Friday, March 7, 2014

Nicaragua's Constitution & New Canal?

Nicaragua has changed its constitution and will allow Daniel Ortega to run for his third consecutive term. In addition, they also eliminated the requirement for a candidate to receive at least 35 percent of the vote in order to wing presidential elections. They gave the president the power to issue decrees without the congress approval. The army will be allowed to help draft laws governing the country’s national records, computer databases, and telecommunications. All these changes are a big red flag for dictatorship. Nevertheless, the president Ortega is working with many Nicaragua’s business elite and the International Monetary Fund. Nicaragua will be building a $40 billion canal. It will be three times the length of the Panama Canal and largest infrastructure in project in the world. It will start next year and will be build by Wang Jing, a Chinese telecommunications billionaire. 
The canal will permit new cargo ships that currently can not go through the Panama Canal. It is said that besides the canal, there will be the construction of two airports, a pipeline, and a railroad.If these entire infrastructures were to be builded, it would facilitate transportation since trades are increasing rapidly. However, with the changes in the government it will be interesting how they would manage the canal. They might give preference to other countries whose government is left wing as well. 

German Beer "Foreign-Style"


“The German brewers making foreign-style beer,” the article by Stephen Evens talks about how the Reinheitsgebot—the country’s purity law—constrains the production of new flavoured beers. Many German brewers feel like they are stock with the same old flavours because the purity law does not allow cheap ingredients, such as rice, maize, sugar, fruits or anything artificial. According to the article, this has caused the drop in consumption of beer, especially among the younger generations and women. It is why Eric Toft, an American that went to study brewing, has been coming up with new flavoured beers without breaking the law. Mr Toft found a market that was not being satisfied and decided to experiment with hops from UK and US. It was a total success among women and young people in Italy. Although, 90% of the Germans say that they want to stick to the purity law, they are well aware that it makes it difficult for small breweries to stand out from the big ones.
Doing business in country that wants to stick to its traditions can be hard; however, because they are accustomed to the same old, same old, you can find a group that is tired and wants to try something new or something with a small twist.