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ThursdayApril 29, 2010

Latino Daily News: Bringing You the Latest Hispanic Current Events and News Stories 24/7

To reflect the dynamic interests of our audience, Latino Daily News is an online daily news source and virtual cultural center for and about Latinos. We offer the latest news headlines, as well as innovative and insightful Hispanic current events stories, photos, videos, and commentaries from a Latino perspective, 24/7.

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Quintana Roo Candidate for Governor Indicted

A federal judge handed down an indictment against Gregorio Sánchez, the PRD, PT and Convergencia candidate for governor in Quintana Roo, charging him with narcotics trafficking and using illicit funds. The judge also ruled to suspend Sanchez’s political rights, so his candidacy would no longer be valid. The Federal Electoral Institute was set to begin an administrative procedure to remove Gregorio Sánchez from voting lists to make official his loss of political-electoral rights after his indictment. PRD senators’ leader Carlos Navarrete said that Gregorio Sanchez’s lawyers were working to prepare a protection writ or amparo against the indictment. PRD chairman Jesús Ortega said that even though Gregorio Sánchez has been indicted he would continue to be the party’s candidate in Quintana Roo. PRD deputy Agustín Guerrero said the party’s national leadership made a mistake in choosing Sánchez as the candidate for governor in Quintana Roo given the lack of clarity in his form of income and bank accounts. PAN candidate for governor in Quintana Roo Alicia Ricalde called on the PRD, PT and Convergencia to join her campaign and get the PRI out of Quintana Roo.

Read more at Mexico Today →

Peru Frees American Held Since 1995

A Peruvian judge on Tuesday ordered the release on parole of Lori Berenson, the New Yorker who has spent more than 14 years in prison on a conviction of collaborating with a Marxist rebel group in a foiled terrorist plot to take the Peruvian Congress hostage.

A Peruvian judge on Tuesday ordered the release on parole of Lori Berenson, the New Yorker who has spent more than 14 years in prison on a conviction of collaborating with a Marxist rebel group in a foiled terrorist plot to take the Peruvian Congress hostage.

Ms. Berenson and Mr. Apari, a former rebel in the Marxist group, the Túpac Amaru Revolutionary Movement, married in 2003. She gave birth to a son, Salvador, last year while in prison.

Read more at New York Times →

Brazil Raises Interest Rates First Time in 2 Years

WHILE the developed world tries to stave off a wave of sovereign debt defaults in Europe, the Brazilian economy is partying like it’s 2008. Consensus forecasts for real GDP growth this year have now reached a brisk 6%, and the most bullish estimates project a percentage point more—the best performance since 1986.

But many analysts reckon that multiple inefficiencies mean that the economy can only grow at 4.5% or so without triggering inflation. On April 28th the Central Bank recognised the danger of overheating. Its monetary-policy committee raised the SELIC benchmark interest rate by 75 basis points to 9.5%, its first increase in a year and a half. It is expected to tighten much more in coming months. But whether that will be enough to avoid a hard landing remains in doubt.

Read more at The Economist →



ThursdayApril 29, 2010