Martinelli in serious money trouble

Martinelli faces a deficit of $2.5 billion on a $15 billion budget. With $4.5 billion disappearing into the black hole called "corruption" and Panamanians willing to riot to prevent him from selling off state assets, the supermarket baron is effectively out of funding.

Panama goes for investment grade

Panama goes for "investment grade". That means that we're terribly sorry, but the schools here will continue to suck like, forever, and the old and the needy will become more old and more needy.