Stream of Reading (Prepare to be Forwarded) – An Archive of What I'm Reading
Buying and selling “hunger bonds” is always more fun when you do it with friends. Optimal investing conditions. By JUAN BARRETO/AFP/Getty Images. Back in May, Goldman Sachs found itself in a bit of hot water when The Wall Street Journal reported that its asset-management arm had purchased $2.8 billion worth of Venezuelan bonds that had…
WILLEMSTAD, Curaçao — The dark outlines of land had just come into view when the smuggler forced everyone into the sea. Roymar Bello screamed. She was one of 17 passengers who had climbed onto the overloaded fishing boat with aging motors in July, hoping to escape Venezuela’s economic disaster for a new life on the Caribbean island…
Venezuela, a country that is struggling to import food and keep its currency from falling to worthless lows, has just “minted” the world’s largest chocolate coin. The candy money, made to look like a one bolivar coin, weighs a massive 870 kilos [1,900 pounds] and measures six feet in diameter. It was presented to the…
Over the years we have had our fair share at the epic social(ist) experiment that is Venezuela. Below is a random selection of stories over the past years or two, which truly capture the essence of Venezuela’s socialist revolution: Unfortunately, the country whose president two weeks ago said that “Venezuela Must Deepen Socialism To Improve…