International

‘Gaby’ Carrizo, the unpopular ruling presidential candidate for the Presidency of Panama

José Gabriel Carrizo, the current Panamanian vice president, better known as ‘Gaby’, aspires to the historic Democratic Revolutionary Party (PRD) to lead Panama again for another five years after next Sunday’s elections, in which he participates with low popularity rates.

Carrizo, the ruling party’s candidate for the Presidency in conjunction with the Molinera party, and who this Wednesday closes his campaign in Panama City, is at the queue of the polls among the five candidates with options, although the strong base of the PRD in the country, the party of the iconic general Omar Torrijos, cannot be underestimated.

The polls that ‘Gaby’ does lead are those of rejection, with between 50% and 60% of the participants in some surveys who assured that they would “never” vote for him.

“Don’t eat a story (…) we are going to win the elections in a forceful way,” Carrizo said on Wednesday at the closing ceremony of the campaign before a mass of members of the PRD, and assured that the polls “really that they do not want to publish” predict that triumph.

A lawyer by profession, he has been a member of the majority party of Panama since 2007 and in 2019 he became the youngest vice president in Panamanian history at just 36 years old, after Laurentino Cortizo won that year’s elections.

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‘Gaby’, 40, has had a lot of visibility within the Executive, which has led to it being popularly pointed out as one of the main faces behind the different scandals that have enveloped the current Government since its inception and that increased with the COVID-19 pandemic.

That year, Carrizo defended the transparent management of the $1,457 million approved during 2020 to combat the pandemic in Panama.

Carrizo has also had a step run over by the presidential debates or during interviews with some media, when making mistakes when explaining his proposals, defending for example that “Panama is safer than France” or that they want to “pass Panama from the first world to the third world.”

This triggered a wave of jokes on social networks that the same candidate used in his favor to campaign with humor, a tone of his political strategy.

In the third and final debate he made the decision not to participate, arguing that José Raúl Mulino, candidate who leads the polls for the Realizing Goals party and substitute for the disabled former President Ricardo Martinelli (2009 – 2014), did not join the debate, as he had not done in the previous ones.

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“In the case of the vice president candidate, I think he was looking for an excuse not to come because the last interventions have really been disastrous for him,” José Blandón, the running mate for vice president of Rómulo Roux of Democratic Change, told EFE after the debate.

The youngest of the eight candidates for the Presidency, starts with his main proposal to reduce the working week by maintaining 40 hours in fewer days, a system similar to the one already implemented in some European countries: “Work four days, pound three,” he says on his advertising posters and social networks.

Carrizo has given continuous mass baths in the provinces of Panama during his campaign explaining his electoral promises, which include that cut in working days, salary increases – including for security groups -, free medicines and promotion of tourism, among others.

“When you ask how much 4×8 is (referring to the ruling you had in one of the debates by saying 40 and not 32) answer that there are a thousand sticks (tickets) for your pocket,” the candidate shouts eagerly in one of his videos.

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International

US panel backs Trump-themed coin amid controversy

The United States Department of the Treasury confirmed to AFP that the Commission of Fine Arts approved the design of a new collectible coin featuring Donald Trump, with members of the commission appointed by the current administration.

According to the proposal, the coin will feature an image of Trump standing with clenched fists over a desk on the obverse, while the reverse will display an eagle, a traditional symbol of the United States.

The sale price of the collectible has not yet been disclosed, although the United States Mint typically offers similar items for more than $1,000.

“There is no more iconic portrait for the front of these coins than that of our president Donald Trump,” U.S. Treasurer Brandon Beach said in a statement sent to AFP. He added that two additional coins — a $1 piece and a one-ounce gold coin — are also under consideration.

However, the Citizens Coinage Advisory Committee (CCAC), another body responsible for reviewing new coin proposals, declined to discuss the Trump design in late February.

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“Only nations governed by kings or dictators place the image of a sitting leader on their currency,” said Donald Scarinciat the time. “No country in the world has minted coins featuring a democratically elected leader during their term in office,” he added.

When contacted by AFP, the Treasury Department did not immediately respond to requests for further comment.

International

Fed’s Waller warns of rising inflation risks amid Middle East conflict

Christopher Waller, a governor at the Federal Reserve, said Friday that he is increasingly concerned about the inflationary impact of the ongoing conflict involving United States and Israel against Iran, particularly due to the prolonged closure of the Strait of Hormuz.

Waller, who had supported interest rate cuts over the past year amid concerns about the labor market, said he has shifted his stance in recent weeks due to rising inflation risks.

“Since the Strait of Hormuz was closed, it suggests this conflict could be much more prolonged and that oil prices will remain elevated for longer,” Waller said in an interview with CNBC.

“Therefore, this indicates that inflation is a greater concern than I had previously assessed,” he added.

Waller also backed the Federal Reserve’s decision earlier this week to keep interest rates unchanged, signaling a more cautious approach as global geopolitical tensions continue to affect economic outlooks.

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International

Brazil offers to mediate Colombia-Ecuador tensions, calls for restraint

The government of Brazil has offered to mediate in the ongoing tensions between Colombia and Ecuador, while calling on both nations to exercise restraint.

In a statement released Wednesday, Brazil’s Ministry of Foreign Affairs urged the parties involved to act with moderation and seek a peaceful resolution to the dispute.

“Brazil encourages all sides to act with moderation in order to find a peaceful solution to the controversy. It stands ready to support dialogue efforts aimed at preserving peace and security in the region,” the statement said.

Brazil also expressed “serious concern” over reports of deaths in the border area between Colombia and Ecuador, noting that the circumstances surrounding the incidents have not yet been clarified.

The diplomatic move comes amid rising tensions between the neighboring countries, increasing regional concern over stability and security along their shared border.