In Caracas, public transport was described as uncomfortable, inadequate and disorganized. Local authorities decided to implement a national transportation plan with a BRT system, which opened in 2012. However, the lack of integration with traditional means including Jeeps, combis, minibuses and standard buses, made it less attractive the urban poor.
LA PAZ, Bolivia -- It is simple: if Trump can blame U.S. problems on small neighbors like Mexico, ascribing conspiracy plots to their "devious" government and agitate American voters to hate Mexicans, then strongmen like Venezuela's Maduro can more credibly blame the economic catastrophe they have caused in their own countries on "the U.S. empire" and justify a cruel domestic political crackdown.
For a couple of months I have noted the unprecedented diplomatic thaw between the U.S. and Venezuela. Now it is getting some attention in the major media.
Of all the many trapeze artists I've had the pleasure to present, not a single one ever considered such a career in flight as a plan B or something to hold them over until their real dream kicked in. The trapeze is either for you or it is not.
Should we pronounce the UN a failure, or perhaps give it a ceremonial gold watch and retire it? The UN and its adjunct organs and agencies have made much progress, before the 50th Anniversary, but also since.
Brazil marched to an impressive 2-1 victory against Venezuela in their third match of Group C of the 2015 Copa America thanks to goals by Thiago Silva and Roberto Firmino.
What the U.S. has had "going on" in Colombia for decades is massive military involvement, both overt and covert, though one would hardly know from the lack of media attention on this issue.
There is a smell of rain these days -- a gust of damp certitude that is wafting the bird of the Internet our way.
TV networks should do their part reprimanding racist marks and by representing us more fairly in their programming. Latinos come in all races, colors and flavors; which is why 'mejorar la raza' shouldn't have a place in our community.
As foreign ministers from across the Americas gather in Washington today [June 15] for the opening of the annual General Assembly of the Organization of American States (OAS), they must keep in mind the deteriorating situation in Venezuela and take specific steps to address it.
The end of the upswing phase of the commodity price super-cycle after its peak in 2011 has lowered economic growth prospects in most of Latin America. While that broad statement can hardly be disputed, chapter 3 of the latest IMF Western Hemisphere Regional Economic Outlook called attention to underlying significant differences among countries in the region.
LA PAZ - In all likelihood, Venezuela will produce another mythical figure: Leopoldo Lopez, the movie star-handsome, Harvard-educated son of privilege, who chose to dedicate his life to public service in his home country. He clearly had passion to serve and steel in his spine, so his potentially comfortable life turned out to be rather different than expected. History beckoned.
If inflation moves much higher, the legacy of Hugo Chavez's Bolivarian Revolution will be that Venezuela joins the rather select hyperinflation club as the 57th member. Yes, there have only been 56 documented hyperinflations.
Like the 2009 Oscar award-winning Pixar film Up, Venezuela's annual inflation rate has soared sky high (see the attached chart). On December 31, 2014, Venezuela's bolivar traded at a VEF/USD rate of 171 and the implied annual inflation rate stood at 169%.
Energy that relies on naturally-available resources like the sun has an inherently equalizing quality: It is equally available to everyone. Lagos, Mumbai, Dhaka and Caracas offer four examples of innovative projects to harness solar energy, or even to control solar heat.
Venezuela's bolivar is collapsing. And as night follows day, Venezuela's annual implied inflation rate is soaring. Last week, the annual inflation rate broke through the 500% level. It now stands at 510%.