Here in Panama the news just keeps getting better & better -

The monumental effort of widening the Panama Canal is expected to be completed in 2014.  Once the widening is completed container ships known as Post PanaMax ships will be able to transit the new and improved eighth wonder of the world.  With a subsequent blog post I will provide you with some examples of the amount of new revenue that will come to Panama and (citizens of the USA please make note) the Republic of Panama is creating a Sovereign Fund to collect the additional revenue when the new locks come into operation.  This new Sovereign Fund will help ensure that the budgets are balanced and without deficit (What a Concept!) AND the management of The Sovereign Fund will be totally independent of the government.
Source: Padigital.com.pa
Monday, August 1, 2011

The fund will collect the additional revenue generated by the Panama Canal when the new locks come into operation.

Alberto Vallarino, Minister of Economy and Finance, explained that it will function as a stabilization fund, ensuring that budgets are balanced  and without deficit, adding that its management will be totally independent from the government.These types of funds are commonly used in countries with large surpluses of income, such as oil-producing nations and Singapore.An article in Panamaamerica.com.pa states that “Among Latin American countries the model that the government finds most appealing at the moment is Chile’s, which is closely related to Panama,” and also “they are evaluating the structure of the fund Norway is currently employing. ”  So come to Panama and turn your frown upside down.