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Nicaraguan assembly backs $40b waterway to rival Panama Canal

Panama game showcased U.S. growth

The $40 billion proposal by HK Nicaragua Canal Development Investment Co calls for linking Nicaragua's Caribbean and Pacific coasts and includes plans for two free trade zones, a railway, an oil pipeline and airports. The government says the canal, which has been discussed for decades, could boost the country's gross domestic product by up to 15 percent. "Today is a day of hope for the poor of this country," said Edwin Castro, a lawmaker in President Daniel Ortega's ruling party, before the vote marking final legislative approval of the deal.
For the original version including any supplementary images or video, visit http://www.chinadaily.com.cn/cndy/2013-06/15/content_16624226.htm

Wealthy investors, many from Colombia and Venezuela, have built real-estate and tourism projects, restaurants, clothing stores, car dealerships and computer businesses around Panama City. Nicaragua, meanwhile, doesn't have any obvious means, besides the possibility of the canal, of rapidly accelerating its growth. The government says it has created 700,000 jobs since President Daniel Ortega took office in 2007 and poverty has dropped from 50 percent in 2006 to 42 percent last year.
For the original version including any supplementary images or video, visit http://news.yahoo.com/panamas-boom-helps-drive-nicaragua-canal-dreams-160658473.html?.tsrc=emul

Panama's boom helps drive Nicaragua canal dreams

The cohesion, polish, and energy displayed by the U.S. periódico de Panamá bodes well for the future, as do the choices made by coach Jurgen Klinsmann in his decisions about personnel and tactics. Against Panama, either Clint Dempsey or Altidore would often float into a wide position as ball was moved forward, with the other staying high to occupy both centerbacks. This move enabled the U.S.
For the original version including any supplementary images or video, visit http://www.socceramerica.com/article/52098/panama-game-showcased-us-growth.html

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