The theme for this year’s World Economic Forum (WEF) at Davos is ‘Globalization 4.0 – Shaping a global architecture in the age of the fourth industrial revolution’. That may sound like a daunting challenge for business and world leaders, but … Read More
Venezuelan soldiers took part in military exercises on the Colombian border on Sept. 10. (Johnny Parra/EPA-EFE/Shutterstock) BOGOTA, Colombia — Thinking up ways our all-encompassing crisis could get even worse has become a grimly popular parlor game for Venezuelans. For years, … Read More
A pump jack stands at a Petroleos de Venezuela SA (PDVSA) Petropiar facility in El Tigre, Venezuela, on Sunday, Oct. 14, 2018. State-owned PDVSA doesn’t publish statistics, but environmentalists and analysts keep seemingly endless lists of examples of wayward crude … Read More
Dorian lashes the Carolinas with driving rain and fierce winds after devastating the Bahamas and killing at least 30 people. An Isle of Palms resident clears the drain during Hurricane Dorian in South Carolina, USA on September 5, 2019. (AP) … Read More
KEY POINTS One “critically important” thing to a trade deal is unity from allies — and it is in the “self-interest” of Europe, Japan and others to work with the U.S. on those trade issues, he added, said former top White … Read More
This video of Venezuelan garbage men throwing away trash bags of paper money caught my attention today: Prof. Steve Hanke@steve_hanke Note: See video at source The clip is real and that really was Venezuelan money. However, the catch here is … Read More
| The Venezuelan leader has confirmed that he is in talks with the Trump administration. -AFP Venezuela’s embattled President Nicolás Maduro said he had been in talks with the Trump administration for months, even as the US ramped up its … Read More
Americo De Grazia (L) and other allies of Juan Guaidó participate in a mass protest against Nicolas Maduro’s regime in Caracas on April 10, 2017. (Federico Parra/AFP/Getty Images) BOGOTA, Colombia—The regime of Venezuela’s Nicolás Maduro lashed out at the country’s opposition-run congress this … Read More
FEDERICO PARRA, JIM WATSON/AFP President Donald Trump has ordered a freeze on all of the Venezuelan regime’s U.S.-based assets. In a press release on Tuesday, the White House announced they were “cutting off financial resources from Maduro and his cronies” while “isolating … Read More
Venezuela’s state-run economic model wasted the world’s largest oil reserves. The country owes $100 billion to foreign creditors. Its educated, professional class has fled. Economic shock therapy, implemented in regions like the former Soviet bloc, could be its only chance. … Read More