October 8, 2013

In Venezuela, It's Still 'Yankee Go Home'

Charles Shapiro, Los Angeles Times

The Associated Press

What's really going on? Maduro needed a scapegoat. The Venezuelan economy is a mess. Inflation is running at more than 40% over last year. The black-market exchange rate for the bolivar is almost six times the official rate. Shortages of consumer products are common. (Maduro's solution to a toilet paper shortage was to order the Venezuelan National Guard to occupy a company that produces paper products.) Increasingly, Maduro blames his country's domestic economic woes on sabotage, hoarding and conspiracies. He even cited Spiderman movies as the reason the country's murder rate has doubled in 14 years.

Read Full Article ››

TAGGED: United States, Nicolas Maduro, Hugo Chavez, Latin America, Venezuela

RECOMMENDED ARTICLES

October 3, 2013
Is Fredo Corleone Running Venezuela?
Roger Noriega, Miami Herald
Imagine if The Godfather character, Don Vito Corleone, died and left his hapless son, Fredo, in charge of the family business. That is essentially what happened in Venezuela when the caudillo Hugo Chávez died last year and... more ››
October 8, 2013
Venezuela: On the Path to Implosion
Washington Post
Unwilling or unable to take steps to stabilize the economy, combat the mounting violence in the streets or stop rampant corruption, Mr. Maduro has taken to ranting about supposed conspiracies to cause shortages or power outages... more ››
October 7, 2013
U.S. & Venezuela: Anatomy of a Breakdown
Jim Wyss, Miami Herald
From shutdown-showdown Washington, Maduro’s decision to throw in the towel at the first tap on the jaw and then eject three diplomats on flimsy “sabotage” charges is a sign that he’s looking for scapegoats... more ››
October 4, 2013
Who Are the World's Craziest Rulers?
Robert Colvile, Daily Telegraph
Yahya Jammeh's decision to leave the Commonwealth, and subsequent outlining of his more unpleasant characteristics, has reminded us that there are still some old-fashioned brutes plugging away out there – and, more... more ››
September 30, 2013
Venezuela Is Running Out of Toilet Paper
Raul Gallegos, Bloomberg
Venezuela's government is known for its state-must-do-it-all mindset, inherited from late President Hugo Chavez and his radical followers, known as Chavistas. But late last week, the notoriously inefficient government went... more ››