G.M.V.V. Chronicles, ctd.
A fire broke out last week in the improvised shelter for displaced people located in La Rinconada, Caracas’s racetrack. After the fire was put out, the shelter spent...
Economy
The electricity crisis is escalating quickly
Failures in the national transmission system produced two major blackouts in the Western part of the country last week: one on Wednesday and another one last Saturday. The...
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...
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...
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