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...
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...
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...
From an AVN story about a meeting Hugo Chávez held yesterday with the Chinese: “Chávez … explained that Chinese banks give out loans to Venezuela and, in exchange,...
The Venezuelan government is now facing over $40 billion in arbitration claims relating to 19 cases at ICSID, the World Bank’s arbitration panel. (A few of those claims...
Deep in his comment section, the Satanic Bowel Movement turns up the smoking gun in the case for thinking Fonden’s books will never ever make sense to an...
Venezuela hosts one of the world’s largest gold mines, and we know it’s going to be developed now because the concession is in the capable hands of: Dot...
So now that we have those Fonden disclosure documents, it’s time to jump into the minutiae. Of course, we only have detailed 5-year disclosures for $40 billion out...
Perhaps the most important aspect of The Fonden Papers doesn’t have to do with the $29 billion tabulation screw-up. Indeed, innocent explanations might account for that. Perhaps the...
This isn’t a massive, government-shaking scandal. But it should be. That’s right, it’s the full, scanned version of the Fonden report we promised you two weeks ago: the...
MINCI’s propaganda pitch on the virtues of expropriating the Gold mining sector pushes the boundries of revolutionary non-sequitur. Consistently recasting mining practices that are – and always have...
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