Posted on 07/12/2022 1:00:01 PM PDT by dynachrome
Hundreds of people protested Monday against price hikes and corruption in Panama, protests that led the country’s president, Laurentino Cortizo, to announce the reduction or freezing of the price of gasoline and several products of the basic food basket.
“I understand the dissatisfaction of the various sectors for the situation we are living caused by the effects of the pandemic and the consequences of the conflict in Ukraine”, said Cortizo in a message to the country.
For this reason, the president informed that the price of a gallon (3.78 liters) of fuel will now cost “3.95 (dollars) for private vehicles at national level as of July 15”, he added. A gallon of gasoline cost US$5.17 at the end of June.
This measure had already benefited public transportation since May. Panama is facing its second week of protests due to the increase in fuel prices, which from January to July had risen 47%.
Cortizo also informed that his government will prepare a decree to freeze the price of a dozen products of the basic food basket.
However, some unions have announced that demonstrations will continue until the price of a gallon does not drop below $3.00 and there is no generalized price reduction.
(Excerpt) Read more at ticotimes.net ...
"The roadblocks have caused hundreds of people to be stranded for hours on the Interamerican highway, a basic route for the transportation of food and goods throughout the country.
Inflation “means that less and less people can live in dignity,” said Saúl Méndez, secretary general of the construction union Suntracs, the country’s largest.
According to Méndez, in order for citizens to recover purchasing power, the prices of medicines, food, electricity and fuel must be lowered and frozen, in addition to a general increase in salaries."
Next week: “Hundreds of thousands of Panamanians protest fuel shortages.”
Yeah, that’ll work.............................
Yup.
I think there is some canal that runs thru that area.
Coming here soon...but I hope not.
Yeah, it’s run by the Chinese...........................
Klaus Schwab does not allow deviance from the plan....
Will not be happy.
Get a ship stuck/sunk in there like the one in the Suez Canal....
We depend on that canal being open, so we would not want to do that................
H’mm. He’s blaming the covid hoax and Russia, Russia, Russia.
If this works out then the good people of Panama should protest the high heat and humidity and have their president put a lid on those as well.
China bank collapse under way; Saudi Arabia distances from the petro dollar to join BRICS monetary order https://www.naturalnews.com/2022-07-12-china-bank-collapse-under-way-saudi-arabia-distances-from-the-petro-dollar-to-join-brics-monetary-order.html
Who’s we round eye?
Right, just as we saw during the Nixon era, price & wage controls work. /s
Price controls cause shortages. Basic Economics 101.
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