Permuta Redux
From the moment the government cracked down on the old dollar “swap market” (a.k.a., the permuta) back in May 2010, it was perfectly clear that something very much...
Economy
Once upon a time, there was a dog track in Margarita
In the late 80’s, my dad took me and my sister on holiday to Margarita. We drove all the way to Puerto La Cruz and then ferried to...
Mercosur Musical Chairs: Paraguay Out, Venezuela In (and it makes zero difference...)
Well, that didn’t take long: in the wake of Fernando Lugo’s quickie impeachment, Mercosur has suspended Paraguay’s membership in the trade block…which, magically, removed the one big obstacle...
A tourist in my hometown
I spent Christmas and New Years in Maracaibo, and I promised CC readers I would take a ride on the Metro while I was there. The Metro opened...
Off the beaten path
Just a quick post on two interesting things I read today, from a couple of blogs that deserve more traffic. First off, Off the Wire has an excellent...
Exxon lost against PDVSA, but it's still playing against Venezuela
So the blogging on this PDVSA vs. ExxonMobil case has gotten mighty interesting over on Devil’s Excrement. This is a really major story, and props to Miguel, he’s...
We interrupt your New Year's day hangover to inform... (UPDATED)
…that 2012 has started very well for the Chávez administration. In a decision that I still can’t really quite fully believe, a World Bank International Chamber of Commerce arbitration...
We are geniuses
Well, that didn’t take long. A mere day after the SUNDECOP began “controlling” the prices for all goods and services in the economy, we are hearing from the...
FAQCh
A FAQ about the new “Law of Fair Prices and Costs,” using chavismo’s own words. Q: So I hear there is a new Law of Fair Costs and...
Evrofinance Mosnarbank - no, that's not a Maracucho name
Ever heard of Evrofinance Mosnarbank SA? Me neither…which is funny, considering – as Daniel Cancel documents in this lovely in-depth report for Bloomberg – it has recently displaced...
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