FROM Robert Wright
Panama Votes to Expand Canal The Panama Canal can handle ships carrying 4,000 containers, but super-sized cargo vessels carry three times that many and more. Yesterday, the voters of Panama agreed to expand the canal, with work expected to begin as soon as next year. Though the turnout was low, the margin was high--with 78% of the voters agreeing to expand the Panama Canal. The project will cost at least 5.2 billion dollars, creating 40,000 jobs in a pverty-stricken country with 9.5 percent unemployment. Will that make Panama more competitive with Egypt and its Suez Canal?
Historic Thaw in US-Cuban Relations and 2016 Presidential Contenders Hillary Clinton is still playing it coy when it comes to another run for the White House. Jeb Bush has beat her to the punch, becoming the first major player to say he'll “actively explore” a possible campaign. We hear early assessments of what's in store between now and 2016.