Whoever wins next Sunday’s presidential election in Venezuela faces an economic time bomb with food shortages, insufficient US dollars to pay for imports and honour the country’s debt, a devastated economy full of inefficient nationalized companies and non productive farms plus mounting promises of further handouts from the government and inflation. “In a way, Chávez left at the zenith of his success” says Orlando Ochoa, an economist at the Andrés Bello Catholic University in Caracas. “And his legacy for his successor is an economic bomb”. In an effort to stem the problems the government created a new foreign-exchange agency
Comments: Kind of makes you want Maduro to win. He can own it.
As their heads and pages filled with wars and personalities of the past, Modern History students Emma Brophy and Matthew Staraj sat down for the HSC exam. See your ad here By the end, the students from Smith’s Hill High School were relieved and pleased with their efforts. Emma, 18, said the worst part of yesterday’s exam was her time management but overall the exam was ‘‘pretty predictable’’. ‘‘The questions weren’t too crazy, it was good,’’ she said. ‘‘I like that Modern History has an argumentative component. ‘‘I found the Indochina topic difficult at the start but I think that’s my favourite now. ‘‘It’s about America’s involvement,
New Haven, Conn. - A Connecticut judge has granted a new trial for Kennedy cousin Michael Skakel, ruling his attorney failed to adequately represent him when he was convicted in 2002 of killing his neighbor, 15-year-old Martha Moxley, in Greenwich in 1975. WATCH: 48 Hours: "The Ghosts of Greenwich" The ruling by Judge Thomas Bishop marked a dramatic reversal after years of unsuccessful appeals by Skakel, the 52-year-old nephew of Robert F. Kennedy´s widow, Ethel Kennedy. Skakel is serving 20 years to life. " ...defense counsel was in a myriad of ways ineffective," Bishop wrote in
Former teen heartthrob David Cassidy allegedly fathered a secret love child during a one-night stand 30 years ago while he was on tour in Nashville, it emerged today. North Carolina woman Shelly Wright said she wants her story made public because she is tired of being given the runaround by his agent and wants Cassidy to at least acknowledge her existence. She has reached out to his publicist and his son on numerous occasions to try to get them to take DNA tests, but she has either been ignored or treated with hostility. Shelly made her claim to RadarOnline in the hope
There was a brief moment of awkwardness on CNBC Tuesday morning when, during a discussion of the weak jobs report and Senator Ted Cruz, reporter Steve Liesman asked for some “Mexican music” to be played while they talked about Cruz. Liesman said, “We’re going to call this the Senator Ted Cruz jobs report. These are the jobless claims of Senator Ted Cruz.” When a picture of Cruz appeared on the screen, he continued, “Can we get some music to go along with that? Some Mexican music, maybe?”
Italy’s tax collection agency says it has formally notified Diego Maradona that it will begin procedures to freeze his assets in Italy to pay off his tax debt of 39 million Euros or 53 million dollars. Equitalia confirmed news reports saying its agents had served Maradona with the notification in his Milan hotel room, and that he signed the documentation. The Argentine great was in Italy to promote a video series on his life and watch his old club Napoli play Roma. Maradona’s Italian debts stem from alleged unpaid taxes during the time he played for Napoli from 1984-91, when he
Paraguay’s central bank increased the country’s growth estimate for 2013 from 13% to 13.6%, the highest for Latinamerica. Estimates have been on the increase since October last year, 9.5%; December, 10.5%; April 13% and now, 13.6% which compares to the 0.9% contraction of 2012, when drought and Foot and Mouth Disease hit Paraguay’s main export items, soybeans and beef. In recent years the only similar episode was in 2010 when GDP soared 13.1%. In the four years from 2004 to 2008 the average growth was 4.5%, with a 4% retraction in 2009, followed by 13.1% in 2010 and 4.3% in
WASHINGTON - President Barack Obama said on Tuesday that stalled immigration reform would be a top priority once the fiscal crisis has been resolved. "Once that´s done, you know, the day after, I´m going to be pushing to say, call a vote on immigration reform," he told the Los Angeles affiliate of Spanish-language television network Univision. The president´s domestic agenda has been sidetracked in his second term by one problem after another. As he coped with the revelation of domestic surveillance programs, chemical weapons in Syria, and a fiscal battle that has shut down the U.S. government and threatens a debt default,
A group of 45 Venezuelan retired top officers among which a dozen generals and admirals and a former defence minister have published an open statement in which they accuse the government of President Nicolas Maduro of having broken the country’s “constitutional thread” and thus support a military action which, they say “would not be a coup d’état’. The officers accuse the government of Maduro and former president Hugo Chavez of having handed the country over to Cuba and claim that the current leader who took office last April is exercising the Executive office in an ‘illegitimate way’. “We consider it is
Conservative firebrand Ann Coulter lashed out at Liz Cheney for waging a primary challenge and attacked “hucksters, shysters” who she said are hijacking the GOP. “The problem is we have hucksters, shysters, people ripping off the Republican Party for their own self-aggrandizement, for their own egos, to make money,” Coulter said on Fox News’s “Hannity.” “I would put Todd Akin, Newt Gingrich, Liz Cheney, Mark Sanford all in the same boat, and the consultants who persuaded Linda McMahon and John Raese to run,” she added. Coulter continued her criticism of Cheney, who is challenging incumbent Sen. Mike Enzi in the Republican primary
CARACAS, Venezuela The Ukrainian captain of an oil research ship detained by the Venezuelan navy is being charged with illegally sailing in Venezuela´s maritime economic zone — waters that are disputed with neighboring Guyana. The federal prosecutor´s office said Igor Bekirov would appear in a court Monday evening. The other 35 crew members, including five U.S. citizens, remain in custody. The ship arrived under navy escort Sunday at Margarita Island off Venezuela´s Caribbean coast. The vessel was conducting a seismic study for Texas-based Anadarko Petroleum Corp. under a concession from Guyana. Guyana´s government says the ship was well within its territorial waters. The vessel´s
Adolfo Osma, a panel beater, lost an entire day of work only to buy four packages of precooked corn flour, a basic staple used to prepare many traditional Venezuelan dishes. Those four packages will only last for about a week, since he has eight mouths to feed at home. Osma lives in low-income Las Adjuntas sector, (southeast Caracas), but he had to leave his house early in the morning to look for the precious corn flour across the city, in the Catia sector (northwest Caracas). He knew he would not find anything in the first supermarket he visited: there was no
Argentina will not accept the remains of Nazi war criminal Erich Priebke who died in Italy, officials in Buenos Aires said on Friday. Priebke died in Rome aged 100 after serving nearly 15 years under house arrest for a World War II massacre in Italy for which he never expressed remorse. “Foreign Minister Hector Timerman has given the order not to accept the slightest move to allow the return of the body of Nazi criminal Erich Priebke to our country,” the foreign ministry said in a tweet. “Argentines will not accept this kind of affront to human dignity.” Priebke lawyer Paolo Giachini
Does President Obama belong on the same list as John Kennedy and Bill Clinton when it comes to presidents who are sex symbols? That’s what Entertainment Tonight reporter Rocsi Diaz thinks. First Lady Michelle Obama chuckled and smiled as Diaz asked her what it’s like to be married to someone who’s seen by many women as a “sex symbol,” in an interview that aired Tuesday evening. “He’s got a little swag, you know, that’s okay,” the first lady said. “I’m proud of him. He’s a stylish man who is healthy and he’s smart and he’s passionate and he’s inspiring. And
Healthcare insurance executives were received at the White House today — but not to confront President Obama about the flub-ridden exchange launched on Oct. 1. Instead, the CEOs of Aetna, Humana, CareFirst, Blue Cross Blue Shield of Florida, Health Net, Inc., Health Care Services Corporation, Independence Blue Cross, America’s Health Insurance Plans, Molina Healthcare, Centene Corp., Tufts Health Plan, Blue Cross Blue Shield Association, Wellpoint and Kaiser Permanente got to meet with Obama’s senior adviser Valerie Jarrett. Meanwhile, on the Hill, Pelosi brushed off the tech implosion as something they just have to be able to fix because she doesn’t want to
Sen. John McCain’s daughter says that her father is “depressed” and “frustrated” with the impact the “hyper-conservative wing of the party” is having on national politics, including on the recent government shutdown. “We’re both frustrated with the idea that only the hyper-conservative wing of the party is going to represent the masses,” Meghan McCain said in a joint interview with ABC and Yahoo News. Ms. McCain, who has her own reality show “Raising McCain,” said the last time she can remember her father was so depressed about the state of politics was after his failed 2008 presidential bid. “He is
Senate majority leader Harry Reid says that "Everybody" is "willing to pay more" taxes. He said so in an interview with a Nevada Public Radio host. “The only people who feel there shouldn’t be more coming in to the federal government from the rich people are the Republicans in the Congress,” Reid told the radio host, according to Roll Call. “Everybody else, including the rich people, are willing to pay more. They want to pay more.” Reid rebuked the Nevada Public Radio host when he was asked what Republicans would have to concede to get Medicare and Social Security cuts
More than 700 websites have been created with names playing off of Obamacare or Healthcare.gov, making it likely that some Americans will mistakenly hand over private information to unknown third-parties. For instance, there is a website — www.obama-care.us — that brands itself as part of the "Obamacare enrollment team," directs people to an "Obamacare enrollment form" and asks users for their name, address, Social Security number and other contact information. According to a counter at the bottom of the page, more than 3,000 people have visited obama-care.us.
It took a tea-party insurrection that disabled the federal government and wrecked the Republican brand, but after months of handwringing, establishment Republicans are preparing to attack ultraconservative ideologues across red America. (Snip) "Hopefully we´ll go into eight to 10 races and beat the snot out of them," said former Rep. Steve LaTourette of Ohio, whose new political group, Defending Main Street, aims to raise $8 million to fend off tea-party challenges against more mainstream Republican incumbents. "We´re going to be very aggressive and we´re going to get in their faces." The caterwauling over the GOP brand ramped up after President Obama´s
The Healthcare.gov debacle has been thoroughly dissected so far by America´s best health journalists and policy analysts. To be sure, every major rollout of a new or changed social policy, including Medicare itself, is rough and takes weeks or months to resolve. (Snip) It is the larger failure of public administration that has been endemic in the Obama White House, and is probably the president´s most significant weakness. The first clues to this problem came during the transition in 2008. George W. Bush and his chief of staff, Josh Bolten, offered exemplary assistance to the incoming Obama team—but many of the
On Wednesday, Sen. Joe Manchin (D-WV) revealed that he was working on a bill to delay the Obamacare individual mandate. He said in late September that he would support efforts to delay the individual mandate, but this is the first time that Manchin has signified that he will lead a legislative effort toward such a delay. Manchin’s spokesperson, Jonathan Kott, said Manchin will not back Sen. Marco Rubio’s (R-FL) proposal for an indefinite delay to work out insurance exchange glitches, but that he would instead work on a bill “to delay the pena
We´re hearing for the first time from a security officer who witnessed the terrorist attack on the U.S. diplomatic mission in Benghazi, Libya, last year. U.S. Ambassador Christopher Stevens and three other Americans were killed in the attack on the mission and a nearby annex. In an interview for "60 Minutes," correspondent Lara Logan spoke with a British citizen, who had been hired to train the Libyan guards at the U.S. mission. He calls himself Morgan Jones, a pseudonym to protect his safety.Jones says he was annoyed that the State Department wouldn´t allow his guards to carry guns. As the
Marines are decrying a new look President Obama has planned for their uniforms — namely, a unisex-style cap that they say looks more French than American, more “girly” than hard-charging. “We don’t even have enough funding to buy bullets and the DoD [Department of Defense] is pushing to spend $8 million on covers that look like women’s hats,” one senior Marine said to The New York Post. “The Marines deserve better. It makes them look ridiculous.” One estimate is that the new hats could cost about $8 million. The hats are thinner and smaller, aimed at looking equally good on females as well
On the top of Thursday´s broadcast of his radio show, Sean Hannity revealed Erling Davis, the Obamacare operator he called early in his Monday show, got fired. Hannity quizzed her on how well the law is being received by applicants and she revealed no one liked it. Hannity had Davis on his show today and revealed he will give her a year´s salary of $26,000 and help her find a new job.
Health and Human Services Secretary Kathleen Sebelius is rebuffing calls from Republicans for her to resign over the troubled launch of the ObamaCare sign-up website, saying those asking her to resign are “people I don’t work for.” Sebelius gave the comments on a tour Thursday of an ObamaCare call center in Phoenix, which kicks off a multi-city tour by administration officials to promote the health care law amid the website´s troubles. Sebelius said “no one is getting fired” over the litches and that her main focus is to get the website up and running.