Happy new taxes, human beings!
Two days before the New Year, Hugo Chávez’s economic svengali let everyone know they will be significantly poorer in 2011. Starting January 1st – yes, you have two days...
Economy
The Banality of Incompetence
One story that should be getting more play abroad is the simply amazing tale of the oil Venezuela is selling to China for $5/barrel…only for the Chinese to turn...
About those Bandagro bonds...
Setty rips my post and destroys my credibility. I had it coming. Post duly updated. The great Miguel provides some more background.
Love and milk
It has long been known that the Southern shores of Lake Maracaibo contain some of Venezuela’s richest, most productive lands. But this is also a land seeped in...
Sixth Circuit says: "Expropiese!"; Updated as probably, not quite
There is a long, tortous story behind a series of bonds colloquially known as the “Bandagro bonds.” I don’t know the details very well, but the outline is...
Economic brutality
Hugo Chávez announced yesterday that he was raising taxes … in the middle of a recession. In announcing a rise in the Value-Added Tax, which hits consumers directly,...
The vanishing mirage
A few years ago, chavista apologists boasted about Venezuela’s vertiginous growth rates, bragging them about as Exhibit #1 when vouching for the success of chavenomics. Those days are...
Caracas Chronicles is 100% reader-supported.
We’ve been able to hang on for 22 years in one of the craziest media landscapes in the world. We’ve seen different media outlets in Venezuela (and abroad) closing shop, something we’re looking to avoid at all costs. Your collaboration goes a long way in helping us weather the storm.
Donate