Tag: venezuela

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‘In a unanimous ruling hailed as “a major victory for human rights and corporate accountability,” the Canadian Supreme Court declared on Friday that a group of Ecuadorian villagers can pursue a multi-billion pollution lawsuit against oil giant Chevron in the province of Ontario. “The law has finally caught up with Chevron,” the nonprofit Amazon Watch […]

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‘Colombia and Venezuela recalled their ambassadors from Caracas and Bogota because of a crisis on the border of two countries. Venezuela declared that it would close the border in the State of Táchira for 72 hours, but President Maduro ordered to extend the closure for an indefinite term and declared a state of emergency for […]

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‘Colombia has urged Venezuela to reopen its borders with its western neighbor after Caracas declared an “indefinite” closure of borders in response to an assault by unidentified assailants on a Venezuelan military patrol. “If it’s for security reasons, the response should not be to close the border. It rather should be to cooperate more effectively […]

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‘It’s hard imagining Venezuelans rejecting Bolivarian governance under Chavez and now Maduro – responsible for vital social benefits most Americans can’t imagine, including free education to the highest levels and universal healthcare. Despite economic hard times because of destabilizing US policies and low oil prices, Venezuelans reject returning to the ugly pre-Chavez past. The support […]

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‘An image is going round that sums up just how ridiculous Venezuela’s economy has become. A Reddit user uploaded a picture on Monday of a man using a 2 bolivar note to hold an empanada. According to Venezuela’s official bolivar-dollar exchange rate, the man using his money as a napkin is wasting about $0.31 (£0.20). […]

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‘Venezuela’s Chavista regime is expropriating en masse, and is even dislodging one of the nation’s Most Precious Resources: food distribution centers . The latest confiscation, Announced on July 30, goes after the nation’s chief food and beverage suppliers – Polar Foods, PepsiCo, and Nestle – to make way for more housing state in the lead-up […]

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‘As Venezuela’s economy continues to worsen — its currency having entered “free fall mode,” according to the Financial Times — the desperate Maduro government has taken the extreme measure of nationalizing the nation’s food industry. Venezuelan farmers and food producers are now required to sell anywhere from 30 percent to 100 percent of their products […]

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‘In a policy move that is sure to worsen Venezuela’s economic condition and impose more suffering on the country’s population, President Nicolas Maduro pledged recently to nationalize food distribution amid record shortages of the most basic goods, skyrocketing inflation and a deepening financial crisis. Maduro – a longtime bus driver and left-wing union activist who […]

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‘Over the years, we have repeatedly poked fun at the transformation of Venezuela into a “socialist utopia” – an economy in a state of terminal collapse, where the destruction of the currency (one black market Bolivar is now worth 107 times less than the official currency’s exchange rate) and the resulting hyperinflation is only matched […]

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‘With oil prices under great pressure, the government of Venezuela can no longer finance its socialist program. Having nationalized countless companies and replaced their managers with cronies of the ruling party, while restricting the remaining private sector in every imaginable way – de facto creating a full command economy that is a mixture of the […]

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‘Draitser argues that Venezuela and Guyana’s despute over the Essequibo region is a new front in the destabilization of Venezuela The ongoing border dispute between the Bolivarian Republic of Venezuela and its eastern neighbor Guyana is no simple disagreement over an arbitrary line on a map. Actually, it is a conflict of significant political and […]

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