Pablo Escobar News
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Victor Carranza, who fought off Pablo Escobar’s Medellin cocaine cartel, Marxist rebels and rival traders, to achieve a near-monopoly of Colombia’s emerald trade, died of cancer at the age of 77.
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Incoming Mexican President Enrique Pena Nieto will inherit a drug war that has cost more than 47,000 lives since 2006. He’s betting that the Colombian general who helped take down kingpin Pablo Escobar will help him win.
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Colombia, Latin America’s murder capital when Pablo Escobar ran the Medellin drug cartel in the 1980s, produced the region’s best risk-adjusted stock returns over the past decade as improved security bolstered economic growth and foreign investment.
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The last time Javier Diaz saw his father was when he was 14 and Colombian paramilitaries accused the elder Diaz of supporting guerrillas. That was equal to a death threat at the height of Colombia’s now five-decades-long internal war.
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Thirteen-time Colombian champion Millonarios, once owned by a drug cartel billionaire, plans to become Latin America’s first soccer team outside Chile to list shares as new owners and a Harvard University-trained turnaround specialist lead it out of bankruptcy.
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Mexican presidential frontrunner Enrique Pena Nieto named General Oscar Naranjo, the former head of the Colombian national police, as his top security adviser, pledging to launch a more effective fight against the nation’s drug cartels should he win the election in two weeks.
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Billionaire investor Sam Zell’s Equity International is in talks to invest in Mexican and Colombian real-estate firms as economic growth prospects outweigh drug-fueled violence, Chief Executive Officer Gary Garrabrant said.
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A record number of homicides in Mexico is forcing President Felipe Calderon to open discussions on a new strategy in the war on drugs: legalization.
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Forget swallowing condoms full of cocaine. If you really want to move product, hire a priest. Better yet: Buy yourself a few slabs of granite.
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Avianca Taca Holding SA, the owner of Colombia’s biggest airline, is slowing its expansion this year as a precaution as global growth falters, company President Fabio Villegas said.
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