Wednesday, April 10, 2013
Margaret Thatcher, the "Iron Lady” died on Monday, aged
87, after suffering a stroke.
"The problem with socialism is that eventually you run
out of other people's money," she once said.
Her personal credo, founded on competition, private
enterprise, thrift and self-reliance, gave birth to a political philosophy
known as "Thatcherism". We
certainly could use some of her philosophy at home nowadays. I was a huge
admirer of hers.
Tuesday, March 19, 2013
Gorgeous Yoo and Arts Towers in Panama City finally nearly finished.
Gorgeous Yoo and Arts Towers in Panama City finally nearly finished.
Tuesday, January 29, 2013
Panama Canal reaches major milestone
The Panama Canal Authority has announced that it has reached a major milestone in the expansion of the facility having carried out over half of the envisaged improvements.
Once completed, the Panama Canal expansion, which is the largest project in its history, will double the waterway's capacity and allow for the passage of longer, wider vessels.
Meanwhile, the excavation of the Pacific lock access channel, involving the removal of more than 50 million cubic meters of materials along a 6.1km span, is 70% complete.
Photo by Juliette Passer
"The program continues to progress and reach milestones while we focus the next phases on building the locks," said Panama Canal Administrator Jorge L. Quijano. "We estimate based on the progress that we can begin commercial transits mid-2015," he said.
Once completed, the Panama Canal expansion, which is the largest project in its history, will double the waterway's capacity and allow for the passage of longer, wider vessels.
Meanwhile, the excavation of the Pacific lock access channel, involving the removal of more than 50 million cubic meters of materials along a 6.1km span, is 70% complete.
Tuesday, January 1, 2013
Monday, December 17, 2012
Panama City, Panama 2012
Panama is becoming one gorgeous city – a view last week from my friend’s balcony– enjoy and visit with us soon!
And a detail of my favorite new building – The Yacht Club –although I have not been inside - it displays very elegant architecture from the street.
Thursday, November 29, 2012
Despite slower economic growth in September 2012 reported by the Government of Panama, the country is still poised for double digit growth in 2012 overall.
Panama's economic growth slowed to 7.8 percent in September compared with the same month last year, the government's statistics office said on Wednesday. Economic growth in September 2011 was 8.3 percent. The indicator measures the overall activity of Panama's economy in such sectors as services, manufacturing and utilities and is a rough proxy for quarterly gross domestic product data.
Growth in September continued to be led by gains in the construction and mining sectors, the result of significant government infrastructure projects. Panama has seen double-digit economic growth over the past few years, expanding 10.5 percent in 2011 with similar expectations for 2012.
Much of the growth is due to heavy spending on public works, including the $5.25 billion expansion of the Panama Canal and the construction of a $1.25 billion metro system.
In September, the hotel, restaurant and slot machine industries also performed well due to a rise in tourism, as did the transportation sector, mainly because of the movement of containers through ports.
The agricultural sector showed some gains in cattle and poultry farming, as well as watermelon and pineapple exports. However, Panama's manufacturing sector - including metals, plastics and textiles - showed declines, as did the fishing industry. Between January and September, the economy grew 9.5 percent compared with the same period in 2011.
Monday, November 19, 2012
Freedom Fuel Foundation
I attended recently a most interesting fundraiser in San Diego for Freedom Fuel Foundation – for more information, please visit: www.fuelfreedom.org It contains plenty of information.
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