The Venezuelan government finally blinked when it came to financial pressures by devaluing its currency on January 8th. The rate of the Bolivar Fuerte had been pegged at 2.15 to the dollar and is now 2.6 for essential supplies and 4.3 for luxury goods. Last week the value of the dollar on the parallel market […]
Rafael Caldera, the last Venezuelan president to serve in office prior to the administration of Hugo Chávez, passed away on Thursday. Interestingly, Caldera’s terms seem to have book-ended the more democratic period of the country’s history. In 1946 Caldera founded COPEI, a Social-Christian political party. In 1958 he played an instrumental role in the Punto […]
On Monday, Hugo Chávez accused Colombia of using a US-manufactured spy plane to over-fly its airspace. Colombian officials denied not only that this happened, but stated that their military did not have such the required military technology. The retort from Bogotá via its Defense Minister, Gabriel Silva, included a little bit of humor: perhaps the […]
Overview This past year was another interesting one for Venezuela, and it is a country where one never knows what will happen next. Overall, Chávez continued to advance his “Bolivarian revolution”. This effort included a number of laws passed by the National Assembly, a body that typically rubber stamps initiatives proposed by the Venezuelan president. […]
Socialism and energy have a peculiar relationship to each other. In most countries, no matter who owns the surface land, the subsurface rights to the oil, gas, or (sometimes) minerals, belongs to the national government, and, in theory, the people of the country. The idea did not start with the 20th century: kings and rulers […]
At a party last year, an acquaintance asked me why Hugo Chavez, the President of Venezuela, was so anti-Israel. How were Israel and Jews a threat to him? Since Chavez has been president, anti-Semitic behavior in Venezuela (not known as a hotbed of anti-Semitism) has increased noticeably with attacks on synagogues and against the tiny […]
How is it that Venezuela, awash in energy resources, experiences blackouts? Although it is a global leader in oil production, most of the country’s power comes from hydroelectric dams, including one of the word’s largest, Guri. Unfortunately a combination of drought and failing infrastructure has severely reduced capacity for power-generation. A NYT article gives a […]
The Venezuelan government is, once again, moving soldiers to the border region with Colombia. The 15,000 troops are intended to “increase security, combat drug trafficking and root out paramilitary groups”. It seems like déjà vu, as Chávez sent 6,000 soldiers there in March 2008, after Raul Reyes of the FARC was killed on Ecuadorian territory. […]
The kidnapping and murder of at least nine Colombians along Venezuela’s border region during late October once again increased tensions between the two countries, which are already on shaky diplomatic terms. An article within El Universal gives a nice overview of recent political exchanges between Caracas and Bogotá. The Venezuelan vice president, Ramón Carrizález, declared […]
The latest body of a Colombian migrant – now the eleventh – was recently found along the border region of Venezuela. The victim had been playing pick-up soccer when kidnapped two weeks ago. Who would massacre these Colombians, and to what end? It may be an extreme sign of anti-immigrant sentiment within Venezuela; Colombians make […]
Another body of a Colombian migrant – now the eleventh – was recently found along the border region of Venezuela. The victim had been playing pick-up soccer when kidnapped two weeks ago. The Colombian and Venezuelan governments have each traded accusations related to the incident, leading to increased tensions. Who would massacre these Colombians, and […]
Baseball is a national obsession in Venezuela, drawing as much or even more attention than the country’s beauty industry. The season began a little over a week ago. Whereas other South American countries focus on “fútbol” (a.k.a. soccer), Venezuelans are diehard baseball fans. What is the atmosphere in the stadiums? Just imagine the most raucous […]
On Wednesday, President Hugo Chávez of Venezuela urged his countrymen (and women) to make efforts to conserve water and electricity. The most likely reason that citizens will not use these resources, however, is not due to patriotism, goodwill or a penchant for conservation, but because they have no choice – there have been ongoing water […]
Although oil prices recently reached a 1-year high, the Venezuelan economy continues to struggle. Last week the government announced a series of steps intended to promote growth and raise employment, while reducing inflation. More information can be found here. In terms of specifics, the Venezuelan economy grew at 4.8% last year, but GDP declined by […]
In the past few years we have seen Venezuela as an arms recipient, but does it now qualify as an arms dealer? In late September the Chávez administration donated six combat airplanes to Ecuador. Despite the weapons transfer, relations between Colombia and Ecuador appear to be on the mend, with talks about the resumption of […]