The fate of Lácteos Los Andes, cont.
Back in April, State-owned dairy Lácteos Los Andes was in pretty critical shape, according to its workers. Almost four months later, it got worse. Company-staff held a protest on...
Economy
Nineteen Eighty-Four on the Cheap
Damian Pratt takes a moment to commemorate the one year anniversary of that epic cadena in Caruachi last year – you remember, the one where Chávez’s handpicked audience...
Jesse Chacón's report card
Shortly after taking office as the new Electricity Minister, Jesse Chacón made a big pledge: he would resign from his post if his 100-day plan did not achieve...
Forgive me blogger for I have sinned...
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The Maduro corruption tax = 60%
An excellent article from El Nacional on the high cost of building power plants in Venezuela. Because the government has basically sworn off procurement auctions, and instead resorts...
"Pico y Placa" Chronicles
Just four months before the 8-D local elections, the central government has suddenly discovered there’s total traffic chaos in Caracas and now wants to do something about it....
What will the new Culture Law bring?
During yesterday’s infamous session at the National Assembly, Chavismo also approved the highly controversial Organic Culture Law. Rojo rojito culture has already done serious damage over the years,...
Requiem for a tool
Today the Central Bank of Venezuela saw a changing of the guard. Out went recently-named president Edmee Betancourt – a protege of the radical wing of the economists...
The empty piggy-bank
Business Insider cites a report by BofA economist (and amigo de la casa) Francisco Rodríguez, explaining how the dramatic drop in Venezuela’s foreign reserves is caused almost exclusively by...
The roadmap
I’m currently reading “The Quest for Prosperity,” a terrific book by the former Chief Economist of the World Bank, Justin Yifu Lin. It’s a highly-recommendable read for those...
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