Word: commerciales
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Then there's all that bad debt. We've now mostly worked through the subprime mortgage mess that started this whole debacle, but lots more losses - from prime mortgages, credit cards, commercial real estate, you name it - are still to come. Morgan Stanley economist Richard Berner estimated on Tuesday that...
Panamanians take justifiable pride in their operation of the Panama Canal. Since the U.S. handed the famous waterway over to Panama nine years ago, the independent Panama Canal Authority (ACP) has run it more efficiently, more safely and more profitably than the Americans did. Too bad, most Panamanians say, that...
For governments, that's real cause for concern. It might not show up in the national accounts, but trust is vital for an economy to work. When we stash wages or savings with banks, we trust they'll be safe and accessible when we need them. When we squirrel money...
Far more worrisome are the increasingly sophisticated tunnels that display mining engineering expertise and significant investments of money. A tunnel discovered in 2006 believed to have been financed by the Tijuana Cartel led by the family of Ramon Arellano Felix was around 2,400 feet long and about nine stories...
Back at the Mexico-Texas border, the new fence does include some underground sensors. But in reality, it basically stitches together currently available commercial technology which experts acknowledge is far from adequate to detect stealth tunneling. The overall problem is that soil conditions vary widely and some environments pose particular...