Posts Tagged ‘Fausta’s blog’
Before (c. 2013):
Multi-millionaire socialist, former soccer superstar Diego Maradona, enjoying a stogie while displaying tats of Che and the Kirchners (among others) on curiously hairless arms,
Is he aiming for a spot in the Men who look like old lesbians website?
Diego Maradona is the new Uma Thurman.
— Mauro De Marco (@MauroDeMarco) February 11, 2015
Along with long-range weapons systems, the BBC reports that the Chinese ship Da Dan Xia, intercepted last week by Colombian authorities as it headed to Cuba, was carrying
About 100 tonnes of gunpowder, almost three million detonators and some 3,000 cannon shells were found on board the Da Dan Xia, officials said.
But according to the ship’s records, it was carrying grain products.
. . .
The Da Dan Xia is operated by China’s largest shipping company, Cosco Shipping.
Cuba isn’t saying anything yet, but the Chinese say,
We were engaged in “normal trade cooperation involving normal military supplies.”
Rather than dig into the illegal weapons trade, American media is focused instead on Conan’s trip to Cuba,
Looks like Conan spent more time interacting with dogs than with dissidents.
Humberto Fontova reminds us that
(BTW, over TWENTY TIMES as many people have died trying to escape the place Conan advertised last night, as died trying to escape East Berlin.)
Federal prosecutor Gerardo Pollicita appealed the dismissal of the suit Alberto Nisman filed days before his murder:
Prosecutor Appeals Dismissal of Accusations Against Argentina’s President
Appellate court must now decide if allegations against Kirchner merit further investigation
Last month, Mr. Pollicita asked Judge Rafecas to open an investigation into accusations that Mrs. Kirchner, Foreign Minister Héctor Timerman, and others tried to sabotage a yearslong probe into the attack, which killed 85 people at the Argentine Israelite Mutual Association, or AMIA, in Buenos Aires.
But the judge declined to investigate, saying no crime had been committed and that while an investigation might uncover additional facts they would be irrelevant to the coverup allegations.
“Only by carrying out a proper investigation and obtaining all of the facts, based on the participation of all parties, we will be able to decide if it is reasonable to file charges or, in contrast, if it the charges should be definitively thrown out,” Mr. Pollicita said in his appeal.
I hope Mr. Pollicita’s security detail can be trusted.
Borrowing a line from Obama? Chile’s President Says She Learned about Her Son’s Deals in the Press
Oil spills in Peru
The weeks’s posts and podcast:
Mexico: Pedro Ramírez Vázquez, the equipal chair guy
At Da Tech Guy Blog:
Spain, moving towards Chavismo?
Alejandro Rebossio of Spain’s El País reports that Pope Francis’s comment on “Mexicanization” was prompted by UN data showing Argentina as the country with the third-largest number of seized cocaine shipments, after Brazil and Colombia.
The cocaine route starts in Colombia and Peru, makes a layover in Bolivia, and is processed in Argentina, where some of it is consumed, while most is exported to Europe.
Gustavo Vera also mentioned, in his emails to Pope Francis, that Argentina has the highest per-capita cocaine consumption in Latin America.
You can read Rebossio’s article here (in Spanish).
As the Communist dictatorship in Venezuela sinks the economy into further chaos, it resorts to criminalizing dissent.
The latest victim is Caracas mayor Antonio Ledezma, who yesterday was arrested and dragged out of office ‘like a dog’ by the police.
Read my article at Da Tech Guy blog.
In other Venezuela news,
Head of the Defense and Security Committee of the National Assembly (AN) deputy William Fariñas said that pro-government deputies would request the Supreme Tribunal of Justice (TSJ) to remove the parliamentary immunity of opposition deputy Julio Borges.
Liliana Tintori, Leopoldo Lopez’s wife, states that there was an attempt to remove Lopez from Ramo Verde prison to place(s) unknown.
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.
With the drop in prices,
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.
How Bad Is Venezuela’s Economic Chaos? Bad enough that
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.
And, by the way, even when the minimum monthly wage of 5,600 bolivars ($32 on a new exchange market created last week) is close to useless, the late dictator Hugo Chavez managed to sock away US$12 billion in his HSBC account.
So, all of you who preach that “Chavez immensely decreased inequality” in Venezuela can take that, spread it, and eat it on a cracker.
Today at 1PM Eastern I’m in Silvio Canto’s podcast talking about the US-Cuba talks, Argentina and other US-Latin America issues of the week with Jorge Ponce.
I was in Rick Moran’s podcast last night talking about the GOP playing chicken with Homeland Security funding with Noah Rothman of Hot Air.
Both podcasts are archived for your listening convenience.
Daniel Duquenal is running a series of posts analyzing Venezuela’s situation. Go here for links.
Over in Bolivia, Evo Morales, following Cristina Fernandez’s example in Argentina, is resorting to thieving private pensions, since he’s running out of money now that oil prices are down.
It’s his third term, so he’s declared himself planetary leader at the Tiwanaku ruins, just for show:
Today in history, Feb 18, 1964:
United States punishes nations for trading with Cuba
The United States cuts off military assistance to Britain, France, and Yugoslavia in retaliation for their continuing trade with the communist nation of Cuba.
Nowadays we send hashtags instead.