Who will be the Steve Jobs of the CCT?
So I had a fun back-and-forth with P. Challenger in comments about what it might take to end Venezuela’s insane – I really don’t think there’s another word...
Economy
Worst. Social policy. Ever!
Imagine a candidate who went to the country with this message: Compatriotas! When I am president, I will finally spread the oil wealth fairly. What I’ll do is,...
As if Venezuela didn't have enough loss-making state owned companies of its own...
…now it’s taking on Uruguay’s, as well. Sigh…you’d think one thing we wouldn’t need to import is public sector money pits. [Hat tip: Setty, who else?]
It's crazy numbers day at Caracas Chronicles
So I realize it’s Friday night and nobody’s reading blogs right now, but I couldn’t let this item pass un-commented… Venezuelan oil firm to inject $45 billion into...
Global Barrel of Laughs
If you don’t already check Setty’s blog compulsively, here’s another reason to. Setty’s especially good at ferreting out online material that ought to be getting much more exposure...
The Red Apertura and the forgotten art of disarming atomic bombs
Here’s a factoid you’d do well to squirrel away: through a crazy quirk of geology, there’s more recoverable oil under Southern Guárico, Anzoátegui and Monagas States than anywhere...
Minister of the People's Power for Trash Talking About Housing
Today, housing minister Ricardo Molina called together a bunch of media for a ceremony in Táchira to deliver 48 new homes. Forty eight! Except, as Julio Borges keeps...
¡Que Ovarbaridad!
What do you call a firm that had existed for less than three months when it landed a $252 million contract to sell a PDVSA-subsidiary (Bariven) equipment that...
Bs.564 million, down the toilet
On Saturday, Chávez announced another Bs.564 million rescue to try to plug the neverending financial shortfalls facing the Nationalized Guayana industries. There’s enough candy for everyone in that piñata: Alcasa...
Electric Kool Aid Acid Guiso
You remember Chávez’s Electrical Emergency Decree, right? Signed during the blackout-prone days of early 2010, it allowed state agencies to circumvent normal public sector procurement processes to obtain...
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