Día a Día - Fausta's Blog

“Lines at a Government owned supermarket in the middle of Caracas, almost daily now” (click on photo for link)

The latest from the Communist regime? Arresting shop owners:
Venezuela Confronts Retail Sector
Caracas Arrests CEO of Chain Store, Seizes Business, Alleging It Hoarded Goods; 20 Other Executives Held

In the past week, the CEO of supermarket chain Día Día was arrested after a meeting in the presidential palace, two dozen of its store managers brought in for questioning, and all 35 stores taken over by the government.

Behind the Venezuelan government’s moves is its allegation that Día Día and other chains are hoarding food in an attempt to sow instability and overthrow the government.

Worse yet, Día Día Practimercados is a small grocery store chain that caters to Venezuelans living in the country’s slums.

The country’s economic doom can’t be blamed on fallin oil prices, either, since

Venezuela had the institutions it needed to prepare for a fall in oil prices. The main one was called FIEM and it was a Macroeconomic Stabilization Fund designed very specifically to prvent situations like the one we have today, by saving any windfall oil income above the average for the last five years in a rainy-day fund.

Miguel Octavio looks at the chaos,

But we don’t even know whether Maduro is completely in charge or whether others are telling him what to do, including his wife Cilia.

But I am sorry to tell you, the Government is not acting as stupidly as many lead you to believe. To start, they got US 1.9 billion from the Dominican Republic, which purchased its Petrocaribe debt at less than half price. Then Citgo sold US$ 1.5 billion in a 2022 bond at a yield to maturity with a coupon of 11.5% and borrowed an additional US$1 billion from banks by pledging terminals and its shares. Not bad, US$ 4.5 billion at the blink of an eye in Maduro’s coffers. Jamaica could do the same and then Maduro may decide to close his eyes and send the gold to London and problem solved for 2015. Yeap, just like that, we are thinking 2016 and not 2015.

For now, since the regime will never admit that communism doesn’t work, and, unlike Cuba, it doesn’t have an embargo to blame yet, it needs scapegoats.

And now it’s the retailers turn.

RELATED:
Venezuela News and Views posts Patricia Janiot’s documentary for CNN en Español,

I can assure that SHE DOES NOT EXAGGERATE ANYTHING.

The Indian helicopters that Ecuador bought keep falling off the sky, but the bigger story is Iran’s continued presence in the region.

ARGENTINA
China to supply Argentina five “Malvinas Class” offshore patrol vessels
Argentine president Cristina Fernández de Kirchner is expected to sign agreements with China to increase military co-operation, including construction of new warships for the Argentine Navy, during her current state visit to Beijing, according to media reports and Jane’s Defense Weekly.

Argentinian president to write letter to Mia Farrow over tweets
Fernández will write letters to the actress and Martina Navratilova in response to tweets about the mysterious death of a federal prosecutor

Death of prosecutor leaves Argentina’s Jewish community angry and distrustful
The mysterious death of Alberto Nisman, who was investigating a 1994 terrorist attack, has alarmed many Jews but others warn against over-simplifying the case

BOLIVIA
Stranger in a Strange Land: An Internship Gone Bad

BRAZIL
Rio carnival downsizing and another cancelled as Brazil feels the pinch
Brazil is tightening its purse strings ahead of the 2016 Olympics and carnivals across the country are downsizing or have been cancelled

CHILE
Chile’s Bachelet Renews Bid to Legalize Abortion
Religious Groups Prepare to Fight Proposed Exemptions

COLOMBIA
Colombia’s FARC rebels invite Miss Universe to attend peace talks
Newly crowned beauty queen Paulina Vega Rebels surprised after being invited to assist guerillas’ peace negotiations with the government.

CUBA
A Tally of What Cuba Owes the World

FPI Bulletin: More Questions than Answers at Cuba Hearings

ECUADOR
Jorge Zabala presenta denuncia ante Consejo de la Judicatura
Posibilidad de fraude procesal, alerta defensor de los hermanos Isaías

Ecuador Grapples With Grounded Freighter
Ecuador has declared a 180-day state of emergency in the protected Galápagos Islands, while it continues to unload and work toward refloating a freighter that ran aground last week.

GUATEMALA
Guatemala volcano eruption forces evacuations
Fuego volcano belches black ash, forcing 100 residents to be moved out and closing the capital’s international airport

IMMIGRATION
Obama administration issues 5.5M work permits to non-citizens; critics call it ‘shadow’ immigration system

POPE FRANCIS: APPLY RULE OF LAW WHEN DEALING WITH IMMIGRANTS

MEXICO
Experts question Mexican investigation of 43 students’ disappearance
Argentinian forensic team hired on behalf of students’ parents says government presented biased analyses of the scientific evidence

Two US Army Vets Missing In Mexican Border City With Raging Cartel War

Conflict of interest in Mexico
A false start
Mixed messages in a new anti-corruption campaign

MISERY INDEX
The five most miserable countries in the world at the end of 2014 are, in order: Venezuela, Argentina, Syria, Ukraine, and Iran.

NICARAGUA
Can a Chinese billionaire build a canal across Nicaragua? Depends on who else is backing him up.

PANAMA
Panama Becomes First Latin American Nation to Join Coalition Against ISIS

PERU
Peru’s no-convictions politician
A failed labour reform exposes the limits of pragmatism

PUERTO RICO
It’s called “rule of law”: Puerto Rico Restructuring Law Thrown Out in Bondholder Win

Investment funds of Franklin Resources Inc. and OppenheimerFunds Inc., which hold more than $1.5 billion in bonds issued by the Puerto Rico Electric Power Authority, convinced a federal judge in San Juan that bankruptcy law and the U.S. Constitution trump the commonwealth’s legislation.

The law, passed under threat of a fiscal emergency, would have allowed public utilities such as the power authority, or Prepa, to negotiate with bondholders to reduce their debt loads, potentially forcing investors to accept unfavorable terms, according to the funds’ complaint.

URUGUAY
Uruguay questioned Iranian diplomat over fake bomb near Israeli embassy
Convincing-looking dummy bomb detonated outside Montevideo offices
Iranian ambassador summoned to Uruguayan foreign office in December
Diplomat denied any connection but has now left country

Jose Mujica Was Every Liberal’s Dream President. He Was Too Good to Be True.
He spoke truth to power, and legalized marijuana and abortion. So why are Uruguay’s progressives so disappointed?

VENEZUELA
Venezuela accuses UK of smuggling ‘spy glasses’ into trial of opposition leader
Leopoldo Lopez’s father says it was he, not a British diplomat, who brought in the video glasses, but prosecutor claims there was collusion with the family

Nelson Mandela’s Lawyer on a Mission for Leopoldo’s Release
Irwin Cotler Joins Imprisoned Opponent’s Defense Team amid Human-Rights Row

Running Out of Time: Dimming Prospects for Reform in Venezuela

Venezuela Maduro: State seizes supermarket chain

The week’s posts and podcast:
Separated at birth?

Sunday evening tango: Mario Bournissen & Laura Rusconi

Uruguay: Iranian diplomat expelled after bomb explosion near Israeli embassy

Argentina: And now the spy is missing

Moral equivalence strikes again

Cuba: Next, O will give away Gitmo