Word: ecuador
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There is shrimp-inspired dancing in Ecuador these days all right, but it is not to the tune of returning boats. Instead, in vast ponds on the salty flatlands of El Oro and other coastal provinces, a new industry has sprung up: shrimp farming. Last year these farms produced 20.8 million lbs. of the tasty crustaceans, vs. nothing just a decade ago, earning $66 million in foreign exchange and hefty profits for Ecuador's new shrimp farmers...
Chief among the new shrimpers is Peter Shayne, 46, a Los Angeles native. Shayne set up a sea urchin processing plant in Chile in 1968, but was expelled by the government of Marxist President Salvador Allende in 1970 as an unwelcome American businessman. Shayne eventually wound up in Ecuador with $20,000 in his pocket and decided to go into the shrimp-packing business; in 1974 he started his first shrimp farm. Now a millionaire, Shayne is one of dozens of wealthy shrimp farmers in Ecuador...
...profits are indeed substantial and have created a kind of gold-rush atmosphere in Ecuador. An investment of $1,200 to $2,000 per acre of shrimp pond could be returned in just six months. Says Joe Fischer, an aquaculture expert brought in from Hawaii by Shayne: "People are racing to get ponds dug, even when they have no idea what they are doing...
...region last week was the fact that the U.S., Israel and Egypt had finally agreed on the multinational force that will police the Sinai after the final Israeli withdrawal next year. About half of the 2,500-man unit will be American, with the remainder coming from Australia, Canada, Ecuador and other countries. At least the basic Camp David peace accord was still intact, even if the Israeli-Egyptian normalization process had lost some momentum...
...Laura Glynn of Hartford, Conn., and Elsie Monje of Guayaquil, Ecuador, who organize destitute peasants in Ecuador and, as a result, endure constant denunciations as "Communist agitators." Based in Quito, the nuns advise labor and peasant organizers and students. Just now they are obtaining medical aid for several hundred Andean Indians squatting on unused hilly farm land. More than 30 have been wounded by gunshots in repeated skirmishes with police and thugs hired by landowners, but local hospitals refuse to treat them...