Lima, Peru | Saturday 21 November 2009 20:14 | | |
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As we approach our 100th edition of "Peru this Week" we are pleased to inform all our fine readers that we have nearly reached our goal of achieving 30,000 subscribers! However we are not content to stop there, and would like to achieve 50,000 subscribers by 2010!
"Peru this Week" was founded with the ambition of alerting the world to all the magnificent sights, events, flavors (our gastronomy is second to none), and cultural pageantry that can be found in this spectacular country! We deeply appreciate the enthusiasm our readers have shown for our publication. Thank you for your continuing help in spreading the word, and ARRIBA PERU!
What do Wall Street execs have in common with the world's poorest people? Plenty.
Although it's hard to believe, Wall Street's Gucci-wearing financiers actually have quite a bit in common with slum dwellers in Kenya and Mumbai at the moment—they're both mired in shadow economies, where basic facts like who owns what are nearly impossible to determine. That murkiness, says Peruvian economist Hernando de Soto, is the source of the continuing credit crunch gripping New York, London and other financial capitals, and a basic fact of life for much of the developing world.
El Comercio
Why does the dollar continue to increase in spite of it being the currency around which the financial crisis began and what is the recession currently centered on?
First of all, as many experts will explain, this is because there is no other currency to replace it with (nearly all world commercial transactions are done with dollars) and secondly because uncertainty leads to the search for liquidity. The dollar and the U.S. treasury bonds –which are bought as dollars- are the most liquid and secure on the planet.
Mariella Balbi - El Comercio
Translation: Vanessa Castro Chesterton - Living in Peru
How have you changed since the last time you were in office?
At the minister’s council I said I remained the same. I have not changed, the circumstances have. The world economy was growing at a rapid pace initially. Caution in fiscal matters was called for as well as saving. Now the world is not growing and the developed economies are falling. China and India will sustain development but with low rates and little private investment. That particular scenario needs an economic stimulus plan. We must place a big bet on public investment, in that the pay system will continue to function and then take decisive action over the fundamental bases of our economy such as infrastructure.
This Saturday 15th “Modulo Crecer”, the social development program designed to reduce poverty will begin work in the district of Ate Vitarte.
The technical secretary for the Interministerial Commission of Social Affairs and President of “Juntos”, Ivan Hidalgo gave an interview with Mariella Balbi where he discussed the situation of affairs.
Lima on the brink of winter. Somehow the image of living in South America doesn’t include cold foggy days. And yet it is just the way Lima is in the winter. It is the beginning of July, and the cold season is beginning. Cold here may mean down to 12 degrees Celsius (about 55 degrees Fahrenheit). Not really that cold by European or North American standards. But all things are relative.
It started simple enough. Last year, in one of our weekly newsletter's "Peru this Week", the Livinginperu.com team asked its over 22,000 readers to answer one question: What made them most proud of Peru? The response was overwhelming to say the least. With everything from the neon-colored, sweet beverage Inca Kola to the ancient Cusqueñan citadel of Ollantaytambo being suggested. Each email provided a new idea, a new inspiration.
Barranco, a place of tranquility and inspiration for artists and intellectuals, a cultural and entertainment center for thousands of visitors, preserves its identity throughout the centuries, perhaps, due to the fact that it has achieved to combine -without mixing them- modernity and tradition.
She strains the bread, dry and chopped, and transforms it into flour that will later be used to fry hamburgers and other fried foods. She strains in silence. In each of her movements one can notice what it took for her to be sitting here, today, in this confectionery workshop which wants to say that people with disabilities can work; that they can making a living and that they won't spend the rest of their lives studying the way some may think. This woman with a child-like face doesn't speak, but it's possible to understand her.
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