first_imgOUR SILVER OAK, LIEUTENANT DAN & IRISH HEATWAVE MEET AGAIN AS THEY HEAD A FIELD OF NINE SOPHOMORES IN SATURDAY’S $200,000 SNOW CHIEF STAKES AT 1 1/8 MILES ON TURF RACE IS PART OF LUCRATIVE GOLDEN STATE SERIES FOR CALIFORNIA-BRED OR SIRED HORSES   ARCADIA, Calif. (June 19, 2019)–Separated by just a head when last them met, Our Silver Oak, Lieutenant Dan and Irish Heatwave head a field of nine sophomores going a mile and one eighth on turf in Saturday’s $200,000 Snow Chief Stakes at Santa Anita.Named for the Melvin Stute-conditioned winner of the 1986 Santa Anita Derby and Preakness Stakes, Snow Chief, a California-bred son of Reflected Glory who would be named Eclipse Champion 3-year-old for 1986, Snow Chief also defeated 1986 Kentucky Derby winner Ferdinand the following winter in the Grade I Strub Stakes at a mile and one quarter.The Snow Chief Stakes is part of the lucrative Golden State Series, which is sponsored by the CTBA and is restricted to California-bred or sired horses.With Our Silver Oak, Lieutenant Dan and Irish Heatwave all exiting the Silky Sullivan Stakes, for state-breds at one mile on turf April 28 at Golden Gate Fields, they will no doubt be head and head in the Snow Chief wagering on Saturday.OUR SILVER OAKOwner:  Robert Jones, Michael Nentwig & Ray PaganoTrainer:  Jonathan WongAttentive to the pace in the Silky Sullivan, this Unusual Heat gelding may’ve been unlucky to lose, as he got shuffled back around the far turn and had five lengths to make up turning for home. In a desperate finish, he was flying on the outside and finished second by a nose to Irish Heatwave, with  Lieutenant Dan another nose back in third.   With the addition of Mike Smith and another furlong, Our Silver Oak should be extremely tough on Saturday. Based at Golden Gate, Our Silver Oak was bred in California by current CHRB Commissioner Madeline Auerbach and is out of the Alphabet Soup mare Strawberry Flash.LIEUTENANT DANOwner:  Nick AlexanderTrainer:  Steve MiyadiHead and head with Irish Heatwave the length of the Silky Sullivan stretch, this homebred gelding by Grazen just missed, finishing third by the official margin of a head.  In what will be his second try at two turns on grass, he retains the services of Geovanni Franco and will be bidding for his second state-bred stakes win. Out of Alexander’s Indian Charlie mare Excusabull, Lieutenant Dan was an impressive 2 ¼ length winner on dirt of the 6 ½ furlong Echo Eddie Stakes two starts back here on April 6.IRISH HEATWAVEOwner:  Calumet FarmTrainer:  Keith DesormeauxUltra-game in winning the Silky Sullivan by a nose after pressing and making the pace throughout, Irish Heatwave, a bay colt by Unusual Heat, out of the Broken Vow mare Irish Winnie, will undoubtedly vie for favoritism as he makes his third consecutive start going a route of ground on turf.  Ridden by Irving Orozco and off at 5-2 in the Silky Sullivan, he’ll be handled by Keith Desormeaux’s Hall of Fame brother Kent on Saturday.THE $200,000 SNOW CHIEF STAKES WITH JOCKEYS & WEIGHTS IN POST POSITION ORDER Race 6 of 10 Approximate post time 3:30 p.m. PTOur Silver Oak–Mike Smith–120Oliver–Martin Garcia–120Prodigal Son–Mario Gutierrez–120Irish Heatwave–Kent Desormeaux–124Carnivorous–Abel Cedillo–120Appreciated–Aaron Gryder–120Desmond Doss–Joe Talamo–120Mobou–Victor Espinoza–120Lieutenant Dan–Geovanni Franco–120First post time for a 10-race card on Saturday is at 1 p.m. Admission gates will open at 11 a.m. For additional information, please visit santaanita.com or call (626) 574-RACE.last_img read more

Costa Rica counts for 40 percent of CAFTA exports to the US

first_imgNo related posts. Looking back on the previous five years after the passing of the Dominican Republic-Central American Free Trade Agreement (CAFTA-DR), Costa Rica and the United States are enjoying the biggest fruits from the then-controversial free trade agreement, according to a World Bank report presented on Monday.Costa Rica accounts for 40 percent of CAFTA’s exports to the United States, far outpacing its Central American neighbors. Thanks in part to CAFTA, Costa Rica has significantly diversified its exports, including computer processors and medical supplies, as well as more traditional goods like coffee, bananas and pineapple, valued at just under $4.5 billion in 2012, according to statistics from the Foreign Trade Ministry.“The growth and development of a country like Costa Rica is inexorably tied to its integration in the global economy. That’s why we should continue working hard to eliminate obstacles both foreign and domestic that restrict our capacity to compete,” Foreign Trade Minister Anabel González said.    During the conference, hosted by the Americas Society/Council of the Americas in Escazú, World Bank’s Director for Central America Felipe Jaramillo said that CAFTA found “fertile ground” in Costa Rica, celebrating the country’s ability to attract foreign direct investment from the U.S., diversify its exports and increase its competitivity.Jaramillo said that Costa Rica’s policy of “smart globalization,” investing in its human capital, has allowed it to succeed under the once-controversial trade agreement.Costa Rica ratified CAFTA-DR, a free trade agreement with the United States, El Salvador, Honduras, Guatemala, Nicaragua, and the Dominican Republic, in 2007. A national referendum at the time passed with 51 percent voting “yes” after a protracted national debate. The vote was similarly close in the United States, where the House of Representatives voted 217-215 in favor of the regional free trade agreement.Just under 75 percent of businesses surveyed said that CAFTA had a positive impact on their operations. Only 26.6 percent surveyed said that the trade agreement had “no effect” on their business. Possible shocks to state monopolies, and consumer services and prices were at the core of critics’ concerns about CAFTA, but the World Bank director observed that some previous state monopolies have not been as hard-hit as some CAFTA critics feared.The erstwhile state insurance monopoly, INS, has retained a 95 percent market share in life insurance policies since the market opened to outside competition three years ago. In other insurance markets INS still holds roughly 90 percent of the policyholders, according to the director’s comments.The same could not be said for the Costa Rican Electricity Institute (ICE), which had a monopoly on the country’s telecommunications sector pre-CAFTA. ICE lost roughly 30 percent of its mobile market share to outside competition and 80 percent of its mobile broadband customers between 2010 and 2012.Christopher Padilla, who was U.S. Under Secretary of Commerce during the CAFTA negotiations, reflected that there are limits to what a trade agreement can achieve.“One thing that didn’t happen was the strengthening of democratic institutions,” Padilla said. “CAFTA was a necessary but not sufficient mechanism to strengthen democracy. [Nicaraguan President Daniel] Ortega has not messed with the agreement because he sees the benefits he gets from it, and that might have stopped certain actions like those seen in Venezuela, or Bolivia or Ecuador,” the trade negotiator observed.Padilla seems to have overlooked a report last week from Nicaragua, which indicated that Ortega’s Sandinista government plans to overhaul no fewer than 39 constitutional articles – roughly one-fifth of Nicaragua’s Magna Carta. Key amendments would give Ortega additional powers to govern by fiat, empower the military’s role in government by allowing active officers to hold civilian posts, eliminate the already disregarded constitutional ban on presidential re-election, and give Sandinista party structures, known as “Family Councils,” a legal mandate to meddle in the private lives of Nicaraguans. Nevertheless, Jaramillo said that Costa Rica must continue investing in infrastructure and education (a recent budget proposal by Laura Chinchilla’s administration would actually cut education spending), while encouraging innovation and a flexible regulatory framework to continue getting the most out of the trade agreement.As speakers trumpeted the successes of CAFTA, González looked forward to the next major trade agreement in the wings, the Trans-Pacific Partnership. The TPP is a growing free trade alliance between several countries in the Asian-Pacific region. Costa Rica is one of several countries that have expressed interest in joining the TPP.  Facebook Commentslast_img read more