116

La Vinotinto hitches a ride

The national football team (a.k.a. La Vinotinto) returned to the country yesterday after its first-round elimination of the 2015 Copa America held in Chile. But the way back home for most of the Vinotinto players (some left Chile on their own) and crew was more complicated than expected. Sports newspaper Meridiano reports that the original plan…

north-korea-us-stuxnet.si

Guess which country has a new home in Caracas?

Good news, everyone! With the blessing of the central government, North Korea will open its embassy in Caracas. More than a year has passed since the formal request, but in the end the self-described “dictatorship of people’s democracy” will finally have its own diplomatic post right inside the proletariat stronghold of… Las Mercedes. This should…

26c56599cd3fd0223fe807bc60e1c036

The fall of Rafael Esquivel (Updated)

Huge news out of Zurich today, where several high ranking members of FIFA were arrested for alleged corruption and money laundering. One of them is Rafael Esquivel, chairman of the Venezuelan Football Federation (FVF) for the last 27 years and first Vice-President of the South American Football Confederation (CONMEBOL) since March. You read that right, twenty…

arreaza-y-chacon

Dim Wattage

See if you can detect the tension between these two recent news items: April 17th: In an interview with Barquisimeto newspaper El Impulso, Electrical Engineer Luis Vásquez Corro said that if there’s no rain in coming days (due to the El Niño phenomenon) Guri hydro-electric plant would be forced to shut down its turbines. Two days later,…

venezuela-empty-shelves-628x356 (1)

Suggested Sunday reading

Two great pieces from two friends-of-the-blog, both of them at Harvard University, both of them in Spanish. First off, Francisco Monaldi goes deep on hyperinflation in El Nacional. Francisco is lucid when discussing why this traumatic phenomenon occurs – governments basically print money out of control because they refuse to adjust to changing commodity prices. Oil producers, however,…

cajero-automatico

Everything you do is a cajero

What makes the new normal for ordinary Venezuelans? Beside the most obvious things like waiting in line and spending time looking out for everyday products, here’s another part of our routine: visting the closest available ATM (or cajero). And then another one. And another one. Thanks to the combination of relentless inflation, the continuous printing overdrive…