{"id":63123,"date":"2022-07-23T11:43:28","date_gmt":"2022-07-23T16:43:28","guid":{"rendered":"https:\/\/olduvai.ca\/?p=63123"},"modified":"2022-07-23T11:43:28","modified_gmt":"2022-07-23T16:43:28","slug":"panamas-inflation-upheaval-causing-food-fuel-shortages","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=63123","title":{"rendered":"Panama&#8217;s Inflation Upheaval Causing Food, Fuel Shortages"},"content":{"rendered":"<header class=\"ArticleFull_header__Eyn7V\">\n<h3 class=\"ArticleFull_title__MEgbb\"><a href=\"https:\/\/www.zerohedge.com\/economics\/panamas-inflation-upheaval-causing-food-fuel-shortages\">Panama&#8217;s Inflation Upheaval Causing Food, Fuel Shortages<\/a><\/h3>\n<\/header>\n<div class=\"NodeContent_mainContent__t4rGu\">\n<div class=\"NodeContent_body__6iJOI NodeBody_container__hI8PI\">\n<p>It started as a teacher&#8217;s strike to protest the high cost of gas, but\u00a0<strong>it&#8217;s now the largest civil unrest in Panama since the end of dictator Manuel Noriega&#8217;s reign in 1989.\u00a0<\/strong><\/p>\n<p>With fiery roadblocks disrupting commerce and causing shortages of food, fuel and other supplies,<strong>\u00a0the Panamanian government has entered a new round of talks meant to placate the masses and avoid further economic damage,\u00a0<\/strong>which some assess at\u00a0<a href=\"https:\/\/www.voanews.com\/a\/new-talks-begin-in-bid-to-end-panama-economic-protests\/6669267.html\">$500 million and counting<\/a>.<\/p>\n<div class=\"twitter-tweet twitter-tweet-rendered\"><iframe id=\"twitter-widget-0\" class=\"\" title=\"Twitter Tweet\" src=\"https:\/\/platform.twitter.com\/embed\/Tweet.html?dnt=false&amp;embedId=twitter-widget-0&amp;features=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&amp;frame=false&amp;hideCard=false&amp;hideThread=false&amp;id=1550021960276525057&amp;lang=en&amp;origin=https%3A%2F%2Fwww.zerohedge.com%2Feconomics%2Fpanamas-inflation-upheaval-causing-food-fuel-shortages&amp;sessionId=2662729d25f2905b8e71120a4523ae0af45fc649&amp;siteScreenName=zerohedge&amp;theme=light&amp;widgetsVersion=6da0b7085cc99%3A1658260301864&amp;width=550px\" frameborder=\"0\" scrolling=\"no\" allowfullscreen=\"allowfullscreen\" data-tweet-id=\"1550021960276525057\" data-mce-fragment=\"1\"><\/iframe><\/div>\n<p>President Laurentino Cortizo had already made two major moves to quell the unrest, only for it to continue.<\/p>\n<p>On June 11, he\u00a0widened subsidies to extend a freeze on gas prices to all consumers, capping the price at\u00a0<a href=\"https:\/\/www.france24.com\/en\/live-news\/20220712-panama-government-reduces-fuel-prices-in-face-of-protests\">$3.95 a gallon<\/a>, which was 24% lower than the end-of-June price. He\u00a0also promised to pursue price caps on 10 basic goods, including\u00a0<a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2022-07-13\/fuel-price-freeze-fails-to-halt-panama-anti-inflation-protests?sref=6uww027M\">pasta, beef loin, vegetable oil and canned sardines<\/a>.<\/p>\n<p>With protestors demanding economy-wide price cuts and increased spending on\u00a0<a href=\"https:\/\/www.voanews.com\/a\/new-talks-begin-in-bid-to-end-panama-economic-protests\/6669267.html\">education and health care<\/a>, the demonstrations\u00a0continued, not only in the form of marches and strikes but also\u00a0<strong>roadblocks of major highways, including the internationally-critical Pan-American Highway.\u00a0<\/strong>The Panama Canal has thus far escaped disruption; strikes by canal workers are illegal.<\/p>\n<div class=\"twitter-tweet twitter-tweet-rendered\"><iframe id=\"twitter-widget-1\" class=\"\" title=\"Twitter Tweet\" src=\"https:\/\/platform.twitter.com\/embed\/Tweet.html?dnt=false&amp;embedId=twitter-widget-1&amp;features=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&amp;frame=false&amp;hideCard=false&amp;hideThread=false&amp;id=1549158477603414018&amp;lang=en&amp;origin=https%3A%2F%2Fwww.zerohedge.com%2Feconomics%2Fpanamas-inflation-upheaval-causing-food-fuel-shortages&amp;sessionId=2662729d25f2905b8e71120a4523ae0af45fc649&amp;siteScreenName=zerohedge&amp;theme=light&amp;widgetsVersion=6da0b7085cc99%3A1658260301864&amp;width=550px\" frameborder=\"0\" scrolling=\"no\" allowfullscreen=\"allowfullscreen\" data-tweet-id=\"1549158477603414018\" data-mce-fragment=\"1\"><\/iframe><\/div>\n<p>Last weekend, Cortizo announced a deal by which the government would\u00a0<a href=\"https:\/\/www.ft.com\/content\/951be09d-5a22-4de7-8c44-8fe11deb5cd6\">reduce the price of gas again<\/a>\u00a0&#8212; this time, to $3.25.\u00a0<strong>That price cut was offered in exchange for an assurance that the roadblocks would be cleared\u00a0<\/strong>while discussions of price relief on medicines and other essentials continued.<\/p>\n<p>However, on Monday,<strong>\u00a0<\/strong>leaders of the National Alliance for the Rights of the Peoples (<a href=\"https:\/\/www.newsroompanama.com\/news\/deal-collapses-but-gas-drops-to-325-a-gallon\">Anadepo<\/a>), a protestor coalition representing labor unions, civic organizations and indigenous people, announced\u00a0<strong>they were\u00a0<a href=\"https:\/\/www.newsroompanama.com\/news\/deal-collapses-but-gas-drops-to-325-a-gallon\">breaking<\/a>\u00a0their commitment,<\/strong>\u00a0saying they had\u00a0<a href=\"https:\/\/www.ft.com\/content\/951be09d-5a22-4de7-8c44-8fe11deb5cd6\">made the deal under pressure<\/a>. Some groups said they\u00a0<a href=\"https:\/\/www.voanews.com\/a\/new-talks-begin-in-bid-to-end-panama-economic-protests\/6669267.html\">weren&#8217;t represented<\/a>\u00a0in the negotiations.<\/p>\n<p>\u2026click on the above link to read the rest of the article\u2026<\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Panama&#8217;s Inflation Upheaval Causing Food, Fuel Shortages It started as a teacher&#8217;s strike to protest the high cost of gas, but\u00a0it&#8217;s now the largest civil unrest in Panama since the end of dictator Manuel Noriega&#8217;s reign in 1989.\u00a0 With fiery roadblocks disrupting commerce and causing shortages of food, fuel and other supplies,\u00a0the Panamanian government has [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2,3,6,7],"tags":[2132,4052,15792,13634,657,4318],"class_list":["post-63123","post","type-post","status-publish","format-standard","hentry","category-economics","category-energy-2","category-liberty","category-survival-2","tag-civil-unrest","tag-food-shortages","tag-fuel-shortages","tag-panama","tag-protests","tag-zerohedge"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/63123","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=63123"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/63123\/revisions"}],"predecessor-version":[{"id":63124,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/63123\/revisions\/63124"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=63123"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=63123"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=63123"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}