Word: tolls
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Dates: during 2000-2009
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...canal is Panama's oil, its critical resource. But under the Americans it was run like a military installation. Since the canal's handover on Dec. 31, 1999, the Panama Canal Authority (ACP) has run it like a business--more efficiently, more safely and more profitably--doubling toll income to an estimated $1.4 billion this year. (The Suez Canal earns $3.5 billion.) That's nearly 10% of GDP. "Before, the canal was just about moving ships," says ACP administrator Alberto Alemán. "Today it's about moving cargo...
...Alemán's more lucrative changes was creating different cargo classes for toll charges (container, tanker, passenger, etc.), which has had the dual effect of augmenting revenues while presenting users with a fairer fee structure. The new authority also designed a more efficient transit-reservation system: a canal passage that often entailed a wait of several days at the canal's entrance a decade ago takes less than a day now, increasing throughput...
...Toll increases would pay the expansion's $5.25 billion projected cost, about half of which would be financed by international banks. Alemán estimates the increased traffic could raise the canal's annual income to as much as $5 billion...
...tallies each while five other Crimson players recorded a single goal.Balaraman frustrated the Occidental offense, saving ten shots in the match.CALIFORNIA BAPTIST 9, HARVARD 4Against Cal Baptist, the Crimson played evenly for the first minutes of the match. But 11 different man advantages for Cal Baptist took their toll on Harvard. The many chances proved too much for the Crimson.The Lancers dealt the first blow of the game, scoring with 1:30 remaining in the first period. Harvard quickly turned the tables, though, as Garcia and freshman Egan Atkinson added one apiece to end the quarter.The Crimson remained in control...
...same time? What is so hard about producing a fuel-efficient car with sleek lines that will go more than 100,000 miles [161,000 km] without falling apart? What is so difficult about being consumer friendly? What is so difficult about offering a 100,000-mile guarantee and toll-free roadside assistance? Greed captured U.S. car companies 30 years ago, and Ford is being destroyed by it. Joseph P. Nolan Waterbury, Connecticut...