David-de-Lima

De Lima is Out of Cadena Capriles. (Owner Still In Closet)

David de Lima, the cartoon-bad-guy political commissar sent to keep Cadena Capriles’s employees in line, is reportedly out of a job, after having taken a bull’s approach to china shop management in the newsroom over the couple of months he lasted at the helm. No word on who is to replace him. And no word…

Stable, but not resilient

What adjustment is, and what it isn’t

In the wake of the Red Adjustment, Venezuela is on its way to macroeconomic stability. It’s a statement that seems especially prone to misunderstanding, so maybe it’s not surprising we have to keep going back to it again and again to explain. As usual, it’s Francisco Rodríguez of Bank of America who explains all of this most…

maginot-map2

I Visualized May Wrong

Back on February 22nd, I wrote “Visualize May”: an exasperated and – in retrospect – badly misguided post about the uselessness of the nascent protest movement. Well, it’s May now, so accountability demands we go through that post now and have a bit of a reckoning. (Spoiler alert: I Visualized May wrong.) My main contention was simple: a…

guerrilleros_machurucuto

Tal Día Como Hoy en 1967

Originally posted on Caracas Chronicles:
It’s not just a great name for a band: 45 years ago this week, a group of Cuban and Cuban-trained Venezuelan guerrillas actually tried to invade Venezuela by sea through Machurucuto (just east of Higuerote). Machurucuto was a kind of through-the-looking-glass Bay of Pigs that went just as badly as…

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When “Sustainable” is a Four-Letter Word

So Anabella and Barbara, I think you’re right, but you still go to jail. The Planning Ministry powerpoint leaked to ABC.es certainly made for some juicy reading showing how bad things got over the last year and a half. But then, we always knew it wasn’t going to be pretty bringing the economy down from the fevered sugar high…

dialogo21_vidas

A Night of Epistemic Closure

First, a confession: I did not watch last night’s misnamed “dialogue”. I didn’t need to. Nor did anyone else. There was no point. We all knew exactly how it would go. Reading the accounts this morning, that’s exactly how it went. Last night’s parallel-monologue (which is way different than a dialogue) exercise was useless for reasons…

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SICAD II: Lost in Translation

Confused about SICAD II? Wondering whether the new currency exchange system really is a legal, market-based alternative to the black-market, or whether it just plays one on TV? Don’t worry, you’re not the alone: Nicolás Maduro himself seems to conflicted on the question to the point of schizophrenia. In his New York Times OpEd, he describes SICAD II as…

The bit they don't show the tourists

The Petrocaribe Trap

A guest post by Alexis Caraballo, who makes her living as a Caribbean regional analyst. A failing economy, where everything for sale in the shops is imported, with dwindling foreign reserves and on the brink devaluation. Sound familiar? It does to folks in Jamaica, a country that breaks records not just in the 100-meter dash (9.58 seconds) but also in debt-to-GDP ratio (139%)…

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1,600 Soldiers vs. One Guarimba in Puerto Ordaz

The month-long shut-down of the La Churuata neighborhood in Puerto Ordaz seems to be over, after a simply huge military action to lift it. Correo del Caroni’s Maisdulin Younis has an eye-opening write-up:  Ayer, mientras las cooperativas de limpieza de la Alcaldía de Caroní y de Gobernación del estado Bolívar, recogían las ramas y escombros que…

"No, no, the other guy..."

F-Rod Pitches a Rabo’e’Cochino

Every few months, Francisco Rodríguez lobs a conceptual hand-grenade at the center of the opposition Conventional Wisdom about the Venezuelan economy. The series of papers he’s written for Bank of America are growing into a corpus of contrarian analysis of the Venezuelan economy that’s not quite like anything else out there. His writing is not…

por Población

We’re not THAT isolated

It was galling to see Venezuelan dissident voices effectively muzzled at OAS today, as the organization voted by 22 countries to 11 to hold a closed-doors session, far reducing the impact of the speech María Corina Machado had planned to give. But it’s easy to overstate the extent of the Venezuelan opposition’s isolation, too. Nearly…