Daily Archives: 09/05/2010

Guri’s woes worsen

Caracas Gringo warned in October 2009 that the Guri Dam was at growing risk of suffering a catastrophic failure that could destroy most of its hydro-power generation infrastructure. The risk that Guri could suffer a catastrophic failure is substantially greater … Continue reading

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Under Pressure

The Central bank reports that Inflation in April was 5.2%, reaching 11.3% for the year through 30 April. Annualized inflation as of end-April was running at 30.4%, but former Central Bank economist Jose Guerra forecasts that full-year inflation will top … Continue reading

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