Usury: hard to define, but we know it when we see it
Pity poor José Gregorio Fernández. Before a few days ago, nobody knew who he was. Now, he is one of the token prisoners in the government’s war against...
Economy
Looking for wind power? Not in this wind farm
This picture recently posted online by Bloomberg’s correspondent in Venezuela Anatoly Kurmanaev is from the La Guajira wind farm in Northwest Venezuela (built as a joint venture with...
Arreaza's Culprit
Days ago, I had a good laugh at VP Jorge Arreaza’s bizarre contention that there was some kind of private conspiracy to jack up the monetary liquidity numbers...
Zuñi-ordani-nomics 101
Old lefties have a soft spot for pseudonyms. J.V. Rangel is Marciano, Teodoro is Simon Boccanegra, everybody knows about those. But recently, Felipe Pérez alleged that our own...
A territorial mess, cont.
Venezuela is divided into states. States are divided into municipalities. Each municipality has one mayor, and each state has one governor.That is what the Constitution says. Simple, right?...
Make gas a priority
Reading this story on the latest goings-on in the liquified natural gas market, I keep thinking back to 1990, the first time I heard about “Proyecto Cristóbal Colón.”...
"We will produce ONE HUNDRED BILLION BARRELS OF OIL"
Setty doesn’t beat around the bush: Rafael Ramírez has zero credibility.
Crazy Cadivi subsidizes Colombian smugglers
This story from Colombia’s Radio Caracol was an eye-opener. The money quote (translated by me): “The exchange regime in Venezuela promotes smuggling through that country. It’s an excellent...
The government puts the "arbitrary" in "arbitrage"
Is a fourth exchange rate on its way? El Nacional’s very own economics Lois Lane, Blanca Vera Azaf, seems to think so. The money quote: “The proposal –...
Tail-between-my-legs Chronicles
Venezuela is now the riskiest country in the world. This damning-yet-not-completely-unexpected development is not unrelated with what is happening in Buenos Aires. Argentina, who for years has been...
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