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Panama Military
Panama does not have a standing military. This is a result of a military dictatorship. Guillermo Endara abolished
is the person who abolished all military forces and reformed security apparatus by creating The Panamanian Public Forces.
In the month of October 1994, Panama's legislative Assembly approved a constitutional amendment. prohibiting the creation
of a standing military force, but allowing the temporary establishment of special police units to counter acts of "external
aggression." This act is still in effect today.
Poverty in Panama
Poverty in panama is not really has low as it should be. Even though panama brings in mass amounts of funds
into the economy, they are still struggling and in one of the worst debts that the world has ever seen. The average household
income is .57. This is the worst equity that has ever been noticed in the world.
Real Estate
Right now at this very moment, Panama is competing have the tallest building in Latin America. There rival, which i do
not know the name was cancelled. So this leaves just them and the time it will take them to finish the 104 story residential
building.
There are more than 105 projects in Panama City, where neighborhoods are experiencing a huge increase in the number of
buildings that are coming up in the City. In San Fransciso there is currently 25 new buildings being built. This is to show
the magnitude that Panama City is growing at right now.
Apart from the existing demand, future developments will also be helped by such factors as the planned expansion of the
Panama Canal, a possible refinery by U.S. oil giant Occidental Petroleum and a new container port near the Pacific entrance
of the canal.
Demographics
The culture, customs, and language of the Panamanians are predominantly Caribbean and Spanish. Ethnically, the majority
of the population is mestizo or mixed Amerindian, African, Spanish and Chinese descent. Spanish is the official and dominant
language; English is spoken widely on the Caribbean coast and by many in business and professional fields. More than half
the population lives in the Panama City–Colón metropolitan corridor.
The overwhelming majority of Panamanians are Roman Catholic, accounting for almost 80% of the population. Although the
Constitution recognizes Catholicism as the religion of the great majority, Panama has no official religion. Minority religions
in Panama include Protestantism (12%), Islam (4.4%), the Bahá'í Faith (1.2%), Buddhism (at least 1%), Greek Orthodox (0.1%),Judaism
(0.4%), and Hinduism (0.3%). The Jewish community in Panama, with over 10,000 members, is by far the biggest in the region
(including Central America, Colombia and the Caribbean). Jewish immigration began in the late 19th century, and at present
there are synagogues in Panama City, as well as two Jewish schools. Within Latin America, Panama has one of the largest Jewish
communities in proportion to its population, surpassed only by Uruguay and Argentina. Panama's communities of Muslims, East
Asians, and South Asians, are also among the largest.
Panama City hosts a Bahá'í House of Worship, one of only eight in the world. Completed in 1972, it is perched on a high
hill facing the canal, and is constructed of local mud laid in a pattern reminiscent of Native American fabric designs.
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