Setty takes me to Scam Academy
Oh man I laughed with this one. Arevenca’s scam is too baroque to summarize here: let’s just say that they make Ovarb look like Lloyd’s of London. Be...
Francisco Toro
Quico Toro is the founder of Caracas Chronicles.
Minister of the People's Power for Trash Talking About Housing
Today, housing minister Ricardo Molina called together a bunch of media for a ceremony in Táchira to deliver 48 new homes. Forty eight! Except, as Julio Borges keeps...
¡Que Ovarbaridad!
What do you call a firm that had existed for less than three months when it landed a $252 million contract to sell a PDVSA-subsidiary (Bariven) equipment that...
Nine Years
On September 20th, 2002, the very first Caracas Chronicles post hit the interwebs. Today, just like back then, …the slow-motion train-wreck that is Venezuela under Chávez is full...
Not that there's anything wrong with that...
Just when you thought there weren’t any rhetorical depths left for chavismo to plumb, we get this: “Miranda deserves a governor with a wife and daughter.” -Elías Jaua...
Bs.564 million, down the toilet
On Saturday, Chávez announced another Bs.564 million rescue to try to plug the neverending financial shortfalls facing the Nationalized Guayana industries. There’s enough candy for everyone in that piñata: Alcasa...
Electric Kool Aid Acid Guiso
You remember Chávez’s Electrical Emergency Decree, right? Signed during the blackout-prone days of early 2010, it allowed state agencies to circumvent normal public sector procurement processes to obtain...
Johann Hari busted for the wrong thing
I won’t pretend otherwise: I found British columnist and PSF-extraordinaire Johann Hari’s fake-quote-fueled disgrace (complete with having to drop the “award-winning” from his CV) especially gratifying. Busted for plagiarizing...
Please, Take my Oil Company
The Venezuelan government is now facing over $40 billion in arbitration claims relating to 19 cases at ICSID, the World Bank’s arbitration panel. (A few of those claims...
Piñata Alert
So, there will be a three-month lame-duck period between the October 7th, 2012 presidential election and the next innauguration on January 10th, 2013. What could possibly go wrong?...
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