Word: venezuela
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Dates: during 1990-1999
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Semester at Sea was my introduction to the world. This past spring voyage, we traveled from the Bahamas to Venezuela, Brazil, South Africa, Kenya, India, Malaysia, Hong Kong, Taiwan and Japan...
...dropped below $15 per bbl. The impetus to seek out alternative fuels withered. Florida Power & Light cut a deal with surrounding Southern utilities to buy inexpensive power from a regional grid; it successfully completed construction of a nuclear plant and signed an enticing deal to buy cheap oil from Venezuela...
...Venezuela is a more complicated case. It is one of the oldest democracies in Latin America. It is also, not coincidentally, one of the most prosperous nations in the region. While Peru is cursed with the deadliest of exports, cocaine, Venezuela is blessed with vast petroleum reserves...
...like the consolidation of democratic rule, the transition from socialism to a free-market economy requires a strong state. Venezuela today barely qualifies. Perez II is saddled with the legacy of Perez I. Many of those high- visibility projects that he unveiled in his first term have become rusted and potholed monuments to governmental incompetence. The reputation for corruption that many bureaucrats, businessmen, bankers, judges and journalists acquired back in the '70s and '80s now feeds cynicism and alienation in those sectors of society that are feeling the crunch of austerity. No longer able to afford expensive alternatives, the middle...
...Venezuela was apparently targeted because it had chaired the Security Council session that imposed the sanctions. Another object of mob ire was Russia's embassy. The former Soviet Union was once Libya's best friend and supplier in the "anti-imperialist" struggle...