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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 ...

  • Video PM arrives in Colombia to talk trade with Pacific Alliance

    The prime minister is in Colombia to observe the Pacific Alliance discussions -- grouping Mexico, Colombia, Peru and Chile. International Trade Minister Ed Fast called the countries Canada's most trusted partners in the ...

  • Venezuelas PdVSA to Receive $1.5 Billion Loan From Rosneft for Oil Joint Venture

    State-energy monopoly Petroleos de Venezuela, or PdVSA, and Russian oil company Rosneft (ROSN.RS) signed deals Thursday to boost production at a new joint venture in the South American country's vast Orinoco heavy oil belt.Russia will extend to Venezuela a $1.5 billion loan as well as a separate $1.1 billion bond for its participation in Petrovictoria, which will oversee exploration and ...

  • The Egg Without Salt Maduro Struggles to Govern Venezuela

    Venezuela's President Nicolas Maduro greets supporters during a May Day rally in Caracas May 1, 2013. (Carlos Garcia Rawlins/Reuters) Last month, Venezuela elected a president on the recommendation of Hugo Chavez. But as the problems the country faces loom larger, President Nicolas Maduro is finding his predecessor's one-man show a difficult act to follow. It was inevitable that ...

  • 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 ...

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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  • 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 ...

  • 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 ...

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