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Economy

¡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...

Francisco Toro September 21, 2011

Life

Nine Years

On September 20th, 2002, the very first Caracas Chronicles post hit the interwebs. Today, just like back then, …the slow-motion train-wreck that is Venezuela under Chávez is full...

Francisco Toro September 20, 2011

Politics

Not that there's anything wrong with that...

Just when you thought there weren’t any rhetorical depths left for chavismo to plumb, we get this: “Miranda deserves a governor with a wife and daughter.” -Elías Jaua...

Francisco Toro September 19, 2011

Economy

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...

Francisco Toro September 19, 2011

Economy

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...

Francisco Toro September 18, 2011

Life

Johann Hari busted for the wrong thing

I won’t pretend otherwise: I found British columnist and PSF-extraordinaire Johann Hari’s fake-quote-fueled disgrace (complete with having to drop the “award-winning” from his CV) especially gratifying. Busted for plagiarizing...

Francisco Toro September 17, 2011

Politics

Your move, Luisa Estella

The Interamerican Court on Human Rights has just announced that Leopoldo López should be allowed to run for President. Supposedly, these rulings are binding in Venezuela. No idea...

Juan Cristobal Nagel September 16, 2011

Economy

主權? Try 賣淫

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,...

Juan Cristobal Nagel September 16, 2011

Economy

Please, Take my Oil Company

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...

Francisco Toro September 15, 2011

Life

Piñata Alert

So, there will be a three-month lame-duck period between the October 7th, 2012 presidential election and the next innauguration on January 10th, 2013.  What could possibly go wrong?...

Francisco Toro September 13, 2011

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