Word: venezuelan
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Apart from the Venezuelan artist Jesus-Raphael Soto, only one of the painters on whom the Op label was stuck ten years ago seems to have really developed, continuing to produce work of the utmost seriousness. She is an Englishwoman named Bridget Riley, whose first New York show in seven years opened last week at the Sidney Janis Gallery...
...federal sleuths suspect that schemes existed to jack up prices that involved dizzying multiple transactions and offshore shuffles of oil. Venezuelan oil, which began rising in price even before the embargo, would be shipped, say, to The Netherlands Antilles, there to be blended with then cheaper Middle Eastern oil and shipped to the U.S. at the higher Venezuelan price. In a typical case, $6 residual oil, used to fire utility boilers, was resold at $ 17 and later soared to $23 and $24 during the embargo crisis. Another apparent pattern: passing oil through as many as half a dozen middlemen, some...
Last year Pérez began to put half of the country's oil revenues into the Venezuelan Investment Fund, which lends and invests abroad. Local critics contend that more petromoney should be spent to improve the living conditions of the country's poor. But the investment fund goes a long way toward fulfilling one of Pérez's principal objectives: to offer other Latin nations an alternative to Washington's leadership. Venezuela has pledged $50 million to an incipient cartel of five Latin American nations. The loan is to enable them to cut coffee...
...loans are put. To a degree, Venezuela's helping-hand programs smack of a paternalism that at another time and in other hands, was condemned as gringo imperialism. Pérez occasionally seems to envision himself a Simón Bolivar of the space age, seeking to build Venezuelan hegemony in the region. Yet the President dismisses the notion, and talks of wider goals. Says he: "We are constructing a system for unity, for Latin American integration...
Nationwide, electricity bills rose about 20% last year, and they may well go up as much or even more this year. The raises are most severe in areas where utilities burn imported oil. In Southern California, where power is generated by Indonesian, Venezuelan and Canadian oil, residential electricity bills have climbed by 50% since 1973. In New York City and vicinity, bills have risen a breathtaking 42% in the past year...