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About Portland observer. (Portland, Or.) 1970-current | View Entire Issue (Jan. 9, 2002)
Argentine President Says Devaluation Inevitable ((E N H E D Y S C H O qi P MclVIenamins t CLASS BEGINS T W ITH A HEARTY BREAKFAST M onday through Saturday: 7am to 10:30am Sunday: 7am to 1 1:30am 7756 5 5 i< l • P o r tla n d , O r e g o n ( 5 0 5 ) 2 4 9 - 5 9 8 5 • t o n v . i n t in e ii< in iin s .< o m CARPET CLEANING 2002 CÂRPET CLEAN UP BU EN O S A IRES, A rgentina (A P ) — P re sid e n t E d u a rd o D uhalde signaled that his gov ernm ent would devalue the peso, saying it was “a given” that the currency will be cut free from its one-to-one peg to the U.S. dol lar. T he new econom y m inister, Jorge Rem es Lenicov, w as ex pected to announce a new eco nomic plan for getting Argentina out o f its worst econom ic crisis in decades. D u h a ld e ’s com m en ts in a speech to business leaders was the clearest sign yet that the plan w ould include a devaluation, som ething econom ists and m e dia have been saying is inevi table. D uhalde— sworn in last week as the fifth president in less than a m onth am id the econom ic tur m oil — did not com m ent on how large a devaluation w ould be, but said: “The devaluation is a given. have com e to see it as a strait- A nalysts have predicted the jack et, suffocating repeated a t governm ent will devalue the peso tem pts to drag South A m erica’s to 1.3 o r 1.4 to the dollar, ending a second-largest econom y out o f a decade-long peg w ith the dollar slum p now nearly four years old. that m any A rgentines saw as key T oday, A rgentina is virtually to econom ic stability. bankrupt. It officially entered d e T housands o f fault on its $132 A rgentines lined billion debt last up at b an k s to T hursday, m iss w ith d r a w as ing a $28 m illion m uch m oney as p ay m en t on an th e y c o u ld to Italian bond. A r sp e n d th e c u r g e n tin a is now rency before its shut o ff from in value fell. Som e ternational credit ru sh ed to trade President Eduardo Duhalde markets. their pesos. D u h ald e w as W hen it w as enacted in 1991, c h o sen by C o n g re ss to serv e the peg setting the peso eq u iv a u n til D e c em b e r 2 0 0 3 , c o m p le t lent to the dollar vanquished triple in g th e u n f in is h e d te rm o f digit inflation alm ost overnight F ern an d o de la R ua, o u sted from and attracted foreign investm ent, the p re sid e n c y by v io le n t stree t ushering in an era o f financial sta p ro te sts D ec. 20. T h e first m an bility to a country rocked by eco C o n g ress chose as in terim p re si nom ic crisis in the late 1980s. d en t re sig n e d a fte r a w eek in B u t n o w m any ec o n o m ists o ffic e , an d tw o o th e rs serv ed M exico Tourism Finally R evives After Septem ber 11 Incidents TULUM , M exico (AP) - Hotel ow ners and governm ent officials across M exico say tourism has largely returned to norm al after dropping 12 percent after the Sept. 11 attacks. T he resort o f A capulco has more international flights than before the terror at tacks, including new arrivals from C hicago and D allas. M exico is one o f the few coun tries to have seen such a recovery. Europe and Asia are still strug gling. Italian T ourism and H otel A ssociation president B em abo B occa said the attacks on the U nited States have cost the ho tel sector $918 m illion, m ostly becau se o f the “loss o f rich A m erican and Japanese clients.” In Spain, 38 percent few er A m ericans visited after Sept. 11, and the num ber o f visitors in Singapore dropped by nearly 11 percent from the corresponding m onth a year earlier, w ith arrivals from the U nited States plunging m ore than 40 percent. Even P uerto R ico — w hich o f fered free flights from som e U.S. citie s if p eo p le b o o k ed hotel room s for at least five days — h asn ’t totally recovered. M exico appears to have a co m bination that is attractive to at- tacks-w eary travelers: It’s cheap, safe and — for U.S. residents — close to hom e. “A m ericans are not going to fly to Europe,” said Carlos Velazquez, director general o f the A capulco Convention and Visitors Bureau. “It’s not nice to say this, but w e can take advantage o f the problem .’’ Facing a possible crisis in its third-largest source o f revenue, M exico launched its m ost aggres sive tourism cam paign ever after Sept. 11. It spent $35 m illion to prom ote m ountain resorts and MARTIN CLEANING SERVICE CARPET CLEANING I E ados 70 - 70 years • Hot Water Extraction (Steam Clean Carpets) Pre-Spray Traffic Areas Stairs.... $ 1 . 5 0 each • Auto*Boat*RV Cleaning • Deodorizing • Dirt Resistant (Teflon) Protection • Spot & Stain Removal UPHOLSTERY CLEANING! • Pet Odor Treatment • Leather Cleaning • Sofa (under 6 ft.) $69 • Water Damage Cleanup • Loveseat $49 • Sectional $99 f t up • Chair $20 f t up • Recliner $29 f t up causas - causes desaparición de various ciudadanos bolivianos - disappearance of various Bolivian citizens dictaturas - dictatorship ejecutar - to execute, carry out entre 1971 y 1978 - between 1971 and 1978 estudia - studious ordenada-orderly CARPET 1 Cleaning Area Pre-Spray Traffic Area (Half N ot Included) pedido -request C O U PO N $35.00 * presunta participación - presumed partid pation Sudamérica -South America suspender - to suspend CARPET 2 Areas or More 1 Small Hall Free Pre-Spray Traffic Area viaje -journey CO U PO N viernes -Friday $25.00 The Portland O b serv er’s com m itm ent to cultural diversity includes the encouragem ent o f a m ulti-lingual society. R eaders can learn Spanish on this page by reading the w ords and phrases in bold print and gaining understanding o f its m eaning w ith this com panion glossary. Each Area UPHOLSTERY COUPON Sofa (under 6 ft) Loveseat A $69.00 $49.00 « Carpet & Upholstery -- Clet ''•'ia n in tr % ( \l I. FOR \ I T O I \ T \ I I \T S 503-2X1-3949 Advertise with diversity in call 503.288.0033 L ast m onth, the U .S. H ouse o f R e p re s e n ta tiv e s p a s se d R esolution 277, w hich recog nized the im portant co n trib u tions o f the U.S. Hispanic Cham b er o f Com m erce. C ongressm an R on Paul (R- T X ) introduced the resolution. “T h e im portance o f this n a tional o rganization can n o t be overstated. H ispanics have an annual p urchasing p o w er o f approxim ately $500 billion and the C ham ber effectively rep re sents m ore than 1 m illion H is panic-ow ned businesses. T he o rg an izatio n ’s recent grow th has show n its in flu ence in com m unities not trad i tionally considered centers for L a tin o d e v e lo p m e n t,” said C ongressm an Paul. Prudential La Paz (AP) - El jefe de Interpol en Bolivia, coronel A lberto A rroyo, se negó a ejecutar la orden de captura en contra del ex presidente Hugo Banzer solicitada por un juez argentino hasta que la Corte Suprem a se lo ordene. * ’ Se trata de un ex presidente cuya detención solo puede ser ordenada por la Corte Suprema de Justicia” , dijo este viernes A rro y o , tra s c o n firm a r la solicitud de Interpol de Argen tina. La captura y extradición de Banzer fue solicitada porel juez argentino R odolf C anicova, quien abrió una causa en contra del ex m a n d a ta rio p o r su presunta participación en el llam ado * ’ Plan C óndor’ ’. El plan coordinó la represión durante los últimos años de las dictaduras en Sudamérica. Banzer, de 75 años y que gobernó con mano dura entre 1971 y 1978, está acusado de la d e s a p a r ic ió n d e v a r io s ciudadanos bolivianos y de haber entregado a argentinos a las fuerzas de represión en los años 70. El gobierno boliviano rechazó el pedido de extradición por considerar que sólo la justicia boliviana puede procesar a un ex presidente. Adem ás, B anzer no tiene c a u sa s p e n d ie n te s en lo s tribunales bolivianos. F a m ilia r e s y a lle g a d o s políticos del ex gobernante dijeron que B anzer estud ia la posibilidad de su sp en d er su viaje a E stados U nidos donde recibe tratam iento co n tra un cáncer term inal ante el tem or de ser d eten id o fuera de Bo livia. Banzer dimitió a la presidencia en agosto pasado por motivos de salud y se trata en el hospital W alter Reed de W ashington. “Serving You Into The New Millennium!” “ 1 ’m on YOUR side. ^atn* <«**•'*« «aav»? Commercial and Residential Services Hispanic Chamber of Commerce Valued Interpol Bolivia rechaza capturar a Banzer agosto pasado - last August DDITIONAL SERVICES beach getaw ays in the U nited States, M exico and C anada w ith the slogan, “M exico, closer than ever.” Security was tightened at vaca tion spots across M exico and the paperw ork needed to drive south across the border was eased. In recent w eeks, throngs o f A m e ric a n s h a v e r e tu rn e d to C an cú n ’s w hite sand beaches, all but em pty after Sept. 11. S ettling into a lounge chair af ter a sw im in the ocean, D eirdre M cC affrey said that after losing her jo b at energy trading co m p any E n ro n in H o u sto n , she w anted bright sunshine and aq u a m arine w aters — not m ore terror ism reports. R oughly 80 m iles south along the C aribbean coast, crow ds o f tourists listen to guides o r sw im at the rocky beach below T u lu m ’s M ayan ruins. b riefly as ac tin g p re sid e n t b e fo re D u h ald e w as v o te d in. A s D u h a ld e ’s ec o n o m ic team w orked on a rescu e plan th at w ill lik e ly m ean th e su c c e ss o r fa il ure o f h is p re sid e n c y , m an y A r g e n tin e s b ra c e d fo r a d e v a lu a tion. “I w ant to d um p these pesos as fast as I ca n ,” said F rancisco R o sa s, a 3 2 -y e a r-o ld sc h o o l teacher seeking o u t black m arket tra d e rs in d o w n to w n B u en o s A ires. “W ho know s how m uch these w ill be w orth o v er the next few d ays.” O thers invested th eir m oney by buying costly im ported goods such as househ o ld appliances, fearing the prices co uld clim b quickly after a devaluation. Som e pharm acies stopped tak ing paym ents from governm ent health plans and accepting credit c a rd p a y m e n ts , w o rrie d th ey w ould not be processed before devaluation. Call or email “Valerie Scott” today 503-256-1234 503-450-9524 vsrott@pru-nwxom • Call NOW to Sell • Call NOW to Purchase • Ask about Financing, Marketing and the “Home-Link” Program ABSOLUTE AUTO SERVICE N.E. Kilpatrick Portland, OR (Ohs.CVtU'X* email: acls@portlanclobserver.com \ (503) 283-0414
