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SET BACK FOR "NEW & IMPROVED" PANAMA CANAL

Builder Gives Panama Canal Authority 21-Day Expansion Ultimatum



BY BLOOMBERG ON JANUARY 2, 2014



(c) All rights reserved by Canal de Panamá











Jan. 2 (Bloomberg) — A group led by Sacyr SA threatened to abandon expansion of the Panama Canal if waterway managers don’t meet a cost overrun amounting to about half the initial $3.1 billion contract. 



Sacyr shares fell as much as 19 percent.





The group including Spanish builder Sacyr and Italy’s Impregilo SpA notified the Panama Canal Authority they would suspend work if demands aren’t met in 21 days. 



The additional cost amounts to $1.63 billion, Sacyr said in a filing to Spanish regulators today.





The Panama Canal has requested additional information from the group as the “numbers change day by day” and any claims must be decided by an independent court, said Jorge Quijano, the waterway’s chief administrator.




“We have been paying them better than anyone else in the world pays a contractor,” Quijano said on a conference call with reporters today.





 “It’s t…

THE FUTURE OF FARMING : LEASE THE SOIL & INVEST IN TECHNOLOGY ...

Agribusiness in Latin America
Farming without fields







An Argentine farming group is heavy on science and light on assets






Jan 4th 2014 


| BUENOS AIRES | 





From the print edition




Own the soya not the soil






BRIAN BRETT, a poet, called farming “a profession of hope”





Farmers must pray for just enough rain, amenable soil conditions and good market prices. 



In Argentina their prayers do not end there. 



Since the country’s financial crisis in 2002, its government has taxed farmers at between 20% and 35% on their grain exports, while galloping inflation has pushed costs up by 25% a year. 



Worse, the government has propped up the Argentine peso so that it is 60% stronger than it would be if freely traded, making crops too dear to sell even as commodity prices have soared.



This harsh climate has caused many of Argentina’s agriculture groups to shrink their presence in the country. 





El Tejar, once Argentina’s largest farming group and still the largest in the Americas, harvested only 30,000 hectares (75,000 ac…

A POCAS HORAS : DAKAR RALLY 2014

Climate Change in 12 Minutes - The Skeptic's Case

END OF MANGOES IN INDIA ??? : High court bans cutting of Mango trees in UP

IANS | Lucknow 

January 4, 2014 Last Updated at 10:40 IST











The Lucknow bench of the Allahabad High Court (HC) has banned cutting of green mango trees in the state.







A bench of Chief Justice Dhananjay Yashwant Chandrachur, and Justice Devendra Kumar Arora Friday directed the state government to ensure that no mango tree in the state was felled without obtaining the necessary guidelines.









The court gave these directions while hearing a public interest litigation (PIL) filed by a local lawyer Jayant Singh Tomar.










Tomar in his plea has brought to the court's notice that green and fruit laden mango trees were regularly cut by various government agencies in name of expansion of roads.





Some of the private developers and individuals were also involved in the practice in areas like Bakshi Ka Talaab and Malihabad on the outskirts of the state capital, the plea said.







He claimed, this practice was in gross contravention to the rules and guidelines for the 'Phal Patti Kshetra' (Fruit belt area)…