Diosi

The four faces of Godfinger

Earlier this week, chavismo’s hippest Troll Princess posted four pictures on Instagram showing four sides of her family. There’s no doubt she was engineered just to patch up her dad’s public face and present him as an approachable fella’. In these pics, we can see the almighty President of the National Assembly, Diosdado Cabello, wearing an apron and just goofin’…

Bachaco

The Political Economy of Gas Smuggling

Caracas-based economist Asdrubal Oliveros recently estimated 130,000 barrels of gasoline are now smuggled across the border to Colombia each and every day. That’s a big number. How big? Well, assuming our men in uniform are bad at business and only make $65 per barrel sold (they’re wholesalers, after all), that would work out $8.5 million dollars every…

stairs-to-heaven

Vas al Cielo y Vas Llorando Chronicles

Not three weeks ago, Venezuela scored a big win over ExxonMobil, when the long-running saga over International Arbitration following Chávez’s 2006 expropriation of their extra-heavy oil upgrader in the Faja del Orinoco resulted in an award much smaller than expected. Exxon had originally wanted $20 billion out of the deal; arbitrators awarded it just $1.6 billion,…

Elías-Jaua2

Disarmament and Its Discontents

Take a look to this report from Brazil’s newspaper Folha de Sao Paulo: “The family nanny for Elías Jaua (currently the Venezuelan Communes Minister) was detained in the early hours of Friday morning in São Paulo–Guarulhos International Airport, charged of weapons trafficking. She was carrying a .38 revolver with ammunition, which she says belong to the…

rodriguez-torres-ningun-funcionario-recibe-ordenes-de-violar-los-ddhh

Breaking: Interior Minister Rodriguez Torres got sacked

Nicolas Maduro has just announced the exit of the Interior, Justice and Peace Minister Miguel Rodríguez Torres and asked him to take a break. Defense Minister Cármen Meléndez will assume Rodriguez Torres’ post while the head of the Armed Forces’ Strategic Opreational Command (CEO) Vladimir Padrino López will take the Defense Ministry job. Question: If…

Rwanda, marico, RWANDA!

Africa? We wish!

I keep promising Juan I’ll stop boring readers with these bond stories, but then I can’t resist. Check out today’s New York Times story on the superhot market for African sovereign debt: Ghana raised about $1 billion with a coupon, or interest rate, of 8.125 percent on a bond coming due in 2026; it is now…