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2006-07-26 07:29:04

By Robin Emmott PUNO, Peru (Reuters) - President-elect Alan Garcia takes office on Friday warning Peru is a "time bomb" that could explode into crippling protests if his government cannot combine its pro-business agenda with cutting chronic poverty. Garcia, who is anxious to make amends for his disastrous first term in 1985-1990 that sparked economic collapse, faces the huge challenge of delivering the benefits of Peru's unprecedented economic growth since 2002, while keeping...

2006-06-28 21:03:58

By Marco Aquino LIMA, Peru (Reuters) - Peru's Congress ratified a free-trade deal with the United States on Wednesday that the country's president promptly signed despite noisy street protests, clearing the way for its approval by U.S. lawmakers. Congress voted 79-14 for the accord, which was backed by businesses who say it will be a huge boost to Peru's export-driven economy and opposed by farmers who fear that U.S. imports will ruin their livelihoods. Six lawmakers abstained....

2005-07-13 15:17:07

LIMA, Peru (Reuters) - Thousands of Peruvians protested on Wednesday against a proposed U.S.-trade pact that a United Nations investigator warned would put medicines out of reach of millions of poor people. Farmers, doctors and politicians, some dressed as ghosts and skeletons, marched through central Lima to decry a U.S free-trade deal they see as a way of bullying Peru to allow U.S. companies to dominate its markets. "We're really worried about the impact this is going to have. Not only...


Word of the Day
penuche
  • A fudgelike confection of brown sugar, cream or milk, and chopped nuts.
'Penuche' is a variant of 'panocha,' a coarse grade of sugar made in Mexico. 'Panocha' probably comes from the Spanish 'panoja, panocha,' ear of grain.
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