Innistæður að fullu tryggðar, segir Glitnir

Thursday, October 9, 2008

Indeed.

And from Taranto’s Best of the Web on Wednesday:

The Enron of Countries

  • “Iceland was 80 percent dependent on imported coal and oil in the 1970s and was among the poorest economies in Europe. Today, Iceland is 100 percent energy independent, and according to the International Monetary Fund is now the fourth most affluent nation on Earth.”–Robert F. Kennedy Jr. in a CNN.com commentary, Aug. 25
  • “Iceland Teeters on the Brink of Bankruptcy: This volcanic island near the Arctic Circle is on the brink of becoming the first ‘national bankruptcy’ of the global financial meltdown.”–headline and lead paragraph, Associated Press, Oct. 7

Interesting. Looks like Robert F. Kennedy Jr. was relying on Laurie David for his insights. Well, Joseph Kennedy relies on Hugo Chavez, so the advantage goes to…well, no one.


Posted @ 7:29 am | Category: General | Author: Carter Wood | Tags: , , , , , | No Comments

Speaking of Hugo Chavez

Monday, August 18, 2008

Amity Shlaes mentions Hugo Chavez in her Washington Post op-ed cited below, an impetus to catch up to what Venezuela’s anti-American, oil-rich, aspiring-and-almost-there dictator is up to. 

  • CARACAS, Venezuela (AP) — Venezuela is moving ahead with the nationalization of foreign-owned cement companies, President Hugo Chavez said Sunday, a day before the expiration of a 60-day period for negotiating compensation.
  • SAN PEDRO, Paraguay (AP) - Venezuelan President Hugo Chavez on Saturday promised Paraguay’s new leftist president a steady supply of fuel to prevent shortages that could cause civil unrest.
  • MINSK, Belarus (AP) — Venezuela signed over three more oil fields to a joint venture with Belarus on Wednesday, with Venezuelan President Hugo Chavez declaring that the two nations were strongly united in their resistance to “U.S. imperialism” and Washington’s “lackeys.”
  • Chávez Sees Cuba as a Model (WSJ) — It is no secret that Hugo Chávez wants to be just like Fidel Castro someday. And last week he took a step closer to that goal by laying down 26 new decrees designed to eviscerate property rights and further consolidate economic power in the presidential palace. He also nationalized the third-largest bank in the country.
  • Several weeks ago, Venezuela President Hugo Chávez provided free energy-saving light bulbs to some low-income residents of Houston, Texas. This magnanimous act probably gained him a few American fans. In late March of this year, he also announced his plan to fund “an energy revolution” in Venezuela.
  • CONCORD, N.H. (AP) — Two years ago, New Hampshire refused to accept heating oil from Venezuelan President Hugo Chavez, the pro-Castro U.S. critic who once called President Bush “the devil.” But with fuel prices rising, well, free oil is free oil. With the state’s blessing, New Hampshire residents will be receiving some of the fuel this winter.

Meanwhile, Colombia President Alvaro Uribe is in Atlanta at the Americas Competitiveness Forum promoting hemispheric prosperity, markets and democracy.
 


Posted @ 9:56 am | Category: Energy, Trade | Author: Carter Wood | Tags: , , | One Comment

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