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UPI Thoroughbred Racing Roundup

Wrap-up of thoroughbred stakes action.
ROBERT KIECKHEFER, UPI Racing Writer

UPI Thoroughbred Racing Roundup

Wrap-up of thoroughbred stakes action.
ROBERT KIECKHEFER, UPI Racing Writer

Breeders' Cup hopefuls, step right up!

Attention older horses with aspirations to the big Breeders' Cup races: This is a weekend to make your mark.
ROBERT KIECKHEFER, UPI Racing Writer

UPI Thoroughbred Racing Roundup

Wrap-up of thoroughbred stakes action.
ROBERT KIECKHEFER, UPI Racing Writer
UPI Thoroughbred Racing Roundup

UPI Thoroughbred Racing Roundup

Wrap-up of thoroughbred stakes action.
ROBERT KIECKHEFER, UPI Racing Writer

Baffert sweeps Arkansas Derby preps

Oaklawn Park split Monday's Southwest Stakes for Kentucky Derby hopefuls into two divisions and trainer Bob Baffert won both of them.
ROBERT KIECKHEFER, UPI Racing Writer
UPI Thoroughbred Racing Roundup

UPI Thoroughbred Racing Roundup

Wrap-up of thoroughbred stakes action.
ROBERT KIECKHEFER, UPI Racing Writer

A look at weekend horseracing

This could have been the week that a humble but heroic horse, Rapid Redux, made a legitimate claim for Horse of the Year honors. But it won't be.
ROBERT KIECKHEFER, UPI Racing Writer

Peru in left-right presidential election

LIMA, June 5 (UPI) -- Peruvian voters went to the polls Sunday in a tightly contested race that pits a socialist against a right-wing daughter of a former dictator.

South Korea's KT-1 trainers set for Peru

SEOUL, May 19 (UPI) -- South Korea moved closer to exporting its KT-1 trainer aircraft to Peru after direct talks with Peruvian President Alan Garcia.
4 Latin American countries sign trade pact

4 Latin American countries sign trade pact

LIMA, April 29 (UPI) -- Chile, Colombia, Mexico and Peru signed an agreement to create one of the biggest trading blocs in Latin America, officials said.

Peru, Yale reach agreement on artifacts

LIMA, Nov. 20 (UPI) -- Yale University has agreed to return to Peru thousands of relics taken from Machu Picchu nearly 100 years ago, Peruvian President Alan Garcia says.

Group says Peru giving abuse 'amnesty'

WASHINGTON, Sept. 10 (UPI) -- Peru should amend recently adopted presidential decrees that amount to "amnesty" for abuses by the country's military and police, a human rights group says.
Protesters create stir at White House

Protesters create stir at White House

WASHINGTON, June 2 (UPI) -- Two women protesting Peruvian President Alan Garcia's visit to Washington created a stir outside of the White House, the Secret Service said.
Obama to discuss BP oil spill

Obama to discuss BP oil spill

WASHINGTON, June 1 (UPI) -- U.S. President Obama will speak to the nation Tuesday about the Gulf of Mexico oil spill.
Page 2 of 8
Photos
Alan Garcia
U.S. President Barack Obama (R) meets with President Alan Garcia of Peru in the Oval Office of the White House in Washington on June 1, 2010. UPI/Dennis Brack/Pool
Wiki

Alan Gabriel Ludwig García Pérez (Spanish pronunciation: ; born 23 May 1949) was the President of Peru, having won the 2006 elections on 4 June 2006 in a run-off against Union for Peru candidate Ollanta Humala. He is the leader of the APRA and the only party member ever to have served as President of Peru. He served a first term as President from 1985 to 1990. His first term was marked by a severe economic crisis, social unrest and violence. He ran unsuccessfully for the Presidency in 2001, losing in a run-off to Alejandro Toledo. During his second term Peru averaged seven percent GDP growth a year, held inflation below three percent annually and collated Peru's foreign exchange reserves at US$47 billion; however his tenureship also resulted in increased environment damage according to critics and increased social conflict, according to the national human rights ombudsman's office.

García won the elections on April 14, 1985 with 45% of the votes. Since he did not receive the 50% of the votes required to win the presidency, García had to enter a run-off against Alfonso Barrantes (the leftist former mayor of Lima) of the United Left party. Barrantes, however, retired and decided not to enter the run-off, saying he did not want to prolong the political uncertainty of the country. García was thus declared president on June 1 and officially took power on July 28, 1985. For the first time in its sixty-year history, the APRA party came to power in Peru. Aged only 36, García was dubbed "Latin America's Kennedy," becoming the region's youngest president at the time, and the second youngest president in Peruvian history (the youngest was Juan Crisostomo Torrico in 1842, aged 34).

Despite his initial popularity among Peruvian voters, García's term in office was marked by bouts of hyperinflation, which reached 7,649% in 1990 and had a cumulative total of 2,200,200% over the five years, thereby profoundly destabilising the Peruvian economy. Owing to such chronic inflation, the Peruvian currency, the sol, was replaced by the Inti in mid-1985, which itself was replaced by the nuevo sol ("new sun") in July 1991, at which time the new sol had a cumulative value of one billion (1,000,000,000) old soles. During García's administration, the per capita annual income of Peruvians fell to $720 (below the level of 1960) and Peru's GDP dropped 20%. By the end of his term, national reserves were negative $900 million.

This article is licensed under the GNU Free Documentation License.
It uses material from the Wikipedia article "Alan Garcia."
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