United States Vice President Joe Biden said that the potential of developing Panamanian canals for shipping lanes could do well for western and global commerce.
Biden said that newer ships are capable of carrying entire vehicles, shipments of car machine parts and other materials that pass through other canals and passages, which become more costly for some manufacturers. However, he said that if the Panamanian canal allows these bigger ships to fit in seamlessly, a “barrier” will disappear from the economic progress.
The development of Panamanian canals, according to the Vice President, will allow American manufacturers to have a gateway to the Atlantic and Pacific.
According to him, currently, the Panamanian President Ricardo Martinelli is currently working on a project that will develop the Panamanian canal to accommodate US manufacturing and shipping ships.
The canal trips begin and end in the United states, which helps the country lower the cost of exports and increase the volume of their exports, helping manufacturers grow their businesses and helping the economy. The canal will also connect manufacturers to the Asian markets.
He said that he is encouraging investors to place their confidence in the success of the Panamanian canal as it would help save the economy of the United States and enrich the global economy.
The Treasury and Ministry of Justice said that all claims management firms who would continue to harass UK nationals and deliver unwarranted PPI claims to banks and financial companies will be fined for their actions. The MOJ’s actions are its response to banks complaining about rogue claims management companies adding up to their administrative costs by sending in unfounded PPI complaints.
According to Lloyds, its £8 billion PPI refund allocation has £1.6 billion attributed to administrative costs alone. Every lender in the UK almost pays 30% of their PPI refund to administrative costs due to fraud or unfounded PPI complaints.
PPI or payment protection insurance helps consumers repay their loans, mortgages and credit cards when they get sick or into an accident. However, due to many consumers sold an insurance they did not need, the UK government had pushed the financial industry to refund their consumers. If you want to know the total amount of refunds you could get, you can consult a PPI calculator mostly found online.
Rogue PPI claims management firms are known for cold-calling consumers and inviting consumers to make a PPI claim through text. Most of these companies charge up-front fees to claimants and do not inform them that the Financial Ombudsman is another free service they could use for PPI claiming.
Panama had released the majority of the North Korean Ship that it intercepted to be delivering weapons to North Korea from Cuba. The crew will be released from prison and will be allowed to return to North Korea according to a Panama official. The three remaining crew, including the captain, his assistant and the political emissary will face charges.
The anonymous official accused the three of carrying illegal weapons, which amount to 12 years in prison. Another anonymous official said that the other North Koreans will be released the following week.
North Korea released a statement that it demanded Panama return the 10,000 sacks of sugar the ship was carrying and bound to deliver from July 15, 2013. The sugar was to be used to make candy for an end of the year celebration for North Korean children. The sugar was worth $5 billion according to the anonymous Panamanian official.
Panamanian officials seized the ship when it passed Panama on suspicion that it carried drugs. They discovered the ship to be carrying two Cuban fighter jets, both in good working condition.
When asked about the situation, Cuba said that the weapons they provided to North Korea were obsolete.
UN Law states that Cuba had violated the sanction against selling and supplying weapons to North Korea.
The Financial Conduct Authority said that only six out of eighteen UK banks were performing effectively in compensating mis sold PPI to their customers. The remaining 12 financial companies were unnecessarily delaying customers and they have not compensated their customers properly. The FCA said that one of the twelve were due for enforcement action and others may be fined.
The Financial Ombudsman echoes the same notion as it reports it received 266,388 PPI complaints in the first half of 2013, nearly a 26% increase in the PPI complaints from 2012. Financial Ombudsman Chief Natalie Ceeney pointed out that banks are still “dragging their feet”, having 8 out of 10 bank-rejected claims upheld for consumers.
PPI is an insurance product that goes with your loan or mortgage, but if you were already excluded from the terms and conditions, or these exclusions were not shown to you, you are mis sold the insurance. Claims management companies such as PPICalculatorCompany.org.uk could help you get back the compensation you deserve.
The FCA expressed its disappointment with the financial institutions and are studying possible improvements for PPI complaints processing. The total PPI compensation bill UK banks and financial institutions face goes around £12 billion.
If you were mis sold PPI, you could click here to know how much money did you exactly lose to the insurance policy.
US Senator John McCain said to Russians that they do not deserve a president such as Vladimir Putin and encouraged them to demand their rights to life, liberty and happiness. The Senator wrote about Putin in an opinion article detailing the perceived corruption and government of the Russian President.
McCain added that Putin is running the country by repression, violence and deep corruption. He pointed out that the government always attempts to imprison their political opponents, control the media and rig their elections.
The Senator said that he wrote the speech in concern for the Russian people and that they deserve a better president than what they currently have. Vladimir Putin is currently president of Russia for 14 years.
Putin recently said that if the US did not agree to Russia’s plan to destroy the Middle East’s chemical weapons and armament, the balance of international law and order might be thrown out of balance.
McCain also included the alliance of Russia to Syria and other countries not recognized by the United States and other western countries. He pointed out that the way Putin structured and brought up Russia was through alliances of MidEast tyrants.
Putin pointed out that the US and the UN have no right to attack Syria because there is still no evidence that it was the Syrian regime that used the chemical weapons that killed 1,400 civilians.
US President Barack Obama is convinced greatly that the Syrian regime are behind last weeks’ chemical attack in Damascus. However, the US willingness for a military strike can be cut short by Russia’s veto powers in the United Nations Security Council.
Russia greatly pointed out that the western world’s intervention in Middle East affairs, such as Iraq and Libya had changed the regime of such countries completely. The Russian government expects a US military strike on Syria but has no idea when the United States will do so.
According to the Head of the Foreign Affairs Committee of the Russian Parliament Alexei Pushkov, it is only a matter of time before the United States strikes. He said that the Russian government maintains its stance that there is no proof that the Syrian regime had carried out the attack and the United Nations investigation is yet to finish.
Russia also made it clear that a military intervention from the outside could make things worse. A great rise in radicalism could occur and it would be a great violation of international law if the United States pushes through with its intentions.
Russia’s newspapers warned that the western intervention could spark a new Russian/American standoff where deterrence and nuclear weapons played a great role. Only this time, chemical weapons are in question. However, a direct military confrontation with the United States is highly unlikely.
However, Russia might also intervene by forging closer ties with Syria’s allies and increase weapons supplies to Damascus.
Panama’s coastal fleet recently flagged a South Korean ship that were found to carry Cuban-made weaponry. In an attempt to reclaim their ship full of illegal weaponry, Pyongang wrote a diplomatic note, which Panama thoroughly rejected and said that they will leave the matter to the United Nations.
South Korea’s note read that the ship did not intend to harm the Panama Canal and its security and it hopes that Panama would cooperate to resolve the situation in a diplomatic and peaceful manner. The note also said to allow two diplomats to provide the 35 crewmen of the ship to receive consular services.
The Freighter Chong Chon Gang was flagged when Panama Canal security received a tip that the freighter carried drugs on board. Authorities found smuggled weapons from Cuba, which the Panama prosecution pointed out as a threat because it was not declared as it crossed the Canal. The investigators said that the freighter carried 240 tons of old Cuban weaponry that North Korea would repair and then return to Cuba. Two MiG jets, 15 MiG engines and anti-aircraft missiles were also found.
Several UN Security Council experts are due to examine the weapons and will declare whether the North Koreans have violated a seven-year-old UN ban on arms transfers because of its nuclear weapons development programs.
Panama’s lead against Mexico with a final score of 2-1 in the Concacaf Gold Cup in California assures its continuity in the competition. Panama’s Manuel Torres scored twice with a penalty kick in the seventh minute and a second goal that broke a 1-1 tie. Mexico’s Marco Fabian scored for his team two minutes before the end of the first half.
Other teams that will progress in the Concacaf Gold Cup are Martinique, who won against Canada in an opening-round game and the only African nation, Ghana, who defeated Chile 4-3 enabling them to reach the semifinals of the Under-20 World Cup in Istanbul.
Panama wasted no time in trying to restore its lead after the halftime, shocking the 50,000 pro-Mexico crowd with a 2-1 lead against Mexico. Panama’s Alberto Quintero gave a good setup for Torres as Raul Jimenez brought Quintero to the ground and Torrest took the penalty kick.
Jaime Penedo, Panama’s goalkeeper, staved off Mexico’s efforts by heading against the ball before the Mexican striker had a corner goal. Marco Fabian almost took a second goal, but his slide shot missed the goal field and hit the far post.
According to game analysts, the victory places more pressure on Manuel Torres’ shoulders and the rest of the Panamanians.
Prime Minister Dr. Denzil Douglas and his governing St. Kitts-Nevis Labour Party administration holds a majority on the National Assembly. He mentioned on his weekly radio program that he dismisses the opposition’s charges as propaganda. Douglas used the weekly radio program to point out that there are ten members of parliament on the government’s side while five remain on the opposition.
He said that it was more important to “set the record straight” before the government functions.
Of the 15 member National Assembly, eleven were elected members and six of the elected wrote to the governor general that they will not support Prime Minister Douglas and had made a move of no confidence that will be debated.
In the past, Prime Minister Douglas Denzil was criticised by the public for his increased use of military force in St. Kitts and Nevis in police matters. He is also reported to display traits of a dictator and abusive of state powers in the electoral office, the Police, SIDF and the Treasury.
Opposition votes a no confidence against the Prime Minister because he heads a majority Government instead of a minority government. The vote of no confidence indicates that a fresh elections need to be held to replace the prime minister.
Haiti’s Prime Minister Laurent Lamothe recently arrived in Brasil on a week-long trip aimed to cultivate Haiti’s relationship with Brazil to encourage private investing in Haiti. The trip also aims to allow the Haitian Government inclusion in the hemispheric affairs of its neighbours.
The Ricardo Martelly-Laurent Lamothe administration has tried to improve relationships with southern countries to increase their economy and develop good friendships and alliances. Today, they are looking to find investors, technical assistance and loans to enable Haiti to spring up further in their economy.
PM Lamothe probably looked at Brazil as a potential ground for investors being one of the countries that continue to support Haiti since 2004. Brazil also has a large regimen of troops in the UN peacekeeping forces. The presence of Brazil had actually promoted political stability and law even after the 2010 crisis.
In itself, Brazil actually invests $180 million to Haiti yearly.
PM Lamothe is to meet high ranking government officials and will be discussing the timeline for Haiti troop reduction, the assistance in allowing thousands of Haiti nationals in Brazil and assistance from the country to stop high-crime neighbourhoods.
Other aims include having large numbers of Brazilian private sector firms to invest in Haiti. These includes airline executives, industrialists and media entrepreneurs. The Haiti government’s aim is to invite these airlines to fly into Haiti, invest in the textile industry and allow construction firms to improve Haiti’s infrastructure through investments.
Source: Carribean News Now