Spawn of Samán
Times are pretty tough for INDEPABIS, our (sort of) Consumer Protection Agency. With the current wave of shortages, they’re way, way overstretched. Now, a major corruption scandal involving a...
Economy
Graph of the day
Accompanying article here. The money quote It turns out that the profusion of oil wealth might actually make the roads more dangerous due to something political scientists call...
Hard-knock life in a "socialist city"
Not long ago, the Caracas housing complex known as Ciudad Caribia was being touted by the then-living comandante supremo as the model of a “21st Century socialist city”,...
Money down the toilet
Bloomberg’s Charlie Devereux, Corina Pons, and Sebastian Boyd are reporting that Venezuelan Finance Minister Nelson Merentes will soon hit the road to see what appetite there is for...
Brand new airport, same old planes
Last week, Aragua State Governor Tareck El Aissami said that the El Libertador Air Force Base (near Maracay) would become a civilian airport for domestic and international flights....
OPEC, fracking, and Rafael Ramírez
You know what’s hugely important and we don’t know much about? OPEC. This article from today’s Wall Street Journal talks about the fracking revolution, and how it creates...
Even the "food sovereignty" is imported...
Food Minister Félix Osorio (brother of his predecessor, Carlos) has indicated that at least 26,000 tons of food (just under 1 Kg. per person) have been arriving to...
One man's "acuerdo" is another man's "privatización"
PDVSA has been very active as of late. On May 15th, it signed an agreement (“un acuerdo”) with China’s CNPC, to increase its production in the Carabobo area...
Parking in Caracas is getting harder
Almost a year ago, I wrote a post about the ordeal that drivers in Caracas and other Venezuelan cities face every day just to find an available parking...
Bandes's not-so-great overseas adventures
Back in 2006, the Venezuelan state’s development bank BANDES decided to expand its operations overseas by starting a commercial branch in Uruguay. Five years later, Bandes Uruguay announced...
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