The big story of the week: Hugo Chavez enacts 26 laws that became effective immediately even when only the title of the laws (not the laws themselves) were made public. On the same day, he nationalized the Banco de Venezuela which was owned by Spanish Banco de Santander, saying that the bank’s deposits will now be in the government’s hands.
I have started a daily 15-minute podcast on Latin America:
On Tuesdays and Fridays, you can listen to my live podcasts at 11AM Eastern Blog Talk Radio.
BLOGS OF THE WEEK
In Spanish: Disidente Cubano
In English: Financial Times Latin American Agenda
Waiting for revenge
Lula’s lieutenants cozy with FARC (in Spanish)
Mario Vargas Llosa writes (in Spanish) about the rescue: Operacion Jaque
While bank runs plague Venezuela next door as panicky depositors seek to withdraw their savings before Chavez can get his hands on them, Colombia is an investment magnet, drawing in a record $3.1 billion in the first quarter. If things stay steady, the country should draw at least $12 billion by the end of the year. It would be a 25% rise from 2007’s record-setting $9 billion. See what happens when a country cleans up and follows free markets? The inflowing investment is proof of it, a belief in Colombia’s future. Viva Colombia!
Dominicans’ role in hunt for Alzheimer’s cure
From the Tehran Times, Ecuador opens trade office in Iran
Is is true what they say about Muso?
Aristide’s American profiteers, especially at Fusion, whose board at the time (during the Clinton administration) “read like the who’s who of Democratic politics”
The chairman of Fusion’s board was and still is Marvin Rosen, who was the finance chairman of the Democratic National Committee during the 1996 Clinton fund-raising scandals. During the late 1990s, Joseph P. Kennedy II and Thomas “Mack” McLarty, both prominent Democrats, were on the board. Fusion has previously denied any wrongdoing.
Part 2 here.