VIO News Blog

August 1, 2008

Bank of Venezuela to Return to Government

Bloomberg reports on Venezuelan conductor Gustavo Dudamel’s newest album and calls it “a stirring collection of strong, moving works resounding to a tropical beat.”  Unlike other Latino composers, the article asserts, Dudamel’s work is never misjudged or lessened in value even when it combines more contemporary music styles with his “symphonic repertory”.

In religious news, Simon Romero takes a look at the Reformed Catholic Church of Venezuela who broke away from the Catholic Church last month after feeling more aligned with the anti-poverty policy of the government than the inaction of the Church.  “The church of Rome is fearful that it could lose more priests like us,” said Sui-García, “And it should be afraid, given its level of scandal over internal abuses and hypocrisy in combating poverty.”

The Bank of Venezuela will soon be in the hands of the government, reports Bloomberg today.  President Chavez made the announcement yesterday saying that the country’s third largest bank will be bought back by the government from its current Spanish owner for about $1.2 billion to $1.9 billion, say economists.  Although the title of the Bloomberg article claims this to be a takeover, it actually is a move to get back the bank which was originally nationalized in 1994 and then irresponsibly sold two years later.

Finally, El Universal reports that Gabriel Culma Ortiz, or “Guillermo,” an alleged member of the Colombian Revolutionary Armed Forces (FARC) was extradited yesterday to Colombia.

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