Monthly Archives: May 2010

Memorial Day

The last Monday of May (31 May in 2010) is Memorial Day, honoring all Americans who gave their lives in defense of their country. Semper Fi.

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Carlos the Jackal: No Chavez, No Revolution

President Hugo Chavez said on 27 May that 21st Century Socialism will tear down (“derribar”) the “three pillars of the capitalist system.” Chavez says that the three pillars his revolution aims to demolish are private banking, imports and land ownership. … Continue reading

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Diving into the heart of violence in Caracas

L’Express of Paris has published a series of excellent articles by award-winning French investigative journalist Delphine Saubaber: “Plongée au coeur de la violence à Caracas,” reinforced by the powerful images captured by Venezuelan photojournalist Juan Toro. Ms. Saubaber’s articles are … Continue reading

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GS on Venezuela: Bad to Worse

The performance of real activity deteriorated significantly since late 2008 as the decline in oil export revenue exposed brewing imbalances that had been contained by a wall of liquidity during 2003-08. Under the weight of years of interventionist policies, hopeless … Continue reading

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Sinking in a Sea of Socialist Felicity

It’s cool to be King President Hugo Chavez said during his weekly “Hello President” on 23 May that he plans to discuss soon with Italy’s ambassador to Venezuela “a special financing mechanism similar to what we now have with China.” … Continue reading

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Chavez scolds Citgo

President Hugo Chavez instructed his energy minister last night to schedule a meeting immediately with Citgo’s board of directors. During a televised “reunión de trabajo” with senior government officials at Miraflores Palace, Chavez said that Citgo is “not a gringo … Continue reading

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Hugo Chavez, Abbott & Costello

How does a Bolivarian cabinet session chaired by President Hugo Chavez differ from an Abbott & Costello skit?

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Blues for Neil

Some blues for my old friend Neil in Caracas…and for blues lovers everywhere.

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El General Jalabolas Lamebotas

National Guard Division General Luis Bohorquez Soto, commander of the GNB’s 4th Regional Command (CORE 4) headquartered in Barquisimeto, is groveling for a presidential promotion. Or, perhaps, he’s just trying to save his ass from retribution after being outed as … Continue reading

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Aban’s Rusted Pearl

Until it sank in Venezuelan waters, the Aban Pearl semisubmersible drilling rig was Aban Offshore’s highest earning asset with a daily operating rate of $348,000 on a contract lasting through 2014. Indian news sources report that Aban Offshore has a … Continue reading

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