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Economy
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...
Fruto Vivas and the Farruco doctrine
Well-known Venezuelan architect Fruto Vivas (seen in the photo) has been in the news lately: one of his most famous works, the former Venezuelan pavillion of the Expo...
Sanity 1, Samán 0
Earlier this month, butchers across the land went on strike, fed up with both constant harassment by INDEPABIS and price controls that force them to sell at a loss....
Singin' the carpeta blues
(A personal experience with SICAD, from a loyal reader who wishes to remain anonymous) The company I work for imports technology services for primary economic activities. The products...
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