Can I get a summary of this article in details and what is your position and opinion on the topic of the Nicaragua channel?
Nicaragua's dream of building an interoceanic canal fades in the face of uncertainty over the 50 billion dollars needed to finance it and China's decision to open relations with its rival in Panama, according to analysts. The project "has been totally de-funded because it did not meet the reliability requirements it needed" for its execution, the former opposition university professor and university professor Eliseo Núñez told AFP. Nearly five years ago, Chinese magnate Wang Jing, owner of HK Nicaragua Canal Development (HKND), won an exclusive concession from the Nicaraguan government to design, build and operate, for up to a century, a 276-km-long canal , The biggest in the world. With the promise of making Nicaragua the richest country in the region, Wang opened the works in late 2014, but a year later he lost most of his fortune valued at 10.2 billion dollars, according to Bloomberg, and disappeared . "It is a ghost, it has not reappeared," environmental lawyer Mónica López, author of the book on the channel "The delivery of a country," told AFP. The financial feasibility studies that McKinsey & Company made according to HKND have not been published and countries like Iran, which expressed interest in the project, have not publicly specified an offer. The construction of access roads to the canal on the south Pacific coast are suspended and the excavation works of 5 billion cubic meters of land, which would begin in 2016, were postponed indefinitely. The channel "has lost interest from the weakening of the Chinese investor, and the Nicaraguan government has no capacity to move the project by itself," said Víctor Campos, director of the environmentalist Centro Humboldt. Communities of the south, whose lands would open the trench to make way for large vessels, continue their normal life. "It is true that there have been delays but the company (HKND) is working there, what happens is that it is a very big project," said Manuel Coronel Kautz, president of the Interoceanic Grand Canal Authority of Nicaragua. "It's slow but normal," he said. The reestablishment of diplomatic relations between China and Panama last June also pushed Beijing away as a potential investor in the Nicaraguan canal. "China will invest 25 billion dollars (per year) in different countries of Latin America, but Nicaragua is not on its radar," said former diplomat Mauricio Díaz. "There has always been speculation about the possible interest of the Chinese state in the concession (canal), but the fact is that the 19 trade agreements that China signed last year with Panama indicate that its interest is concentrated" in that country, Lopez agreed. "I'm not sure that China is behind the channel, it seems that Wang acted alone" and "that Nicaragua fell into a kind of international scam", weighing by his side the ex-deputy Núñez. He warned that Nicaragua faces legal uncertainty because the concession of the canal project gives HKND many advantages. The law prevents Nicaragua from taking civil and criminal actions against the investor in case of default, although it can repeal the concession with 60% of the votes of the Parliament, in the hands of the ruling party. The concession law "is a sword of Damocles that weighs on the peasants because it authorizes the expropriation of land not only in the canal strip, but throughout Nicaragua," said opposition leader Violeta Granera. And even if it is not done, it is "tied to several subprojects" that will make it possible to do business free of audits, he observed.
In: Economics
Explain the term and objectives of Co-Branding and give an example.
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(CO A) Review some of the Panel on Audit Effectiveness recommendations.
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Suppose that you can buy a car now for $20,000. On the other hand, you can lease it at $350 per month for 60 months. If you buy a car now, then you will be able to sell it at the end of the fifth year for $8,000. If you choose to lease, what is the monthly and annual IRR of the lease compared to the buying a car now?
In: Economics
A recent survey found that 22% of all people 16 years of age and older do volunteer work. Suppose a random sample of 350 people 16 years of age and older is taken. What is the probability that more than 24% of the people in the sample do volunteer work?
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a) 0.1894 |
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b) 0.8106 |
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c) 0.1841 |
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d) 0.8159 |
In: Statistics and Probability
Please answer the following question in 350 words count in your own words with a 3 academic/professional references published in last 5 yrs. Analyze the components and requirements of its information systems technology program.Compliance of health information systems with federal, state, and local laws governing patient information security. Risks of a security breach or failure.
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Business firms sell a good at the price of Rs 450. The firm has decided to reduce the price of a good to Rs 350. Consequently, the quantity demanded the goods rose from 25,000 units to 35,000 units. Calculate the price elasticity of demand
The answer should be a min of 500 Words. And pls send me in computerized word format
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Research will be conducted for a reason or set of reasons. As a result of research actions will generally be taken, although, in some instances research will show that no action needs to be taken. Explain how a community service organisation which is using research results to implement changes to practice can ensure that the changes are made with as little disruption to the workplace as possible. (350 words)
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Ammonium nitrate (NH4NO3(s) decomposes into nitrogen, oxygen and water. If 10 g of ammonium nitrate decompose entirely at 350 *C with ΔrxnHo = -289. kJ
- How much heat is liberated?
- How much work would be done by the system?
- What will be the pressure of the system if, after completion of the reaction, the volume is 1.0 L and the temperature is 120°C?
In: Chemistry
A hot air balloon has a volume 3,223 m3 . It is filled with hot air of density 0.96 kg/m 3 . The total mass of cabin, envelope etc is 350 kg. Find the maximum load of the balloon in Newtons if the density of surrounding air is 1.29kg/ m3
Use g = 9.8 m/s2 Calculate answer to one decimal.
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