A forum for discussing financial economics, structured finance and investment management
Thursday, August 28, 2008
Venezuela - Communism Full Steam Ahead
Venezuelan President Hugo Chávez and congressional allies passed a bill to nationalize gasoline. The law means an end to wholesale sales by private companies in the country. Distributors have 60 days to negotiate the sale of their businesses to the government.
I'm a veteran of two careers - high school math and physics teacher, retirement consulting actuary - who is now enjoying the pleasure of staying at home for my daughter. (My avatar is in honor of Will Durant, whom I consider the last true sage.)
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