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Anderson, The Golden Years Gap

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dem and we
Just 100 CEOs have as much saved up for retirement as 50 million American families combined. Photo by American Advisors Group.

The Golden Years Gap

by Sarah Anderson — OtherWords

Flo, the Progressive insurance pitch woman in the white uniform and headband, is relentlessly perky. She won’t be when she learns about the double standard that lets her CEO sock away millions more for retirement than she can.

Whereas the Flos of the working world face strict limits on how much they can set aside tax-free for their golden years, many of their bosses don’t.

Flo’s boss, Progressive CEO Glenn Renwick, dropped $26,170,569 last year into his deferred compensation account — that’s $26,152,569 more than Flo would’ve been allowed to invest in a 401(k).

Ordinary workers under 50 (like Flo) can contribute no more than $18,000 per year to a 401(k). But most big companies offer special accounts that allow their top brass to set aside unlimited amounts of their pay tax-free until they retire.

Renwick’s stockpiled more than $150 million in such an account during his more than two decades at the company. That’s enough to generate an $850,000 check every month for the rest of his life.

This double standard is just one reason the CEO-worker retirement gap is now even wider than the income divide.

A new report I co-authored for the Institute for Policy Studies and the Center for Effective Government finds that the company retirement assets of just 100 CEOs equals the combined golden years savings of 50 million American families — or 41 percent of us.

On top of their special tax-deferred accounts, more than half of Fortune 500 chief executives get traditional pensions that guarantee a stable monthly payment after retirement. That kind of security has gone the way of the typewriter for most American workers.

To cut costs, most companies have shifted to riskier and less generous 401(k)-type plans — or eliminated retirement benefits altogether. As a result, more and more seniors have to rely on Social Security to avoid falling into poverty.

They’ll be hit hard by the government’s recent decision to provide no cost of living increase in Social Security in 2016.

In response, Senator Elizabeth Warren has introduced a bill that would offer a one-year, 3.9 percent bump in Social Security benefits. How would the Massachusetts Democrat pay for it? By eliminating a tax loophole that currently subsidizes excessive CEO pay.

There are many other ways to narrow the retirement divide so that all Americans can look forward to living in dignity in their later years. For one thing, corporate executives should be subject to the same rules that govern the retirement assets of the people they employ.

If Flo the perky pitch woman can’t put more than $18,000 per year in a tax-deferred account at Progressive, her boss shouldn’t either.

Sarah Anderson directs the Global Economy Project at the Institute for Policy Studies and is a co-author of the report A Tale of Two Retirements.

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What the Republican candidates are saying

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Leading Republican candidates debate the problems of the United States and the world as they perceive them to be. Read the full transcript of what they said by clicking here.

 

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Two new sets of cracks in the new PanCanal locks

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core sample
Why is a construction problem that yields this concrete core sample being called a design flaw? Because if it is properly diagnosed as a bad concrete pour and properly resolved by tearing out the faulty concrete and redoing the work, that would cause major new delays and probably bankrupt construction companies in Spain, Italy and Panama and possibly some of their suppliers, insurers and lenders as well. Calling it a design flaw allows for a quicker, cheaper and shorter-lasting fix and for those responsible for the bad concrete to litigate with designers in an attempt to pass off some of the costs of their mistake to others.

New cracks in the new locks as the ACP looks for new revenue sources

by Eric Jackson

La Estrella’s Adelita de Coriat, having obtained a memo by a consulting firm for the GUPC consortium that’s building the new Panama Canal locks, reports that two new sets of cracks have been found in the new Cocoli Locks. One of the new problems is a previously unreported and allegedly unrelated fissure in the number three Pacific Locks sill, and now we are told of a “thinner” crack in the number two locks sill, in about the same part of the structure as the one initially discovered in the number three sill this past August.

The memo that forms the core of La Estrella’s story, by the US-British-Dutch consulting consortium of MHW, Iv-Groep and Tetra Tech, cites the two previously undisclosed cracks and GUPC claims that the “new” problem in sill three is unrelated to the one that became apparent when water began leaking during testing in August. Don’t worry, GUPC assures us — the problems only appeared when the locks were subjected to water pressures greater than they will have to withstand during normal use of the locks. (Resistance to a possible earthquake along the Pedro Miguel Fault that runs near the locks? They don’t get into that.) La Estrella also quotes Panama Canal Authority (ACP) exec Jorge De La Guardia and independent civil engineer Humberto Reynolds, with the former reiterating the GUPC’s original claim that the problem is a design flaw and the latter noting the legal consequences of a design flaw claim, wherein GUPC might be suing a design subcontractor for redress. But if the ACP has received the GUPC formal report on the problem with its recommendations for a solution, the press and public have not been privy to that. Informally the GUPC has been saying since early on that the problem is a design flaw and that the solution is the injection of cement into the cracks and insertion of more rebar rods into the structure. That would be a relatively cheap and quick fix. The ACP, while avoiding taking a hard and fast official position, has responded with silence from canal administrator Jorge L. Quijano but statements from lower level canal managers accepting the GUPC’s diagnosis and its idea of a fix.

Any conventional building inspection take on those core samples from the problematic sill number three, however, would whether or not there is a design problem identify a faulty concrete pour that results in a honeycombed structure that can’t properly hold water. Any fix less than tearing out the bad concrete and pouring it anew would be substandard and unlikely to last as long as a proper repair. But that would be quite expensive and time-consuming, especially now that problems have been found in a second sill upon which locks gates slide. Those sorts of delays and added costs would also aggravate business, political and public relations problems that the ACP has independent of the cracks in the new locks.

The PanCanal problem of the moment as reported in the international shipping press has to do with long delays — up to 10 days — for ships waiting to transit the waterway. Part of that appears to be related to some regular maintenance on the Pedro Miguel Locks that people who work for the ACP have told The Panama News has not gone well. The ACP says that to address the problem non-urgent maintenance is being put off, the tugboat crews, pilots, line handlers and mule operators will be working extra hours and there will be booking changes to discourage certain sorts of ships (those under 300 feet long and those that regularly show up at certain intervals without special reservations) from coming through Panama at this time.

The Panama Canal has financial problems that go back to the conception and referendum campaign for the canal expansion, events before Quijano’s shift as administrator. The expansion was predicated on a ludicrous on its face projection in canal usage — the ACP was essentially telling Panamanians that the United States would export all of its industrial production to China and still be a vibrant consumer society that would import a steadily increasing volume of Chinese goods. Any journalist who questioned that was blacklisted by the ACP, but it never got to that point with most of the corporate mainstream news organizations, whose managements were bribed into credulity by huge advertising purchases at public expense by the “yes” campaign. In any case the usage projections, and the associated revenue plan for the canal expansion, were quickly proven wrong. The income shortfall was met by raising canal tolls. However, the higher tolls drove many shippers to other routes, particularly those between East Asia and Atlantic ports opting for the Suez Canal instead of Panama.

The Panama Canal is in financial pain and this problem is not just short-term. To address it the ACP is looking at non-canal businesses such as a new port in the Corozal and Diablo area, a fossil fuel power plant and an oil and gas pipeline. At the same time, ACP revenues are being looked at to address other national problems such as an anticipated shortage in the Seguro Social retirement fund. It becomes a set of political problems due to public institutions upon whose turfs the ACP would tread, private businesses that don’t want new competition and politicians who would rather not see government revenues flow away from their easy reach into an expanded Panama Canal Authority. When the Varela administration submitted the ACP’s proposal for the Corozal-Diablo port to the legislature earlier this year, it only got one supporting vote in the National Assembly’s Public Infrastructure and Canal Affairs Committee.

As has so often been the case, supporting the Panama Canal administration’s request has been promoted as something akin to a matter of patriotism. Why part of the nation’s ports regulation and management scheme should pass from the Panama Maritime Authority to the ACP, and why canal pilots’ warnings that a port in the proposed place would be a navigation hazard are invalid, might be questions treated as beside the point were it, say, 2006. But nearly a decade later the claims of ACP management genius have worn thin and scandals are eating away at the authority’s reputation. The presence on the ACP board of one Nicolás Corione Pérez Balladares, a construction executive and alleged fixer in a huge bribery and kickback scheme for the construction and renovation of Panama’s courthouses, does not help. Nor do the lowball bid and inherent familial conflict of interest — the winning bidder included a company owned by the family of the canal administrator at the time — that have Panama dealing with the GUPC consortium in the first place. Panamanians may not get an accounting from ACP management, but also may be less willing to hand out blank checks.

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Is the law closing in on the Martinellis, or are they long gone?

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Ricky taunts
A taunting Twitter tweet from one of Martinelli’s newspapers, retweeted by Martinelli.

Most of the Martinelli family has fled while criminal cases against them advance

by Eric Jackson

Are we dealing with confidence, or desperation? One of the usual indicators of likely political fortunes is that those who practice violence but don’t own up to it sometimes get away with it, those who practice violence and vehemently defend it often have better luck, but those who talk about violence that they don’t and can’t put into practice are pathetic losers. When Ricardo Martinelli retweeted a sycophant’s Twitter message about how any violence that befalls Panama will be Juan Carlos Varela’s fault, he may have escaped the latter fate. It was quickly taken down. Plus most of the mainstream media, grown tired of bombastic declarations like October’s pronouncement that being prosecuted for illegal electronic spying is like being raped, just ignored it rather than expressing their outrage. And that might forbode the very worst political fate for Martinelli: irrelevance.

The Supreme Court has decided to accept a half dozen criminal cases against the former president and there are as many more out there still to be accepted or rejected. But all of them are at different initial stages and moving slowly. The most advanced of these cases, about illegal electronic eavesdropping, is at the procedural point of giving formal notice of a possible criminal charge. Martinelli, who is living in apartment 1901 of the Atlantis Building at 2025 Brickell Avenue in Miami, is playing this “You can’t serve me!” game. It appears that notice will be filed through Panamanian diplomats in the United States with US authorities and the high court here will consider him served. He knows, everybody knows he knows, and we can rest assured that his lawyers will argue that he doesn’t know. Notwithstanding that, Panamanian justice should soon be at the point of asking INTERPOL for a “red alert” request for Martinelli’s arrest and extradition. The ball would then be in the Obama administration’s court, unless Martinelli flees the United States for some other country that will have him.

The former president left his wife Marta Linares de Martinelli with a power of attorney to manage his affairs when he fled Panama last January. His eldest son Ricardo Alberto Martinelli Linares also left Panama last January and in October his younger son Luis Enrique Martinelli Linares headed off in daddy’s jet to the Dominican Republic when prosecutors and the press started to ask about his roles in the Financial Pacific scandal and hydroelectric dam projects in which the Martinelli family held secret stakes. Marta left earlier this month, vowing to return on November 16, but in the meantime prosecutors have asked the Electoral Tribunal to strip her and her son Ricardo’s immunity from criminal investigation and prosecution as candidates for Cambio Democratico party offices. For mother it’s about overpriced government purchases of holiday food bags — about $46 each for things that should have cost $30 to $35 — with suspected kickbacks. For son it’s about a hidden Martinelli interest in a National Lottery game.

Is President Varela especially eager to get the Martinellis back here and before the bar of Panamanian justice? Is the United States disposed to send the former president back here? The answers to these questions are not readily apparent.

At this point only one member of Martinelli’s inner circle, former Supreme Court president Alejandro Moncada Luna, is serving a prison sentence. Five former ministers are behind bars in pretrial preventive detention, as are two former national security directors. A number of other top Martinelli administration officials are under house arrest or subject to travel restrictions. Inner circle member and formally the publisher of Martinelli’s El Panama America newspaper, Gabriel Btesh, is a fugitive. So is the ex-president’s personal secretary Chichi De Obarrio and another businessman and close confidante of Martinelli’s, Ricky Calvo. Others, like former tourism minister Salomón Shamah, have dropped out of public view.

On paper Ricardo Martinelli’s Cambio Democratico party is still the nation’s second-largest political formation, but most of the public officials elected on that ticket openly defy the ex-president’s orders. Internal party elections have been put off in the face of the likely prospect that the group will be taken away from its founder and the only boss it has ever known. But it might better serve the current president’s interests to have a Cambio Democratico with a disreputable leader sending out Twitter messages from Miami than a post-Martinelli CD functioning as a more unified opposition party.

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Harrington, Tercera Guerra Mundial –por etapas

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WWITercera Guerra Mundial –por etapas

por Kevin Harrington-Shelton
If ye break faith with us who die
We shall not sleep
Though poppies grow
In Flanders fields.
Lt. Col. John McCrae (1872-1918)

 

Cada año, a las 11 de la mañana del día once del onceavo mes, el mundo anglosajón conmemora el Armisticio que puso fin a la Primera Guerra Mundial que —pese a esfuerzos del papa Benedicto XV— acabó causando la muerte a más de 16 millones de seres humanos. Precisamente a dicha hora todos los combatientes cesaron hostilidades. Se observa de diversas maneras. Desde 1919 en el Reino Unido en “El Día de la Amapola” los medios muestran al monarca colocando una ofrenda floral en mero centro gubernamental de Londres, sobre una tumba-vacía, en recuerdo de caídos colocados en fosas comunes en toda la campiña europea. Similar agradecimiento a una juventud ofrendada a la Patria se conmemora en el resto de la Mancomunidad Británica. Y también en los Estados Unidos por diversas organizaciones de veteranos, pero quizás el más singular –y menos conocido– tiene lugar en Phoenix, donde los rayos de sol pasan por orificios en 5 pilares en representación de sus cuerpos de armas, para iluminar precisamente en dicho momento el escudo nacional.

La conmemoración es sinónimo de patriotismo entre pueblos flemáticos en mayor o menor grado (salvo sus hooligans). Varias semanas antes de la fecha florecen casi universalmente en sus solapas amapolas-rojas, emblemáticos del poema sobre lo que el médico-militar canadiense McCrae observó: que re-aparecían abonados por sepulturas en praderas de Flandes (Bélgica). Fenómeno que primero se notó tras las campañas napoleónicas del siglo anterior.

Por su ubicación geográfica, Bélgica ha sufrido el tránsito de diversas guerras europeas. Simbólicamente, Bélgica alberga hoy la sede de la Unión Europea. No fue excepción esta Gran Guerra (“La guerra para acabar con las guerras” –H.G. Wells), que en perspectiva el marco para la descomposición europea que hasta devenir en nuestros días en lo que el Papa Francisco describió en La Habana (2015), como “la tercera guerra mundial por etapas“. La actual situación europea impacta el progresivo desmoronamiento del Sacro Imperio Romano, bajo el que el continente compartía una concepción similar sobre cultura, religión y gobierno. Complicado por un materialismo acelerado por una revolución industrial, de tan corta data, que no se ha acabado de absorber con madurez. Y con medios co-optados por políticos y comerciantes, demasiado alejados del bien-común que requiere de una ciudadanía los suficientemente informada para poder razonar sobre sus problemas cuerdamente. La propaganda tuvo un papel preponderante en esa carnicería.

Esa fue una de las lecciones de la Primera Guerra Mundial. En su trascendental obra “Los cañones de agosto”, la historiadora Barbara Tuchman mencionó la mendacidad de estadistas y diplomáticos como otra causa (esto cuando Viet Nam, cuando esa enfermedad era epidémica). El magnicidio en Sarajevo y la invasión alemana de Bélgica sin duda engatillaron la Gran Guerra —pero el conflicto tuvo además otros antecedentes que los pone todos en perspectiva.

La neutralidad de Bélgica había sido garantizada por el imperio inglés. Desde la Guerra de los 100 Años (1453) Inglaterra se convenció del balance de poderes en el Continente como la clave para su propia seguridad insular. Para 1871, el exitoso sitio por hambre a París había convencido al Reino Unido que el agresivo Kaiserreich alemán tenía una fuerte probabilidad de dominar Europa. Estableció alianza con su tradicional contrincante, tocándole a Francia concentrar su flota en el Mediterráneo, a cambio que Londres protegiera su flanco nor-occidental en el Mar del Norte. En esta estrategia Inglaterra también garantizaría la neutralidad de Bélgica. En 1914, buscando una guerra-relámpago contra Francia, el alto-comando alemán se corrió el albur que el Reino Unido no cumpliría su palabra. Los británicos razonaron –correctamente– que la confiabilidad de sus convenios constituía la piedra angular de cualquier orden futuro, y contra-atacaron.

El Reino Unido tenía además otras consideraciones. Su próspero imperio –el más rico de entonces– ya mostraba señales de resquebrajamiento interno. En casa, la crisis y tentativa de diluir la Cámara de los Lóres mediante la creación de nuevos pares (1909), reformas sociales radicales para su época (1909) y particularmente el sangriento sofocamiento en Tonypandy (Gales) por el propio ejército inglés (1910) refleja una enorme disparidad en la distribución de las riquezas e indician serios problemas de raíz que fueron simplemente pospuestos por la distracción de la Gran Guerra. Además tenía talones de Aquiles en la India e Irlanda. Para su guerra contra el reino Zulu en Natal (1906) ya Gandhi había comenzado a dar muestras de su liderazgo del nacionalismo indio expresado en resistencia pacífica resultaróa triunfante (1947). En Irlanda progresivas concesiones en derechos de conciencia (desde 1823) y de autonomía política aprobada en 1893 por la Cámara de los Comunes (pero vetadas por la Cámara de los Lóres), culminando en aproximaciones a los alemanes por sir Roger Casement (“El sueño del celta“) en 1912.

Casement resucitó en los militares británicos el fantasma de un ataque alemán por la retaguardia. Sus planes defensivos suponían siempre que su dominio del mar prevendrían cualquier peligro desde el oeste, y se porfiaban del “Plan von Shlieffenstein” que proyectaba una futura guerra en dos frentes –Francia y Rusia– diseñado de antemano (1905) para materializar la pronosticado por el conde von Moltke “El Joven” (Febrero 1913), de que el futuro de Austria se decidiría en riberas del Sena, y no del río Bug (entre Polonia y Rusia). Estos señores de la guerra percibían por demás que se les cerraba rápidamente la ventana de oportunidad abierta por la pérdida de Rusia en su guerra con el Japón (1905) –por los adelantos tecnológicos logrados por el ejercito tsarista. Cultivaron al imperio turco-otomano (“El hombre enfermo de Europa”) por enamorar al mundo musulmán, por su entorno en el Mediterráneo. Tal actitud hegemónica tras el círculo de fierro que rodeaba al Kaiser era literalmente fascista (sin alusión alguna al Nazismo posterior), fusilando a 6 mil civiles durante su ocupación de Bélgica. Pero pese a todo esto, Alemania de entonces (también) era un país pujante, con prósperas clases medias y profesionales y el movimiento socialista más arraigado del mundo. Pero su mecanismo de decisión militar operaba bajo un control constitucional disfuncional. Y en garras de un complejo militar-industrial al servicio de un monarca ligeramente inestable: al kaiser Wilhelm II le irritaba que sus primos el rey Jorge V y el tsar Nicolás le adversaran –aún después que él les hubiera declarado la guerra a ellos.

Al aprovechar las candilejas de los medios internacionales en su arribo a La Habana, el Papa Francisco sin duda nota algunas de similares tendencias en tantas manifestaciones de violencia injustificada alrededor del mundo en el día de hoy. Su Santidad sin duda seguirá la tónica de Benedicto XV, a quien la derrotada Turquía erigió una estatua (poco usual, en un país musulmán), con una placa al pie que le alababa “como un benefactor de toda la gente, sin importar su nación o credo“.

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Bill Clinton coming to cut a ribbon on a windmill park

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wind
From a distance in the next district over, the windmill farm outside Penonome. Photo by Eric Jackson.

Bill Clinton’s coming to inaugurate a windmill park — but with whom and what do we deal?

by Eric Jackson

Former US President Bill Clinton will be in Panama on November 10 to dedicate the next phase of a windmill park in Penonome district, east of the town of Penonome. The company involved is Union Eolica Panameña SA (UEP), which was widely reported to be a subsidiary of Spain’s Union Eolica Española back when it began to get energy generation concessions from Panama during the Martinelli administration, and is still described as such in recent reports. The several-phase windmill farm project contemplates an eventual 113 windmills that will generate about 10 percent of Panama’s electricity, depending on the season, with a greater share during dry months when the nation’s hydroelectric dams are less productive.

So, who is the parent company in Spain? Actually, Union Eolica Española was dissolved in 2012. Look a bit deeper and you find it reported that a majority share — with hard to identify minority stakeholders, is now owned by InterEnergy Holdings LP, a private equity fund based in the corporate secrecy shrouds of the Cayman Islands. But we do more or less know who InterEnergy Holdings is: Rolando González Bunster, the former VP in charge of international operations for Gulf & Western Industries. The Argentine-born businessman splits his time between homes in Greenwich, Connecticut and the Dominican Republic and controls vast assets in the DR, Jamaica, the Bahamas, Argentina and Panama. He is a member of the board of directors of the Clinton Foundation.

In the 1980s González Bunster was a central player in the privatization of the Dominican energy sector, and earlier this year was accused by the Dominican Alliance Against Corruption (ADOCCO) of defrauding the government of taxes and fees to the tune of some $90 million by grossly inflating management costs — and thus understating profits — of the EGE HAINA and EGE ITABO companies that were spun off of the old public electric company. The allegation had been made in public for at least two years before that. The two private entities would according to the privatization deal owe the government’s Heritage Fund for Reformed Enterprises (FONPER) a share of profits and in any case be liable to the state treasury for income taxes on profits. Prosecutors have not seen fit to file any charges and InterEnergy dismissed the allegations against its CEO and several directors of its Dominican subsidiaries as “baseless.”

The business exec’s daughter Carolina González Bunster, who graduated from Georgetown in 2008, then went to work for Goldman Sachs in Dubai before returning to the United States to take a job with the Clinton Foundation, calls Bill Clinton a mentor. The former president attended her 2014 wedding to equity fund manager Stefano Bonfiglio at the González Bunster home in the Dominican Republic.

By various accounts the Chinese company that made the windmills that are installed in Penonome, Goldwind International Holdings (HK) Limited, holds a minority stake in the project. Of the reported $564 million that has been or will be invested in the Penonome windmill park, at least $300 million comes from the International Finance Corporation (IFC), a division of the World Bank. The Inter-American Development Bank, Panama’s state-owned Caja de Ahorros and Banco Nacional de Panama and several private lenders are also involved in the financing, in a deal brokered among Bill Clinton, Rolando González Bunster and Ricardo Martinelli in 2013 under the auspices of the Energy Committee of the Clinton Global Initiative.

Which of the lenders is supposed to manage the disbursement of investment funds? The institution that was designated to perform that role in 2013, the New York branch of Portugal’s Banco Espirito Santo de Investimento SA, is no more. Banco Espirito Santo fell in a spectacular collapse that involved a European Union and Portuguese government bailout and sale to a new entity, and which has the bank’s former CEO Ricardo Espírito Santo Silva Salgado under house arrest awaiting trial on charges of keeping false business records, forgery of documents, breach of fiduciary duty, tax fraud, corruption of public officials and money laundering. The New York investment banking part of the business was sold off to a Chinese company, Haitong Securities. The Chinese brokerage is moving into the banking business and has a securities market presence in Panama, but it appears that its role in the Penonome windmill farm is as an arranger and bookrunner rather than a manager and that it is performing these tasks via its Brazilian subsidiary.

Is there carbon credit income involved in the project? It would be surprising if there were not, but none of the parties are mentioning this in their online statements.

Is this the progressive and green face of globalized capitalism, in keeping with the environmental assurances given by Washington at the time that the US Congress was persuaded by then Secretary of State Hillary Clinton and others to ratify the US-Panama Trade Promotion Agreement? Perhaps, but maybe not. This past May UEP went to Panama’s Supreme Court of Justice seeking exemption from the jurisdiction of the Ministry of the Environment. Those were the terms of its deal with the Martinelli administration, the company asserted. A decision on that claim has yet to be announced.

Martinelli won’t be in Penonome for the ribbon cutting. By most accounts other than his own, he ran a grossly corrupt government between 2009 and 2014 and is facing multiple criminal charges before Panama’s Supreme Court, including for theft on a grand scale, illegal wiretapping, international insider stock trading, money laundering and other offenses. He lives in self-imposed exile in Miami.

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¿Wappin? A Saturday night between holidays

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Joe
Black Joe Lewis and the Honeybears. Photo by Jackman Chiu.

¿Wappin? A Saturday night between holidays

Marvelettes – Dont Mess With Bill
https://youtu.be/OVsW_6AomOQ

Maná – Ironía
https://youtu.be/AYNdyHkycsY

Black Joe Lewis & The Honeybears – Livin’ In The Jungle
https://youtu.be/xD8tu77WxXA

The Lowrider Band – The World Is A Ghetto
https://youtu.be/rsxFvlbu5Xg

Motherland – Natalie Merchant
https://youtu.be/A2JbLUVt0Z0

Santana – Samba Pa Ti
https://youtu.be/ACdwCIld3kE

Café Tacvba – Esta Vez
https://youtu.be/3a8q_SL9RRE

Lenny Kravitz – The Chamber
https://youtu.be/jAHlQ77lm10

Sia – Alive
https://youtu.be/t2NgsJrrAyM

Adele – Hello
https://youtu.be/YQHsXMglC9A

Patti Smith – People Have The Power
https://youtu.be/pPR-HyGj2d0

Zoé – Últimos Días
https://youtu.be/AJkJ6jBStuU

Zahara – Country Girl
https://youtu.be/YUTi1NTTcSE

Neil Young – Harvest Moon
https://youtu.be/n2MtEsrcTTs

Gondwana – Festival de Viña 2001
https://youtu.be/gA5-q6m2MXg

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Scenes from the Democratic Candidates’ Forum in South Carolina

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Dems
Hillary Clinton, Martin O’Malley and Bernie Sanders in South Carolina.

The Democrats in South Carolina

There are three candidates left in the race and we can get into arguments aboout whether “really” there are only two or there is only one, but the first votes won’t be cast for months and then other dynamics will set in. In South Carolina a little more than half of the Democrats are African-American and one poll taken a week before the forum showed Hillary Clinton with about a four to one advantage over Bernie Sanders in that sector. If Sanders can break off at least a quarter of Clinton’s black support and have those voters cross over to him, or if he can be the beneficiary of an extraordinary turnout by younger black voters, he will have a chance to win the South Carolina primary. If Clinton can maintain her lead, she will be hard to beat.

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The Panama News blog links, November 6, 2015

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The Panama News blog links, November 6, 2015

Splash 24/7, Delays of up to 10 days at the Panama Canal

Fortune, The new Panama Canal is leaking water — and money

El Espectador, Ampliación del Canal de Panamá podría retrasarse aún más

SeaTrade Maritime News, First LNG-powered vessel transits the Panama Canal

Al Jazeera, Nicaragua commission gives go-ahead for canal project

IPS, Nicaragua’s canal a nightmare for environmentalists

Nunatsiaq News, Finnish icebreakers arrive after late-season NW Passage transit

CBC, Chinese company plans Arctic shipping route through Russia

Mi Diario, Oro para Panamá en Juegos Mundiales Indígenas

CubaDebate, Urquiola dirigirá equipo de béisbol de Chiriquí

AP: Fired by Panama condo owners, Trump demands $75 million

ANP, Plantean cable de luz submarino entre Panamá y Colombia

Des Moines Register, Iowa coffee shop has a farm in Panama

Video, Empresas interesadas en la exploración de petróleo en el caribe panameño

Jamaica Gleaner, Investors win billion-dollar judgment against Panamanian company

OK Diario, Los Pujol escondían en Panamá más de €2.400 millones

LaInformacion, Pujol Jr. cerró su sociedad después de la confesión de su padre

Finanzas, El clan Pujol ha dispersado en 10 paraísos fiscales su fortuna

EFE, Panamá extradita a España a rusos acusados de lavando dinero para Obiang

El País, The long hunt for the Kokorevs

EFE: Blanqueo de capitales por redes sociales, nueva alerta para el Istmo

KTVA, Alaska surgeon who hid money here convicted of tax evasion and fraud

AFP, Panamá condiciona intercambio de información fiscal con OCDE

EFE, Panama money launderers said to link Chapo and FARC busted

Gambling Insider, US racketeering conviction for gambling via Panama

Senator Bernie Sanders, The complete text of the proposed TPP agreement

AFP/CNN, Martinelli compara a Varela con Maduro y dice que volverá a Panamá

Greenwald: Pro-Clinton group censored on Israel, into warped militarism

Nation of Change, Koch brothers’ foundation network explained

The Guardian, College apologizes to leftist professor fired in 1962

STRI, Bat man IDs bats by smell alone

Video, Howler monkeys chase off a lone male visitor

Mongabay, Galapagos “gold rush” for shark fins and sea cucumbers

Jones, Chile’s new marine reserve

Caribbean News Now!, Caribbean called on to adopt climate resilient food systems

Gandásegui, Protesta social o terrorismo

Beluche, ¿Presos políticos en Panamá?

Casullo, Argentina’s Cambiemos

Wallerstein, The important Canadian elections

Karszenbaum, Bibi y la nueva historia de la Shoá

Weisman, Rethinking the neo-con threat

Vatican Radio, Pope: Church is called to serve, not to be served

Boff, La religión puede hacer el bien mejor y también el mal peor

Huffington Post, Court ruling could pave way for marijuana legalization in Mexico

WOLA, Increased incarceration for drug offenses in the Americas

Video, Colombian court approves gay and lesbian adoptions

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Flag Day in Panama, 2015

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San Carlos. Photo © Michael Nixon.

Flag Day in Panama

BA PC
Balboa Academy marching in Panama City. Photo by Billy Foster.

 

The principal. Photo by Billy Foster.
The principal. Photo by Billy Foster.

 

Boquete. Photo by the Alcaldia.
Boquete. Photo by the Alcaldia.

 

Boquete. Photo by the Junta Comunal of Alto Boquete.
Boquete. Photo by the Junta Comunal of Alto Boquete.

 

Panama City. Photo by Allan Hawkins V.
Panama City. Photo by Allan Hawkins V.

 

PC AH1
Panama City. Photo by Allan HAwkins V.

 

PC AH 3
Panama City. Photo by Allan Hawknis V.

 

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Panama City. Photo by Allan Hawkins V.

 

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San Carlos. Photo © by Michael Nixon.

 

At the Presidencia.

 

In La Cabima.

 

In San Miguelito.

 

In Condado del Rey.

 

The Bomberos in Panama City.
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