BCV: Who needs numbers when you have a well-dressed waitstaff?

Somewhere between not publishing official economic data and overseeing a banknote printing frenzy on steroids, Venezuela’s Central Bank (BCV) still finds time for the mundane. According to this tweet from Bloomberg News correspondent Nathan Crooks, our maximum monetary authority just announced an open tender for the procurement of (and I’m not making this up) tuxedos for waiters. As in,…

Another day, another party-jacking

It wouldn’t be an ordinary week in today’s Venezuela without the highest court in the land taking over a political party to appoint a pro-government clique to lead it. This week saw the turn of the National Integrity Movement, better known as MIN-UNIDAD. The Constitutional Chamber admitted a motion by Alix Ramon Medina, head of the MIN’s Barinas State branch, who…

Grand Theft Political Party

It’s become commonplace: our highest court gets involved in the internal affairs of political parties. This week the gauntlet fell on two more: Bandera Roja (Red Flag), a once guerrilla group that decided eventually to replace the armed struggle for the electoral one, and Christian Democratic party COPEI, one of the main Venezuelan political parties of the pre-Chavez era. On…

Rafael Esquivel’s “family businesses”

EfectoCocuyo has fresh details on several companies connected to disgraced, jailed former Venezuelan Soccer Federation chief Rafael Esquivel that were handled by a small group of relatives and associates. According to EC’s report, Esquivel himself is personally involved in four Florida-registered companies: La Isla Corp., Esqui-care Center, Grupo Esquivel and Grupo Los Robles. Esquivel’s nephew, Luis Damián…

Pan-Am Flim Flam

The 2015 Pan American Games ended last Sunday in Toronto. The U.S. delegation came on top in the medal table, followed by the host country Canada, which achieved their best performance ever in the history of this continental multi-sport event. What about the Venezuelan delegation? How it went up north to what the central government…