Robert Serra's safe was hidden behind a portrait of Chávez
How perfect a detail is that? Sandra Guerrero has lots more where that came from over in El Nacional – all of it, I’m afraid, anonymously sourced. Serra, it now appears,...
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The predators from Riyadh
Yesterday, French economist Jean Tirole won the Nobel Prize in Economics for his work in understanding imperfect markets such as monopolies or oligopolies. Personally, Tirole has been a...
Of Default and "Default"
Consider “default”. It’s a tricky one: both an ordinary English word and a term of art with a specific, legal definition in the field of finance. There’s a reason why this ordinary word is...
Almost one
On the heels of Nicolás Maduro’s absurd attacks on Ricardo Hausmann and Miguel Ángel Santos, today we hear from Harvard professors Carmen Reinhart and Kenneth Rogoff on the issue...
Ant-colored Polling
The September IVAD poll is on a level of awful that must be making the government think twice now. Consider: 70% of respondents have little or no confidence...
Graph of the day
I’m not sure what the calculations were to get at this number, but the figure is significantly lower than Monaldi’s estimate of $200 as a breakeven price. Regardless,...
Are we ready? Of course not
I don’t want to cause panic, folks, but reading stories like the one about the nurse who contracted the ebola virus in Madrid doesn’t help quell collective nerves. Heck,...
Citgo on the block again?
As pundits mull Venezuela’s big win in yesterday’s ICSID ruling on the ExxonMobil case (don’t miss this interesting comment from Venetexan), the Maduro administration continues to ponder what to do about...
ICSID says Venezuela owes Exxon $1.6 billion
That’s what Bloomberg’s Nathan Crooks is reporting. Exxon was suing Venezuela for compensation stemming from Hugo Chávez’s forced nationalization of its assets. We’ll see how the market interprets this ruling.
A cartoonish affair
The aftermath of the murders of PSUV MP Roberto Serra and his assistant María Herrera last week, along with the discussion on who was behind them and why, has grabbed the...
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