Word: soto
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...states where juvenile offenders have been languishing, death sentences will be lifted for 72 offenders. That brought dismay to many victims' families. Martin Soto-Fong was 17 in 1992 when he and two accomplices robbed the El Grande Market in Tucson, Ariz., for $300 and shot three workers. Richard Gee, who lost a brother and an uncle that day, is not happy to see the murderer exit death row. "We had him at the gates of hell," he says, "and he got kicked back." --With reporting by Eric Ferkenhoff/ Chicago, Wendy Grossman/Houston and Stacy J. Willis/Las Vegas
HERNANDO DE SOTO by Tim Padgett...
This month de Soto became the second recipient of the Washington-based Cato Institute's $500,000 Milton Friedman Prize for Advancing Liberty. "Hernando sees strong entrepreneurs among the poor who make do in such horrible circumstances," says Cato's president, Edward Crane. "This is going to grow." And so, it's hoped, will the fortunes of those underground. --By Tim Padgett
Development schemes for Third World countries rarely benefit the poor, largely because aid is too often squandered by corrupt bureaucracies. That makes fresher, commonsense visions like those of Peruvian economist Hernando de Soto all the more welcome. De Soto has spent years looking deep inside the underground economies where poor people--who make up two-thirds of the world's population--eke out a living. He figures the value of their extralegal property, from cinder-block squatter homes to black-market street-vendor sales, at almost $10 billion. De Soto insists that bringing the poor and their assets into...
...Soto, 62, offers a simple solution: give these underground denizens legal title to their homes and businesses. That would grant them access to bank credit and investment capital, much as the property-title revolution of the 18th and 19th centuries enriched Western Europe and North America. A limited experiment in Peru in the 1990s proved the idea had merit when it brought in more than $1 billion in new tax revenue. Some 30 heads of state, from Egypt to Mexico, have hired de Soto for similar projects. "I think our time has come," says de Soto. "Four billion people exist...