Archive for October, 2015

New Justice Minister Faces Choppy Waters

New Justice Minister Faces Choppy Waters

The new minister for Justice and Human Rights, Aldo Vasquez, was sworn in at the government palace on Wednesday evening, during a week of some of the most difficult crises that President Ollanta Humala’s government has faced since taking office in 2011. Vasquez succeeds Gustavo Adrianzen, who resigned this week […]

Chicken Little in the Inca Heartland

Chicken Little in the Inca Heartland

By Rick Vecchio ✐ Peruvian Times Contributing Editor ☄ “There is so much more to Peru than Cusco and Machu Picchu.” How many times has that refrain found its way into print and onto the Internet? Tell it to Cusco as it ramps up a two-day general strike to overturn Legislative […]

The IMF Says Gloom But Not Yet Doom for World Finances

By Nicholas Asheshov ✐ The IMF/World Bank AGM in Lima this past week wrapped up with an unusual contrast between confusion and organization. The organization came from, in good part,  Peru.  The Economist commented breezily that President Humala’s decision to make the Friday and Saturday a national holiday, thus freeing up Lima traffic, was […]

Backus Gives AB InBev Monopoly of Peruvian Beer Market

Backus Gives AB InBev Monopoly of Peruvian Beer Market

The acquisition by Belgium’s Anheuser-Busch InBev of its major competitor, the London-based South African brewers SAB Miller, is being called the third largest merger-acquisition in history, with an offer of $109 billion for SAB Miller.  (The other two historic M&As are the Vodafone AirTouch-Mannesmann deal of $172 billion in 1999 and Verizon […]