Adrift in Caracas
I’m in Venezuela this week visiting friends and family, so I’m not going to be posting much. However, I did want to convey the very strong sense that...
Economy
Venalum on strike
Since the start of the month, State-owned aluminium producer Venalum has been on strike. Three weeks later, the conflict has heated up between company workers and management, which has brought...
The Long View on Oil-to-China
Over on Global Barrel, Tom O’Donnell makes the case that the Venezuela-China oil relationship has now reached a kind of critical mass that will keep it going far into...
The slow meltdown of EFE
Founded in 1926, EFE is the oldest ice cream maker in Venezuela. It is now on serious danger of going bankrupt. The company (owned by Empresas Polar since 1987)...
How to give Juan Nagel a heart attack in two minutes and 21 seconds...
As the hat-tipee put it, “Son tan descarados que no les importa usar la verdad como argumento.” [Hat tip: Moncho.]
A move in the right direction
For all we talk about policy in this blog, I’m glad I’m not a politician. I’m relieved I don’t have to repeat talking points or, gulp, lie. Very...
The China connection
Over at Foreign Policy’s Transitions blog (apologies, but you need to log in to read the piece), I take a break from my vacation to discuss the link...
Wartime economic dislocations, without a war
I couldn’t get the chart itself, but The blurb under Monday’s Bloomberg Chart of the Day tells its own story: The bolivar is one of only five currencies...
Paquetapocalypse Later
This Bloomberg piece describing changes in chavista financial management sort of raises more questions than answers, if you ask me. According to Joshua Goodman and Charlie Devereux, this… Last...
Some things are priceless; your currency shouldn't be one of them
So these two stories have been making the rounds recently. The first has Caracas as the 9th most expensive city in the world (comically sandwiched between Paris and...
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