Alvarez

Youth in revolt

This video by the young Guatemalan leader Gloria Álvarez is better than anything I’ve heard from many of our so-called leaders in quite a while. Unlike most, Ms. Álvarez takes the battle for ideas head on. Ms. Álvarez makes an impassioned plea for the use of technology to spread republican ideas and values that can…

bored

Nothing to do

1.8 million young people have nothing to do. I read that in an op-ed by Julio Borges, and it sparks my curiosity. It comes from a survey carried out by the UCAB Youth Project that says 23% of Venezuelans between the ages of 15 and 29 neither study nor work, or in the words of Borges, “are not…

guri

The electric crisis is about to get worse

An excellent, alarming piece by César Batiz in Clímax highlights the coming gloom for Venezuelans: Guri, the country’s most important dam, is not getting enough water. The dry period is about to begin, and thermal plants do not have enough installed capacity available. After a reported $38 billion spent on revamping the country’s electricity generating sector (Derwick gets a…

Dolares-y-bolivares

Budgets matter

It must be difficult being a macroeconomic analyst in Venezuela. Case in point: the country’s budget. We all know the government spends via the official budget, which gets approved via the legislative process, with all the trappings of a pseudo-democracy. But then, we also know the government spends money outside of the budget via the BUDGET.…

oil1

Could the Saudi strategy be working?

Take it away, OilPrice.com … “Slumping oil prices are putting pressure on U.S. drillers. The number of active rigs drilling for oil and gas fell by their most in two months, according to the latest data from oil services firm Baker Hughes. There were 19 oil rigs that were removed from operation as of Oct.…