Shoygu met with defense and military leaders in Cuba, Venezuela, and Nicaragua and signed several agreements on warship visits and military training during the visit, which ran from Feb. 11 to 14. It is not clear whether any new arms deals were completed during the visit.
Of course, everything old again,
Dan Goure, a Russia expert with the Lexington Institute, said Russia’s current moves into Latin America “are like a page Xeroxed from the Soviet political-military playbook.”
My friend Silvio Canto, Jr. was keeping track of how many times the Hotel Saratoga, where Nancy Pelosi stayed during her Havana junket, had been expropriated by the Communist regime. He found out it was expropriated twice: once in 1959, and again in 2011:
in 2011, Castro confiscated Coral Capital’s minority stake in The Hotel Saratoga.
And for giggles, he had Coral Capital’s two senior executives in Cuba, Amado Fahkre and Stephen Purvis, imprisoned in the notorious torture facility known as Villa Marista (akin to Moscow’s infamous Lubyanka).
Fahkre and Purvis spent nearly two years arbitrarily imprisoned, had all their assets confiscated and were finally expelled to Britain.
Gary Shilling at Bloomberg is saying, Get ready for $10 oil It has to do with the marginal cost of production,
or the additional costs after the wells are drilled and the pipes are laid. Another way to think of it: It’s the price at which cash flow for an additional barrel falls to zero.
Last month, Wood Mackenzie, an energy research organization, found that of 2,222 oil fields surveyed worldwide, only 1.6 percent would have negative cash flow at $40 a barrel. That suggests there won’t be a lot of chickening out at $40. Keep in mind that the marginal cost for efficient U.S. shale-oil producers is about $10 to $20 a barrel in the Permian Basin in Texas and about the same for oil produced in the Persian Gulf.
Also consider the conundrum financially troubled countries such as Russia and Venezuela find themselves in: They desperately need the revenue from oil exports to service foreign debts and fund imports. Yet, the lower the price, the more oil they need to produce and export to earn the same number of dollars, the currency used to price and trade oil.
Among the hardest hit are those nations that rely on oil for much of their government revenue and were in financial trouble before prices plunged. Venezuela along with its state-run oil company issued more debt than any developing country between 2007 and 2011. Venezuela has been downgraded to the bottom of the junk pile — CCC by Fitch — and credit-default swaps on Venezuelan debt recently indicated a 61 percent chance of default in the next year and 90 percent in the next five years. The nosedive in oil prices also is devastating African exporters Ghana, Angola and Nigeria, where oil finances 70 percent of the government’s budget.
Maduro has yet to fully account for how his government will meet its $10.3 billion debt obligations in 2015. A March 16 payment totally $1.1 billion is fast approaching and Venezuela’s economy is languishing.
I am not optimistic at all; even if Maduro goes, the country can remain under a dictatorship, just as Cuba has, for decades to follow.
The march along one of this elegant city’s iconic thoroughfares, Avenida de Mayo, organized by fellow prosecutors incensed over how the government has handled the death of Alberto Nisman, drew not only investigators and judges but also students, plumbers and the late prosecutor’s grieving family. They were brought together by their conviction that Mr. Nisman’s death was not a suicide, as an autopsy determined, but an assassination.
Another witness has talked about evidence tampering at the scene of Nisman’s murder (link in Spanish). Apparently there were thirty people at the site.
“When we were sitting at the stairs, they brought the stretcher and in that they took away the body (of Alberto Nisman). It was like 3.30 am. He was wrapped up in a black sack. They took him to the right but 15 minutes later they put him back again and took him to the left. ‘No silly, it is this way,’ they said laughing. And then, when they took him back in the apartment, I did not see where they took him out,” the witness explained as she also recalled having seen “dirty” sheets and cloths.
Fernández also saw investigators handling the binders holding the documents Alberto Nisman had been working on, having mate and croissants at the crime scene, and aparently producing five gun shells. She was even offered coffee made on Nisman’s coffeemaker.
PUBLIC APOLOGY ORDERED BY SUPERCOM
In compliance to Resolution Nº 009-2015-DNJRD-INPS, issued by Communications Superintendent Carlos Ochoa within PROCEEDING Nº 0129-2014-INPS-DNJRD (IGJ-SEDE-0198-2014), notified on February 15 2015, I issue public apologies to the collective complainants who felt injured by La columna de Bonil’s cartoon, published on page 8 of Diario EL UNIVERSO on August 5, 2014, which, also by order of the aforementioned official, will be published on the main screen of this media’s webpage, for a period of time of at least seven consecutive days.
The publication of this apology does not mean agreement with the specific annulments of administrative process 0129-2014-INPS-DNJRD (IGJ-SEDE-0198-2014), which we shall continue to denounce through administrative, judicial, and constitutional actions and recourses, locally and internationally which help us.
Carlos Pérez B.,
Director, Diario EL UNIVERSO
DISCULPA PÚBLICA ORDENADA POR LA SUPERCOM
En cumplimiento de la Resolución Nº 009-2015-DNJRD-INPS, expedida por el superintendente de Información y Comunicación, Carlos Ochoa Hernández, dentro del TRÁMITE Nº 0129-2014-INPS-DNJRD (IGJ-SEDE-0198-2014), notificada el 13 de febrero del 2015, extiendo disculpas públicas a los colectivos denunciantes que se sintieron afectados por la caricatura de La columna de Bonil, publicada en la página 8 de la edición de Diario EL UNIVERSO del 5 de agosto del 2014, la cual también por disposición del antes nombrado funcionario, será publicada en la primera interfaz de la página web de este medio de comunicación, por un plazo no menor a siete días consecutivos.
La publicación de esta disculpa no significa allanamiento alguno a las nulidades específicas del proceso administrativo 0129-2014-INPS-DNJRD (IGJ-SEDE-0198-2014), que seguiremos denunciando mediante el ejercicio de los recursos y acciones administrativas, judiciales y constitucionales, locales e internacionales que nos asisten.
Carlos Pérez B.,
Director de Diario EL UNIVERSO
Mr. Bonilla was sued by an Afro-Ecuadorean group over a photomontage published in August that made fun of Agustín “Tin” Delgado, a former national soccer team player turned lawmaker for the ruling Alianza País party, who stuttered through a speech in the National Assembly. A video of the speech had been widely watched on social networks.
Here’s the speech,
Here’s what El Universal had to apologize for,
First frame: A-a-after my s-ssp-speech, everyone’s saying “Poor Tin, poor Tin.”
Second frame: But with my ASSEMBLYMAN salary, no one calls me “poor guy”!
Earlier in 2014, the Correa government had ordered that Bonilla change a prior cartoon,
Xavier Bonilla’s cartoon before: