Venezuela's Maduro Commits Funds to Seized Factory
teleSUR
Warehouses belonging to Kimberly Clark Corporation — which recently had its factory seized and handed over to the workers — were found to be full of raw materials, despite the insistence from the factory's owners that they could not produce goods, Venezuelan Industry Minister Miguel Perez Abad confirmed Friday.
Petro-states are different from other countries because the fates of their governing institutions are so deeply woven into the boom-and-bust cycles of the international petroleum economy. Now, one thing is finally clear: the business model for these corporatized states is busted. The most basic assumption behind their operation -- that global oil demand will continue to outpace world petroleum supplies and ensure high prices into the foreseeable future -- no longer holds
Increasing surveillance on the leadership of PDVSA, the most important company in a South American nation seen as hostile to U.S. corporate interests, was a priority for the undisclosed NSA division to which the analyst reported. “Plainly speaking,” the analyst writes, they “wanted PDVSA information at the highest possible levels of the corporation – namely, the president and members of the Board of Directors.”
Inflation, devaluation of the local currency and falling oil prices have marked the Venezuelan economy in recent years. To better understand the situation, Granma interviewed Alfredo Serrano Mancilla, PhD Economist, director of the Latin American Strategic Center of Geopolitics (CELAG), and author of the book, The Economic Thought of Hugo Chávez.
El Salvador joined the near unanimous appeal by Latin American and Caribbean governments for the Obama Administration to repeal its executive order declaring Venezuela a “threat” to national security. The U.S. is now issuing veiled threats that it might deny El Salvador’s participation in its proposed $1 billion Alliance for Prosperity program for Central America, which ostensibly is designed to reduce the influx of migrants to the United States.
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