A.M. Costa Rica graphic
Lear rages at a storm about his ungrateful daughters.

discount for seniors and students.

Shakespeare wrote the play in the early years of the 17th century. He may have based the work on a mythical early king of Britain.

The theater company will have 16 actors in the play.




Bridge

in place

The temporary bridge at the La Paz waterfall is in place, but traffic still is restricted, said the Consejo Nacional de Vialidad. Traffic can use the bridge for an hour after 6:30 a.m. and after 5:30 p.m. The bridge on Ruta 126 in Sarapiquí was washed away by a water surge.
La
                Paz bridge
Consejo Nacional de Vialidad photo

Five highways still cut due to weather-inflicted problems
By the A.M. Costa Rica staff

Five highways in the country have sections still closed because of weekend rains.

The problems range from the usual slides to a washed out drainage system.

None appears to be a major route, according to the afternoon report by the Consejo Nacional de Vialidad .

Several other routes have restricted passage due to problems cause by the weather.

The closed routes are Ruta 301 at Bijagual, Ruta 226 at El Jardin, Ruta 225 at Tucurríque, Ruta 926 at Tronadora near Tilarán and Ruta 335 at Santa Eduviges.

Continued repairs depend on the weather, the Consejo said.
There also is continued work on the Circunvalación between Hatillo and the Pavas exit in San José, which suffered damage in an earlier storm. There is continued work and traffic restrictions on a new temporary bridge erected across the face of the La Paz waterfall.

Motorists can use the route for an hour after 6:30 a.m. and for an hour after 5:30 p.m. while work continues.

Meanwhile the U.S. National Hurricane Center says there is a broad area of low pressure in the distant eastern Atlantic. The system has a medium chance of becoming a tropical cyclone. The system is moving west northwest.

Costa Rica is not out of the woods yet. The Atlantic hurricane season, which so far has been very mild, ends Nov. 30.

In the Pacific there is Tropical Storm Narda, but the system is moving west away from Central America.

Del Rey HOtel

You need to see Costa Rican tourism information HERE!

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Fish Fabulous Costa Rica

A.M. Costa Rica's Fourth News page
San José, Costa Rica, Tuesday,  Oct. 8, 2013, Vol. 13, No. 199
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Corte de Justicia president confirmed for a new term of eight years
By the A.M. Costa Rica staff

Zarela Villanueva Monge, the president of the Corte Suprema de Justicia, has been re-elected to her position as magistrate of the Sala II. She has served there since 1989, and she now has a new eight-year term.

The re-election was by 44 favorable votes. There were 47 lawmakers present. She requested reappointment and most likely will be sworn in today.

One person who did not vote was Luis Gerardo Villanueva, a lawmaker for the Partido Liberación Nacional and the brother of the magistrate. He declined to participate, as is the custom when there is a conflict of interest.
There was no organized opposition from other political parties.

The magistrate served as a mayor in Turrialba and also as a labor court and criminal court judge. She has a master's degree in family violence and a law degree.

She had served in the No. 2 position in the supreme court since 2010 and was selected to fill the vacancy created by the death of Luis Paulino Mora Mora in February.

The Sala II handles labor cases and family matters. The Corte Supreme has 22 magistrates in four sections.


 
Vacation, travel and hospitality
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 *HIGHEST SUCCESS RATE
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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.
Bird near window
One of many awesome birds that feast 15 feet from our living room couch.
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!
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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.
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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, MORE people just like you who have made the move and a LONGER
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Christ Howard with Max
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7962-6/9/13

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    * Speak Spanish like a Costa Rican! “The Official Guide to Costa Rican Spanish”
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7964-6/9/13

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VacationsCostaRica.com offers customized, upscale vacations to Costa Rica, planned by our team of in-country travel experts. Call us Toll Free: 1-800-606-1860 or locally in San Jose: 2296-7715.  We also offer trips to Panama, visit: VacationToPanama.com. Are you a fisherman? Our local experts will help arrange fishing trips to Costa Rica, just click HERE!
7699-3/4/14

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

Real estate rental services (paid category)

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

Real estate for rent (paid category)

Unfurnished 2-bedroom 2-bathroom house.. One large room for living room, dining room and kitchen. Separate bath.  2 bedrooms with bath on second floor. Washroom. Large 3-bay garage with bathroom, secure  for warehousing and storage. Located  approximately 6 miles east of San José and 1 mile west of Concepcion Tres Rios.  Map on request.  Telephone installed, cable and Internet available.  $250 a month plus utilities. 6 months minimum lease, deposit. Available after Oct. 15.  Tel. 2256-9426 bobbyruf@ice.co.cr 
8100-11/3/13

COMPLETELY and nicely furnished apartments
apartment view
in San José. 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.
8106-11/21/13

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

  rentals.sanjose@gmail.com
8104-11/21/13

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.
8093-10/16/13

house for rent
House for rent on a large property surrounded by fruit trees and garden on a bus line. Fully furnished, complete laundry room, two bedrooms plus extra room for office, security, electric gate, Internet available.  Located in Monte de la Cruz, San Rafael de Heredia. $475 monthly. Call 2267-6306  Or email: bonillaleda@yahoo.com.
8092-10/20/13

Cute rental house
Beautiful and cozy mountain cottages
in San Rafael de Heredia.
Surrounded by nature. Bus line service. Security.
One or two bedrooms, one or two baths.
$500 or $425, monthly with furniture.
$325 or $250 without furniture. No bills included.
MORE INFO:  lizrutbeth@gmail.com  (506) 8739-0638.
8083-10/10/13

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
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.
8054-2/16/14

Barrio Escalante, totally furnished, 1 BR apartment for single, responsible person. $35 daily, weekly rates. Contact 8385-2542, celigar53@gmail.com.
8018-8/24/13

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.
7968-7/17/13
7875-4/11/13

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A.M. Costa Rica's
Fifth news page
Cat trees
San José, Costa Rica, Tuesday,  Oct. 8, 2013, Vol. 13, No. 199
Sports
Calendar
Opinion
Classifieds
Real Estate
Lifestyle
Food
About us







mona Lisa
Why is this woman smiling? Or is she?

Smiles can be very deceptive,
researcher concludes after tests

By the A.M. Costa Rica wire services

Humans are very good at reading facial expressions of others, but the smile has proved to be more difficult to interpret.

Take, for example the enigmatic smile of the Mona Lisa, which has baffled viewers for centuries.

“There is a wide range of more ambiguous expressions, from which it is difficult to deduce the underlying emotional state. A typical example is the expression of happiness,” said David Beltrán Guerrero, researcher at the University of La Laguna in Spain, an expert who has analyzed the smile’s capacity to distort people’s innate deductive ability.

Beltrán added that while the smile is usually associated with happiness, it can also mask negative or ambiguous feelings.

To see how powerfully smiles can hide other emotions, Beltran and fellow researchers created several faces with differing expressions ranging from smiling mouths and smiling eyes to emotionless or neutral eyes and mouths. The faces were shown to volunteers who were asked to read the different expressions.

Four out of ten participants identified ambiguous expressions as happy. Furthermore, participants were not able to see the subtle differences between a smiling mouth and non-smiling eyes. When the participants had to say whether the faces were happy, sad or something else, the power of the smile was diminished somewhat.

“A smile can cause us to interpret a non-happy expression as happy,  except when we are involved in the emotional assessment of said expression,” Beltran said.

The reason smiles can often mask other feelings, the research showed, was that it has a high visual salience. In other words, smiles are attention grabbers and since they’re associated with happiness, that tends to be how people view them.

Other studies have also shown that the smile dominates many of the initial stages of the brain’s processing of faces. Genuinely happy expressions prompt similar electrical activity in the brain as do ambiguous expressions with smiles and non-happy eyes.

By measuring eye movements, it was observed that an ambiguous expression is confused and categorized as happy if the first gaze falls on the area of the smiling mouth, rather than the area of the eyes.


Oxford researchers call today
the Age of Internet Empires


By the A.M. Costa Rica wire services

The Internet is dominated by the two empires of Google and Facebook, according to researchers at Oxford University in England.

Google dominates much of the West and India, while Facebook can claim supremacy in the Middle East, North Africa and much of the Spanish-speaking Americas.

While Facebook has carved out a large chunk of the global Internet market, researchers point out that in the countries where the social media site was most popular, Google is not far behind.

“Among the 50 countries that have Facebook listed as the most visited Web site, 36 of them have Google as the second most visited, and the remaining 14 countries list YouTube,” according to the research.  YouTube is currently owned by Google.

Asia, meanwhile is more of a patchwork, with China’s Baidu search engine dominating that country’s half billion Internet users. Researchers also found that Baidu was the top site in South Korea, but admit that could be a result of skewed data. On the other hand, they say it could reflect Baidu’s ambitions beyond China.

Japan and Taiwan are outliers in Asia because Yahoo! is the most popular site in those countries.

While data was not available for sub-Saharan Africa, “most countries that have a significant Internet population are covered. Kenya, Madagascar, Nigeria, and South Africa fall within the sphere of Google’s empire, whereas Ghana, Senegal, and Sudan have been subsumed within Facebook’s dominion,” according to the research.

“We are likely still in the very beginning of the Age of Internet Empires. But, it may well be that the territories carved out now will have important implications for which companies end up controlling how we communicate and access information for many years to come,” the researchers concluded.

The data used in the research was collected by the company Alexa, which has provided web analytics since 1996.


Three awarded Nobel Prizes
for work on cell transportation

By the A.M. Costa Rica wire services

Three researchers studying how cells transport chemicals within and between cells have won this year’s Nobel Prize in Physiology or Medicine.

The researchers are:

* James Rothman: professor and chairman in the Department of Cell Biology at Yale University,

* Randy Schekman: professor in the Department of Molecular and Cell Biology at the University of California at Berkeley, and

* Thomas Sudhof: professor of molecular and cellular physiology at Stanford University.

To explain what the researchers discovered, Harvard University cell biologist Tom Kirchhausen says it helps to think of each cell in the body as a tiny city.

“You have people that are moving from one place to the other to do whatever function they do,” he said. “You move from place to place in carriers or containers,” like buses, trucks or trains, he says.

In this analogy, the people are the proteins, hormones and other chemicals that do the work and carry messages in our bodies.

Insulin, produced in the pancreas but used throughout the body, is one example. Or neurotransmitters that carry brain signals from one neuron to another.

The transport system, the cell’s tiny buses, trucks or trains, has to get them from one part of the cell to another, or to the outside of the cell. If the system breaks down, the results are diseases like diabetes or neurodegenerative disorders.

The process is so fundamental to life that evolution has not changed it much from yeast to people.

Schekman at the University of California at Berkeley discovered in yeast the genetic blueprints for the proteins that make up the cellular delivery system.

Later, says neuroscientist Erik Jorgensen at the University of Utah, researchers found out “that the proteins involved in this process that allow us to think, that allow nerve cells to communicate with one another, are precisely the same ones that were found in yeast.”

But Schekman’s work was just a piece of the puzzle. Rothman at Yale University discovered how each little cellular bus delivers its passengers to the right station.

“From Schekman’s work we had a list of the players,” Jorgensen said. “What Rothman showed us was who was interacting with whom.”

And the third prize winner, Südhof, discovered how in nerve cells those little buses release their passengers quickly and precisely in response to a signal.

At a press conference, Rothman noted that his good mood was due to his neurons secreting endorphins, one class of neurotransmitters delivered through the mechanism he and his colleagues had discovered.

Rothman said he was lucky to get his start at a time when a young scientist could take risks to pursue an idea.

“I’d like to think that that kind of support existed today, but I think there’s less of it," he said. "And it’s actually becoming a pressing national issue, if not an international issue.”

He said U.S. funding for scientific research has declined in recent years, threatening American leadership in science and technology.


Obama says he'll negotiate
but not under budget threats


By the A.M. Costa Rica wire services

President Barack Obama has again said he is willing to negotiate with congressional Republicans on broad budget and fiscal issues, but will not do so under threat of a U.S. government default on its debt payments or an ongoing government shutdown. 

During a visit to the Federal Emergency Management Agency, which like other agencies has many employees furloughed by the shutdown, Obama again urged Republicans to drop what he has called ideological demands.

Saying he has always been willing to negotiate on broader budgetary issues, he said the first job for Congress is to move beyond a manufactured crisis to get government services running again, and avoid a potentially damaging default.

"We’re not going to negotiate under the threat of further harm to our economy and middle class families.  We’re not going to negotiate under the threat of a prolonged shutdown until Republicans get 100 percent of what they want.  We’re not going to negotiate under the threat of economic catastrophe that economists and CEOs increasingly warn would result if Congress chose to default on America’s obligations," said Obama.

Obama said he will not allow such a pattern to be established.  He again challenged House of Representatives Speaker Republican John Boehner to put a clean government funding bill on the House floor.

Press Secretary Jay Carney spent much of Monday's White House news briefing responding to questions about a remark earlier in the day by Gene Sperling, a senior economic official.

At a Politico breakfast, Sperling was asked about the possibility of a short-term increase of the nation's $16.7 trillion debt limit.

"No question that the longer the debt limit is extended, the greater economic certainty there will be in our economy, which will be better for jobs, and growth and investment.  That said, it is the responsibility of Congress to decide how long and how often they want to vote on doing that," said Sperling.

The administration has warned that even discussion of not raising the limit, let alone failing to do so, could bring economic calamity and set back recovery from the financial crisis.

Carney said agreement by Boehner to re-open the government, and not threaten a default, would open the way to broader negotiations.

He said the White House does not rule anything in or out as far as the duration of any debt limit solution is concerned, but that Congress needs to fulfill its obligations to fund the government and pay its bills.

"How Congress fulfills it, as long as they fulfill it, without drama or delay, without brinksmanship, without threatening default, is up to them and the duration they attach to it is up to them," said Carney.

Republicans, but specifically Tea Party conservatives in the House of Representatives, have linked demands for changes in Obama's signature health care reform law to the government shutdown, and the debt.

On the House floor, Speaker Boehner interpreted another remark by Sperling as indicating Obama would rather push the nation into default than negotiate.

"The American people expect when their leaders have differences, and we’re in a time of crisis, we’ll sit down and at least have a conversation.  Really, Mr. President, it’s time to have that conversation before our economy is put further at risk," said Boehner.

The White House supports an effort by Senate Democrats who plan to introduce legislation as early as mid-week to raise the borrowing limit, without conditions attached.


Cuba once again seeking
U.N. condemnation of U.S.


By the A.M. Costa Rica wire services

For the 22nd consecutive year, Cuba will ask the United Nations to condemn the United States economic embargo against the island, a top Cuban official announced Monday, accusing Washington of tightening sanctions in place for more than half a century.

U.S. President Barack Obama, who stated before taking office that he wanted to recast long-hostile U.S.-Cuba relations, has been a disappointment to the Cuban government, which expected him to do more to dismantle the embargo.

The embargo, fully in place since 1962, has done astronomical economic harm, Deputy Foreign Minister Abelardo Moreno said during a news conference to present Cuba's annual report on the damage wrought on the Communist-run Caribbean island by U.S. sanctions.

Last year the vote at the U.N. General Assembly was overwhelming, with 188 nations, including most of Washington's closest allies, condemning the embargo. Only the United States, Israel and the tiny Pacific state of Palau supported it.

This year the debate and vote is scheduled for Oct. 29.

Obama has lifted some restrictions on travel and on the sending of remittances to the island, but Moreno said the embargo and its enforcement had been broadened in other areas.

“The blockade not only is being maintained, but strengthened in some aspects,” Moreno charged.

“I ask what right does the United States have to sanction companies that are not North American,” he said, saying that since Obama took office in 2009, fines against embargo violators, domestic and foreign, had dramatically increased and totaled $2.5 billion to date.

Cuba says the embargo is a blockade because it punishes third country companies for doing business with Havana.

Many critics of Cuba's one-party system, including dissidents on the island, also have called for lifting the embargo, saying it is counter-productive.

Moreno said foreign banks were increasingly cautious about any transactions involving Cuba due to U.S. pressure, something confirmed by numerous foreign businessmen in Havana.

“Banks calculate the risk versus the gain in doing business with Cuba, even if transactions are legal,” said a foreign banker who asked to remain anonymous.

“Given that Cuba is on the U.S. terrorist list, many times banks decide it is not worth that risk and potential hassles and the trend has accelerated in recent years,” he said.

Cuba held the news conference, where it announced the draft U.N. resolution calling for an end to the embargo, at the William Soler children's heart center to emphasize that the sanctions do not discriminate between the country's political leadership and innocent people and amounts to what it calls genocide.

The hospital's director, Eugenio Selman-Housein Sosa, said his center often lacked the most modern equipment and medicines because U.S. companies predominated in some sectors and Washington's regulations on checking end-users made business next to impossible.

“In the case of Cuba this becomes dramatic,” he said, because the sanctions “impede the acquisition of products that literally signify the difference between life and death.”

Always contentious U.S.-Cuba relations thawed briefly under Obama, but progress came to a halt when Cuba arrested U.S. contractor Alan Gross in Havana in December 2009.

Gross was subsequently sentenced to 15 years in prison for setting up Internet networks in Cuba under a controversial U.S. program that Cuba views as subversive.

The two countries, which do not have diplomatic relations, have renewed immigration and postal service talks suspended after Gross's arrest, but there are no signals of any major improvement in the foreseeable future.
 

President Fernández going
into surgery today for bleeding


By the A.M. Costa Rica wire services

Argentina's Vice President Amado Boudou assumed control of the country Monday, as President Cristina Fernández was admitted to a hospital to undergo surgery to remove blood from inside her skull and to relieve pressure on her brain.

Her operation is scheduled to take place today in Buenos Aires.

Saturday, President Fernandez's doctors discovered a subdural hematoma, which is blood that collected between her brain and skull.  They ordered the 60-year-old president to take a month's rest, but decided to operate after her condition worsened Sunday, when she felt weakness and a lack of blood flow in her upper left arm.

The president's condition may be the result of hitting her head during a fall in August, although she was cleared by her doctors at the time.

President Fernández has been campaigning for elections at the end of October that will determine control of Argentina's Congress.

President Fernández, who has been in office since 2007, had her thyroid glands removed last year after she was diagnosed with cancer, although later tests indicated no cancer was present.

Her husband, former president Nestor Kirchner, died after a heart attack in 2010.  The next presidential election is due in 2015.




Real estate-related services (paid category)

Project completion specialists
Casa del pacifico logo
Pacifica living
A turnkey home and project completion agency devoted to creative vision and flawless execution. We provide a single, solid and dedicated point of contact for the duration of your real estate project, specializing in:

                      • Building completion services
                      • Interior design & decoration
                      • Custom furniture design & manufacturing.

Our primary goal is to assist our clients with a smooth transition to occupancy while providing highly personalized and distinctive services. We have refined the process to be a hassle free experience, especially valuable for clients who live abroad. We customize to suit each client’s personal taste, lifestyle and budget.
Serving region for 10 years.
We regularly exceed client expectations. We guarantee it.
Email: info@casadelpacifico.com
Cell phone: (506) - 8707-8008
Office phone: (506) - 2288-5644
Web: www.casadelpacifico.com
8070-2/14/13


Real estate brokers and agents (paid category)


Swimming pool at night
A Buyer’s Broker offering the best
of Costa Rica Real Estate.

For those looking for quality properties and service at quality prices. Central Valley Rentals. Offering honesty, experience and knowledge. Your Villa Real Expert. Call us now  Toll Free (877) 845-4533. In Costa Rica 2228-5961 or 8339-2112. www.costaricarealtyone.com
8091-12/11/13

Re/Max, the Pacific coast expert
Re/Max offers comprehensive Costa Rica Real Estate, vacation rental and relocation services. Our award-winning team is the largest in the country, and can show you the best lifestyle and financial investment properties in the most desirable locations including prime real estate in Tamarindo, Langosta, Conchal, Flamingo, Pinilla, Coco, Hermosa and Playa Panama.  Give us a call in Costa Rica at 506-2653-0073, or toll free from the U.S. and Canada 1-800-385-5930. Re/Max, the name you trust for the finest real estate services in Costa Rica.
7949-11/15/13

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

Check with our Web site at www.moranlakearenal.com
Contact us at the office: (506) 2694-0088
Cell (506) 8880-8888
Phone number from the U.S. (305) 307-0088
Email: moranrealestate@gmail.com
Moran logo
7922-10/15/13



Costa Rica,

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





Visit our Web Site:
 www.greciarealestate.com




English: (Cristian Arce)
(506) 8309-0173  
English:  (Luis Arce)
(506) 7100-8489  
 Español: (Luis G. Jiménez)
  (506) 8707-4016  
Grecia 794
This is the BIGGEST DEAL of the month now at $850.000: HERE!
30,000 square meters of land and 750 square-meters of construction.
Grecia 803
5,000 square meters of land and 175 square-meters of construction. HERE!
Grecia
2,000 square meters of land and 200 square-meters of construction.  HERE!
  Send us your request to our email: info@greciarealestate.com
8068-11/9/13

Real estate for sale (paid category)


montage
For sale is a beautiful 50-acre property located in Los Alpes, just 15 minutes outside of San Ramon. At about 4,000 feet above sea level, this finca provides gorgeous views of the Central Valley as well as the Pacific Ocean in the distance while also offering a wonderful climate year around. The main house is two stories with three bedrooms and two full baths. High quality construction using exotic hardwoods such as almond, which covers the ceilings throughout the entire house. There are also two corrals and a small casita on the property. This location is perfect for a farm-style home or for beginning an agricultural business. This truly is a rare piece of property and is available for $399,999. Price is somewhat negotiable and we will be happy to work with the buyer to make it work! Please call 8816-2478 or e-mail bmcart3@gmail.com for more information ¡y se habla español!
8097-xxx

sunset view
FREE FULL-DAY TOUR and property viewing – San Ramón! 
Come visit us in San Ramón and not only will we show you some great properties but we’ll also give you a FREE day-long tour of this terrific town with a relocation expert who has lived here for many years. Since 2006, CRC has been the area’s leading creator of socially-responsible communities for foreign retirees/investors and locals. “Easy access” to San Ramón does not mean living many miles outside of town, but less than 2 miles from everything you’ll need. Live near town but in an area that only feels a world away. None of our competitors have built a school, donated a water well and completed numerous projects for the community. A few stunning, direct ocean-view home sites of 1.25 acres to nearly 4 acres from only $55,000 remain in one of San Ramón’s most desirable residential communities. Please visit us at www.crcommunities.com or email us at CRCInformation@gmail.com to request a property showing AND your free full-day tour. Overnight accommodations can be arranged. Limited availability so please contact us today referencing “Free Tour” in your email: CRCInformation@gmail.com
8080-10/6/13

Pacific Estates

Pacific Estates is divided into three distinct sections called Pacific Landings, Pacific Hills and Pacific Acres. Pacific Landings includes unique 2 & 3 bedroom homes incorporating pole house construction, cathedral ceilings, balconies on both the front and back of the house and eco-friendly elements. The homes also include granite counter tops, state-of-the-art stainless steel kitchen appliances, washer & dryer hook ups, internet connectivity and zone controlled A/C. These homes feature 1,290 square feet under A/C space and 1,537 square feet under A/C space with an optional Loft. To learn more about Pacific Estates, schedule a No Obligation Free Virtual Tour today by clicking here!
8087-10/18/13

Samara church and lot
Commercial lot with great visibility in heart of Playa Sámara commercial district. Located alongside town's largest church, bank, hardware store/lumber yard, mini shopping plaza, and Pali (Sámara's largest supermarket). This lot has a large elevated building platform shaded with mature treees. All this makes for many commercial options.  One block from stunning "blue flag" beach. This is a perfect location for a eco/boutique hotel, restaurant/catering, apartments, or condominium. All utilities to this property. Lot size 1,414m2. Price 325K. Email: mwk350@yahoo.com
8082-10/9/13

Nicoya
                                views
Maui, 50 years ago!
One acre with all services located on the Nicoya Peninsula at about 2,400 feet below cloud level with the most intriguing panoramic views to the picturesque gulf, mountains and valleys, as well as sunset over the Pacific. 60,000 USD, axelspecial@gmail.com    Cell 8916-5550.
8061-xxxxx

Five bedroom home
Five bedrooms, three-and-a-half baths plus guest house
Price reduced $100,000 for quick sale. Features include out door BBQ, swimming pool, plus on the beach. The home is completely furnished with U.S. products. Each room is individually air conditioned.  Hot water in bathrooms, kitchen and laundry room.  Fully furnished. Includes TV’s, refrigerator/freezer, dish washer, microwave, electric stove/oven, washer & dryer and many “as seen on TV” appliances.  To see more, go to YouTube
http://www.youtube.com/user/CasaDelSolCostaRica
Asking  $250,000.    Call Gary 8784-2945 or email combrokers@aol.com
88059-xxxx

humming bird nest

Bed & Breakfast for sale and personal home with 2 houses on property of 3/4 acre (3,030 m2) and buildings w/verandas & carport approximately 350 m2. One house at entrance is central to village w/gated parking lot and a 3-bedroom house for rental or employees/family w/carport/yard/gardens. A 50-meter sendero winds to the top among lush gardens where the main house is situated w/2 buildings attached by verandas & stairway to second floor.  There are 2 bedrooms, sala, 4 baths, large kitchen, laundry rooms, work bodega, storage bodega and hot tub on veranda w/tiled shower room.  Home is surrounded by tropical gardens, views of Arenal Volcano, panoramic views of Lake Arenal, private w/school owned property on one side, pasture land on back side and connecting entry gate on other side to Cabinas El Castillo & Fusion Restaurant.  A bird watcher's paradise w/hummingbirds, Montezuma, toucans, butterflies and visits from howler monkeys.  The B&B is listed four consecutive editions of Lonely Planet and the first established B&B in this area.  Photos can be viewed on the Web site: www.hummingbirdnestbb.com.  Make your dream come true with a slice of paradise in a quiet, private setting. Call Ellen Neely at  8835-8711.  Email: nidocolibri@hotmail.com
8058-11/15/13

Naranjo views

NARANJO VIEW PROPERTY READY TO BUILD: ALL PERMISSIONS

4254 msq. 1.2 acres - $59,000.00
• 10 minutes to the autopista and Naranjo centro
• Tranquil and Quiet
• Landscaped with fruit trees and flowering plants, and coffee#
• Incredible views - The Central Valley and nature reserve
• Close to public transportation - paved main road
• Building pad prepared and soil tested
• Survey/topo
• All services in place and underground - water/electricity/phone
Email monicacal@mac.com
8034-8/19/13

Guiones retreat
SURFERS PARADISE on PLAYA GUIONES, NOSARA
Approximately half acre on the beach with private path to the surf. Very private three-home complex with pool, spacious patios with two wet bars, barbeque and yoga area. Featuring a three-bedroom ranch style home plus a two story Mexican villa style home with two master suites, large kitchen and living area with ocean views and breezes upstairs and a garden apartment downstairs with separate entrance. A caretaker's or teenager's cottage and lots of space for expansion. PRICED FOR QUICK SALE: $899,000.  Call 506 8867-8883 or heidebob2@gmail.com
8027-1/12/14

Beautiful fully renovated house in Bello Horizonte, Escazu, 446 sq. meters. Four bedrooms; four baths. Price includes all furniture and fixtures - ready to move in! Light, bright and airy....$550,000 USD. Telephone 2288.6451. More details HERE!
8010-7/28/13

Flamingo
                            view
Condo for sale in Flamingo

Ocean view 3-bedroom, 3 1/2-bathroom condo. Designer furnished 1,800 square feet, gated community. Only six units. Huge pool and balcony, pet friendly, parking, walking distance to Flamingo beach, banks, grocery store, farmacia, etc. New building. $349,000 asking. Ask for photos. 8705-0056. or 1-800-536-2322.
7986-8/6/13

Guaancaate condos
Little Dreams La Colina Magnolias

Great Guanacaste Beach Condos Available

$28,500 - Little Dreams - Ocotal beach studio condo, furnished upper floor condo in great complex just 1 mile from Ocotal beach, 2 miles from Coco beach, great price for this complex.
$70,000 - La Colina - another Ocotal beach 2 bedroom, 2 bath condo, 80 m2 and fully furnished with upgraded kitchen, complex has Infinity pool, mountain views.

$75,000 Magnolias 2 bedroom, 1.5 bath townhome just 1 minute's walk from Coco beach and the 2 beach clubs in Coco. Nicely furnished, walk to town, 67 m2, perfect location.
Find out more information on these and other condos at my website WendyLovesCostaRica.com. All 3 of these condos are about 35 minutes away from Liberia Intl. airport, no need to drive a long way to get to your condo.  Call for more information, 1-415-670-9382 or 011-506-826-1211. Or email Wendy@WendyLovesCostaRica.com.
7971-6/23/13

NOW REDUCED TO $680,000
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:
7967-7/17/13

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

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

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Business for sale or lease (paid category)7115-12/16/11
A successful, local, long-running business for sale.
In the nine years of operation, this company has grown to cover the entire Southern Pacific Zone, and opened the door to further penetration in San Jose,  Manuel Antonio and Osa Peninsula areas.  And it is the only one of its kind with no comparable competition. With the extensive ground-work that has already been achieved, the business is now poised to expand into a new level of success. Operating since 2005, the owner retiring to another Latin American country. It is now time to turn the business over to a new owner who could expand it to  even greater success.  Details on the business, its history, a strategic analysis of its strengths, weaknesses, opportunities and threats, as well as a Pro-Forma Income Statement from 2008 through to 2013 are available upon request to aha_jm@yahoo.com
8081-10/9/13

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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A.M. Costa Rica's
sixth news page


San José, Costa Rica, Tuesday,  Oct. 8, 2013, Vol. 13, No. 199
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U.S. Supreme Court declines
to review Argentine default


 By the A.M. Costa Rica wire services

The U.S. Supreme Court Monday declined to hear a preliminary appeal filed by Argentina over its battle with hedge funds that refused to take part in two debt restructurings that sprang from the country's 2002 default.
 
While not good news for President Cristina Fernández, the court's decision did not alter a lower U.S. court's stay on a ruling ordering Argentina to pay the funds.
 
World markets are watching the case for the implications it might have on future sovereign debt restructurings. The International Monetary Fund has voiced fear that if Argentina is forced to pay the holdouts, it would make it more difficult for cash-strapped countries to re-negotiate their bond obligations.
 
Market reaction to the Supreme Court announcement was muted, with economists stressing the importance of the maintenance of the stay. Argentina's sovereign risk spread tightened 7 basis points to 998 over safe-haven U.S. Treasuries while the rest of JP Morgan's Emerging Market Bond Indez Plus was flat at 344 basis points, indicating that Argentina remains the biggest default risk in the market.
 
“The Supreme Court's decision to not hear our appeal this session does not change anything,” Finance Secretary Adrian Cosentino said in a statement, citing litigation pending in lower U.S. courts, which could lead to another request for high court review.
 
“Argentina will continue defending itself using all available legal avenues,” the statement said.
 
But with the combative Fernandez sidelined for health reasons ahead of a mid-term vote that will determine the clout she enjoys in Congress during her final two years in power, analysts said the legal and political winds were not blowing in her government's favor.
 
“What is becoming clear is that Argentina is slowly getting closer to an unfavorable ruling, ordering it to pay the holdout hedge funds,” said Pablo Lavigne, an economist with Datarisk, a consultancy in Buenos Aires.
 
Fernández vows never to pay the holdouts, whom she derides as “vultures” for picking over the bones of the 2002 default, which pushed millions of middle class Argentines into poverty.
 
But refusal to pay the holdouts in the face of a final U.S. court order to do so could pave the way for another default, as Argentina would be blocked from paying the holders of restructured bonds as well.
 
Easily re-elected in 2011 on promises of more government intervention into Latin America's No. 3 economy, Ms. Fernández has seen her popularity wane due to high inflation and confidence-sapping foreign exchange controls meant to halt capital flight.
 
Monday's Supreme Court ruling means it will not at this time review an October 2012 decision by the 2nd U.S. Circuit Court of Appeals in New York in which the court said the Argentine government had broken a contractual obligation to treat bondholders equally.
 
The Supreme Court's refusal to get involved means litigation in lower courts continues, with Argentina able to seek high court review again at a later date when there is a final ruling in the appeals court.
 
In August, that court issued another ruling, upholding a lower court's order that Argentina pay the bondholders $1.33 billion. The court stayed its decision pending possible Supreme Court review. Argentina also has asked the appeals court to reconsider its decision.
 
In a brief order on Monday, the Supreme Court merely said the petition was denied and that Justice Sonia Sotomayor had not taken part in the discussion, suggesting she had recused herself. Justices do not generally explain why they recuse themselves. Ms. Sotomayor had been a judge on the 2nd Circuit bench before being appointed to the Supreme Court in 2009.
 
In two restructurings, in 2005 and 2010, creditors holding around 93 percent of Argentina's debt agreed to participate in debt swaps that gave them 25 cents to 29 cents on the dollar.
 
But bondholders led by hedge funds NML Capital Ltd, a unit of Paul Singer's Elliott Management Corp, and Aurelius Capital Management went to court, seeking payment in full.
 




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From Page 7:


Greece sees end of recession in 2014

By the A.M. Costa Rica wire services

Greece is predicting its six-year recession will end next year with a small economic advance.

Athens said Monday it expects the country's economy to fall another 4 percent this year, but grow by six-tenths of a percent in 2014. Overall, its economy has shrunk by about a quarter since the global downturn began in 2008.

Since then, Greece has been forced to secure two international bailouts totaling more than $325 billion to keep from defaulting on its debt. More than a quarter of the country's workforce is unemployed.

Greek lawmakers have reluctantly agreed to tough austerity measures demanded by the country's lenders. Now, Greece's deputy finance minister, Christos Staikouras, says the country's economic fortunes are beginning to improve.

"The citizens have made enormous sacrifices both in terms of fiscal adjustment and in terms of living standards. However, beginning this year, these sacrifices began to take hold, with the first indications of Greece's exit from the crisis becoming evident."

Greece accounts for only about 2 percent of the 17-nation eurozone economy. But fears of its default in the last three years often led to crisis negotiations with European leaders before they agreed to hand the country more bailout money.