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Things they don’t teach you about in Stanford

There is an interesting piece in the Business Section of the [increasingly indispensable] Wall Street Journal focused on PDVSA President Eulogio del Pino. I wouldn’t call it a profile per se – Del Pino did not make himself available to friend-of-the-blog Kejal Vyas, so he hovers over the story like a ghost. But the story claims del Pino…

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I am Tibi, hear me roar

Tibisay Lucena, the head of Venezuela’s National Elections Council, has been called many things before: a die-hard chavista; a machiavellian tool of the revolution; a sensible technician; a lover of fine London restaurants (ask me about that later). But one thing she had never been called before was “feminist icon.” After today, that may change. Today,…

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Tracking down the Benjamins

For the second week in a row, Fusion’s Manuel Rueda has published an eye-catching piece on Venezuela. In this one, he tracks down the owner of DolarToday, the website that tracks the unofficial exchange rate between the Venezuelan BsF and the greenback. The website has become a thorn on the side of the Maduro administration.…

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The election needs to be bought

It’s distressing to think about the Venezuelan government’s latest financial moves. Not for what the moves entail, necessarily, but because of the obvious reason that is driving them. First, the government announces it is tapping IMF holdings, about $389 million it held in its “Special Drawing Rights.” Then, they announced a new “agreement” (i.e. loan) with…

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Breaking the bank

From the department of so-funny-it’s-tragic: La Patilla is quoting anonymous sources inside the Central Bank who claim the government’s printing press is working overtime, so much so that they are having to import the bills just to keep up with demand. The highlight: Central Bank of Venezuela (BCV) technical employees spoke to lapatilla.com and they claim that “due…