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Donald Trump has never been accused of subtlety. So there is nothing retiring about the celebrity real-estate magnate's venture into Panama. His 70-floor sail-shaped Trump Ocean Club, under construction in Panama City's exclusive Punta Pacifica district, will be the largest and most expensive building ever built south of the Rio Grande. "Nothing like this has ever been attempted in Latin America," says head developer Roger Khafif, whose K Group construction firm is handling the $400 million project. "When you think of Sydney you think of the Opera House, when think of Paris you think...
NAFTA is another reason. The "giant sucking sound" Ross Perot warned about has worked in reverse: since NAFTA took effect in 1994, it has drawn Mexico ever more tightly to the U.S. and Canada. That's been especially true under Calderón's more conservative National Action Party (PAN), which has ruled Mexico since 2000 and whose voter base resides in the country's more U.S.-friendly north. And then, perhaps most important, Mexico for the past decade has been waging an increasingly horrific war against its drug cartels, whose narcoinsurgency has afforded the government little time and energy...
...Even so, there is a clear trend emerging: tomorrow's jobs will require people to add more value than ever before. Consider Samsung's only semiconductor-fabrication plant outside South Korea, which sits in northeast Austin. Since the fall, the factory, which makes flash memory for devices like smart phones and iPods, has been undergoing a $500 million upgrade. In advance of the plant's early-summer reopening, Samsung will hire about 200 engineers and technicians to run and service the new, more sophisticated equipment inside. But with the new factory and those new jobs, 500 other positions have been...
...starting to seem as if the Olympic gods have it in for Russia. A month ago at the Vancouver Games, the Russian team had its worst showing ever at a Winter Olympics, leading the head of the country's Olympic Committee to resign in disgrace. Now Moscow's big chance to redeem itself - hosting the Winter Games in Sochi in 2014 - is shaping up to be an even bigger embarrassment. In the past few weeks, a number of problems have exposed the deep rot at the heart of Russia's Olympic foibles: a shortage of funds, mismanagement and widespread public...
...tries to restart peace talks between Israel and the Palestinians is that neither side seems interested in having them. A majority of both publics still support the goal of "two states for two peoples," but years of stalemate have sown deep pessimism about the possibility that it will ever come about. A joint survey of Israeli and Palestinian public opinion taken last December found that while 75% of Israelis say they support the establishment of a Palestinian state, only one-third expect it to happen in the next five years. Among Palestinians, 70% believe the chances that an independent state...