VIO News Blog

March 30, 2009

Venezuelan President Travels to Asia

Today President Chavez set off on an official trip that will take him to Qatar, Iran and Japan, the AP reports. In Qatar, Chavez will attend a summit of Arab and South American Countries. In Iran, he will inaugurate a joint development bank between that country and Venezuela. He will then visit Japan to approve a bilateral energy pact, which will give Venezuela access to Japanese technology for its oil industry.

The Wall Street Journal reports that U.S. officials froze a Bank of America account which had been used to carry out numerous transactions on Venezuela’s black market currency market.  The owner of the Miami-based company that controls the account,  Rama Vyasulu, has been arrested for allegedly laundering $900,000 in drug profits.

An article in the Economist print edition, “Hard landing” argues that spending cuts announced by President Chavez will have a bigger impact than the government is publicly admitting. The Economist states that according to  Finance Ministry’s figures, there was only $6 billion left in the National Development Fund (FONDEM) at the end of December, instead of the $57 billion publicly stated by Finance Minister Ali Rodriguez.  The article does not appear to take into account the vast quantity of foreign reserves that remain in the hands of the Central Bank and the Venezuelan government.

An AP article argues that the slump in oil prices has recently caused Venezuela to begin seeking foreign investment for its oil industry. However, Venezuela has shown openness to oil partnerships with multinational and state oil companies so long as they respect Venezuela’s sovereignty and majority stake. Venezuela began soliciting bids for oil exploration and production in the Orinoco oil belt in the Summer of 2008, when oil prices hit record highs.

Finally, an op-ed in the Milwaukee-Wisconsin Journal Sentinel argues that Milwaukee’s sister city agreement with Carora, Venezuela serves as a propaganda tool for Chavez.  A Heritage Foundation expert is quoted criticizing the plan for Carora to establish a Casa del ALBA in Wisconsin’s largest city.  The truth is, the “expert” says, Casas del ALBA are “centers of pro-Chavez indoctrination.”

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March 25, 2009

Venezuelan City has new Sister in Wisconsin

Tom Barrett, mayor of Milwaukee and Edgar Carracaso, mayor of Carora, signed a sister city agreement on Tuesday. It marks the first such agreement between a Venezuelan and a U.S. city in the past 10 years. Mayor Carrasco stated that “Our governments may have differences, but that doesn’t offset our countries’ abilities to know each other.” Carrasco added that Carora will be developing the Casa El Alba to promote cultural and economic ties between the two cities and offer US visitors information about the city of Carora and Venezuela.

Venezuela’s biggest mosque, located in downtown Caracas, was robbed and ransacked according to the Associated Press. No suspects have yet been identified. An administrator said it was the second time the mosque had been broken into since September of last year.  In February of this year, an important Caracas synagogue was also broken into and vandalized.  Though various news outlets presented the incident as an “anti-Semitic” attack, a police investigation indicated that the primary motive was theft.

Venezuela’s Supreme Court has decided to move the corruption trial of Maracaibo’s mayor Manuel Rosales from the state of Zulia to Caracas, as judges in Rosales’s home state were allegedly caught meeting with the opposition mayor. Four judges in Zulia have also been suspended from their duties by the Supreme Court for participating in the alleged meeting. Rosales asserted that the decision was made by the Chavez government in order to find an “obedient judge.” Zulia lawmaker Calixto Ortega, however, stated that at least one of the four sanctioned judges was in a position to exercise direct influence on the Rosales case.

In economic news, the AP reports that progress is being made in establishing the Bank of the South, a regional financial institution designed to provide an alternative to the IMF and World Bank, both of which have strong ties to the US Treasury Department. The Bank of the South is expected to launch its operations in May with $10 billion in initial capital. Its members are currently Venezuela, Brazil, Argentina, Bolivia, Ecuador, Paraguay, and Uruguay.

Finally, McClatchy reports that CIA cybersecurity expert Steve Stigall has claimed that Venezuela’s electronic voting system is not secure and was tampered with by President Chavez during a 2004 referendum on his presidency. Without providing any evidence to back his assertions, Stigall stated that “it was my understanding that” the computer program used for the audit of the voting machines “was provided by Chavez.” Stigall’s claims, made before a hearing in Orlando, Florida, run contrary to the assessment made by independent electoral monitoring missions from the Carter Center and the OAS, that concluded that the 2004 elections had been fair and transparent.

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