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Moody's Downgrade

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RandL
2/11/2017 09:24 EST

Thought this might be of interest to some.

http://www.usexpatcostarica.com/moodys-announced-the-reduction-of-costa-ricas-risk-rating/

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10abuse

NothingButNet
2/11/2017 09:43 EST

Yea, I saw that article too. Meanwhile, the CR Legislative Assembly was hard at work last week (according to Radio Dos)passing a bill giving civil service workers the right to dress how they choose, meaning men have a right to dress like women, and women like men, etc. Reminds me of the U.S. legislature passing bills to name post offices and Federal buildings while unable or unwilling to pass an annual budget to keep the government running.

From The Costa Rica Handbook, written by Chris Baker, "In 1949, the state employed only six percent of the working population; today the government pays the salaries of approximately 25%, or one in four employed people. Public employees are the best paid, most secure, and most highly unionized and vocal workers, and the supposedly neutral bureaucracy has become the largest and most insatiable pressure group in the country. Public employees' repetitive demands for higher pay, shorter hours, and greater fringe benefits (backed up by the constant threat of strikes) are so voracious that they eat up a vast proportion of the government benefits intended for the poor."

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Kohl
2/11/2017 10:08 EST

An interesting article this morning on La Nación. Here is the electronically translated version:

https://translate.googleusercontent.com/translate_c?depth=1&hl=en&prev=search&rurl=translate.google.com&sl=es&sp=nmt4&u=http://www.nacion.com/nacional/funcionarios-ganan-millones-mes_0_1615038560.html&usg=ALkJrhiQ6jTLma5WKJbgicPN9bH_OB3rDw

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RandL
2/11/2017 13:49 EST

Thanks again Kohl ... you da man!

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