The food that rotted is literally the least of it [Corrected]
Just in those 8 months, nearly $2 billion worth of food paid for by PDVSA failed to reach Venezuelans’ dinner tables for one reason or another. The bulk...
PDVAL Math
For this exercise, assume: You have a $28 million budget for transport. The maximum payload of the Boeing 777 you’re using is 102 tons. The distance between Buenos...
A Patchwork Orange
Ever notice how chavismo’s instinct, when facing a clear policy failure, is always to see how they can patch it up? Take SITME – the Central Bank’s baroquely...
SITME Bond Yield Voodoo
The kicker is that your bank has to document every step of that operation to the Central Bank, which is thereby empowered to effectively control the implicit price...
"Your child can't have that operation because we need the money to capitalize SIDOR"
It had to come to this. The renationalized SIDOR Steelmaker has started hitting up the Central Bank for emergency loans. The BsF.2 billion bailout announced today is a throwback...
Game Changer
As you see the opposing team running, ball-in-hand, towards your goal, you could be forgiven for concluding that somehow, in the last few minutes, the game you were...
The Cardinal will not be allowed to sing (Updated)
Funny how these things work. When you’ve decided that the spat with the Cardinal is a losing strategy because it reminds voters that we’re headed for Communism, and you...
For Chavismo, the Real Issue in September is the Unemployed...
Chávez or Uribe-Bush? That, in the chavista playbook, is the issue… It’s clear now that, from a framing point of view, Uribe’s decision to go all Last-of-the-Mohicans on...
Rohter stones Stone (Updated)
It’s a follow-up to a previous article in which he bashed Stone’s documentary slash love poem to Hugo Chávez. One month ago, I incurred the wrath of Oliver Stone...
Oliver Stone watch #2
Forget spending time with the family, the only right answer is: going to a swearing-in ceremony for the PSUV in a government-owned stadium, and have the ceremony force-fed...
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