Paranoid much?

Want to make Rafael Ramirez really uncomfortable? Start talking about the need for a Transitional Government, no matter what the context. The United Nations Security Council expressed support for Syria mediation efforts on Monday, but in a rare move Venezuela dissociated itself from references in the statement to any mentions of political transition and or transitional…

Chavismo’s LGBT Problem

A couple of weeks ago, CC fellow blogger Audrey M. DaCosta wrote about Tamara Adrian, Venezuela’s fist-ever transgender candidate for public office. Her story made headlines and shone a much needed spotlight on the LGBT agenda in Venezuela. Now, thanks to Chavismo’s handling of their own gay and transgender candidacies, Adrian’s run for office has…

Fact-Checking the Perrarina Canard

You’ve heard it. Everyone’s heard it. In the early 1990s, the Venezuelan economy got so bad, poor people were forced to eat “Perrarina”, the popular dry dog food brand. But…is there any substance at all to this story? El Pitazo, one of the new crop of Venezuelan digital media outlets created followed the dismantling of the…

In Defense of Guerrilla Capitalism

Rigid price controls, coupled with strict controls over the movement of food from one place to another, can break down society’s ability to feed itself. It’s a lethal combination. Put them together with enough political repression and the result can be famine. In Ukraine, in the 1930s, the combination of policies that made it impossible for…

Accountability, Jesse Chacón Style

Remember Jesse Chacón, Venezuela’s Electricity Czar? The guy’s useless at getting power flowing smoothly, of course, but you do have to give him credit for absolutely incredible, titanium-plated cojones. It was way back in April 2013 that Jesse famously promised to resign in 100 days if electric supply problems were not fixed. The supply problem was,…

VENZ/PDVSA: The Mixed Martial Arts of Bond Trading

Friend of the blog and Economist DAUZ shares a guest post about the Indiana Jones-meets-Wolf of Wall Street reality that is dealing in Venezuelan debt instruments. Interested parties (read: tropical adrenaline junkies, Bloomberg enthusiasts, and PDVSA bondholders) will surely geek out on this colorful, slice-of-life from the trading floor.  It’s days like February 10th, 2015, that…

Baduel Paroled

General Raúl Baduel was granted parole yesterday after serving six years out of an eight year sentence on trumped up charges of embezzlement. Chávez’s one-time Defense Minister, and the man who organized his return to power by mobilizing the Parachute Regiment in his defense on April 13, 2002, General Baduel had been tried on transparently…

We also look out for the reading-impaired

Non-reading TSJ magistrates and Central Bank economist can rest easy, thanks to Nelson Bocaranda´s feature of Anabella and Barbara´s open letter to the TSJ in his prime-time radio show today. Maybe TSJ folks just needed our request in audio format to get the memo. Yeah, that´s probably it. Listen in to Anabella´s on-point interview, which…

Another Return to Caracas Chronicle

Caught the red eye to Barcelona. Barcelona, Anzoátegui, that is. Blood-shot eyes. Mosquitoes big as helicopters, and the wait. That absurd time-bending wait while an immigration officer chats on her phone, one kid cries, the other drools over your shoulder, and you are about to lose your connecting flight. As the immigation officer giggled, a…