Shifting tides of Panama real estate echo Miami trends

PANAMA CITY, Panama — As a real estate agent shows off a model apartment — white leather sectional, stainless steel appliances, open concept, ocean views — in the 59-story Yacht Club Tower, and touts its fitness center and pool deck designed to mimic a ship floating on the sea, he makes a telling statement:

“We tried to emulate the Miami style in this building.”

Approaching this Central American capital from the air, the first thing a traveler notices is a skyline on steroids — gleaming towers jutting skyward like so many pickets on a fence. There’s even a Trump high-rise here — the sail-shaped 72-story Trump Ocean Club International Hotel & Tower. And it’s not uncommon for those active in Miami real estate and development circles to try their luck in Panama or move back and forth between the markets.

Although Miami is nearly 1,200 miles from Panama City, the real estate markets of the two cities share certain similarities. Both went through booms and overbuilding and then had way too many empty condominiums. Wealthy Latin American buyers were a salvation in both cities when traditional segments of the market fell off.

“Now that things are starting to pick up in the States, they are picking up here too. Now that there’s not as much economic uncertainty in the United States, people feel more confident about Panama too,’’ said Morris Hafeitz, general manger of Emporium Developers. He used to work in Miami as a project manager for Odebrecht, the Brazilian conglomerate.

Now Hafeitz is trying to sell Allure at the Park, a 50-story building Emporium developed in Panama City’s Bella Vista neighborhood. The building is chock full of amenities — gym, teenage game room, adult lounge, toddler playroom, pool, squash court and even miniature golf on the roof — but one of its main selling points is that it overlooks a park and two low-rise historic buildings. “In the heart of the city without the hassles of the city,’’ said Hafeitz.

During the boom, many buildings in central Panama City went up practically on top of each other. “In the beginning of the boom there were no regulations on density,’’ said Mauricio Saba, a project manager at Zoom Development in Panama City and another Miami real estate alum. “I have a friend who said he could watch his neighbor’s TV from his balcony.’’

Margarita Sanclemente, a Miami real estate broker with offices in Panama City and New York, has seen it all — the boom, the irrational building and the slowdown — and has stuck with the Panamanian market.

She first ventured into Panama in 2005. The Panamanian real estate market, which had been sluggish for more than a decade, was undergoing a rebirth and Americans, lured by low prices and the low cost of living, were snapping up properties.

The sweet spot was the 1,000 to 1,500-square-foot apartment, sans maid’s quarters, which appealed to retirees from Canada and the United States, she said.

That was back when Americans still believed you couldn’t go wrong with real estate. “Some of the buyers didn’t even see the units. We sold them by phone,’’ Sanclemente said. Condo prices at new buildings such as Destiny averaged $98 to $120 per square foot. She herself bought a 1,000 square foot, one bedroom condo for $123,000 back in 2005.

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Rubio, Earth and the Elections Industrial Complex

MiamiHerald.com/columnists

Don’t let the calendar fool you. It’s already 2016.

Like it or not, the Elections Industrial Complex has unofficially declared it so.

We are in a state of constant campaigns brought to you by the political-consultant class, polarizing bloggers, cable TV personalities and the ubiquitous partisan trolls who patrol Twitter in search of the latest outrage.

And they’re eying and arguing nonstop over people like Marco Rubio, Florida’s junior senator.

In the week leading up to and including Election Day, Rubio garnered about 304 media mentions, according to a news-clip search in the Nexis database. In the week after: 780 mentions – a 160 percent increase.

It won’t let up. Rubio will be a key surrogate in the mid-term elections in 2014 and he’ll play a major role in the next presidential election.

The first wave of post-election Rubio-related stories was fairly predictable, premised on the whither-the-GOP storyline after President Obama won a second term. As the most high-profile Hispanic Republican, Rubio was indispensible to a narrative about attracting minority support. His name was repeatedly mentioned as a 2016 presidential hopeful.

It didn’t hurt that Rubio, 11 days after the election, attended a birthday fundraiser for the governor of Iowa, site of the first GOP presidential caucuses four years hence.

Rubio actually accepted the invitation months before, during the Republican National Convention in Tampa. He expected Mitt Romney would actually have won the presidential contest Nov. 6, so Rubio’s attendance in Iowa wouldn’t have looked like a premature bid for national office.

This context got nary a mention in the Elections Industrial Complex. It didn’t fit the narrative. So it was discarded or never pondered by some. The Elections Industrial Complex thrives off conflict, contradictions and gaffes. It minimizes similarity and nuance in the cracked looking glass of our politics.

And Rubio has happily obliged.

On Nov. 19, GQ Magazine published an interview with Rubio in which he gave a rambling answer to an out-of-the-blue question about the age of the Earth:

“I’m not a scientist, man. I can tell you what recorded history says, I can tell you what the Bible says, but I think that’s a dispute amongst theologians and I think it has nothing to do with the gross domestic product or economic growth of the United States. I think the age of the universe has zero to do with how our economy is going to grow. I’m not a scientist. I don’t think I’m qualified to answer a question like that. At the end of the day, I think there are multiple theories out there on how the universe was created and I think this is a country where people should have the opportunity to teach them all. I think parents should be able to teach their kids what their faith says, what science says. Whether the Earth was created in 7 days, or 7 actual eras, I’m not sure we’ll ever be able to answer that. It’s one of the great mysteries.”

The comment exploded like a Rorschach ink-blot. Partisans saw what they wanted.

To the left, it was evidence that Rubio’s a knuckle-dragging fundamentalist or a panderer to them. To the right, the ensuing controversy was evidence of the Godlessness of the left.

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Jamie Chung Once Upon A Time Interview

Like many actors before her, Jamie Chung cut her teeth working on a soap opera. And like many actors before her, that 2007 Days of Our Lives entry on her resume has been forever eclipsed by her work alongside actors like Bradley Cooper, Russell Crowe, Joseph Gordon-Levitt and for directors like Zack Snyder, Todd Phillips and David Koepp.

Now, Chung is busier than ever, playing Mulan on ABC's Once Upon A Time, reprising her role in the final Hangover film and suiting up for Sin City 2. ETonline caught up with Chung to talk about all these projects and discovered the personal mantra that led to all of them.

ETonline: What appealed to you about playing Mulan on Once Upon A Time?

Jamie Chung: Well, it's just an incredible show. It is so bizarre and nuts and wonderful, and to be a part of the fairytale storyline with the two female leads, who I just adore, has been so fun. almost every other week I got to roll in the hay with Ginnifer Goodwin. I love that although there's a reference point for my character, you still have the freedom to make up a story. To play this strong female woman warrior, who is fun and a tough ass but loyal like a samurai is so fun to play.

RELATED - Once Star Previews Red's Rough Road

ETonline: We know Mulan's backstory from other sources, but will we see any of that on OUAT?

Chung: You'll see a snippet of her past. Everything ties in very nicely this season, I'll say that.

ETonline: What are you excited for the fans to see this season?

Chung: I can't give away a lot, but it gets stranger and darker. People are going to think we're a cable show with how dark it gets. The dream [that Henry and Aurora share] is hugely important to the rest of the season. We discover that we can use to our benefit – but then, whatever can be used for good can also be used for evil. That's a big theme in the next two episodes. What was once good can be used for evil, and vice versa. It's really important to keep that in mind over the next two weeks.

ETonline: You've played a string of very physically capable women. Are you more drawn to physical roles or is that just how things have shaken out?

Chung: It's so interesting. I do feel more confident in a scene when my character has a weapon. You're much more aware of what your body is capable of doing: how fast you can run, how hard you can hit, how quickly you can evade a punch. You're so much more conscious of that, and that confidence makes all the difference. Yeah, it can give you a false sense of confidence in real life, but I have no intentions of getting in a bar fight [laughs].

ETonline: You've also stepped in for a pregnant Devon Aoki to play Miho in Sin City 2. With its stunt work and greenscreen filming, I kind of feel like all your other roles have kind of prepared you for this part.

Chung: That's so true. And Robert [Rodriguez, director] is really taking it to the next level. In terms of technology, there's so much more for him to play with. Robert is such a creative man. His work process is so fascinating to me. There's not much time to prep. You get up there and he says do it and you just do it. It's by the far the most physical role I've ever done. I'm in action hero heaven!

FIRST LOOK PHOTOS: The Hangover - Part III

ETonline: And then you've also got The Hangover Part III -- how does the finale stack up?

Chung: It has the spirit of the first two Hangover movies, but it's much more different. The fans are going to love it.

ETonline: In general, are you someone who meticulously plans their career or just operates on a role-to-role basis?

Chung: I don't plan too far ahead, it really is one script to the next. I'm such a scrapper, I'll take whatever comes my way. That's why I get a lot of leftovers. But when those leftovers are Sin City 2, I won't complain. The goal is to constantly create and keep moving – if you have movement going forward and hopefully the work will be there to match your desires.

Once Upon A Time airs Sundays at 8 p.m. on ABC.

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No way out: 112 killed in fire at 'high risk' Bangladesh garment factory

AP

Bangladeshis and firefighters battle a fire at a garment factory in the Savar neighborhood in Dhaka, Bangladesh,where more than 100 workers were killed Saturday.

DHAKA, Bangladesh — At least 112 people were killed in a fire that raced through a multi-story garment factory just outside of Bangladesh's capital, Dhaka, an official said Sunday.

The blaze broke out late Saturday at the eight-story factory operated by Tazreen Fashions Ltd., a subsidiary of the Tuba Group, which supplies Walmart and other major retailers in the U.S. and Europe.

By Sunday morning, firefighters had recovered 100 bodies, fire department Operations Director Maj. Mohammad Mahbub told The Associated Press. He said another 12 people who had suffered injuries after jumping from the building to escape the fire later died at hospitals. The death toll could rise as the search for victims was continuing, he said.

Local media reported that up to 124 people were killed in the fire. The cause of the blaze was not immediately clear, and authorities have ordered an investigation.

Army soldiers and paramilitary border guards were deployed to help police keep the situation under control as thousands of onlookers and anxious relatives of the factory workers gathered at the scene, Mahbub said. He would not say how many people were still missing.

Tazreen was given a "high risk" safety rating after May 16, 2011, audit conducted by an ethical sourcing assessor for Wal-Mart, according to a document posted on the Tuba Group's website. It did not specify the conditions or violations that led to the rating.

A spokesman for Wal-Mart said online documents indicating that the factory received an orange or "high risk" assessment after the May 2011 inspection and a yellow or "medium risk" report after an inspection in August 2011 appeared to pertain to the factory where the fire occurred.

The August 2011 letter said Wal-Mart would conduct another inspection within one year. Spokesman Kevin Gardner said it was not clear if that inspection had been conducted, or if the factory was still making products for Wal-Mart.

If a factory is rated "orange" three times in a two-year period, Wal-Mart won't place any orders for one year. The May 2011 report was the first orange rating for the factory.

There was no indication whether the violations had been fixed since the May inspection. Neither Tazreen's owner nor Tuba Group officials could be reached for comment.

AP

Smoke billows out of the building as firefighters try and bring equipment to bear.

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Is the electric car dying again?

A second administration of President Barack Obama will be forced to revisit the issue of subsidies for renewable energy and, with it, those for electric vehicles. Despite the millions of dollars spent on government incentives, marketing and promotion, sales of fully electric cars are well below projected targets. Investment in vehicle charging infrastructure also has fallen victim to budget cutbacks, limited usage and concern over the return on money spent.

Indeed, only last month, a leading automotive battery manufacturer, A123 Systems, was forced to declare bankruptcy. And the founder and CEO of Better Place, Shai Agassi, whose company (in which I was employed) promotes all-electric vehicles with batteries that can be both charged and replaced, was himself replaced due to low sales figures and high capital expenses arising from the deployment of battery-switching stations.

As a result, the question is now being raised: Are we again bearing witness to the death of the electric car?

Any such conclusion over the longer term may be premature. With declining costs and gradually improving technologies that can extend battery range beyond its current limitations, the electric car continues to hold promise. Rising gasoline prices and potential disruptions in oil supply favor alternative sources of energy.

To achieve mass market adoption, however, cars running on electricity — or any other alternative energy source — must satisfy the three “C’s”: cost, convenience and connectivity.

Few buyers are able or willing to pay more for a car running on clean energy unless the upfront cost of the car roughly equals or is below its carbon-powered alternative. Advertised savings over time in powering a car using alternative “fuels” so far have failed to persuade the average driver to buy. And while government subsidies play a role in reducing initial costs to consumers, such incentives so far have not been sufficient to attract large numbers of drivers to switch to electric vehicles.

Cars driven solely or partially by electricity or other alternative energies also must be at least as convenient as those powered exclusively by internal combustion engines. Drivers appear unwilling to sacrifice the expected hundreds of miles in driving range between refuelings. Likewise, drivers demand refueling times equal to what they are accustomed — about five minutes at the gasoline station.

Further, there must be adequate infrastructure in place to enable large numbers of drivers to connect to an alternative energy source before that source can be widely adopted. While a scattering of drivers simultaneously connecting to a power grid may not have much impact, large numbers of drivers doing so can cause major power outages that escalate absent the real-time balancing of energy loads across the network. Moreover, the environmental impact of the connected cycle between car and infrastructure, often referred to as the “well-to-wheel” balance, has to result in less pollution overall for alternative energy vehicles to achieve significant market traction.

Until the fully electric car can satisfy all three C’s, any assessment of projected vehicle sales must reflect a variety of energy sourcing options, both traditional and alternative, all competing for market share.

Gasoline and diesel likely will remain the predominant source of energy in the foreseeable future for new car buyers, with hybrid vehicles that run on both petroleum and alternative energy sources taking an increasingly larger share of the market. Although more costly than pure gasoline-driven cars, hybrids do offer a more environmentally friendly solution and provide the driving range demanded by car buyers.

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Miami-Dade Police: One dead, one wounded in Friday night shooting

Miami-Dade homicide detectives are investigating a Friday night shooting that killed one man and sent another to a hospital.

The shooting started about 8:11 p.m. in the area of 17th Avenue and Northwest 92nd Street in West Little River, according to police. People began arguing and then fighting, and then “several shots were fired,” according to a police statement.

One victim, a 22-year-old man, was killed at the scene of the shooting. A second, 40-year-old man was taken to Jackson Memorial Hospital’s Ryder Trauma Center, where police said he is listed in critical condition. Neither man has been identified.

Police are searching for the shooter.

Anyone with information should call Miami Dade CrimeStoppers at 305-471-8477.

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Russia blames technical error for brief YouTube blacklisting

MOSCOW (Reuters) – Russian officials offered assurances they were not seeking to block access to YouTube on Wednesday, saying a technical error caused the popular video-sharing website to appear briefly on a register of sites containing banned content.

For about an hour, YouTube was listed on the newly-created register, which the government says is needed to fight child pornography but critics of President Vladimir Putin fear may be used to censor the Internet and stifle dissent.

YouTube was subsequently removed from the register, maintained by Russia‘s communications watchdog agency, Roskomnadzor, which said there was no plan to block access to the site.

“An unfortunate technical mistake occurred,” Roskomnadzor spokesman Vladimir Pikov said. “We work closely with them (YouTube). Basically, we see no reason now to apply towards its owners any preventive measures.”

Russia’s consumer protection rights watchdog, Rospotrebnadzor, said YouTube took down several videos earlier this week as requested by officials under the new law tightening Internet controls that took effect on November 1.

The blacklist includes websites containing pornographic images of children, instructions on how to make, use and where to get drugs, as well as others describing suicide methods.

Under the legislation, websites have three days to remove content considered harmful or illegal by Russian authorities before they can be blocked.

YouTube is owned by U.S.-based Google Inc..

A spokeswoman for Google in Russia, Alla Zabrovskaya, said all requests from the authorities are handled by the company’s global headquarters in the United States.

Anti-Putin activists, who have used the Internet to organize demonstrations, say the law is part of a crackdown on dissent orchestrated by the Kremlin since Putin, a former KGB spy, returned to presidency in May.

After a stint as prime minister, Putin was elected to a third presidential term in March after a series of opposition protests that were the biggest of his 13-year rule.

(Additional reporting by Maria Tsvetkova and Anastasia Teterevleva; Editing by Steve Gutterman and Sophie Hares)

Internet News Headlines – Yahoo! News

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Larry Hagman Dies

Larry Hagman, best known for playing Dallas villain J.R. Ewing, died Friday morning from complications stemming from his recent battle with cancer.

He was 81 years old.

Video: Larry Hagman Talks 'Dallas', Cancer and Veganism

"Larry was back in his beloved Dallas, re-enacting the iconic role he loved most," his family said in a statement via The Dallas Morning News. "When he passed, he was surrounded by loved ones. It was a peaceful passing, just as he had wished for. The family requests privacy at this time."

Hagman's rep says the late actor will be cremated.

His Dallas co-stars Linda Gray (who played his wife Sue Ellen) and Patrick Duffy (who played his brother Bobby) were reportedly at his bedside when he died, The Sun is reporting.

"Larry Hagman was my best friend for 35 years. He was the Pied Piper of life and brought joy to everyone he knew," Gray told ET in a statement. "He was creative, generous, funny, loving and talented, and I will miss him enormously. He was an original and lived life to the fullest ... The world was a brighter place because of Larry Hagman."

Victoria Principal, who played Pamela Barnes Ewing, added, "Larry was bigger than life ... on screen and off. He is unforgettable, and irreplaceable, to millions of fans around the world, and in the hearts of each of us, who was lucky enough to know and love him. Look out God ... Larry's leading the parade."

Video: J.R. Menaces in New 'Dallas'

Hagman, who also starred as Air Force Captain Anthony Nelson in I Dream of Jeannie, was last seen on television in TNT's Dallas reboot, where he returned to play his most well-known character.

"Larry Hagman was a giant, a larger-than-life personality whose iconic performance as J.R. Ewing will endure as one of the most indelible in entertainment history," Warner Bros., Dallas executive producers Cynthia Cidre and Michael M. Robin, and the show's cast and crew said in a statement. "He truly loved portraying this globally recognized character, and he leaves a legacy of entertainment, generosity and grace. Everyone at Warner Bros. and in the Dallas family is deeply saddened by Larry's passing, and our thoughts are with his family and dear friends during this difficult time."

"It was truly an honor to share the screen with Mr. Larry Hagman," Dallas reboot star Jesse Metcalfe, who plays Christopher Ewing, said in a statement. "With piercing wit and undeniable charm he brought to life one of the most legendary television characters of all time. But to know the man, however briefly, was to know a passion and dedication for life and acting that was profoundly inspirational."

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Confidential Nassau County police documents — including info on undercover cops — used as confetti in Macy's parade

Red-faced Nassau County officials are investigating how confidential police documents — which contained arrest records, social security numbers, and information about undercover officers — was tossed from windows as confetti during Thursday's Macy's Thanksgiving Day Parade in Midtown.

WPIX reports that paradegoers at the annual event were stunned when the poorly-shredded documents landed on city streets, with the sensitive information still clearly visible despite being cut into strips.

Among the information that could be easily seen included details of Mitt Romney's motorcade during a visit to Long Island, arrest records, and the identities, social security numbers and birth dates of Nassau County police detectives — some of whom appear to be undercover cops, the station reported,

Nassau County police spokesman Inspector Kenneth Lack told the station that the department "is very concerned about this situation" and has launched an investigation.

Macy's told the station that whoever threw the confetti did it on their own: The parade uses "commercially manufactured, multicolor confetti, not shredded paper," Macy's said.

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For Miami, new cruise ships a cause for celebration

Miami’s ship has come in. And it looks more like a fleet.

The Carnival Breeze, which starts regular sailings from its new year-round home Saturday, will be joined Thursday by Oceania Cruises’ Riviera and Dec. 1 by Celebrity Reflection. All three launched earlier this year in Europe and make their U.S. debut in Miami.

After a three-year dry stretch that saw no shiny new vessels mooring in Miami’s waters — and years of efforts to draw new operators coupled with millions spent on upgrades — the port is touting its biggest expansion ever with the three new ships as well as three new cruise lines signing on for this season and next.

“You want your newest ships to have the newest facilities, and that’s what Miami has done,” said Miami cruise expert Stewart Chiron, CEO of CruiseGuy.com.

Regent Seven Seas Cruises moved its ships from Port Everglades in Fort Lauderdale to Miami, and Disney Cruise Line will sail for the first time from Miami starting in late December. Next year, MSC will bring its newest ship, Divina, to Miami after previously sailing from Fort Lauderdale.

And Miami-based Norwegian Cruise Line, which reignited the parade of new ships in 2010 with the Norwegian Epic, is bringing the 4,000-passenger Norwegian Getaway in January 2014 to Miami, where it will sail year-round.

“I never, ever would have considered going anywhere else, because we are a Miami company and we really believe that means something,” said Kevin Sheehan, Norwegian’s president and CEO.

That hasn’t always been the universal sentiment. Nearly six years ago, the port was under fire for a history of inefficiency and sub-par facilities. In late 2007, Royal Caribbean chose Port Everglades in Fort Lauderdale as homeport for Oasis and Allure of the Seas, the world’s largest cruise ships — despite having a Miami headquarters.

The presence of those giant ships has meant some other cruise lines felt the squeeze, and a couple, like Regent Seven Seas Cruises and MSC Cruises, have opted to move south.

“Once upon a time, Port Everglades was known as the boutique cruise ship port,” said Frank Del Rio, chairman and CEO of Prestige Cruise Holdings, parent company of Oceania and the luxury Regent Seven Seas. “Now Port Everglades is the megaship port. We’re the antithesis of megaships.”

But Chiron said the moves aren’t necessarily a negative for Fort Lauderdale’s port.

“These ship movements and repositionings, all it’s really doing is opening up both ports for really bright future opportunities,” he said.

Port Everglades has grown its multiday cruise passenger numbers from about 2.6 million in fiscal 2008 to an expected more than 3.6 million on 45 ships in fiscal year 2012. By comparison, PortMiami’s passenger numbers have grown from about 3.8 million in 2008 to what is expected to be more than 4 million with 26 ships at the peak for the current fiscal year.

For its part, Port Everglades continues to invest in upgrades, recently finishing the $54 million reconstruction of four cruise terminals under a 2010 agreement with Carnival Corp. for brands including Holland America Line, Seabourn and Princess Cruises.

The investments go on at PortMiami as well, where director Bill Johnson, who took the job in 2006, listened to criticism that Miami hadn’t done enough to support the cruise industry. In the last few years, the port built a pair of terminals for Carnival for about $100 million. Since those terminals opened about four years ago, the port will have spent and continues to spend $70 million more in improvements, Johnson said.

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