Saturday, March 23, 2013

Ecuador orders small bank to suspend operations


QUITO, March 18 | Mon Mar 18, 2013 8:01pm EDT
(Reuters) - Ecuador's banking regulator on Monday ordered one of the smallest banks in the Andean country to suspend operations due to solvency and liquidity problems.
The Territorial Bank currently has assets worth $170 million. Ecuador's banking system had total assets worth nearly $28 billion by the end of 2012. 

http://www.reuters.com/article/2013/03/19/ecuador-bank-idUSL1N0CAFQQ20130319

Thursday, March 21, 2013

Saturday, March 16, 2013

On A Roll: Ecuador's gamble with the U.S. Dollar

On A Roll: Ecuador's gamble with the U.S. Dollar  

From Today in Ecuador - Miami Herald

QUITO – Ecuador’s Law of Economic Transformation, which made the U.S. dollar the nation’s legal tender, has lived up to its name by any measure. Since the adoption of the dollar in 1999, the country’s economy began rising from the dead and today the population of 15 million has never had it so good.: http://www.todayinecuador.com/noticias-ecuador/on-a-roll-ecuador-s-gamble-with-the-u-s-dollar-576256.html 

Wednesday, March 13, 2013

Ecuador’s Paraplegic (Former) Vice President Lenin Moreno

Ecuador’s Paraplegic (Former) Vice President 

Lenin Moreno a Major Force for Disability Rights

It can be easy to overlook the tiny South American nation of Ecuador. Yet Ecuador stands out as one of the region’s most advanced countries for disabled people. A major force behind this effort is Lenin Moreno, Ecuador’s vice president. A paraplegic, Moreno is one of the world’s highest-ranking leaders using a wheelchair.
Lenin Moreno was once a wealthy businessman and politician. But in 1998, he was shot in the back as gunmen stole his car from a parking lot in Quito. He was paralyzed from the waist down. Moreno overcame intense pain and bouts of depression to become a motivational speaker. He’s written books about the healing power of laughter. He also performs inspirational songs.:
http://www.theworld.org/2013/02/ecuador-lenin-moreno/

Tuesday, March 12, 2013

New UIO Airport Update March 13, 2013 Gringo Tree

New UIO Airport Update

March 13, 2013
Tomorrow marks three weeks since the new Mariscal Sucre Airport opened east of Quito. We’ve had a fair amount of feedback from people who’ve passed through there on their way to and from Ecuador. This is a summary of what we’ve learned, both from you and on our own. ..
http://www.gringotree.com/cuenca/articles/mod/articles/article.php?article=51

Monday, March 11, 2013

Terrorism Watch: U.S. Embassy Lifts Travel Restriction to Cusco Reg...

Terrorism Watch: U.S. Embassy Lifts Travel Restriction to Cusco Reg...: The United States Embassy in Lima has lifted a travel restriction on Peru’s southern region of Cusco and the Inca citadel of Machu Picchu...

Terrorism Watch: FARC negotiators not allowed to leave Cuba: PG

Terrorism Watch: FARC negotiators not allowed to leave Cuba: PG: If the FARC negotiators leave Cuba now they will be captured, Colombia 's prosecutor general said Friday. Eduardo Montealegre'...Eduardo Montealegre's statement comes after the FARC negotiators allegedly tried to charter a flight in order to attend the funeral of President Hugo Chavez in Venezuela.