By Jerin Tate for Panama-Guide.com - About three years ago when the real estate boom was in full swing, suddenly a whole bunch of Donald Trump wannabes (I call them Trumpitos) sprang up all over Panama. The big problem is that none of these guys had any experience in any kind of real estate. The bottom line was making as much money as possible before everything came crashing down. Back in those days all you had to do was sell 30% of the building and a bank would finance you for the constru... Read Full Story
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Angelmira Correa - Governor-designate of the Kuna Yala Region
By DON WINNER for Panama-Guide.com - This afternoon in a press conference held in the headquarters of the Cambio Democratico political party in Costa del Este, Judy Meana, the spokesperson for President-elect Ricardo Martinelli, announced the designation of career educator... Read Full Story
By MARY TRINY ZEA for La Prensa - La Prensa consulted with the promoters of twelve real estate projects, whose prices vary from $120,000 to $300,000 dollars, and confirmed that only one of these has openly dropped their asking price and that four others were prepared to negotiate possible price reductions. The Pine Hills apartments in Albrook were being offered for $295,800 in April 2009, and now they are being offered for $275,000. According to Procasa, the prices were lower... Read Full Story
By MARY TRINY ZEA for La Prensa - If you are waiting for real estate prices to drop due to the global economic crisis, you should know that prices are not coming down, and some sellers are even raising their asking prices. I would not say prices have fallen; there are fewer buyers," said Wilson Ruiz, the Vice President of the Panamanian Association of Real Estate Agents and Promoters (Acobir.) Lower demand has caused "the buyers want to negotiate more," said Wilson, but this is not necessar... Read Full Story
By: Melanie Grimes for HealthNews.com - With one in three Americans suffering from high blood pressure, chocolate could be the new wonder drug. Harvard University studied a tribe of Indians from a Caribbean island off Panama who have perfect blood pressure numbers and a lower incidence of death from heart attacks and strokes, diabetes and cancer. The Kuna Tribe - What is their secret? The Kuna tribe members drink five cups of cocoa each day. Researchers are investigating the tribe, their die... Read Full Story
By DON WINNER for Panama-Guide.com - Mariano Rivera, the star closer for the New York Yankees, now has a total of 499 career saves to his credit, and hopefully he will soon join Trevor Hoffman as the only other relief pitcher in the history of baseball with 500 career saves, virtually guaranteeing him a spot in the hall of fame. Rivera retired the only batter he faced in the Yankee's 11-7 win over the Atlanta Braves on Thursday night, pitch-hitter Diory Hernandez. Rivera has converted 17 of ... Read Full Story
PITTSBURGH (AP) The Kansas City Royals placed right-handed reliever Kyle Farnsworth on the 15-day disabled list with a right groin strain Friday and recalled lefty starter Bruce Chen to take his place. The 32-year-old Chen is scheduled to start Saturday and will pitch in the majors for the first time since April 20, 2007, with Texas. He was 4-2 with a 3.40 ERA in 14 games for Triple-A Omaha this season, and will be pitching for his 10th major league club. He takes the rotation spot of Kyle... Read Full Story
By Denise Lara for Telemetro Reporta - New reduced tolls went into effect at midnight last night for the Madden-Colón highway. These lower tolls will be in effect until roadwork being conducted on a 7.5 kilometer long stretch of the old Transístmica highway between the town of Agua Buena and the Bridge over the Chagres River is completed. The temporary tolls are: Light vehicles and cars - $2.50. Buses $5.50. Light trucks - $3.15. Heavy Trucks - $4.50. Once the work is comple... Read Full Story
By DON WINNER for Panama-Guide.com - Yesterday afternoon a group of divers was working to located and attach floats to an airplane that ditched into the Panama Canal near the Amador causeway last weekend. The airplane, a Beech Model 58 twin engine small airplane, tail number N511MP, piloted by American Monte Pollock, the owner of one of our sponsor's PanamaSkyDive.com, was forced to make an emergency ditching in the waters of the Panama Canal, just off of the Amador Causeway last Saturday aft... Read Full Story
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Bosco Ricardo Vallarino
By Grisel Bethancourt for La Critica - The case regarding Bosco Vallarino is getting a second wind. This time around Supreme Court Magistrate Adán Arnulfo Arjona admitted a request for a review of constitutionality, presented by Vallarino's lawyer Herbert Young, against the Director of the Civil Registry, Shar... Read Full Story