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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 ...

  • 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 ...

  • Venezuelas Petrovictoria to pump 120000 bpd in 2016 -PDVSA

    JOSE, Venezuela | Thu May 23, 2013 1:44pm EDT JOSE, Venezuela May 23 (Reuters) - Venezuela's Petrovictoria, a joint venture between state oil company PDVSA and Russia's Rosneft, will begin production of 120,000 barrels per day in 2016, PDVSA said on Thursday. The joint venture will produce ultra-heavy crude from the vast Orinoco ...

  • Five dead as police helicopter crashes in Venezuela

    CARACAS: A Venezuelan police helicopter crashed Thursday while chasing a car in which kidnappers were holding hostages, and all five people aboard the aircraft died, the police chief ...

  • 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 ...

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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  • 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 ...

  • Jamaica branch of Cuba-Venezuela cable goes live

    ALBA -1 submarine cable, which connects the island with Venezuela, according to Doug Madory of internet analysis firm Renesys. Madory told The Associated Press that he detected new traffic between state-owned telecoms monopoly Empresa de Telecomunicaciones de Cuba (ETECSA) and Cable & Wireless Jamaica beginning 13 May 2013. 'They’re gaining some physical diversity there, so if ...

  • Venezuela Suffers Through Toilet Paper Shortage

    Venezuela is rich in oil, but relies on imports for many basic goods -- including toothpaste, soap and toilet paper. For weeks now the country has had a chronic toilet paper shortage. Lawmakers voted to approve a $79 million credit to the government to resolve the ...

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