By Pedro García Otero The US Federal District Court for the District of Columbia has entered a default ruling against Venezuela, after the South American country failed to respond in time to a demand introduced by Gold Reserve Inc. The Canadian gold mining firm is seeking to confirm a US$740 million arbitration made in its favor by the International … Continue reading
By PanAm Post The rise of “21st-century socialism” across Latin America over the last two decades has led to populist initiatives to “democratize” the media — or, in other words, force the press to fit their ideological mold. It’s been premised on the idea that traditional media has been concentrated in the hands of a … Continue reading
China is set to lend the cash-strapped nation of Venezuela around $10 billion in the coming months, Reuters reported on Thursday, citing a senior official at Venezuela’s state-run oil company PDVSA who is familiar with the matter. According to the senior official, half of the loan will be part of a bilateral financing deal with the other half … Continue reading
An open letter from Venezuelan President, Nicolás Maduro, and the Government of the Bolivarian Republic of Venezuela to the people of the United States, published March 17 in the New York Times: . By Nicolas Maduro and The Government of the Bolivarian Republic of Venezuela We are the people of Simon Bolívar, our people believe in peace … Continue reading
The cash-strapped nation of Venezuela — who is now deemed as a nation threat to the U.S. — is said to be in talks with Wall Street investment banks in gold for cash talks, Reuters reported on Tuesday. The Central Bank of Venezuela is in talks with Wall Street investment banks to create a gold swap that would … Continue reading
The U.S. has declared that Venezuela is a threat to national security and has ordered targeted sanctions against seven officials, The White House said on Monday. The targeted sanctions were imposed on senior Venezuelan officials, which include Venezuela’s army commander, national intelligence director, and national police director. U.S. President Barack Obama issued and signed the executive order on Monday that declares a “national emergency” amid … Continue reading
By Marco Aponte-Moreno and Lance Lattig Since the death of Hugo Chávez, Venezuela’s political leadership has moved from charisma to authoritarianism. Support for Chávez’s Bolivarian Revolution has fallen from 65% when the populist leader died to 22% today. The revolution’s erstwhile steward is Nicolás Maduro, Venezuela’s current president and Chávez’s hand-picked successor. Maduro lacks his mentor’s extraordinary … Continue reading
By Alfredo Lopez When Caracas Mayor Antonio Ledezma was arrested last week, charged with organizing and leading a coup, the U.S. State Department’s spokeswoman Jen Psaki said: “The allegations made by the Venezuelan government that the United States is involved in coup plotting and destabilization are baseless and false. The United States does not support … Continue reading
Venezuela’s government says it’s giving the U.S. two weeks to slash the size of its embassy staff in Caracas by over 80% from 100 diplomats to a mere 17 as tensions between the two nations rise, Reuters reported on Monday. Venezuela’s Foreign Minister Delcy Rodriguez made the announcement on Monday following a meeting with the top U.S. diplomat … Continue reading
If there were not a coup d’etat underway, someone would have to invent one to rally the masses. By Chris Gilbert That may be the case for the Venezuelan government today, which is beset with so many problems, and it is one of the reasons that some people are incredulous about the latest claim of … Continue reading