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The legislative elections and the principal-agent problem

Venezuela is supposed to hold legislative elections this year … emphasis on the word “supposed.” As Quico explained, the government has all the incentives not to hold the elections. The government is deeply unpopular, and no amount of tinkering with the results could hide the shellacking they’re looking to receive. There is another reason why large scale fraud…

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A kidnapper speaks

I found this video by Fusion fascinating. The outstanding part for me is how the young thug views this like any other job: he simply wants respect, he wants to move up in the ranks, and he is highly committed to his trade. It’s just that his trade … involves inflicting unspeakable violence on people.…

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Ledezma Snatched by SEBIN

Twitter just lit up with reports of a SEBIN squad forcing their way into Antonio Ledezma’s office in el Rosal. Ledezma is the metropolitan mayor of Caracas, a post invented by chavismo to sort of oversee all the municipalities that integrate the city. After losing this stewardship to the opposition they have been trying to strip it from…

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The sudden rise of the bodyguards

They say crisis is half opportunity. And, indeed, what you see as an unrelenting crime wave, looks like an opportunity to the bodyguard industry. This week, two dispatches cover the issue and offer an inside look in the world of bodyguards (known here as escoltas) and their personal experiences. First up, Associated Press’ Hannah Dreier meets Julio Delgado, who works…