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Wednesday, 06/12/2013 8:50:37 AM

Wednesday, June 12, 2013 8:50:37 AM

Post# of 398
On the Political climate:

Some bits and pieces from a recent Wall Street Journal. You may need to have an account to read the complete article at the link below.

http://online.wsj.com/article/SB20001424127887324904004578537760172137382.html

THE WALL STREET JOURNAL Tuesday, June 11,2013- Page A14

Peru Leader Surprises Critics With Free-Market Policies

BY ROBERT KOZAK

LIMA, Peru—Many in Peru and on Wall Street once feared that Ollanta Humala might be the second coming of Hugo Chavez in South America.

But nearly two years into his presidency, the 50-year-old meets with President Barack Obama on Tuesday as a leader who has moved closer to Peru's business sector and aligned the economy with free-market stalwarts like Chile, even as some neighbors like Bolivia and Ecuador tilt toward socialism.


The Humala administration has started a number of social programs, such as a pension plan for the poor elderly, and one to give grants for students. But at the same time, he took a strong stand on promoting mining projects that were under attack by protesters who said they posed a danger to the environment.


douginil