Site Meter
Send Us An Email
Panama Guide

Welcome to Panama Guide
Thursday, April 17 2014 @ 08:38 PM EDT

View Printable Version

FIBA: PAN - Search for new coach underway in Panama

Sports Section PANAMA CITY (FIBA World Championship) - Nolan Richardson led Panama to a surprise qualification for the FIBA World Championship but a new coach will be in charge when the tournament gets underway in August. Richardson, a former NCAA-title winning coach with the Arkansas Razorbacks, has not re-applied for the job after being given a short-term deal last year and is not expected to. He oversaw the team through the 2005 FIBA America Championship and they finished fifth. Since the end of the tournament, the position has been vacant. Six coaches have applied to coach the team at the FIBA World Championship in Japan, none who hail from Panama. They are Americans Laurin Watkins and Terry Layton, Puerto Ricans David Rosario and Carlos Morales, Argentinian Guillermo Vecchio and Uruguayan Cesar Somma. Panamanian Basketball Federation president Miguel Sanchiz told PA Sport: "Panama does not have national coaches. The few coaches the country has are not experts, without the necessary aptitude." One consideration will be the coach's salary demands. Panama will take part in the Centrobasket 2006, the 20th Centro-American and Caribbean Games in Cartagena de Indias, Colombia, and the FIBA World Championship between August 19 and September 3 in Japan. Panama are in Group B with Angola, Germany, hosts Japan, Spain and New Zealand. http://www.noticias.info/asp/aspComunicados.asp?nid=156447&src=0


Share
  • Facebook
  • Google Bookmarks
View Printable Version

Panama Prepares to Host Operation Miracle

Healthcare Havana, Mar 18 (Prensa Latina) Panamanian Health Minister Camilo Alleyne asserted his government is preparing to honourably host the Operation Miracle, a Cuba-Venezuela spearheaded project of free ophthalmology attention to Latin American poor communities. "Within one month and a half or two months we will open the venue of the Operation Miracle to contribute to the social integration of Latin America," stated Alleyne, who gave thanks for Cuba´s healing of 917 Panamanian with eye afflictions since November 2005. He said health in Panama has reached every corner of the nation during the government of Martin Torrijos, as health services have been developed to benefit all the population, irrespective of the social strata. Alleyne assured free health assistance was given to pregnant women, under five children, the elderly and people with disabilities, and the government was committed to create a primary attention program for the entire population.
Share
  • Facebook
  • Google Bookmarks
View Printable Version

Panama Ponders Noriega's Future

Crime & Punishment Political leaders of the Panamanian opposition (non-PRD) demanded the national Government to proceed with the extradition of ex-dictator Manuel Antonio Noriega. The president of the National Liberal Party, Aníbal Galindo, said that "Noriega has pending accounts with Panamanian justice", and said that "the Government has the responsibility to take actions in order to ensure that he (Noriega) gets whats coming to him on the isthmus". Galindo said "the Noriega case must be treated without exceptions, because the people have been demanding justice for a long time." Congressman (Panameñista) Jose I. Blandón commented that it would be unfortunate for the country if "in this government, where there are so many people who owe favors to Noriega, tries to help him by stopping the extradition and his facing the Panamanian society".
Share
  • Facebook
  • Google Bookmarks
View Printable Version

Police Officers Suspended in Abuse Case

Crime & Punishment Three persons who were under arrest for theft accused several members of the national police of abuse. They filed an official complaint, saying police officers struck them with golf clubs and other instruments. Auxiliary public prosecutor Luis Martinez investigated 11 officers in relation to this complaint, and ordered the arrest of seven of those involced, among them a second lieutenant. The Institute of Legal Medicine verified that one of the prisoners received multiple injuries caused by repeated blows with a blunt insturment to his face, shoulders and legs. There are also photographs in the file that show the injuries. According to the prosecutor Martinez, the police officers were in violation of Article 29 of the Law No.18 of 3 of June of 1997 that prohibits the use of the police baton, except in the cases of evident danger for the police officers or others. (more)
Share
  • Facebook
  • Google Bookmarks
View Printable Version

Man Shot and Killed on Via España

Crime & Punishment Two gang bangers shot Johnny Posso in the head in broad daylight and in front of dozens of witnesses yesterday on Vía España. The murder occurred at 5:30 p.m. in the parking lot of the Mini Max restaurant. Rolando Mirones, director of the National Police, said that according to preliminary investigations, the killing was apparently a dispute between rival gangs. Three people were arrested, among them a 15 year old minor and another 18-year old. Posso was assassinated with several shots to the head while sitting in his White Lexus SUV, plate no. 302896. The killers were members of the "pentagon" gang. (Editor's comment; this kind of drug-related violence is relatively common, but it's almost always between bad guys, fighting over money, accounts, deals gone bad, or whatever. A leader of the "pentagon" gang turned up dead two days ago.)
Share
  • Facebook
  • Google Bookmarks
View Printable Version

Banana Workers On Strike, Close Border with Costa Rica

Protests & Demonstrations More than 1,000 Panamanian banana workers remained on strike for the second consecutive day today (Friday, 17 Mar 2006), closing of the border with Costa Rica. They want the goverment to change the contract they have with Chiquita Brands. The union leaders are demanding a change to the contract for the purchase and sale of the fruit between their cooperative and transnational Chiquita Brands. Also the workers are worried because they union, the Cooperative of Multiple Services of Armuelles Port, does not have enough money to pay the wages for the 2,800 banana workers due to the lack of an agreement with the fruit company. (Editor's Comment: Chiquita pulled out of Panama, and sold their holdings to a cooperative of former employees a few years ago, and now buys bananas from Panamanian producers on contract. Basically, the banana workers don't like the deal they agreed to.)
Share
  • Facebook
  • Google Bookmarks
View Printable Version

An Information Center for Expatriates in Panama City

Groups & OrganizationsWe're announcing a "soft launch" of a new information center for English speaking expatriates in Panama City. So far, we've rented the space, started to fix it up, and are planning the first seminar. Next Tuesday, on 21 March 2006 at 7:00 PM, Canadian tax expert Jim Sellars will present a seminar for Canadians retiring in Panama that will address specific issues and questions concerning tax obligations and the Canadian health system. The "Expat Center" is located near the Veneto Hotel and Casino, down the street where Manolo's restaurant is on the corner. See this article for directions: http://www.panamaexpatcenter.com/article.php?story=20060311202844958. Come on out and check out the new digs. I finally have a home for the book swap, so if you have a few paperbacks bring them with you, have a cup of coffee, and check it out. The expat center is fully funded by donations and sponsors, and will be a magnet and meeting place for English speaking expats in Panama City.
Share
  • Facebook
  • Google Bookmarks
View Printable Version

Infosys inks $20m Banco Continental de Panama contract

Money Matters Banco Continental de Panama (BCP) has signed a two year deal, worth $20 million, with India's Infosys Technologies for the supply and implementation of the vendor's Finacle core banking technology. Infosys says Finacle will replace BCP's legacy core banking systems in Panama and other Central American countries and enable the bank to consolidate its technology and operations platforms across the region. The bank will also deploy Finacle CRM - which will be used by relationship managers and call centre agents to streamline service requests and cross-sell products and services to its customers - as well the vendor's Internet banking technology and alert software. Merwin Fernandes, VP and business head, Finacle, Infosys Technologies, says the BCP win "is a significant breakthrough into the Spanish and Latin American markets". "Latin America is a key focus region for Finacle and we have made continuous investments in aligning the solution to the needs of the market," says Fernandes.
http://www.finextra.com/fullstory.asp?id=15060
Share
  • Facebook
  • Google Bookmarks
View Printable Version

Panama: banana exports decrease 2,7%

Money Matters Tholen - The Panamanian banana exports reached a total of $ 15,9 mln. during the first two months of the year, which represents a decrease of 2,7% in comparison to the same period in 2005. This decrease surprised growers, who were expecting that the new European import regime of € 176 per MT would have a far stronger increasing effect on prices. Because of the exclusive contract Panama has with multinationals, it is not in a position to profit of the disappearing import licences like Ecuador can. The banana growers receive a fixed price from Chiquita of $ 5,5 per box during the first semester of each year. Although this price has caused much unrest in Panama, the prices in Ecuadorian El Oro have been around the same level for the last three weeks and one expects a further decrease, which means that Panamanian growers could start receiving more per box than their Ecuadorian colleagues. Author: André van der Wiel http://www.freshplaza.com/2006/16mrt/1_pa_bananaexports.htm

Share
  • Facebook
  • Google Bookmarks
View Printable Version

Tobagonians in 'Panama' quarters

Sports Section TOBAGONIANS Yolande Leacock and Yohansey Williams scored impressive victories in Panama on Wednesday night to advance to the quarterfinals. Olivia Bennett failed in her quest to reach the final eight of the International Tennis Federation (ITF) Panama Bowl. After beating American Stephanie Kent 7-6 (7/4), 6-2 on Tuesday to reach the "round of 16", third-seeded Bennett was upset 6-3, 6-4 by Ekaterina Mezhiritskaya. The 15-year-old Trinidadian had comfortably defeated the Russian (6-2, 6-2) at this very stage last week in Costa Rica before going under in the second leg of the three-stage junior circuit. Leacock, who turned in a horrendous performance in Costa Rica by winning one game in her first match as No. 2 seed, cruised into the quarters with a 6-0, 6-3 victory over Jacklyn Lambert of Bermuda.
Share
  • Facebook
  • Google Bookmarks
View Printable Version

David Smith on the business of currencies trading

Money Matters This is the tale of how an enterprising young man turned the financial sector on its head and will force the regulatory body to be clearer in its definition of what constitutes securities and investment advice. Earlier this month David Smith, a reputable trader concentrating solely on the international FX market had both his home and business premises raided by the Financial Investigations Division (FID) for supposed breaches of the Securities Act. FID agents seized documents records and essential computer equipment. In response, Olint Corp Limited with David Smith as lead principal has sued the Financial Services Commission for J$300-million claiming wrongful intrusion. While Smith has not been arrested or charged he is under investigation to determine whether he breached section 7(1) (a) and 8 (1) (a) of the Securities Act.
Share
  • Facebook
  • Google Bookmarks
View Printable Version

Traveling to Panama

Groups & Organizations It was an all-Immanuel Lutheran effort for the past several weeks as church members, school students, families and friends worked together to prepare nine local people to travel to Panama on a mission trip. “Everyone contributed,” said Deacon Tom Brown of Valparaiso’s Immanuel Lutheran Church as final preparations were made for the group’s departure Saturday (March 18) for a one-week trip to build friendships and a church fellowship/residence hall for Kuna Indian villagers in Loma Cova, Panama. Bearing suitcases filled with school supplies, toiletries and handmade cross necklaces for Loma Cova residents and led by the Rev. Stephen Bongard, senior pastor, and Tom Brown, deacon, the Immanuel contingents will be among 7 U.S. church groups who will contribute a week of work this year toward construction of a two-story, concrete building to house Sunday school classrooms and a pastor’s apartment.
Share
  • Facebook
  • Google Bookmarks
View Printable Version

Panama VP Visits Cuba

Politics Panama, Mar 17 (Prensa Latina) Panamanian Vice President Samuel Lewis Navarro is visiting Cuba Friday to discuss cooperation, a proposed Latin American Summit in Panama and that of the Non-Aligned Movement (NAM) in Havana next September. Lewis, who is also Panama´s Foreign Minister, told Prensa Latina that relations with Cuba are growing in importance and with his two-day visit he wants to take them to a higher level. Bilateral relations have recovered, the high ranking official said, after they fell to a critical point with the prior Panamanian administration. Relations fell to their lowest level after former president Mireya Moscoso let four Cuban-born terrorists, among them criminal Luis Posada Carriles, free when they were serving a four year sentence for attempting to kill President Fidel Castro in November 2000. The countries have retaken the path of friendly ties, friendship and mutual collaboration, Vice President Lewis stressed. He highlighted agreements signed in the fields of science, education, sports, cultural and trade. Panamanians are also interested in learning about the energy revolution in Cuba and expect to increase trade. The vice president said Cuba will be one of the guest nations at the Presidential Summit of the Americans, slated for late June in Panama City. Lewis conveyed his country´s willingness to support and attend the NAM Summit to be held in September in Havana.
Share
  • Facebook
  • Google Bookmarks
View Printable Version

Panama Bowl 2006 - International Tennis Tournament

Sports Section The Panama Bowl (Copa Banco Uno) 2006 is being played at the Panama National Tennis Stadium in the Llanos de Curundu in Panama City. The tournament started on March 13th, and will run through the 18th. The tournament is sponsored and sanctioned by the International Tennis Federation (ITF) and attracts young players from all over the world. This is an under-18 tournament, and most of the participants were in the 14-17 age range. The red clay surface is different and challenging for many of the players who don't get many chances to play on clay. This tournament is a "grade 4" tournament, meaning that its a relatively low-ranking competition, and is meant to be the kind of competition for younger players to earn some points and experience for their international rankings. It was nice to talk to the players and coaches, and to see some excellent tennis skills on display from some young and very talented players.
Share
  • Facebook
  • Google Bookmarks
View Printable Version

Supreme Court Reopens Case Against PRD Congressman

Corruption The Supreme Court took on a penal case for theft and falsification of documents filed against a sitting member of the National Assembly, Alejandro Vanegas Rosero. Rosero represents circuit 3-1 of the province of Colon, and is a member of the PRD. The court issued edict N° 132 of 7 March 2006, which overturned a lower court's decision in Rosero's favor. The decision also ordered the Second Penal Court of Colon to continue with the case against the other representative implicated in this case, Jair Morales Guerrero. The judges explained they would take on this case against Fosero considering his current status as a sitting congressman. The most recent reforms to the Panamanian Constitution require the Supreme Court to authorize the Public Ministry to investigate any member of the National Assembly. The President of the Supreme Court ordered that the required notifications be made. The document was signed by all nine Supreme Court judges, as well as the Secretary General of Supreme Court Yanixa Yuen Cerrud. La Prensa tried to contact Rosero to obtain his side of the story, but was unable to contact him. After several telephone calls, the head of Public Relations for the National Assembly, Yali Pittí, said that she looked for the deputy all over the Assembly and that he "is not in his seat, and in addition, they recently changed cellular phones and have not given the new number to us."
Share
  • Facebook
  • Google Bookmarks
View Printable Version

"Duro Dollars" Case Update

Corruption Lawyer Rogelio Cruz is trying to stop the Public Ministry's investigation of Dalvis Xiomara Sanchez for unjustified enrichment. Sanchez was the administrative director of the Presidency of the Republic in the government of Mireya Moscoso, and got famous for the "duro dollars" case when her domestic employees stole $45K of the more than $300K she had in her freezer. Cruz will present a request for reconsideración on Thursday to the Direction of Patrimonial Responsabilidad (DRP) of the Comptroller's office. According to Cruz, "The (existence of the) request suspends the effects of the resolution, and until the request is resolved, the the DRP cannot send the report to the MP." The general undersecretary of the Attorney General's office, Ramiro Esquivel, said that Cruz's request has not arrived at his organization, and therefore Attorney General Ana Matilde Go'mez said that Sanchez would be investigated. The DRP emitted a resolution determining the existence of the unjustified enrichment on the part of Sanchez by the sum of $220,390.57.
Share
  • Facebook
  • Google Bookmarks
View Printable Version

World Class Asset Gaining Recognition, Remains Undervalued

Money Matters TORONTO (ResourceInvestor.com) -- Toronto-listed junior Petaquilla Minerals [TSX:PTQ] has seen its share price run up about 50% this month and continues to touch new highs even as most other commodity related stories are getting pounded. The company has something that few others of their size can boast - a world-class copper asset. World-class assets in the commodity space are beginning to attract significant attention from investors and major mining companies, as they are hard to find, expensive to delineate and certainly take time to bring to production. The market is waking up to that reality (witness the recent run in Peru Copper), and stories like Petaquilla will command and retain a healthy premium going forward. Petaquilla owns 52% of the Minera Petaquilla S.A. copper/gold porphyry system with the remaining 48% held by Inmet [TSX:IMN]. Teck Cominco [TSX:TEK-SVB] currently has no stake, but can acquire an effective 26% interest in Minera Petaquilla by funding PTQ's share of the cost of bringing the project to production.
Share
  • Facebook
  • Google Bookmarks
View Printable Version

Hey Mom! I got my Report Card! Check it out!

Canal Expansion Under Article IV of the IMF's Articles of Agreement, the IMF holds bilateral discussions with members, usually every year. A staff team visits the country, collects economic and financial information, and discusses with officials the country's economic developments and policies. On return to headquarters, the staff prepares a report, which forms the basis for discussion by the Executive Board. At the conclusion of the discussion, the Managing Director, as Chairman of the Board, summarizes the views of Executive Directors, and this summary is transmitted to the country's authorities. (Editor's Comment: This report from the IMF is the single most important economic report of the year. It gives an comprehensive overview of performance and policy trends. If you study last years report (April 2005) closely, you will see it contains instructions to the Panamanian government on how to improve and strengthen the economy. Then, compare the 2005 report to the actions of the Panamanian government over the next twelve months. They followed the IMF's guidance to the letter. They reformed the tax code and social security system, continued to work against corruption, opened their markets, etc. Read this years IMF report closely, and you know exactly what to expect from the Torrijos administration for the next 12 months. The end effect is that the IMF is virtually determining Panama's fiscal policy. If Panama does not follow the ILF's "guidance" and the IMF follows up by hitting Panama with a negative "report card" then you can forget about the "Big Empanada". By the way, this report gives resounding support to the canal expansion project and applauds Panama's fiscal policies over the last 12 months. It falls just short of a standing ovation.)
Share
  • Facebook
  • Google Bookmarks
View Printable Version

Petaquilla Welcomes Tom Byrne as Manager of Corporate Communications

Money Matters VANCOUVER, British Columbia, Mar 15, 2006 (BUSINESS WIRE) -- Michael Levy, the President of Petaquilla Minerals Ltd. (PTQMF, Trade)(FWB:P7Z), is pleased to announce that Tom Byrne has been engaged by the company as manager of corporate communications. Mr. Byrne was instrumental in the last round of financing that closed on January 10th, 2006, and since that time has been assisting the company in the areas of corporate development and investor relations. He brings to the company over 20 years of successful experience in corporate branding and marketing of public and private corporations. His ability to access a worldwide network of financial market contacts will help to raise the profile of the company in this very important period of development for the company. He will be working closely with the board of directors in the creation of a new web site, advertising materials, corporate presentation materials, road shows and trade shows. Mr. Byrne will also assist in the organization of the considerable amount of data the company has archived on the Minera Petaquilla copper deposit, the Molejon gold resource and the surrounding 795 square kilometre area of tenure.
Share
  • Facebook
  • Google Bookmarks
View Printable Version

Panama Canal: Hillary Clinton Wrong on Chinese Control

Canal Expansion In late February, NewsMax.com reported that "Hillary Clinton Rips Bill's Panama Ports Deal." The NewsMax report has not made the operators of the Panama Canal happy. NewsMax received the following letter from the head of the Panama Canal Authority: Dear Editor: This pertains to a recent article printed in your publication on February 27, 2006, entitled "Hillary Clinton Rips Bill’s Panama Ports Deal.” The article pointed out that the Panama Canal is being run by the Chinese, which is completely inaccurate. The Panama Canal is managed and operated by the Panama Canal Authority (ACP), an autonomous agency of the government of Panama. Contrary to statements and reports that the Canal is run by the Chinese, neither the Government of China nor a private Chinese company has anything to do with the management, operation or function of the Canal. (more)

Share
  • Facebook
  • Google Bookmarks
View Printable Version

Update on the "Fake Judge" Case

Corruption Lawyer César Guardia is now representing Dulio Arrocha in the "fake judge" case. He also presented another "sick slip" keeping Arrocha off the hook to testify until next Friday. There was a flap over César Guardia's power of attorney, which was apparently rejected by the Public Minstry but accepted by the President of the Supreme Court, Graciela Dixon. Attorney General Ana Matilde Go'mez said the MP followed procedure, and is trying to have Arrocha make his statement. "The incapacity is a medical subject, and the patient will have to present to us a diagnosis, when it occured, what's wrong with him, and we will determine if he will come to us or we will go to him so he can make his statement." Go'mez said she is still waiting for the Supreme Court to decide on removing Arrocha's lawyer credentials, and to have him placed under arrest.
Share
  • Facebook
  • Google Bookmarks
View Printable Version

MP calls Sanchez to Testify in "Duro Dollars" Case

Corruption Dalvis Xiomara Sanchez, ex- administrative director of the Presidency of the Republic in the government of Mireya Moscoso, famous for the "durodólares" case, will be investigated in the Public Ministry for illegal enrichment, according to Attorney General Ana Matilde Go'mez. Last 3 March the Direction of Patrimonial Responsibility (DRP) of the Comptrollers office emitted a resolution determining the existence of illegal enrichment by Sanchez by the sum of $220,390.57. Sanchez filed a complaint against six maids in August of 2002 for the theft of $45,000. At the time, Sanchez alleged the loss of money in cash she kept in the freezer her house in Bethania, and that according to Sanchez was her life savings. In the theft case, the Eleventh Penal Court found five of the defendants guilty. After this process Sanchez's lawyers demanded the money that had been recovered by the authorities. When Go'mez assumed her position in January of 2006, she reopened the "durodólares" case and sent it to the Comptroller to determine if the crime of illicit enrichment existed. After receiving the notification of the DRP, the head of the Public Ministry clarified that this case does not represent "double jepordy" against Sanchez. "The MP investigated the theft of the money, but the origin of the money was never was investigated, which is why we sent it to the Comptroller to determine if the law had been broken" Go'mez explained.
Share
  • Facebook
  • Google Bookmarks
View Printable Version

Home Security (Choosing A Safe)

Professional Services (By Brett Mikkelson) Upon purchasing a safe, there are several general things that you should account for to ensure you are buying the right one for your needs. Security is obviously the first and foremost point that you need to take into consideration. There are safes to hold documents, (fire resistant for 1-2 hours), and there are three levels of theft prevention safes as well (high, medium and low). There are simple residential safes that are made with solid iron with electronic or mechanical locks. They offer a low level of security for intruders, but a high level of security for house-based employees; these are not fire resistant whatsoever. These are not easy to open in a non-violent manner and are resistant to simple manual tools such as hammers and chisels depending on the quality of the safe. There are fire resistant safes with a thin plate of metal which creates a mold that is filled with a low density material against fire. They are however vulnerable to simple manual tools such simply because the plate of metal is so thin. These safes provide a low level of security against intruders, a medium level of security against house-based employees and a medium level of security against fires. http://bminvestigations.com/article.php?story=20060314171429241
Share
  • Facebook
  • Google Bookmarks
View Printable Version

Infants to be Vaccinated Against Rotavirus

Healthcare More than 60,000 infants will be vaccinated against rotavirus, according to the Ministry of Health. President Torrijos declared that campaign will benefit about 60,000 infants from between two and six months of age, free of cost. The vaccination will protect them from severe diarrea. The minister of Health, Camilo Alleyne, said that in Panama there are approximately 20 thousand children affected by rotavirus every year, and he hopes these vaccinations will protect a large percent of the younger population. Rotavirus is a contagious virus that causes fever, nausea, vomiting, abdominal pain, watery diarrea, and dehydration.
Share
  • Facebook
  • Google Bookmarks
View Printable Version

Protest Against the Expansion of the Canal

Protests & Demonstrations This morning a group of Campesinos marched slowly down Balboa Avenue, blocking traffic for awhile, carrying signs and shouting slogans. In short, they were protesting against the plans of the Panamanian government to expand the Panama Canal. Their primary concern is the Law 44 from 31 August 1999, which (as far as I can tell) gives the ACP the power to annex lands in the Panama Canal watershed when necessary for the proper management of the canal. There are plans to build three hydroelectric projects, on the Cano Sucio, the Rio Indio, and the Rio Cocle del Norte. The Director of the ACP, Aleman Zubieta, has said that people would have to be relocated if they live in areas to be flooded. Basically, these people are against the dams, and against being relocated. But the strange part is that within the demonstration there were signs for and against the canal expansion. Go figure.
Share
  • Facebook
  • Google Bookmarks
View Printable Version

Yucatan Resort investors granted $20 million in settlement

Crime & PunishmentThe Arizona Corporation Commission has approved a $20 million dollar settlement reached with five defendants who sold investments in Yucatan Resorts, an international investment program. The commission already has received a $4 million down payment from the defendants. The money will be returned to the more than 350 Arizonans who invested in the program. They had been promised that their money would be used to buy a timeshare that would result in an 11 percent return on their investment. However in many cases, the money was spent on other things without their knowledge. The named defendants in the case are: Michael E. Kelly, South Bend, Ind., and Cancun, Mexico; Yucatan Resorts Inc., South Bend, Ind.; Resort Holdings International, Cancun; Yucatan Resorts, SA, Cancun and Panama; and Resort Holding International, Cancun and Panama.
http://www.bizjournals.com/phoenix/stories/2006/03/06/daily27.html
Share
  • Facebook
  • Google Bookmarks
View Printable Version

3 charged with scamming Smithfield firm

Crime & PunishmentNORFOLK -- Three men arrested in Dallas recently are accused of running a sophisticated "bust-out" scheme in Hampton Roads that targeted a business in Smithfield. Federal agents arrested James Robert Nance, 38, also known as Thomas James Alvin and T.J. Alvin, along with Steven A. Nadroski, 37, also known as Trent Wilson, and Nadroski's 33-year-old brother, Donald Nadroski, who sometimes goes by Don Black and Yaakov Cohen. The men, who live in Sao Paulo, Brazil, were arrested at the Dallas/Fort Worth International Airport as they tried to leave the country, officials with the U.S. Attorney's office in Norfolk said Monday. Nance and the Nadroskis are charged in a five-count indictment that was unsealed Monday after their arrests. The charges include possessing and uttering a counterfeit security, wire fraud, bank fraud and conspiracy. Officials said the men were charged based on their role in the bust-out scheme, a scam that involved them buying a Smithfield business, paying the owner only a portion of the $1.7 million sale price and then rerouting money from the business to a bank account in Panama.
Share
  • Facebook
  • Google Bookmarks
View Printable Version

Coral bleachings haunt the world's reefs

Fishing By Michael Perry Sydney - When marine scientist Ray Berkelmans went diving at Australia's Great Barrier Reef earlier this year, what he discovered shocked him - a graveyard of coral stretching as far as he could see. "It's a white desert out there," Berkelmans said in early March after returning from a dive to survey bleaching - signs of a mass death of corals caused by a sudden rise in ocean temperatures - around the Keppel Islands. Australia has just experienced its warmest year on record and abnormally high sea temperatures during summer have caused massive coral bleaching in the Keppels. Sea temperatures touched 29°Celsius, the upper limit for coral. '95 to 98 percent of the coral is bleached in the Keppels' High temperatures are also a condition for the formation of hurricanes, such as Katrina which hit New Orleans in 2005.
Share
  • Facebook
  • Google Bookmarks
View Printable Version

Want to Know Where that Honeydew Melon Comes From?

Food & Drink Every now and then, I run into things that are interesting, but a little off of the beaten path. For example, did you know that Panama exports honeydew melons to the United States? Like, a lot of honeydew melons (tons). The United Stated Department of Agriculture releases an agricultural report weekly, detailing the imports and exports into and out of the United States. Of course, I only focused on Panama. In the past week Panama exported 2,800,000 pounds (or 1,400 tons) of honeydew melons to the US, between March 5-11, 2006. And additional 1,700,000 pounds (or 850 tons) was shipped between Feb 26 - Mar 4. By way of comparison, Panama shipped 2,000,000 pounds (or 1,000 tons) between Mar 6-12 in 2005. So far this year Panama has exported 12,300,000 pounds (or 6,150 tons) of melons compared to 10,900,000 pounds (or 5,450 tons) for the same time period last year, an expansion of 12.8%. In 2005, Panama exported a total of 15,500,000 pounds of melons (or 7,750 tons) for the entire year. But while melon exports were up, other products were down, like pineapples and watermelons. http://www.agreport.com/open/186277.phtml


Share
  • Facebook
  • Google Bookmarks
View Printable Version

Panama's Indian albinos a revered elite

Travel & Tourism By Mike Power ISLA TIGRE, Panama (Reuters) - When Kuna Indian medicine man Mandiuliguina Flores speaks, everyone listens. For his dark-skinned indigenous audience, the albino shaman's milky white skin gives him special powers. In a quirk of history and genetics, Panama's Kuna tribe has one of the world's highest occurrences of albinos, revered as an elite group that the Kuna call "the children of the moon". Kuna mythology puts albinos -- who have pale skin and white or ginger hair due to pigment deficiency -- at the heart of creation, teaching that God sent his albino son to Earth to teach humans how to live. Even today, the Kuna see albinos as highly intelligent and some even claim they have supernatural powers. "I can heal any snake bite," said healer Flores outside his thatched hut on tiny Isla Tigre island, his pale-yellow eyes flitting around in their sockets, a side-effect of his albinism, and his ginger hair peeping out from his pork-pie hat.
Share
  • Facebook
  • Google Bookmarks