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  1. It appears they borrow each year to cover their deficit with the interest on the debt eating away more and more of the operating budget (See US)
  2. CR taxes and revenue for reference http://www.costaricaweb.com/business/cindetaxes.htm http://en.wikipedia.org/wiki/Public_Finances_in_Costa_Rica Balance sheet http://www.imf.org/external/pubs/ft/gfs/yearbook/2008/gfsy08.pdf Background http://insidecostarica.com/2013/09/23/moodys-warns-costa-rica-time-running-fiscal-reform/
  3. I thought I remember the CAJA hired a number of nurses a few years back when unemployment was high as part of a full employment program that bankrupted the CAJA. So, the salaries were not high. There were just too many unneeded employees. I am guessing that is the problem with many governments of having too many people on the payroll. a side note ... my Tico neighbor was commenting he does not know where all the money is coming from ... when he returns to CR, he said he is seeing more and more cars each year and many of them are luxury brands .....
  4. Curious ... anyone see a pie chart on where the national income comes from and where it is spent?
  5. I am interested in hearing your opinions ... I won't be investing in CR (house, car, business) until I am sure they are stable. It seems that Expats think they are important but they appear to make up a very small percent of the population and many of those are not legal and could pick up and leave at any time. So, I agree any hope that expats would close the budget will be a failure. Now, I am guessing there is a lot of property owned by foreigners (luxury tax) who do not live in CR that might have some potential since those owners can not extract their property easily and have no political influence. They would make better targets but that will cause an outflow of capital and a depression of real estate prices. Personally, I am optimistic for CR since their financial problems appear to be mismanagement and inefficiency which can be solved easier than other problems. I am guessing as they tighten on the banks and encourage electronic payments there will be fewer places for tax evaders to hide thus increasing tax collections.
  6. We are all going to die. It is inevitable. That is why you need to suck the marrow out of life and worry less about these things. Future generation will have their hands full. Go enjoy that ocean and beach before they are gone.
  7. God, give me grace to accept with serenity the things that cannot be changed, Courage to change the things which should be changed, and the Wisdom to distinguish the one from the other.
  8. These will restore your faith in humanity. http://www.dailymail.co.uk/news/article-1353330/Egypt-protests-Christians-join-hands-protect-Muslims-pray-Cairo-protests.html http://www.islamophobiatoday.com/2013/08/20/swedes-don-headscarves-to-support-muslim-victim/
  9. I do not know if they are legal in CR but many folks use composting toilets when water is limited or there is no sewage available. http://en.wikipedia.org/wiki/Composting_toilet One marketing video http://www.youtube.com/watch?v=dFBOwYyUlQw&list=PL12509AFF64394B53
  10. Snake-bite victim socked with $55K bill http://news.yahoo.com/blogs/sideshow/snake-bite-victim-socked-with--55k-bill-150152873.html
  11. Really, Newman you should take the hint and take your money some place else who wants your business.
  12. Unless you are a member of congress, in the military or a union, health care is looking pretty bleak for most Americans and getting up early to get in line and sitting all day at the Caja might be better than having no care. Where Obamacare Premiums Will Soar http://finance.yahoo.com/news/where-obamacare-premiums-soar-095700316.html The main driver of the premium increases is the Obamacare mandate that coverage be offered to everyone, said Kevin McCarty, Florida's insurance commissioner. There are just short of a million enrollees in the individual market in Florida, while 3.8 million are uninsured. The state does not allow new entrants into a "high-risk pool," which provides coverage to the sick. "People who are in their 50s with high blood pressure have no coverage options," he said. More Doctors Steer Clear of Medicare http://finance.yahoo.com/news/more-doctors-steer-clear-medicare-030500979.html Fewer American doctors are treating patients enrolled in the Medicare health program for seniors, reflecting frustration with its payment rates and pushback against mounting rules, according to health experts.
  13. Mark, the problem with US interest investments is not the return but the lose of capital. YTD yield has been positive but the return has been negative. Corporate Bonds http://finance.yahoo.com/q/ta?s=FCBFX&t=1y&l=on&z=l&q=l&p=m200%2Cm50&a=&c= http://finance.yahoo.com/q/ta?s=FTBFX&t=1y&l=on&z=l&q=l&p=m200%2Cm50&a=&c= Treasures http://finance.yahoo.com/q/ta?s=FINPX&t=1y&l=on&z=l&q=l&p=m200%2Cm50&a=&c=
  14. And the unquantifiable question is how much risk are you taking on for 7% investing in a cooperative? They seem to have a good balance sheet so I think the risk is low. In 10 years at 7% you would have doubled your money.
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