On Sunday evening, as initial polls of Bolivia’s presidential election showed Evo Morales as the decisive victor with nearly 60% of votes, the South American leader dedicated his victory to the Cuban Revolution, Fidel Castro, and late Venezuelan president Hugo Chavez.
On Sunday, Venezuelan education and technology minister Manuel Fernandez signed a contract with China Great Wall Industry Corporation to build and launch the South American nation’s third satellite into space.
The Post’s opposition to Venezuela’s aspiration to a UN Security Council seat and its criticism of the Maduro administration has been challenged by the Council on Hemispheric Affairs (COHA) and diplomatic sources, published together here.
Yesterday evening after presenting at the United Nations Summit on Climate Change, Venezuelan president Nicolas Maduro seized the opportunity to visit community leaders, local activists and grassroots groups in an event hosted by Hostos Community College of the South Bronx, in New York City.
Over the weekend Beijing funneled another US$2 billion into the Joint Chinese-Venezuela Fund, for use in Venezuelan government’s ever-advancing housing mission. This morning the US finance journal Bloomberg fueled investors’ fears of default by claiming hedge funds are circling to fill in “a vacuum” in Venezuela’s bonds.
Ever since Venezuela’s bid for an alternate seat on the United Nations Security Council was anticipated as having unanimous regional support early this month, many wondered when the United States would launch a campaign to tip the country’s odds. Over the weekend, the Washington Post ridiculed president Nicolas Maduro and warned readers that, if elected to council, Venezuela would only “advocate for allies such as Syria, Iran and Cuba.”
Suren reviews the inflammatory Sep 5th opinion piece by Harvard economist Ricardo Hausmann, titled Should Venezuela Default? The article caused interest rates on Venezuelan bonds to temporarily soar as investors balked at Hausmann’s calculated commentary regarding the nation he once served as planning minister, during Venezuela's era of neoliberal reign known as the 4th Republic.
Quechua anthropologist Ollantay Itzamná writes of his crossing from Baranquilla, Colombia to Venezuela. After choosing not to heed the colorful warnings of famine and crime parroted by Colombian taxi drivers, Itzamná finds as he draws closer to the border that he is just one foreigner among hundreds of Colombians who cross over daily to fill their bags with low-priced goods.