Venezuela

venezuelaanalysis.com

What do you do when your country’s foreign reserves are dropping at a rate that would make avid bungee jumpers nauseous? If you’re left-wing Venezuelan President Nicolás Maduro, you take strong, decisive macroeconomic action.

You withhold dollars from Mickey Mouse.

Yessir, you discourage your countrymen from traveling to Florida, by further restricting the amount of dollars they can spend there with their bank credit cards – from $2,500 to $700.

Pilar Calderon / Presidencia de Colombia

Today’s international affairs quiz: Would you rather see Venezuela denied a temporary seat on the U.N. Security Council, or would you prefer to see an end to Colombia’s eternal civil war?

Pick one. Can’t have both.

That’s at least what Colombian President Juan Manuel Santos told me this week during our interview in New York, where he and a host of other heads of state are gathered for the U.N. General Assembly.

Wikipedia.org

Let’s be clear: Breast implants are no laughing matter.

Women who’ve had mastectomies can depend on them. Women who’ve had self-esteem issues can turn to them. And if they’re defective, women can die from them.

But let’s be honest: When the Associated Press this week reported a shortage of breast implants in Venezuela – the latest of a host of product scarcities in that whack economy – a lot of people chuckled.

YouTube

  A YouTube video has become a tear-jerker hit among opponents of Venezuela’s socialist government.

An unidentified young woman stands up in a Caracas metro car and screams at fellow passengers. Wearing a T-shirt that says, “He who rests loses,” she rails for a good five minutes at the authoritarian shambles Venezuela has become under the Bolivarian Revolution the late Hugo Chávez began 15 years ago.

Simon_sees / Flickr/futureatlas.com

It’s going to get even tougher to find a seat on a flight to Venezuela now. International airlines are cutting if not ending their service to the South American country. And that now includes the major U.S. carrier  – American Airlines.

El Nuevo Herald (courtesy)

El Nuevo Herald journalist Antonio Delgado reported something pretty nauseating this week.

In his excellent May 19 article, Delgado details the opulent Coral Gables lifestyle enjoyed by the new owners of the Venezuelan television news network Globovisión.

C.M. Guerrero / El Nuevo Herald

Not one but both Florida Senators came to Doral Thursday morning to show solidarity with the state's large Venezuelan community.

In their bipartisan appearance at the Arepazo Dos restaurant, Democrat Bill Nelson and Republican Marco Rubio said U.S. sanctions against Venezuela's socialist government - which has been widely criticized for its heavy-handed response to anti-government protests - may be a stronger possibility now. 

Hear the full story below.

C.M. GUERRERO / EL NUEVO HERALD

The Miami Herald Media Company has a new president and publisher—and it didn't have to look too far. Alexandra Villoch, currently Senior Vice President for advertising, will start her new role on April 14th. The announcement was made to a receptive room mostly comprised of Herald employees.

Villoch is the first woman to fill the role in the company's 110-year history.

Flickr

It may or not be a coincidence that Cuban leader Raúl Castro disclosed his new foreign investment law this week just as Venezuela was getting another big thumbs-down from the financial world.

Cuba’s threadbare communist economy depends on kindred benefactors like socialist Venezuela. But as that oil-rich country’s own economy continues to implode – the Fitch Ratings company downgraded Venezuelan credit to “Outlook Negative” on Tuesday – Castro has no choice but to open his island’s rusted doors more broadly to capital, capitalism and capitalists.

Flickr

Caracas suffered another big power outage on Tuesday. The blackout shut down a hospital and a metro line and left large swaths of the Venezuelan capital without juice for much of the day.

One official response could be an upgrade of oil-rich Venezuela’s antiquated power grid. Another might be more spurious arrests of opposition politicians.

I’m betting on the latter.

That’s because the socialist government of President Nicolás Maduro seems much more skilled at finding scapegoats than at fixing problems.

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