4.29.2005

ASBPE Awards in (drum roll please...)

Congratulations to Latin Trade Creative Director Bryan Cooper, Research Director Gabriela Calderon, "Silicon Jack" columnist Jack Epstein and News Editor Forrest Jones for winning in three categories in the 2004 American Society of Business Publication Editors (ASBPE) awards.

In no order:
  • Bryan won for his redesign of the magazine in June 2004; see the old look here
  • Gabriela for her original research in the July 2004 Top 100 Companies issue
  • Jack for commentary (Silicon Jack), his third time in four years
  • Forrest for his editing work on Jack's columns, which ran in May and September 2004

According to whom?

Sometimes writers ask, even beg, to quote sources off the record in Latin Trade. As sexy as that kind of thing sounds, here's a good reason why not, from today's Good Morning Silicon Valley:

Q U O T E D

    "Why would a supposedly credible rag like BusinessWeek quote an anonymous hedge fund guy on a totally unsubstantiated rumor designed to spike the stock price? I will bet this hedge guy is laughing his butt off that BusinessWeek printed this as he profits from the $0.42 rise in the price this morning."

    -- Sun CEO Scott McNealy shoots down a rumor that he and an investment firm were considering taking Sun private

Name your price

Yet another common question: Why can't I write for Latin Trade and also do consulting work for corporations, or part-time PR. If it wasn't already obvious, consider this... and this...

Yet the real problem is not so much that some people are bad journalists, but that most of the non-journalist world has assumed, from the start, that anyone can be bought. Just the other day a huge advertising agency -- one of the biggest in the world -- e-mailed me asking what kind of "awards" I'd like to get as a journalist. I wrote back and asked, innocently enough, "You mean, like Pulitzer prize awards, or simply gifts to journalists?" He meant gifts, so I explained our no-gifts, no-travel policy.

They already think we can be bought and sold. Don't give 'em any rope on this.

4.27.2005

Live from Eurofinance

I'm here today, all day, at the Eurofinance Treasury Management event in downtown Miami. Two interesting items to report: Our April edition is flying off the table, and we are oddly the only magazine distributing here, at least that I've seen so far. Normally, you have to be careful not to trip over the piles of free mags at these things, but not this time.

In any case, everyone I've met here has said, "Oh, of course, Latin Trade. We get that in the office." Or, "I've read you for years." A testament to our market presence to say the least, given that most of these folks are only tangentially concerned about the region. Kudos to all...

Did I mention that the Billboard magazine Latin Music Awards are going on in the same hotel, on the same floor? The place is crawling with Latin hipsters with multiple piercings, dreadlocks and baggy cargo pants.

4.25.2005

Latin Trade breaking ground in Mexico

Interesting report from the folks at Media Planning in Mexico came our way. They find out who's reading what and why through typical 1,000+ person interviews.

Some topline results: The "affinity" study shows our best readers, that is, our biggest fans, are over 60 (ie, business owners and investors), although readership is nicely distributed, with the biggest single group being 35 to 44 years of age (37%).

We are in spot 22 in the readership survey of all monthly magazines. In Guadalajara, Monterrey and greater DF the result was 2.29% in the latest month, the top of the list being National Geographic at just over 8% of readers in Guadalajara and Monterrey and Muy Interestante at 18% in DF. Business magazines (although not direct competitors) ahead of us included Entrepreneur, Mundo Ejecutivo, and Business Selecciones. No other pan-regionals on the list. Over six months, readership was 2.79% in all three markets.

Considering just Guadalajara, a distinction Media Planning made in its report, Latin Trade falls "en los primeros lugares," among all monthly magazines, both in the past month and past six months. In those studies, no business magazine is ahead except Entrepreneur by a slight margin.

As far as perception, decision making was a key factor for reading, according to the report excerpt. Our thanks to the sales team for all their support in the region, but also much credit goes to Mexico Correspondent Marisol Rueda for strengthening our coverage in Mexico, fully one-third of our total circulation.

All aboard...

What is the point of this Web site? Well, my hope is that it will be an effective way to communicate to our 45+ correspondents from Buenos Aires to Beijing what works in the pages of Latin Trade and how to get your ideas turned into great stories.

To that end, the editors in the list on the first page, to the right -- News Editor Forrest Jones, Spanish Editor Andrés F. Velázquez and Brazil Editor Carlos Adese -- will on occasion hold forth, probably in their respective languages, on individual stories and writers. More soon...

4.13.2005

Gol growing, Latin Trade is there...

Rio de Janeiro - A Gol, que já representa quase 90% do tamanho da Varig no mercado doméstico, encurtou a distância que a separa da tradicional empresa aérea, segunda colocada no ranking do setor, que é liderado pela TAM. Dados do Departamento de Aviação Civil (DAC) relativos a março mostram que a Gol, que opera há quatro anos, detém 26,09% do mercado, enquanto a fatia da Varig é de 29,89%. A TAM detém 41,73% do mercado. O Estado S. Paulo

Gol is closing the gap. Latin Trade Brazil Editor Carlos Adese was all over this in March, with his big, flood-the-zones coverage of Gol, TAM, Varig and all the rest.

Adese writes in our March edition:

Gol seems to be in quite a hurry to grow. In 2004 the airline lofted a successful initial public offering on the São Paulo and New York stock exchanges and drew up plans to go international in 2007, beginning with two daily flights from São Paulo to Buenos Aires. Gol expects to offer travel across South America in the same way it serves its 30 destinations in Brazil from São Paulo to Manaus, which is not much of a stretch considering the distances it would have to fly abroad are the same as those it already flies inside Brazil's borders. "We believe that it is possible to fly around South America with the same model under which we operate in Brazil," says Tarcísio Gargioni, vice president of marketing, research and services at Gol.

4.12.2005

April is out!

Excellent April edition, thanks to some tricky deadline work from a number of hard-working correspondents. Take a look at our first attempt at the new Hot 50. We asked our correspondents to track down contacts at all 50 companies and they came through big!

Bill Hinchberger did a nice job on the Brazil outlook, complete with a Davos dateline.

A notable debut in our pages from Eduardo Coronado in Chile, on the billion-dollar doings of Chile's wild retail market.

Ken Rapoza was all over the book, but it was his travelogue/complaint piece on bossa nova that really helped define our travel section this month.

Finally, our Spanish Editor, Andrés F. Velázquez, was on the road again, this time to Panama, where he spent some quality time with newly elected President Martín Torrijos. Very nice work, indeed. Look for more presidential chit-chat from Andres in coming issues.

4.08.2005

LATIN TRADE: A quick guide to sections

Radar
Length: 300 words
Focus: Brief stories provide new, exclusive, relevant, original, entertaining, high-impact and well-presented information.

Q & A
Length: 700 words, including 100-word intro.
Focus: Major corporate or public policy makers.

Currents
Length: 800 and 1200 words
Focus: Corporate and sector news. Profiles of policy makers, people in the news, entrepreneurs or fish-out-of-water types (a Uruguayan in Mexico, a Brazilian in China). See What We Need Most to understand more about pitching these general stories.

Features
Length: 2000 words
Focus: As assigned.

Destinations
Length: 800 and 1200 words
Focus: Stories related to the business travel and hospitality as well as airline, cruise and train travel. Also, stories about areas/regions with a unique business heritage in Latin America, not destination/vacation stories.

Rules & Regulations
  • Confirmed story assignment will be sent to you in writing.
  • Pitch first, story assignment follows. A pitch is a short sample of the what the story will say with a definitive "hook" or story idea, plus a list of prospective interviews. Here's an example:

Gerdau group, Brazil's biggest steelmaker, has expanded abroad. In 2003-04 it bought two Colombian steel mills for US$75 million, giving it a presence in a fifth Latin American country, and four remaining mills of North Star Steel, boosting North American presence. INTERVIEWS: CEO Jorge Gerdau Johanpeter and senior V.P. Carlos Petry; steel consumers like auto parts makers and civil construction; suppliers of raw materials; Brazilian steel product exporters.

  • SOURCE MATH: Word count divided by 200 = number of quoted sources, so a 1,000 word assignment needs at minimum five quoted sources, etc.
  • If you make an accusation, person/institution must be given opportunity to respond.
  • If story focus shifts, editor must be notified in writing.
  • If story is time sensitive, you must indicate that to the editor.
  • If you are going to miss deadline, you must notify staff in writing. Otherwise, we will assume story is not coming.

Self-Editing: Five Easy Steps
  • Is the sub-head easy to write? If not, the story central theme or thesis is probably not very clear. Remember, if you can't figure out what the story is about, the reader will have even less of a clue.
  • Do you have photos, charts or other art for the story? If there is nobody to photograph, the story probably lacks a protagonist. Similarly, if you have all building shots, the story is probably a brick.
  • How many examples are in the story? There's a stupid journalism rule that says three examples make a trend. Use it.
  • Do the numbers confirm the trend? An easy way to remember statistics is to check them with sources. Add up numbers. Do charts total 100%? If you use percentages, provide the base numbers, too, as in "sales rose 45% to US$15 million in a year."
  • How many sources are there in the story? If you aren’'t talking to enough people, what do you really know?

4.01.2005

Reporting guidelines for Latin Trade

Interviews are key

Interviews drive stories for Latin Trade; otherwise, it's rewarmed analysis I could do from here. Send me a short list of your interview targets. Knowing that, we can suggest interviews that might not have occurred to you as you report. Also, it gets our photo people moving faster.

You need the CEO (failing that, his designated officer who speaks for the company). I realize they're going to tell you no. Keep at 'em. Give them reasons to say yes by being available. Your company will likely give you a lower-ranking exec at first, but push for the top. Call, send faxes, build up contacts with their top PR people inside. Eventually, you'll get your 15 minutes or so with the boss. Then, you're off to the races, since pretty much everyone else (customers, suppliers, competitors, whoever...) will be on board in a second. Here's an idea: Pitch them on a plant tour or something that shows you're willing to spend time walking around the joint. Talk to mid-level people off the record if you can. Make clear what your story focus is (without promising anything and certainly not allowing them access to your story prior to publication) and they'll be more likely to buy in. A story about acquisitions or their strategy abroad they'll understand. Just saying, "Oh, get me the interview and I'll decide later" will make them skittish, and understandably so. If you hit a total wall, continue the contact and focus on another target.

Unless the CEO has some edict from the lawyers to shut up for some unrelated reason, a lawsuit or whatever, he'll eventually cave and give you some time. Remember, these people live on airplanes. If they tell you he or she is unavailable for a month, it's probably true. Don't give up, just refocus on another target and come back to it. Another possibility is they might be in a quiet period or about to release numbers. If they give you a flat no, ask why. If the reason has to do with something that will end sooner than later, tell them you can wait. It'll be worth it. Meanwhile, you can get the ball rolling at three, four or five other major companies and then just harvest them when they come around. And don't assume they won't talk to you. At the weirdest times, companies will suddenly want a chance to speak their piece in print. Some companies are more cognizant than others about the value of exposure in Latin Trade. If they seem unconvinced, talk about our circ (nearly 100K, 80K+ paid) and reach (top Brazilian, Mexican and multinational execs regularly agree to interviews). Whatever their motivation for speaking will be clear when you get there, but it's not your problem. You got in, that's all that matters.

Sources should be balanced

Talk to participants (executives, suppliers, customers, partners, regulators, investors) not observers (academics, pols, analysts, professional commentators of any type -- more on avoiding analysts here). If your story is going to raise a certain point -- a company has been hurt by a competitor, some member of the board is a loose cannon -- we have to get them on the record or take such pains to do so we can legitimately say, "Sr. Fulano declined to comment." I have no problem saying you're ugly as I long as I say you're ugly to your face. We do not publish charges without offering the company or individual space in the same story to respond. We do not publish off-the-record interviews except in extreme circumstances (life in danger). We have this policy for the same reason the parks service does not want you to feed bears: They'll come to expect it, and then we have trouble. It's tough, but that's journalism.

Information gathered at press conferences should be identified so, as in "Slim told reporters Tuesday...." Likewise, one-on-one or exclusive interviews with big fish get played up big, too, as in "In an exclusive interview with Latin Trade, Slim said...."

Always rely on primary source material. Information cribbed from local media is verboten (errors, slant, false reporting and outright propaganda is the risk) and reusing wire stories is also verboten (usually, the problem here is errors). Find out. Call the company. Get the press release. Read the financial filings. Be a reporter. Parrots I do not need.

Target your sources first

In terms of length, it depends on how many interviews you nail and, to a greater extent, the newsworthiness of the story. In a monthly with our lag time, that often means to what degree we can move the story forward three months after it's news. In a single page story (650 words max) there is probably room for three interviews. In a double pager, our section maximum (1200 words max), I can usually squeeze in five or six quoted sources. You can certainly talk to as many people as you need to understand the issues, but that's about how many of them will end up speaking in the story, and I have found that for some interviewees it turns out to be an issue. They expect to be quoted, weirdly enough (I have seen resumes where people list the magazines that have quoted them). The longer story needs more oomph, obviously, so if you have Slim on the record, that's big. Clearly, if you talk to a board member or the CFO, you're nearly there. Add a competitor, a regulator and a customer or two, and you're golden.

"Write what it's worth"

At least that's what one of the editors back at The Miami Herald used to tell us. Some writers have a hard time cutting their work. That's what editors do. If you want to send 800 words because you think it's complete, I'll run 650. On the other hand, it will seem like the same 800 words since I will much more clearly see on a fresh read what's repetitive and can go. You won't notice a difference. What's more, you end up with a screamin', good-reading, by-lined clip, which at this stage is what you should be after most. In large part, that's how you'll get your next job: great clips. As the editor, I drift into the background in these matters, but then that's the gig. I get rewarded for putting great stories together in convincing packages and leading reporting. It's a different goal.


Numbers drive the visuals


Latin Trade stories usually cry out for charts. If you run into any crunchable data in your reporting, please advise. We have a great research director, but some subjects are simply too inside for her to track all the time.


Reselling your work


We cannot and do not publish material that has appeared anywhere else. You can certainly recycle notes from other work, but not quotes or whole swathes of a story. We have a fairly liberal policy on reselling, meaning you can try to convince any non-competitive media to buy a story AFTER our publication date has passed, not before, assuming it is 1) not identical and 2) does not appear in the pages of our competitors, AmericaEconomia, Latin Finance, Latin CEO, Economist, FT, Poder, WSJ, and two or three others I can't think of right now but will be obvious if you think about it. If Latin execs read it, sell it somewhere else, basically. A lot of Web sites might be interested in buying your ex-LT piece, but beware turning it over prior to our pub date. I have seen our stories on Web sites weeks before we get into print. I chose not to work again with those writers.

Ethics

There are a lot of journalism ethics statements. The New York Times (sic) has one 53 pages long. Mine is simple, both for sources and for your interaction with me:

"Say what you do, do what you say."


Sources will respond most effectively and comfortably if they understand what you plan to say about them and then follow through. If you don't explain, or worse, write something else, they'll have every right to complain, and it's to me they'll be complaining. Mind you, that's NOT the same as delivering detailed interview questions in advance, allowing sources to edit copy or otherwise handing over the story to the company (which you should not do at all). If you need advice on how to manage their expectations, case by case, just ask.

I will be most happy if you explain what you plan to deliver, and then deliver same. Stories change during reporting. I understand that. Just keep an open line and make clear what you are doing and why. Most probably, I can help you focus your ideas if things get slippery. See here for a more specific primer on ethics standards as generally practiced.

Some unsolicited advice

I've been there as a freelancer (four years in Chile, Business Week, Newsweek, blahblahblah), so here's my view: Cents per word is meaningless. My most lucrative contract while in Chile was with Latin Trade. Why? Because the editing process was relatively quick and they assigned me, on average, two stories a month. As long as I filed a complete story, I usually had one quick question round and a readback and I could move on to the next assignment, which is the key to succeeding in freelance: File and move on. Some mags paid more, but I got one story a month out of them or less, and the editing was endless. I was doing some media consulting stuff, and I had to figure out what my time was worth once. I did a spreadsheet breakdown and I found that all of my clients paid me exactly the same money in terms of time (which, coincidentally, helped me turn down certain new clients based on their time/reward offers).

Most of the writers who write for me repeatedly do the same. They report completely, and they work hard to develop sources and to turn in a complete file. Some of them are not great writers, but they are thorough reporters (although great writers are certainly welcome!). Transitions I can fix. Logic flow I can fix. Line editing I can do. Reporting on hard-to-reach sources inside your country I cannot do from here. Focus on the idea and who you need to reach, and you'll do well.

Latin Trade Stylebook (English)

Revised June 20, 2006

acronyms – Avoid them. If necessary, mention them in parenthesis at first appearance of company or entity name, but use full name on subsequent references. Up to five letters uppercase if each letter stands for a word (CVRD, ECLAC, PDVSA). If not every letter is a word or there are more than five letters, lowercase with first letter in uppercase (Pemex, Codelco).

Exceptions: DirecTV; HP should be spelled out Hewlett Packard or Hewlett--Packard Company on first reference, but no HP in parentheses is needed. Second reference is HP; Minnesota Mining and Manufacturing Company should be called 3M on first reference. See: Nafta, DR-Cafta.

al-Qaeda – This is the AP style. Also Osama bin Laden.

American – Ignore the AP stylebook on this one. A person from the United States is a U.S. citizen or U.S. resident. People from North America are North Americans, but only say this if you mean Canadians, Mexicans and Central Americans too.

Argentine, not Argentinian.

autoparts, autoworker, automaker – each one word.

-based – We’re using this as a crutch to avoid more direct adjectives. Better to explain the company and place it somewhere. Rather than “U.S.-based Texaco,” “U.S. petroleum company Texaco.” Rely on “-based” only if it makes the text clearer.

Bento Gonçalves– Contrary to the rule of “no diacritical marks” on geographical locations, this place does. Use the cedilla on the Brazilian city name and any other place name in Portuguese. See São Paulo.

Big Business, Big Pharma, Big Tech
– capitalize. But, small business do not.

billion – A thousand million. A number with nine zeros after it. 1,000,000,000. See trillion. Spanish, mil millones. See: milllion, trillion.

bio-prospecting – hyphenated, although biotech, biotechnology and biochemical are not.

book chapters – this is an exception to AP style. Italicize; do NOT put in quotations.

book titles – this is an exception to AP style. Italicize; do NOT put in quotations.

business-to-business – not B2B (except in opinion columns). Always hyphenate.

bylines – All caps bold the names, city in all caps no bold. List writers alpha by last name. Double bylines use no conjunction. No “by” in any language.

MARY A. DEMPSEY * MIAMI

GREG BROWN * MIAMI MARY A. DEMPSEY * MIAMI

In sections, no more than two writers can be credited for a story. In features, no more than five. After five, place all writers at the end in alpha order by last name. Example:

—reported by Liseth Camacaro (Caracas), Darcy Crowe (Bogota), Michael Kepp (Rio De Janeiro), Jen Ross (Santiago), Marisol Rueda (Mexico City), Juan Pedro Tomás (Buenos Aires), María Elena Verdezoto (Quito) and Lisa Wing (Peru)

Cafta – The clumsily named United States-Dominican Republic-Central America Free Trade Agreement in our pages goes by DR-Cafta on second references. On first, find a way to explain it textually, as in "the free trade agreement between the United States, Costa Rica, the Dominican Republic, El Salvador, Guatemala, Honduras and Nicaragua, known as DR-Cafta."

Central Bank – exception to the AP Stylebook. We capitalize this in reference to the Central Bank (Banco Central) of a Latin American country.

chat room – Two words.

colon – Join two closely related sentences or clauses with a colon. If second is a complete sentence, capitalize first letter of first word. If a clause, lowercase first word.

company names — See entry on Co. For unusual company name spellings, follow their spelling in most cases, for example, DaimlerChrysler, PricewaterhouseCoopers. For technology companies using odd punctuation, grammar or capitalization style, capitalize the first letter unless the second letter is up. Thus, iplan networks is Iplan Networks, while eHealth Latina is unchanged. Drop “.com” on second reference. iNNERHOST, whatever their arguments to the contrary, is Innerhost. Latin Trade is written in small caps, no apostrophe and no “s”. No other Latin Trade product, such as Bravo or a feature, uses small caps. If you are typing the name of the magazine in a technical medium that does not allow for font controls, simply type LATIN TRADE.

composition titles — this is an exception to the AP rules. All book titles, magazine and newspaper names, song titles, play titles, TV show titles, operas, etc. are italicized, NOT put in quotation marks.

co. – abbreviate for Company if part of the official name

corp. – abbreviate for Corporation if part of the official name

compania anonima/S.A. – Do NOT add these to the ends of Latin American business names. Use Co. and Corp. only if the company uses it officially. Otherwise, drop it. See Inc.

customs – lower case in all uses.

Cuzco not Cusco. (Officially, in Peru, the city’s name is Qosqo.)

cyber cafe – Two words. No hyphen, no accent. “Café” alone does have an accent.

datelines – For U.S. datelines, rely on AP Stylebook. The exception is Los Angeles, which should carry “California” so it is not confused with Latin American cities with the same name. In region, use country only if there could be confusion. Capitals never have country names.

de Lastname – For last names starting like this, capitalize the D at the beginning of a sentence. Otherwise, lower case as in Spanish. In Portuguese, drop “da” before last names on second reference unless it is part of the full, legal last name. Example: HP’s Rui da Costa….Costa says that…

de la Lastname – Same as above

directions and regions - Leave in lowercase for general directions. Example: We headed north back to Caracas.

For specific regions and associations to specific regions, leave in uppercase. Example: The hurricane is moving westward, straight for the U.S. East Coast. He is a Northern Democrat while she is a Southern Republican who moved to the Midwest. I have a Southern accent. I practice Western business values.

With names of nations, leave in lowercase. Example: We bought a plant in southern Brazil. I am from the northern United States. He fought in southern Paraguay.

For states and cities, leave in lowercase. Example. I moved to eastern Santiago. There is soy in southern Parana state. I grew up in southern Florida. EXCEPTION. Leave in uppercase for widely referred to states and cities as well as for proper names. Example: South Dakota. The North Woods. The South Pole. The West Coast. Southeast Asia. The Middle East. South Florida. Southern California.


DirecTV – an exception to Latin Trade style, which normally calls for all acronymic names to go lowercase if five more letters (Fedex, Codelco, Anatel). The reasoning is that DirecTV is a combination of two common words, direct and TV, while most acronyms are letter--for--word or, in the case of Spanish, partial word for words, replacement. See: acronyms.

dot-com – hypenated

e-business – not upper case. If it’s the first word in a sentence, E-business

e-commerce – not upper case. If it’s the first word in a sentence, E-commerce

e-mail – lowercase e, hyphenated. E-mails should be written all in lowercase. See Web addresses.

Ecuadoran – not Ecuadorean or Ecuadorian

Editor’s note – on letters page, lowercase “note,” print all in italics and bold. Ex: Editor’s note: Our Consensus Forecast focuses on the eight largest economies in Latin America...

European Union — EU on second reference, no periods after letters.

fiber optic – hyphenate when an adjective, as in fiber-optic cable.

flier, flyer – frequent flier, frequent-flier program. Not flyer.

foreign words – italicize first reference only. Do not italicize words commonly used in that language, e.g. rendezvous, burrito, etc. If in a non-English language and the word you are using is only used in English, no italics, e.g. fondos hedge, site (for Web site), and so on.

Free Trade Area of the Americas – NOT Free Trade Agreement of the Americas

government – when referring to the government of a country, it is preferable—if clear—to simply say the country’s name, as in “Mexico today sued General Motors” rather than “the government of Mexico today…”

government offices, titles – lower case unless before the officeholder, like normal titles. Capitalize the office if linked by context to a specific country. Examples: Foreign Minister Joabim Falano today said…; Joabim Falan, the foreign minister, said…; French Foreign Ministry…; in France, the Foreign Ministry reported…; in Europe, the foreign ministry is an obscure office…

GPS – Global Positioning System, spelled out on first reference. GPS alone suitable for second reference or in quotes on first reference if adequately explained in the text before or soon after. A system of U.S. government satellites, 24 in all, stationed 11,000 nautical miles above the Earth. As they orbit, at least six at any given moment can be detected from any point on the planet. Each contains clocks accurate to three nanoseconds, allowing the receiver to use signal time traveled to each satellite to determine their position to within 300 feet. Using additional calculations, the error rate can be reduced to three feet.

grapes, grape vines – uppercase wines named after a grape (Sauvignon Blanc) and lowercase the actual grape name (merlot, cabernet sauvignon). See: wine.

hard-line, hard-liner

healthcare – always one word no matter if it’s used as a noun or adjective. This is an exception to the AP stylebook.

hyphens – use them between adjectives before the noun they modify, but not after. Exception on combinations of numbers and words. So, light-yellow jacket, but the jacket was light yellow; a US$37 billion agreement, not a US$37-billion agreement. Exceptions: free trade, credit card. Never use hyphens.

identification card — can be “ID” if an adjective, as in ID card. No periods after letters

Internet service provider — Not Internet Service Provider

Inter-American Development Bank – second reference IDB, not IADB.

IPO – initial public offering (lower case) on first reference, IPO thereafter.

immigrant, emigrant—Use migrant in both cases if the phrases is repeated so often in a story as to be confusing.

Internet – short form: Net.

kilometers vs. miles — always go with the metric measurement

Latin Trade -- Latin Trade is written in small caps, no apostrophe and no “s”. No other Latin Trade product, such as Bravo or a feature, uses small caps. If you are typing the name of the magazine in a technical medium that does not allow for font controls, simply type Latin Trade.

like – put a hypen before it when used as a suffix: Zen-like, child-like, etc.

Los Angeles – exception to AP style. Carries “California” after the city.

magazine names—this is an exception to AP style. Italicize; do NOT put in quotations.

market maker — as a noun. Hyphenate if used as an adjective.

megawatts — always spell out and in lower case.

Miami – stands alone, without Florida.

miles vs. kilometers – always go with the metric measurement

million – One thousand thousands. A number with six zeros after it. 1,000,000. See trillion. See: billlion, trillion.

money – convert to U.S. dollars at rates at time of editing. Use US$ on first reference and $ thereafter, except when first reference is in a quote. In that case, use US$ on second reference and $ thereafter. In Q&As, if US$ appears in the introduction, follow the rule: Any second reference in the body of the interview goes without US. For end of reporting period, use relevant exchange rate. For rates, see www.oanda.com.

movie titles – this is an exception to AP style. Italicize; do NOT put in quotations.

North American Free Trade Agreement – Nafta (NOT North America Free Trade Agreement). Spell out on first reference.

natural gas — despite the rule that two adjectives must by hyphened, never hyphen in this case. Example, Ica Fluor, a Mexican construction company, said it would build a natural gas pipeline.

Net – short form of Internet

New World — refers to wines from nontraditional wine countries in the Southern Hemisphere, although not necessarily from the Americas. Typically used to mean wines from Chile, Argentina, South Africa, New Zealand, and Australia. Sometimes used to refer to cuisine from these and other countries as served in trendy U.S. restaurants, often mixing styles (think black beans and sushi on the same plate). Capitalize both words.

New Economy — Uppercase, as you would Industrial Revolution; however, old economy is lowercase (see old economy). Describes the surge of productivity related to the Internet and technology and its impact on business, which many believe has lead to an otherwise hard--to--explain combination of strong, continuous growth and low inflation in the U.S. over much of the 1990s.

old economy — lower case. Applies to any traditional and, by definition, older company with no significant and purely technological investments. Manufacturers and retailers, for instance, are old economy companies.

online – one word, no hyphen

percent – Use % instead of percent, flush to figure, ex. 20%, not 20 %. Round after two digits unless it’s Panorama and you are explaining a merger (company A bought 54.67% of company B, etc).

Examples:

2.37% is 2.4%

9.23% is 9.2%

10.14% is 10%

97.56% is 98%.

If the percents are very close to large fractions, simply: 34% is one-third; 74.3% is nearly three-quarters.

Petrobras – Brazilian petroleum company’s name does not take an accent.

PDA – Personal digital assistant, spelled out on first reference. Syn. Handheld computer. “Handheld” is spelled without a hyphen. Handheld is an adjective, never a noun.

poem title – this is an exception to AP style. Italicize; do not put in quotations.

port names – Capitalize port when a formal name. Example: Port of New York, Port of Long Beach. Lowercase if informal, as in "the port management at Long Beach said..."

post-panamax – do not uppercase the P in panamax. Also, aframax, suezmax, etc.

rainforest
– one word

rivers — Capitalize as proper name. The Mississippi River. Do not capitalize if it follows two rivers. The Mississippi and the Missouri rivers.

road show — a tour financiers and companies make to pitch buy-side bankers of the bonds they are issuing. It is always two words.

Rio Bravo/Rio Grande — go with the dateline. If a Mexico story, use Rio Bravo. If a U.S. dateline, use Rio Grande, unless in quotes or confusing.

rounding – Millions round to one place. Billions round to two places. Example: $1.3 million, $3.67 billion.

São Paulo – Contrary to the rule of “no diacritical marks” on geographical locations, this place does. No accents on Sao Bernardo, Sao Francisco, etc. See Bento Gonçalves.

small business — not capitalized.

small caps, use of — Latin Trade is written in small caps, no apostrophe and no “s”. No other Latin Trade product, such as Bravo or a feature, uses small caps. If you are typing the name of the magazine in a technical medium that does not allow for font controls, simply type LATIN TRADE.

song title — this is an exception to AP style. Italicize; do NOT put in quotations.

Southern Cone — capitalize

Southern Cone Common Market — preferable as Mercosur if referring to Spanish-langauge country, Mercosul if writing about Brazil.

states – contrary to AP Stylebook, write out full names of U.S. states. Do not abbreviate.

spinoff – not two words

start-up – hyphenated

takeover, take over – one word, no hyphen as noun, adjective. As a verb, it’s two words, “take over.”

telephone numbers – Reporters should call any phone number in a story or listing to verify its accuracy. Editors should also call before the story is in production. Many foreign telephones do not have alphanumeric keypads, so convert alpha to numbers and use international conventions, so 800-2FLY-AWA becomes [1] (800) 235-9292. Use the same country, city code convention in all Latin Trade products, which is [country code] (city code) number-number.

trillion – A million million. A number with 12 zeros after it. 1,000,000,000,000. See billion, million.

U.K. — not UK, for the United Kingdom. If a country in the U.K., name the country. The U.K. is Great Britain and Northern Ireland. Great Britain, in turn, is England, Scotland and Wales. Ireland is the acceptable name for the Irish Republic. Except for Northern Ireland, the Irish Republic is not part of the U.K.

Web — upper case in reference to World Wide Web and it always stands alone as its own word. (i.e. Web site, Web page, Web surfers…). Webmaster is lowercase and one word, so John is a webmaster, Mary is a webmaster (not webmistress).

Web addresses – always lowercase, as in www.worldbank.org, not www.WorldBank.org. On first reference to companies which use their address as the legal company name, the www. prefix can be dropped unless confusing. On second reference, use only relevant portion of the address, so Bazuca.com becomes Bazuca. Always stop addresses after the suffix unless the next term is a single word relevant to the topic. Example, a review of a handheld computer called a T2 could be listed at palm.com/t2 but not palm.com/products/pdas/usa/t2 and so forth. Mentioning a Web site should have direct relevance to the story. If section style or space permits, large numbers of Web address should be broken out of a story into boxes. While editing, always test Web addresses for accuracy and to check that sites have not closed or moved. See e--mail.

-wide – Hyphenate when a compound modifier. Example: A region-wide showdown has begun.

wine – uppercase wines name after a grape (Sauvignon Blanc) and lowercase the actual grape name (merlot, cabernet sauvignon). See: grapes.

Wimax -- Worldwide Interoperability for Microwave Access. Written by the industry as WiMAX. Follows Latin Trade style as Wimax. It's a long-range wireless Internet standard.

NUTS & BOLTS

brackets and parentheses. If editorial voice, use square brackets. If parenthetical information, use parentheses.

bylines. Generally required, with editorial discretion. Don’t put the word “by”

(Full story)

CASEY WOODS

(Short item)

—Casey Woods

chatline quotes. Put punctuation after the quotation but no punctuation after the source and citation. Example: “He tends to go in when the stock's been beaten up.”— analyst Jorge M. Beristain, on Carlos Slim Helú’s 5.9% stake in U.S. electronics retailer Circuit City Stores (Washington Post) Note that “Washington Post” remains in italics like the rest of the citation. This is an EXCEPTION to our regular rules.

datelines. Required for full stories. The largest domestic city in any country does not need a country in the dateline, just the city. In Ecuador, Quito and Guayaquil stand alone and in Brazil São Paulo and Rio de Janeiro stand alone. Miami stands alone. Consult AP stylebook for other U.S. cities. Cities whose names could be confused between countries (Los Angeles, Santiago, etc.) need country designations.

photo credit lines. PHOTOGNAME/LATIN TRADE (no punctuation at end and do NOT put “PHOTO:” before the credit line anymore).

If a company-provided photo, use

COMPANYNAME

not PHOTO: COURTESY OF COMPANYNAME

For the back page POV, credit line is PHOTO BY PHOTOGNAME/SOURCE

picture cutlines. Generally, the editor has discretion on whether to publish a cutline or not. Photos of individuals usually run with last name only. Also applies to lists and other short text items: Sentences always get punction. Fragments do not

pull quotes. Can be paraphrased lightly. Credit line should be name, title, company although editor has some discretion for clarity. Example: Juan Alvarez, president, Alvarez Flight Safety

quotewrap quotes: Put punctuation after the quotation but no punctuation after the source and citation. Example: “He tends to go in when the stock's been beaten up.”— analyst Jorge M. Beristain, on Carlos Slim Helú’s 5.9% stake in U.S.--based Circuit City Stores (Washington Post) Note that “Washington Post” remains in italics like the rest of the citation. This is an EXCEPTION to our regular rules.

source lines at end of charts/graphs. SOURCE: XXXXXXXXXXXX (no punctuation at end) Always use SOURCE as singular, never SOURCES.

unusual word quotes. Introduce unusual words or phrases with quotes, but only on first reference. Thereafer, lose the quotes. Example: During the 1970s military boom era, known as “Great Brasil,” the government was… In the late ’90s, hoping to revive the Great Brazil era, the government…

chart styles:

Legends go lowercase except for words required to be uppercase by style (GDP, for example). In keys, words are uppercase first word, lowercase thereafter except for words required to be uppercase by other style (U.S., Brazil, etc.)

-- legend: millions of units, % change

-- key: PC shipments, Growth, Consumers who prefer rusty nails over eclairs

US$ billion

US$ million

US$

Alphabetize countries unless information or trend is clearer in another order.

Chart text for beneath titles:

Upper and lower case; if a sentence, puncuate

Example: Brazilian callers drive down prices.