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  • Free Market Reforms Needed to Fix Venezuelas Socialist Economic Problems

    In Venezuela, the laws of supply and demand are undermining the socialist revolution started by the late President Hugo Chavez. Since Chavez's hand-picked successor Nicolas Maduro won the Venezuelan presidential election in April - by a margin of less than 2 percent - high inflation and a shortage of staple goods are now leading many on both sides of this politically-divided country to question ...

  • Police helicopter crashes during chase in Venezuela 5 dead

    CARACAS, Venezuela - Venezuelan authorities say a police helicopter has crashed while pursuing suspects in a kidnapping, and all five people aboard have been killed. Police spokesman Luis Karabin told state television that the helicopter went down Thursday in a forested area east of Caracas. The cause of the crash was not immediately clear, but Karabin cited atmospheric conditions. He said ...

  • Maduros confused signals bode ill for Venezuelas recovery

    Hugo Chavez , who died of cancer in March. This week the National Assembly passed funding that could make toilet paper available to Venezuelans. Maduro, who succeeded Chavez after a snap election in April, has pledged to solve Venezuela's endemic problems of shortages and slow growth and has also attempted to distance himself occasionally from Chavez. Conflicting statements on ...

  • India Venezuela Review Cooperation Agenda

    Caracas, May 23 (Prensa Latina) Venezuelan Foreign Affairs Minister Elias Jaua met with India's ambassador in the country, Smita Purushottam, to review the bilateral cooperation agenda, reported official sources. According to the Foreign Ministry, different aspects of cooperation, integration, and negotiation were reviewed in order to increase interest in diversifying trade exchange ...

  • UPDATE 1-Venezuelas Petrovictoria to pump 120000 bpd in 2016

    Thu May 23, 2013 3:00pm EDT JOSE, Venezuela May 23 (Reuters) - Venezuela's Petrovictoria, a joint venture between state oil company PDVSA and Russia's Rosneft, will start production in 2016 and reach 120,000 barrels per day, PDVSA said on Thursday. The joint venture will produce ultra-heavy crude from the vast Orinoco Belt, a large deposit of oil in the Orinoco River basin of ...

Movie Review

Star Wars: Episode IV—A New Hope (Special Edition)

Star Wars: Episode IV—A New Hope (Special Edition)

It's hard to assess just how much impact "Star Wars" has had on American popular culture. When it was re-released in January 1997, it became the highest domestic box office earner of all time, surpassing both "Jurassic Park" and the previous champion, "E.T." Yet, to look at its profit margins alone is to miss the big picture. "Star Wars" is so much more than a movie -- it's a piece of the American ... ...

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  • UPDATE 9-Oil prices pare losses on U.S. equities turnaround

    Thu May 23, 2013 3:37pm EDT * U.S. equities recoup earlier losses, supporting oil * Chinese factory activity shrinks, raising demand doubts * U.S. single-family home sales rise 2.3 pct * Euro zone business downturn eases in May-PMI * U.S. gasoline stocks abundant ahead of driving season (Updates prices, recasts) By Anna Louie Sussman NEW YORK, May 23 (Reuters) - Brent crude oil prices retraced ...

  • A year later U.S. trade with Colombia grows while anxiety mounts

    WASHINGTON -- At the Colombian Embassy in Washington, Ambassador Carlos Urrutia says there’s no doubt that his country’s trade deal with the U.S. has paid off: Colombian businesses are sending more socks and cosmetics to California, beet sugar to New York and glass to Florida to help with hurricane repairs.U.S. officials are equally excited, saying U.S. businesses have improved ...

  • Pesky garden snails make profits in Colombia

    A retired couple in Colombia has turned their plant eaters into a thriving business that exports four tons of snail meat a month to Europe. NBCNews.com's Dara Brown ...

  • Venezuela’s Turmoil No Laughing Matter

    The repercussions from Venezuela's economic policies are providing journalists with excellent fodder for humorous headlines, replete with puns. "Venezuela's Government Moves to Relieve Toilet Paper Shortages," reads the title of an Agence France Presse story Wednesday. The "moves" were among the first taken by the country's National Assembly, which reconvened ...

  • REUTERS SUMMIT-Colombia to tweak tax rules hunt foreign investors

    Thu May 23, 2013 9:21am EDT * Foreign participation in TES market is about 4.5 pct * Gov't hopes tax clarification will boost foreign interest * Official hopes Colombia reaches levels closer to Peru, Mexico By Helen Murphy and Nelson Bocanegra BOGOTA, May 23 (Reuters) - Colombia hopes to attract more foreign money to its local bond market when it clarifies the text of a recent tax reform ...

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