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February 19, 2007 [LINK / comment]
Shortages plague Venezuela
The bloom may be coming off the rose for Hugo Chavez, as his radical populist economic policies have discouraged private sector output while boosting demand. The result: widespread shortages and price hikes. Chavez has reacted in typical authoritarian fashion by imposing price controls and threatening to jail any grocery store owners who violate. This may be the next big step toward a large-scale nationalization of businesses in Venezuela, which would come as no surprise given his avowed campaign to create a socialist revolution there. Another bad sign: there was a net outflow of foreign direct investment in Venezuela during the first nine months of 2006. See New York Times; via Daniel Drezner.
Bribery charges in Peru's Navy
President Alan Garcia has accused Italian businessman Sergio Siragusa of bribing several admirals in the Peruvian Navy, in connection with the purchase of replacement Otomat anti-aircraft missiles in the mid-1990s. See La Republica (in Spanish). This comes as rumors spread about possible cabinet changes in Peru. During the 1980s Peru built four frigates based on Italian design and using Italian high-tech components. For a while Peru was a regional leader in armaments production, but this came at a heavy economic cost, and the effort was drastically scaled back under President Fujimori in the 1990s.
Posted (or last updated or commented upon): 19 Feb 2007, 11: 40 PM
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January 4, 2007 ~ 110th Congress: open for business
January 24, 2007 ~ The State of the Union, 2007
March 28, 2007 ~ Mark Steyn's America Alone
April 19, 2007 ~ Senator Hanger comes to Staunton
April 30, 2007 ~
Sen. Hanger's campaign kick-off
June 1, 2007 ~
Stars shine for Senator Hanger
June 12, 2007 ~
Republicans In Name Only? You be the judge!
June 13, 2007 ~
How sweet: Reason prevails
June 24, 2007 ~
SWAC bloggers air dirty laundry
August 13, 2007 ~ Hasta la vista, Karl Rove
August 21, 2007 ~
Fading dreams of democracy
August 6, 2007 ~
Nats sweep World Champion Cards!
September 23, 2007 ~ Au revoir, RFK Stadium
October 18, 2007 ~ Nationals 2007: Year in review
October 25, 2007 ~
Augusta County Campaign 2007
October 29, 2007 ~ Red Sox sweep Rockies; Dynasty?
November 7, 2007 ~ Democrats win Virginia Senate
December 14, 2007 ~ The Mitchell Report is released
December 29, 2007 ~
The death of Benazir Bhutto
December 31, 2007 ~ Baseball 2007: Year in Review
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