Word: venezuela
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...largest government interventions in history, and before we know it, someone like Governor Sarah Palin may literally be a heartbeat away from becoming Commander in Chief of the world’s only military superpower. And now, amidst the havoc, an unlikely alliance between Russia and Venezuela has developed in the interconnected realms of energy and defense...
...There is no need to look at a map to realize how far away Russia and Venezuela are from one another. Yet in these globalized times, they are bound together by their opposition to and fear of the United States. That may be the reason why there were so many photographers and journalists at Russian President Dimitry Medvedev’s recent meeting with Venezuelan President Hugo Chavez in Moscow, which was the second such negotiation in the last two months. After the meeting and in a world of frozen credit lines, it was announced that Russia would lend Venezuela...
...regain popular support, but the oil-producing country has contracted its growth forecasts due to lack of investment. As inflation reaches over 30 percent per year, the government has increased public sector salaries, a populist move that will only worsen inflationary pressures. Despite the sky-high oil prices, Venezuela is not able to grow its production because the government has used all the money for clientelist programs, rather than securing future investment. Unsurprisingly, less than two years after Chavez’s oil nationalizations, no sound international investor is eager to pour money into Venezuela. And in an election year...
...Hence, it is highly unlikely that Venezuela will ever be able to afford the loans and war material it receives from Russia, for even in the medium term, the junior member of this alliance is financially unsound and, increasingly, politically powerless. Despite the threatening sound of this partnership for U.S. interests, it is clear that these unlikely allies came together out of fear: Whereas the Kremlin fears diplomatic isolation, Chavez fears his end may be fast approaching. What we should all fear is what a populist like Chavez will do with Russian weaponry at a time when he is desperate...
...human possibility.” It is only in the past two decades that indigenous peoples and revisionist historians have objected to the celebration of Columbus Day, calling attention to the less-than-glorious eradication of the Indians that began when Columbus claimed the Caribbean islands for Spain. In Venezuela, Columbus was literally toppled on Columbus Day of 2004, when young protestors tore down a prominent Columbus statue and dragged it through the streets of Caracas. In Denver, Native Americans have been dutifully protesting the city’s Columbus Day parade since...