Word: ramã
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...less certain that PDVSA really recovered. Before the strike, Venezuela pumped more than 3 million bbl. of oil a day (m.b.d.). Chávez and his loyal Energy Minister, Rafael Ram??rez, who is also PDVSA's president, say they're back to 3.2 m.b.d., but even OPEC says Venezuela's output is 2.4 m.b.d. PDVSA's exploration and production vice president, Luis Vierma, warned last July of an "operational emergency" because of a lack of drilling rigs. In recent years, there has been a troubling string of accidents; and oil corruption, the blight that Chávez vowed to eradicate, became...
...year for a vast social-welfare crusade that has helped reduce official poverty and jobless rates appreciably. PDVSA runs many of the programs, and while that might sound more like Marx than Rockefeller, it "reflects our right to set globalization's terms in our people's favor for once," Ram??rez has told TIME. Critics say it also means a hyperpoliticized PDVSA, in which Ram??rez demands employee allegiance to Chávez and his Bolivarian revolution...
...irony is that Chávez and Ram??rez are adamant that Venezuela can keep delivering to the U.S.--about 1.3 m.b.d., or 12% of U.S. imports. They also insist that in the next few years, investment and output will climb. In 2005 PDVSA launched a seven-year plan, but analysts consider its goals--5.5 m.b.d. by 2012 and $11 billion a year in total investment--a pipe dream. Investment reached half that last year...
...then the Zetas arrived. They terrorized the border by day and retired by night to garish mansions in Monterrey and suburbs like San Pedro, not far from the city's business nobility. "No one wanted to admit that we'd become a dormitory for drug lords," says Monterrey publisher Ram??n Alberto Garza, head of the online newsmagazine Reporte Indigo...
...resident, DAVID BECKHAM'S old team is doing the sports-world equivalent of writing nasty graffiti on the girls'-bathroom wall. After Beckham's $250 million job with the U.S.'s Major League Soccer was announced, Real Madrid barred Beckham from playing in any more games. And team president Ram??n Calderón said the English midfielder is joining the Los Angeles Galaxy because no other team wants him. "David Beckham is going to be some sort of film actor living in Hollywood," Calderón scoffed. Unfazed, Beck's wife Victoria scoped out Hollywood homes, and American sports fans contemplated...