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Daily Archives: January 10th, 2010

Happy New Year, venezolanos

Yesterday, Ch├ívez made the remarkable move of devaluing the Venezuelan currency – the bolivar – by 50% against the dollar. One dollar used to be officially worth 2.15 bolivares. Now it’s worth 4.3. Fundamentally, this will be very painful for Venezuela’s withering middle class. Because Venezuela imports nearly everything it consumes, and importers will now […]

Worst campaign ad ever

Ask any taxi driver in Latin America who he’s going to vote for and he’ll probably say, “El menos malo.” The least bad one. The lesser of two evils. Lots of people say this in Costa Rica as well. That doesn’t mean you should put it in a campaign advertisement. Luis Fishman was a late-in-the-game […]