Archive for October 23rd, 2009

Pirates have seized another Panamanian-flagged carrier off the coast of the Seychelles. A ship flies the Panamanian flag because it is registered in the country to take advantage of the infrastructure (discount on Panama Canal transits), maritime laws, anonymous ownership options, and tax breaks.  Panama is considered to be one of the best places...
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In a response to the need for improved safety standards in public transportation, the Government announced yesterday that the new urban transport system will be in place within a year. The current system depends largely on a fleet of reckless smoke-choking, psychedelically-painted, second-hand U.S. school buses known as the Diablo Rojos, accessorized with neon...
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