Americans visiting Panama: Don’t forget your VISA!
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Monday, June 29, 2009
Thursday, June 18, 2009
Cheapest Places for Americans to Live Abroad
When considering the cheapest places to live abroad it is insufficient to just look at cost of living indexes - real estate, taxation, health care, accessibility, are a few other considerations to be keep in mind.
This article has been written to answer a question asked by many Americans reaching retirement as well as younger people seeking to escape the rat race. It seems that there are many US citizens seeking an affordable overseas destination in which to live and work or retire and there are many options available to them.
Countries such as Mexico, Panama and Belize are well known as lower cost locations for US citizens seeking an affordable overseas location. All have very low costs of living, low real estate costs and low or no taxation. Naturally enough all of these factors make the destinations favourites of ours too! But when it comes to younger Americans in search of a cheaper country in which to live many struggle to find decent employment or education for their children in Mexico, Panama or Belize. One option for some might be teaching jobs overseas for Americans but this is not a option for some unless they have a degree.
Healthcare is a major concern for retiree Americans abroad whether they remain at home or move abroad; those who have been signed up to a particular health insurance provider for many years may find that they are able to maintain payments into retirement and even extend cover to the overseas country in which they choose to live as well. Alternatively, once an individual becomes non-resident in the US they will find that their expat health insurance costs usually fall dramatically and sometimes healthcare is actually free – so affording healthcare abroad needed be restrictively expensive – one just has to do a certain amount of research into which providers cover which countries and how much one will have to pay for the necessary level of health cover.
Americans of working age who are looking for overseas jobs and a good country in which to live and work don’t necessarily need to look too far from home. A growing number of US citizens are choosing to move north to Canada where real estate can be cheaper, taxation can be lower, healthcare is far cheaper and the standard of living as high as in America. Canada has welcomed a new generation of Americans who generate their income via the internet and who can effectively live anywhere in the world for example.
For those simply looking to reduce their taxation burden tax free countries like Dubai, Saudi Arabia and Qatar may appeal – although the US IRS like to keep tabs on all their citizens’ earnings no matter where in the world they live!
Eastern Europe is emerging as a destination of choice for some of the more pioneering Americans who want affordable real estate, a low cost and nice standard of living. Countries like Poland, the Czech Republic, Latvia, Croatia and Romania all have emerging economies and real estate markets and are working hard to attract foreign investment – whether direct investment or in the form of welcoming expatriates to live and even work among them.
In conclusion, the cheapest places to consider for Americans living abroad are plentiful in number and an individual’s choice will ultimately be dictated by many personal factors. The internet is probably the best place to begin a search for new horizons and anyone thinking about moving abroad should write their own ‘destination must have’ checklist to enable them to find the best countries available that fulfil all criteria and meet all objectives. Amazon have a whole range of books dedicated to retiring abroad as well and those who don’t want to buy the books online can at least read about the titles before ordering them from the library!
This article has been written to answer a question asked by many Americans reaching retirement as well as younger people seeking to escape the rat race. It seems that there are many US citizens seeking an affordable overseas destination in which to live and work or retire and there are many options available to them.
Countries such as Mexico, Panama and Belize are well known as lower cost locations for US citizens seeking an affordable overseas location. All have very low costs of living, low real estate costs and low or no taxation. Naturally enough all of these factors make the destinations favourites of ours too! But when it comes to younger Americans in search of a cheaper country in which to live many struggle to find decent employment or education for their children in Mexico, Panama or Belize. One option for some might be teaching jobs overseas for Americans but this is not a option for some unless they have a degree.
Healthcare is a major concern for retiree Americans abroad whether they remain at home or move abroad; those who have been signed up to a particular health insurance provider for many years may find that they are able to maintain payments into retirement and even extend cover to the overseas country in which they choose to live as well. Alternatively, once an individual becomes non-resident in the US they will find that their expat health insurance costs usually fall dramatically and sometimes healthcare is actually free – so affording healthcare abroad needed be restrictively expensive – one just has to do a certain amount of research into which providers cover which countries and how much one will have to pay for the necessary level of health cover.
Americans of working age who are looking for overseas jobs and a good country in which to live and work don’t necessarily need to look too far from home. A growing number of US citizens are choosing to move north to Canada where real estate can be cheaper, taxation can be lower, healthcare is far cheaper and the standard of living as high as in America. Canada has welcomed a new generation of Americans who generate their income via the internet and who can effectively live anywhere in the world for example.
For those simply looking to reduce their taxation burden tax free countries like Dubai, Saudi Arabia and Qatar may appeal – although the US IRS like to keep tabs on all their citizens’ earnings no matter where in the world they live!
Eastern Europe is emerging as a destination of choice for some of the more pioneering Americans who want affordable real estate, a low cost and nice standard of living. Countries like Poland, the Czech Republic, Latvia, Croatia and Romania all have emerging economies and real estate markets and are working hard to attract foreign investment – whether direct investment or in the form of welcoming expatriates to live and even work among them.
In conclusion, the cheapest places to consider for Americans living abroad are plentiful in number and an individual’s choice will ultimately be dictated by many personal factors. The internet is probably the best place to begin a search for new horizons and anyone thinking about moving abroad should write their own ‘destination must have’ checklist to enable them to find the best countries available that fulfil all criteria and meet all objectives. Amazon have a whole range of books dedicated to retiring abroad as well and those who don’t want to buy the books online can at least read about the titles before ordering them from the library!
Tuesday, September 9, 2008
Panama's ruling party picks woman for President
Panama's ruling party has chosen a female former Cabinet minister as its presidential candidate for elections in May, party officials said Monday.
If Balbina Herrera wins, she would be the country's second female president, following Mireya Moscoso, widow of former President Arnulfo Arias, who was elected in 1999.
Herrera, a 53-year-old former housing minister under current President Martin Torrijos, defeated Panama City Mayor Juan Carlos Navarro in the Democratic Revolutionary Party primary held Sunday.
While full results won't be ready for several days, party official Carlos Gonzalez said Monday that Herrera won with a 10 percent lead over Navarro. She will officially be named the candidate later this week at a party event in the capital.
Herrera promises to continue Panama's strong economic growth, with more professional and working-class jobs.
Early polls show Herrera running a close race with Ricardo Martinelli, who owns a chain of supermarkets. Martinelli, who founded the Democratic Change Party, is making his second run for the presidency.
Since a U.S. invasion ended Manuel Noriega's military dictatorship in 1989, only Herrrera's party and the Panamanian Party have won the presidency.
But the Panamanian Party candidate, Juan Carlos Varela, is running a distant third in recent polls. The 45-year-old comes from a family that produces Panama's most popular rums.
Torrijos, who earned an economics degree at Texas A&M University, was elected in 2004. He is the son of former strongman Omar Torrijos, who died in a 1981 plane crash.
Under Panama's law, presidents can only serve one term.
Monday, August 25, 2008
More Good Reasons to Escape to Panama
The Daily Reckoning PRESENTS: The feeble American response to Russia’s assertion of power in the Caucasus of Central Asia was appropriate, since, according to James Howard Kunstler, the United States’ claims of influence in that part of the world are laughable. Read on...
REALITY BITES AGAIN by James Howard Kunstler
The U.S. had taken advantage of temporary confusion in Russia, during the ten-year-long post-Soviet-collapse interval, and set up a client government in Georgia, complete with military advisors, sales of weapons, and even the promise of club membership in the Western alliance known as NATO. These blandishments were all in the service of the Baku-to-Ceyhan oil pipeline, which was designed specifically to drain the oil region around the Caspian Basin with an outlet on the Mediterranean, avoiding unfriendly nations all along the way.
At the time this gambit was first set up, in the early 1990s, there was some notion (or wish, really) among the so-called western powers that the Caspian would provide an end-run around OPEC and the Arabs, as well as the Persians, and deliver all the oil that the US and Europe would ever need – a foolish wish and a dumb gambit, as things have turned out.
For one thing, the latterly explorations of this very old oil region – first opened to drilling in the 19th century – proved somewhat disappointing. U.S. officials had been touting it as like unto “another Saudi Arabia” but the oil actually produced from the new drilling areas of Kazakhstan, Turkmenistan, and the other Stans turned out to be preponderantly heavy-and-sour crudes, in smaller quantities than previously dreamed-of, and harder to transport across the extremely challenging terrain to even get to the pipeline head in Baku.
Meanwhile, Russia got its house in order under the non-senile, non-alcoholic Vladimir Putin, and woke up along about 2007 to find itself the leading oil and natural gas producer in the world. Among the various consequences of this was Russia’s reemergence as a new kind of world power – an energy resource power, with the energy destiny of Europe pretty much in its hands. Also, meanwhile, the USA had set up other client states in the ring of former Soviet republics along Russia’s southern underbelly, complete with U.S. military bases, while fighting active engagements in Iraq and Afghanistan. Now, if this wasn’t the dumbest, vainest move in modern geopolitical history!
It’s one thing that U.S. foreign policy wonks imagined that Russia would remain in a coma forever, but the idea that we could encircle Russia strategically with defensible bases in landlocked mountainous countries halfway around the world...? You have to ask what were they smoking over at the Pentagon and the CIA and the NSC?
So, this asinine policy has now come to grief. Not only does Russia stand to gain control over the Baku-to-Ceyhan pipeline, but we now have every indication that they will bring the states on its southern flank back into an active sphere of influence, and there is really not a damn thing that the U.S. can pretend to do about it.
We could have spent the past ten years getting our own house in order – waking up to the obsolescence of our suburban life-style, scaling back on the Happy Motoring, reconnecting our cities with world-class passenger rail, creating wealth by producing things of value (instead of resorting to financial racketeering), protecting our borders, and taking the necessary measures to defend and update our own industries. Instead, we pissed our time and resources away. Nations do make tragic errors of the collective will. The cluelessness of George Bush is nothing less than a perfect metaphor for the failure of a whole generation. The Boomers will be identified as the generation that wrecked America.
So, as the vacation season winds down, this country greets a new reality. We miscalculated in Western and Central Asia. Russia still “owns” that part of the world. Are we going to extend our current land wars there into the even more distant and landlocked Stan-nations? At some point, as we face financial and military exhaustion, we have to ask ourselves if we can even successfully evacuate our personnel from the far-flung bases in Uzbekistan and Kyrgyzstan.
This must be an equally sobering moment for Europe, and an additional reason for the recent plunge in the relative value of the Euro, for Europe is now at the mercy of Russia in terms of staying warm in the winter, running their kitchen stoves, and keeping the lights on. Russia also exerts substantial financial leverage over the U.S. in all the dollars and securitized U.S. debt paper it holds. In effect, Russia can shake the U.S. banking system at will now by threatening to dump its dollar holdings.
The American banking system may not need a shove from Russia to fall on its face. It’s effectively dead now, just lurching around zombie-like from one loan “window” to the next pretending to “borrow” capital – while handing over shreds of its moldy clothing as “collateral” to the Federal Reserve. The entire US, beyond the banks, is becoming a land of the walking dead. Business is dying, home-ownership has become a death dance, whole regions are turning into wastelands of “for sale” signs, empty parking lots, vacant buildings, and dashed hopes. And all this beats a path directly to a failure of collective national imagination. We really don’t know what’s going on.
The fantasy that we can sustain our influence nine thousand miles away, when we can’t even get our act together in Ohio is just a dark joke. One might state categorically that it would be a salubrious thing for America to knock off all its vaunted “dreaming” and just wake up.
Until next time,
James Howard Kunstler
for The Daily Reckoning
REALITY BITES AGAIN by James Howard Kunstler
The U.S. had taken advantage of temporary confusion in Russia, during the ten-year-long post-Soviet-collapse interval, and set up a client government in Georgia, complete with military advisors, sales of weapons, and even the promise of club membership in the Western alliance known as NATO. These blandishments were all in the service of the Baku-to-Ceyhan oil pipeline, which was designed specifically to drain the oil region around the Caspian Basin with an outlet on the Mediterranean, avoiding unfriendly nations all along the way.
At the time this gambit was first set up, in the early 1990s, there was some notion (or wish, really) among the so-called western powers that the Caspian would provide an end-run around OPEC and the Arabs, as well as the Persians, and deliver all the oil that the US and Europe would ever need – a foolish wish and a dumb gambit, as things have turned out.
For one thing, the latterly explorations of this very old oil region – first opened to drilling in the 19th century – proved somewhat disappointing. U.S. officials had been touting it as like unto “another Saudi Arabia” but the oil actually produced from the new drilling areas of Kazakhstan, Turkmenistan, and the other Stans turned out to be preponderantly heavy-and-sour crudes, in smaller quantities than previously dreamed-of, and harder to transport across the extremely challenging terrain to even get to the pipeline head in Baku.
Meanwhile, Russia got its house in order under the non-senile, non-alcoholic Vladimir Putin, and woke up along about 2007 to find itself the leading oil and natural gas producer in the world. Among the various consequences of this was Russia’s reemergence as a new kind of world power – an energy resource power, with the energy destiny of Europe pretty much in its hands. Also, meanwhile, the USA had set up other client states in the ring of former Soviet republics along Russia’s southern underbelly, complete with U.S. military bases, while fighting active engagements in Iraq and Afghanistan. Now, if this wasn’t the dumbest, vainest move in modern geopolitical history!
It’s one thing that U.S. foreign policy wonks imagined that Russia would remain in a coma forever, but the idea that we could encircle Russia strategically with defensible bases in landlocked mountainous countries halfway around the world...? You have to ask what were they smoking over at the Pentagon and the CIA and the NSC?
So, this asinine policy has now come to grief. Not only does Russia stand to gain control over the Baku-to-Ceyhan pipeline, but we now have every indication that they will bring the states on its southern flank back into an active sphere of influence, and there is really not a damn thing that the U.S. can pretend to do about it.
We could have spent the past ten years getting our own house in order – waking up to the obsolescence of our suburban life-style, scaling back on the Happy Motoring, reconnecting our cities with world-class passenger rail, creating wealth by producing things of value (instead of resorting to financial racketeering), protecting our borders, and taking the necessary measures to defend and update our own industries. Instead, we pissed our time and resources away. Nations do make tragic errors of the collective will. The cluelessness of George Bush is nothing less than a perfect metaphor for the failure of a whole generation. The Boomers will be identified as the generation that wrecked America.
So, as the vacation season winds down, this country greets a new reality. We miscalculated in Western and Central Asia. Russia still “owns” that part of the world. Are we going to extend our current land wars there into the even more distant and landlocked Stan-nations? At some point, as we face financial and military exhaustion, we have to ask ourselves if we can even successfully evacuate our personnel from the far-flung bases in Uzbekistan and Kyrgyzstan.
This must be an equally sobering moment for Europe, and an additional reason for the recent plunge in the relative value of the Euro, for Europe is now at the mercy of Russia in terms of staying warm in the winter, running their kitchen stoves, and keeping the lights on. Russia also exerts substantial financial leverage over the U.S. in all the dollars and securitized U.S. debt paper it holds. In effect, Russia can shake the U.S. banking system at will now by threatening to dump its dollar holdings.
The American banking system may not need a shove from Russia to fall on its face. It’s effectively dead now, just lurching around zombie-like from one loan “window” to the next pretending to “borrow” capital – while handing over shreds of its moldy clothing as “collateral” to the Federal Reserve. The entire US, beyond the banks, is becoming a land of the walking dead. Business is dying, home-ownership has become a death dance, whole regions are turning into wastelands of “for sale” signs, empty parking lots, vacant buildings, and dashed hopes. And all this beats a path directly to a failure of collective national imagination. We really don’t know what’s going on.
The fantasy that we can sustain our influence nine thousand miles away, when we can’t even get our act together in Ohio is just a dark joke. One might state categorically that it would be a salubrious thing for America to knock off all its vaunted “dreaming” and just wake up.
Until next time,
James Howard Kunstler
for The Daily Reckoning
Monday, June 23, 2008
George Carlin Dead
Totally off topic and nothing to do with this blog but I need to pause and honour one of my all-time favorite entertainers and comedians, George Carlin who died yesterday of Heart failure as reported in Los Angeles (AFP)
George Carlin had been in show business for 50 years. He made 22 albums and won four Grammy Awards. He died at age 71.
As a teenager I can remember listening with my big brother to his album AM/FM and later becoming all too familiar with his now infamous "Seven Words You Can Never Say On TV" routine. Some of the news articles today say that is what he will be most remembered for. I really hope it is the biting anti-establishment brand of humour he refined that people will remember.
An icon for free speech and using your brain I take this moment to pause and give thanks to George Carlin for reminding us all that common sense and humour can change the world if we just slow down long enough to think.
George Carlin had been in show business for 50 years. He made 22 albums and won four Grammy Awards. He died at age 71.
As a teenager I can remember listening with my big brother to his album AM/FM and later becoming all too familiar with his now infamous "Seven Words You Can Never Say On TV" routine. Some of the news articles today say that is what he will be most remembered for. I really hope it is the biting anti-establishment brand of humour he refined that people will remember.
An icon for free speech and using your brain I take this moment to pause and give thanks to George Carlin for reminding us all that common sense and humour can change the world if we just slow down long enough to think.
Wednesday, June 18, 2008
Canada's Best Places to Live
Canadian Business Money Sense Magazine ranks the 'Best Places to Live" in Canada each year. Here's the line up for the Top 10 Best Places to Live in Canada:
Ottawa-Gatineau, ON
Victoria, BC
Frederickton, NB
Kingston, ON
Levis, QC
Moncton, NB
Winnipeg, MB
Burlington, ON
Halifax, NS
Vancouver, BC
The introduction says, "If you've ever wondered about picking up and moving, you've probably pondered what makes a community a good place to live. Is it climate? Salaries? Real estate? To be honest, it's probably a bit of each of those factors, plus many more."
MoneySense's third "Canada's Best Places to Live" list has a lot of data to help readers sift through some of the most important factors in choosing the Best Place to Live. It may not exactly come out and say, "Hey, here are the Cheapest Places to Live!" but at least it provides some criteria whereby you can figure out what kind of lifestyle you might be able to create.
To see the complete list and read all about it go here - The Best Places to Live in Canada.
Ottawa-Gatineau, ON
Victoria, BC
Frederickton, NB
Kingston, ON
Levis, QC
Moncton, NB
Winnipeg, MB
Burlington, ON
Halifax, NS
Vancouver, BC
The introduction says, "If you've ever wondered about picking up and moving, you've probably pondered what makes a community a good place to live. Is it climate? Salaries? Real estate? To be honest, it's probably a bit of each of those factors, plus many more."
MoneySense's third "Canada's Best Places to Live" list has a lot of data to help readers sift through some of the most important factors in choosing the Best Place to Live. It may not exactly come out and say, "Hey, here are the Cheapest Places to Live!" but at least it provides some criteria whereby you can figure out what kind of lifestyle you might be able to create.
To see the complete list and read all about it go here - The Best Places to Live in Canada.
Thursday, June 12, 2008
Obama Launches FightTheSmears.com
OK, I know I'm being quite political today but let's face it the US Election is one the top of everyone's mind and a focal point of many conversations whether you live in Panama or the United States this election is a hot topic. It's also bringing some interesting ideas and points out in the open. One of the things many American expats say they left the U.S. for was a distain of the politics particularly the negative smear campaigns which seem to have become part of the routine.
Here's some freshing news -
The Obama campaign just launched a new website, FightTheSmears.com.
Now you may be thinking 'Ya, it's just another gimmick. Just businesses who hide profit motives behind charity gigs. But, let's face isn't it time we all 'FightTheSmears'? Regardless of political affiliation I believe this cause is a winner and worth supporting. So, here's the line right from my.barackobama.com -
"So, if you've ever recieved a smear email, heard a false rumor from a friend or acquaintance, or come across a website propagating lies, and wondered how to fight back, now you know what to do: visit FightTheSmears.com and take direct, productive action to push back on these mistruths."
Here's some freshing news -
The Obama campaign just launched a new website, FightTheSmears.com.
Now you may be thinking 'Ya, it's just another gimmick. Just businesses who hide profit motives behind charity gigs. But, let's face isn't it time we all 'FightTheSmears'? Regardless of political affiliation I believe this cause is a winner and worth supporting. So, here's the line right from my.barackobama.com -
"So, if you've ever recieved a smear email, heard a false rumor from a friend or acquaintance, or come across a website propagating lies, and wondered how to fight back, now you know what to do: visit FightTheSmears.com and take direct, productive action to push back on these mistruths."
CNN Reports on Obama-McCain poll
CNN’s Jack Cafferty about the close race between Barack Obama and John McCain
In today's Cafferty file, John Cafferty of CNN asks, "What does it mean if Barack Obama and John McCain are less than ten points apart in the polls?"
The latest CNN poll has Obama ahead of Panama born McCain by just 5 percentage points at 48% to 43%.
New Wall Street Journal and NBC polling puts Barack Obama 6 points up, thats double what his last lead was. It’s smaller than the 16-Point spread the Democrats’ had when voters are asked what party they want to see in the White House.
One poll gives strengths and weaknesses of both candidates. For Obama, he is ahead of McCain among Catholics, African-Americans, Women, Hispanics and Independents. Even the blue-collar segment favors Barack Obama. He's ahead, 61% to 19%, among the primaries Clinton supporters.
John McCain beats Obama as a favorite among white men by 20%. The senator from Arizona also leads Obama among white suburban women. But Barack Obama leads John McCain among all white women.
McCain's greatest challenge may be President Bush. One pollster for the democrats says the president is a huge ball and chain for McCain. Many voters surveyed say they are looking for a leader of change vs one of experience.
In today's Cafferty file, John Cafferty of CNN asks, "What does it mean if Barack Obama and John McCain are less than ten points apart in the polls?"
The latest CNN poll has Obama ahead of Panama born McCain by just 5 percentage points at 48% to 43%.
New Wall Street Journal and NBC polling puts Barack Obama 6 points up, thats double what his last lead was. It’s smaller than the 16-Point spread the Democrats’ had when voters are asked what party they want to see in the White House.
One poll gives strengths and weaknesses of both candidates. For Obama, he is ahead of McCain among Catholics, African-Americans, Women, Hispanics and Independents. Even the blue-collar segment favors Barack Obama. He's ahead, 61% to 19%, among the primaries Clinton supporters.
John McCain beats Obama as a favorite among white men by 20%. The senator from Arizona also leads Obama among white suburban women. But Barack Obama leads John McCain among all white women.
McCain's greatest challenge may be President Bush. One pollster for the democrats says the president is a huge ball and chain for McCain. Many voters surveyed say they are looking for a leader of change vs one of experience.
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