Lat/Am Daily » Peru

Guinea pig bets on Uruguay

Peter Krupa — Tue, 06 Jul 2010 11:50:37 +0000

The Germans may have Paul the Psychic Octopus, but the Peruvians have Jimmy the Frightened Guinea Pig, whose terrified skittering apparently means Uruguay and Germany will face off in the World Cup final.

Not sure if having the support of a guinea pig will do anything to encourage the Uruguayan squad today as they stare down almost certain destruction at the hands of the Dutch.

Kick some ass

Peter Krupa — Mon, 28 Jun 2010 22:35:48 +0000

Peru’s El Comercio is reporting that a reservoir holding chemical left-overs from a mining operation collapsed, contaminating the Opamayo River, killing a bunch of fish, and polluting god knows what else.

According to MineralMundi, the Caudalosa Chica mine is used for extracting silver, copper, lead, and Zinc. Government sources are estimating that 21,400 cubic meters of toxic material escaped the reservoir, though the article doesn’t specify what kind of toxic material is involved.

When an open-pit goldmine in Costa Rica was shut down in 2007 on fears that something similar was about to happen, the chemical causing concern was cyanide. Not sure if that’s the case here.

Supposedly the Caudalosa Chica mine has polluted things before.

It would be easy to jump all over whatever mining company is at fault, but let’s be honest, mining companies and any other profit-motivated corporations will go as far as you let them. We know this for a fact. It’s what they’re designed to do: pursue profit where they can get it.

At the heart of the matter, therefore, these environmental catastrophes are the government’s fault, for not requiring strict enough safety procedures, for not funding the institutions charged with enforcing those safety procedures, and for not having strong enough punitive measures in place to punish companies who dodge the rules and to make damn sure any clean-ups are well funded.

Post-disaster, the government usually attempts a neat responsibility dodge, a la Barack Obama’s declared desire to kick BP executive ass. But really, the asses that deserve kicking are seated in nice leather chairs located in a statehouse somewhere.

Untethering

Peter Krupa — Thu, 22 Apr 2010 02:38:46 +0000

Everyone seems to agree that the economies of Latin America are experiencing a nice little recovery. The IMF, for example, just raised its forecasts for the region and is now projecting 4.1% GDP growth for the region, with 4.2% growth for Mexico and 5.5% for Brazil. Oh boy, numbers.

But here’s something interesting.

In an analysis of the region’s sovereign debt prospects (PDF), Fitch Ratings divides the region’s economies into three “camps.” One camp includes countries like Venezuela, Argentina, and Ecuador, whose recovery will be slower than that of the rest of the world for reasons that should surprise no one (high inflation, weak institutions, poor fiscal discipline, if you must know).

In a second camp are countries like Chile, Peru, and Brazil, whose good fiscal discipline, low political risk, and safe investment environments mean their economies will be growing like weeds this year and next.

Then we have the middle camp, which is basically countries that cast their development lot with the United States: Mexico, Colombia, Costa Rica, El Salvador. And here’s the interesting part. Fitch projects this group will see only a moderately-paced recovery specifically because they’re tied to the US.

Meanwhile, Fitch says the Chile/Peru/Brazil group is doing particularly well partly because it does more business with China.

So I ask you: At what other point in recent history has easy access and close ties to the US economy been seen as a disadvantage?

(Original image courtesy H. Langos via Wikimedia Commons.)

Peter Krupa — Fri, 26 Mar 2010 13:44:50 +0000

Peru is the deadliest country in the world to be a pedestrian, according to a report from the World Health Organization. Of the country’s 3,510 traffic fatalities in 2007, 78% were pedestrians. An article in El Comercio blames lack of infrastructure development. [link]

Wrong way

And now, for something totally different…

Peter Krupa — Wed, 24 Mar 2010 04:14:01 +0000

… a surfing alpaca. Well, it’s getting late.

Peter Krupa — Mon, 22 Mar 2010 13:31:39 +0000

IPS has a nice profile of Marco Arana, the priest and environ-mentalist who looks to be preparing a run for the presidency in Peru. Arana has steadily opposed destructive mining activity in the Cajamarca region and was named a Hero of the Environment by TIME magazine in 2009. He was suspended from the priesthood in February for getting involved in politics. [link]

Who’s the best paid of them all?

The Scissors Dance

Peter Krupa — Thu, 18 Mar 2010 19:36:16 +0000

I’m not sure what I like more, the music and the dancing, or the fact that the two guys competing in this Peruvian dance-off are nick-named “Terrible” and “Satan.” Subtle intimidation tactics. Also: Must visit the Andes again.

Here’s a bit of background on the danza de las tijeras from Wikipedia. Search for danzante on YouTube if you want more. H/T BoingBoing.

Peter Krupa — Fri, 05 Mar 2010 16:41:59 +0000

Eight people died in Peru when a bar served them soft drinks mixed with methanol. Police are investigating. Methanol – also known as wood alcohol – is ethanol‘s evil, deadly twin, and used in antifreeze, solvents, and fuel. [link]

Peter Krupa — Thu, 25 Feb 2010 02:38:49 +0000

Peru is on its way to overtaking Colombia as the world’s largest producer of cocaine. Colombia producers 48.3% of the world’s coke, and falling, while Peru produces 33.5%, and rising. All this is according to the 2009 annual report of the U.N.’s International Narcotics Control Board.

Neutral parties

Peter Krupa — Tue, 23 Feb 2010 18:17:21 +0000

PERU — Indigenous peoples from the Amazon region are protesting again for the first time since clashes with the government last June and left dozens dead. Four thousand “elite” police were deployed to the region where the protesters will be holding a sit-in.