Associated Press business reporter Pamela Simpson wrote a terrible obit for Huge Chavez, writing
Chavez invested Venezuela’s oil wealth into social programs including state-run food markets, cash benefits for poor families, free health clinics and education programs. But those gains were meager compared with the spectacular construction projects that oil riches spurred in glittering Middle Eastern cities, including the world’s tallest building in Dubai and plans for branches of the Louvre and Guggenheim museums in Abu Dhabi.
Jim Naureckas has an appropriately scathing response:
In case you're curious about what kind of results this kooky agenda had, here's a chart (NACLA, 10/8/12) based on World Bank poverty stats–showing the proportion of Venezuelans living on less than $2 a day falling from 35 percent to 13 percent over three years. (For comparison purposes, there's a similar stat for Brazil, which made substantial but less dramatic progress against poverty over the same time period.)
Of course, during this time, the number of Venezuelans living in the world's tallest building went from 0 percent to 0 percent, while the number of copies of the Mona Lisa remained flat, at none. So you have to say that Chavez's presidency was overall pretty disappointing–at least by AP's standards.
AP: Chavez Wasted His Money on Healthcare When He Could Have Built Gigantic Skyscrapers
(via Making Light)
Retired Brigadier General John Adams served for 30 years, including a stint as a military intelligence officer: in an op-ed in The Hill, he says that while he supports trade deals, the secretive Trans Pacific Partnership has almost nothing to do with trade, and will hasten America’s de-industrialization, making it harder for the US military […]
Francis Gurry, the fair-use hating, web-hating, North Korea embargo-breaking, witch-hunting, blackmailing head of the UN’s World Intellectual Property Organisation (WIPO) has a new pick to run copyright at the UN agency: Sylvie Forbin, a lobbyist for for French entertainment giant Vivendi.
CETA — the “Comprehensive Economic and Trade Agreement” is a secretly negotiated deal between Canada and the EU, mirroring many of the most controversial provisions in notorious deals like ACTA, TPP, and TTIP — including the “corporate sovereignty” clauses that permit multinational corporations to sue governments in closed courts, and force them to repeal environmental, […]
The Lytro Illum is our all-time best-selling camera and here’s our best deal yet. Apply the code “Lytro10” to save an extra 10% off on this camera’s mind-blowing functionality in this exclusive one day only sale.
If you’re looking to earn a top salary in the tech industry, there’s no better career than coding. However, sometimes the hardest part of entering this career path is knowing where to begin.We took the Complete Web Developer Course because it took that decision out of our hands. This course teaches beginner-friendly coding languages that will also help land an immediate […]
To be a Pokémon master, you’ll need a phone that won’t constantly die on you. Because nothing is worse than seeing the screen go black right as you’ve finally found the Charizard of your dreams.That’s why we’re so excited about the LinearFlux PokeCharger Portable Battery ($39.99). With its 3.0 Amp HyperCharging technology, this slim battery will […]