In announcing a sharp currency devaluation alongside a dual exchange rate, the Venezuelan government confirmed its longstanding M.O. of periodically regularizing entrenched but previously illegal governance practices. To...
Chávez is calling the Bs.4.30 (CUATRO TRENTA, COMPAÑERO!) exchange rate the "dolar petrolero": the government is going to double the number of bolivars it gets for every oil...
You know that the Permutaland rumor mill is on High Overdrive when even Bloomberg is picking up stories about an immident devaluation. UPDATE: It’s Bloomberg running with this,...
For Venezuelans, the fight between Argentina’s president and their Central Bank chief is all too familiar. Cristina Fernández’s foreign reserves grab is a virtual re-run of Chávez’s "millardito"...
Today, we have a Guest-post from our occassional Mérida correspondent, Guido Núñez-Mujica: Bolivarian dim bulbs In Caracas, it’s just about possible to ignore them. But out here in...
Venezuelan government spokesmen sound genuinely worried about a Colombian attack on the border region these days. Talk of a "False Positive" – an attempt, as the Venezuelan government...
As the lights go out, the government shrugs its shoulders. "Nothing to do with us. El Niño did it!" Apparently that Cuban Cloud-zapping Ray wasn’t all it was...
ooops, sorry about this…here’s a photo of the culprit: You may now ooh and aah appropriately…
It’s extremely difficult to reach any firm conclusions from reading the Nuevo Herald’s head-spinning tale of Ricardo Fernández Barrueco’s various entanglements with Raul Castro, Hugo Carvajal, Disip, attempted...
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