Showing posts with label Panama Canal. Show all posts
Showing posts with label Panama Canal. Show all posts

Monday, February 3, 2025

Trump will crow that Panama has bowed the knee by agreeing not to renew participation in China's Belt and Road Initiative, but Panama was already dissatisfied with China from 2019

 

Events quickly shifted, however, following the election of Laurentino Cortizo as Panama’s president in early 2019. After taking office, Cortizo suspended or cancelled multiple Chinese investment projects. A review by the Panama Maritime Authority (PMA), the government agency that oversees the country’s ports, of the PCCP concession found that the Landbridge-led consortium had failed to comply with numerous contractual terms, including investing only roughly one-fifth of the promised amount, failing to provide key project documentation, and employing much less local labor than promised. The review led to the PMA’s decision to revoke the PCCP concession in June 2021.

More here

Panama pledges to end key canal deal with China, work with US after Rubio visit

... José Raúl Mulino, Panama's president, said his nation's sovereignty over the 51-mile waterway, which connects the Pacific Ocean and the Caribbean Sea, will remain unchanged. But he said he would not renew a 2017 memorandum of understanding to join China’s Belt and Road global development initiative and that Panama would instead look to work more closely with the U.S. ...

Wednesday, January 3, 2024

Off again on again Maersk is off again on Red Sea/Suez Canal transit, freight rates triple

 From the story:

Uncertainty remains despite a U.S.-led military effort to curb the attacks. Maersk had resumed the Suez route, but suspended it again in recent days after one of its ships was targeted by missiles and small boats.

Asia-Europe is Maersk’s biggest trade lane, and freight rates on the route have roughly tripled from their early December levels, the Goldman Sachs analysts said, while “the impact on annual contract rates is likely to be positive, albeit dependent on how the security situation evolves.”

Maersk’s other major routes are seeing “positive second-order effects from the Suez disruption.” Global trade is also being stymied by drought in the Panama Canal.

However, analysts do not currently foresee the same level of global supply chain disruption and capacity constraint as experienced during the Covid-19 pandemic, which triggered a huge spike in freight rates and record profits for companies including Maersk.

Thursday, April 27, 2017

Phyllis Schlafly correctly understood natural born citizenship to turn on the question of jurisdiction

Here is Schlafly in 2004:

The extensive litigation concerning American Indians illustrates that consent rather than place of birth is what controls citizenship. Indians did not receive citizenship until conferred by congressional acts in 1887, 1901 and 1924, long after ratification of the Fourteenth Amendment.

The Constitution states that "no person except a natural born citizen" is eligible to be President. Everyone recognizes that this provision disqualifies the Governors of California and Michigan who were born in Austria and Canada, respectively.

On the other hand, then Michigan Governor George Romney, whose birthplace was Mexico, ran for president in 1968, and Senator John McCain, whose birthplace was the Panama Canal Zone, ran for president in 2000. Both were "natural born citizens" because their parents were U.S. citizens and subject to the jurisdiction of American sovereignty.

It's not the physical location of birth that defines citizenship, but whether your parents are citizens, and the express or implied consent to jurisdiction of the sovereign.

Friday, January 22, 2016

Pat Buchanan and Phyllis Schlafly have both joined Laura Ingraham on her show so far today addressing the excommunication of Donald Trump by National Review

Phyllis Schlafly said she's never recognized National Review's authority on conservatism.

She pointed out that the magazine was never any help in her long battle to stop the Equal Rights Amendment.

And she also pointed out that William F. Buckley Jr. was for giving the Panama Canal to Panama, which most conservatives of the time opposed