Archive for April 4th, 2011

Good, Bad and Old in Venezuela: Things that make you go Ughh?

April 4, 2011

-The Venezuelan Supreme Court accepted the request to give priority to the case of Bolibourgeois banker Ricardo Fernandez Barruecos at the request of the Prosecutor.

Funny how all these cases close to Hugo get priority…

-Good News, Bad News: There will be no water rationing

but we want to make sure we have them sometime in the future

-According to El Nacional, the shortages of diapers and sanitary napkins persists, which means is only good to be a young man in Venezuela these days…

Bad News, Good News: The Bad: Chavez leads in a poll…

The Good: Jesse Chacon leads the pollster…

-Carlos Escarra was almost deported from the US for refusing to remove his shoes, which he claimed violated his human rights…

Why does he insist in going to the US to have his rights violated when it is so easy to have it happen here in his own backyard? Was he shopping again?

-Bad News, Bad news: Walter Molano, never a fan of the revolution:

“Subordination of bondholders by the Chinese loans-for-oil deals are making Ven bonds increasingly risky”

“investing in Venezuelan bonds may be as desperate as Chavez’s quest for a fourth term in office.”

I prefer the risky part to the desperate part…

-Old money versus new money: Deputy Earle Herrera explains that the US$ 10 million to Uruguay is old money, not new money.

Oh, you mean we gave so much to Uruguay when oil was only $50 dollars a barrel and not $100 like now? Was that also the time when we bought 12,000 houses from them? Is Deputy Herrera living in one of the twelve built?

-Is this news?: “Plan against the electric crisis failed

Really? How could it? A Ministry was created, a person with no clue or experience was put in charge of it. As little money as possible was spent. The wrong technology was purchased where investments were made. It rained all year.

Really (again), how could this have happened? Don’t worry, we will force you to use less

-But there is good news, really:

The Government built 200 housing units in Merida, only 1.999.800 to go

The Caracas Stock Exchange was stable today, no index changed in price and all of US$ 55,000 (at the official rate) was traded.

The economy must be ready to really move on…

Pudreval Stank So Much Even Chavez’s Comptroller Had To Acknowledge It

April 4, 2011

(Weil: Homage to the Putrefactor)

Remember Pudreval? Thousands of Tons imported by PDVSA under the helm of still Minister of Energy and Oil Rafael Ramirez. Somehow he is untouchable. Chavez dismissed the problem. A Court ordered three of the Pudreval Directors jailed, the trial was annulled in record time by a Supreme Court that takes years to decide on very significant matters.But you know they care so much about due process for Chavistas, they ahd to do it.

But things stank so much, pardon the pun, that even Comptroller Russian had to say something (covering his behind a little?). Because his report did not mince words:

“It was Bariven (A PDVSA affiliate) and PDVAL (another PDVSA affiliate) that imported all the food without taking care of legal and technical criteria”

Jeez, I wonder what else is there?

Well, you can do the same once the food gets here:

“In the inspections…of the containers of food…there was the presence of insects, rodents, both alive and dead, as well as feces. Similarly, we found packages of decomposing food, as well as past their perishable date, such that we had to declare them not apt for human consumption. From the analysis of the results of the inspection a sample of 37 containers out of 305, or 12.5% of them” (The syntax of the last sentence was technically abominable, the math was ff too)

Oh yeah, legal procedures for bidding on the purchase of the food were also ignored and not followed.

This guys are really good, they knew had to do nothing. I wonder why they were hired?

Even Russian the Ruffian admits it!