A Tough Act to Follow—Venezuela Edition

Given the depth and longevity of Venezuela’s political and economic crisis, President Nicolas Maduro, the salsa-loving successor to strongman Hugo Chavez, has clung to power with remarkable tenacity. He may hang on a while longer, but new evidence emerged this week that makes clear why he can’t survive indefinitely.


One — new data from OPEC and the International Energy Agency show the decline in Venezuela’s all-important oil production is gathering speed. This problem will have an increasingly dramatic effect on the government’s cash-flow, especially since a considerable amount of the country’s oil is needed at home. Otherwise, it goes toward paying off loans from other countries, or is sold at a deep discount to its ally Cuba.

Two — after purging Rafael Ramirez, former head of state-run oil firm PDVSA, and others a few months ago, Maduro ordered the arrest last week of former Interior Minister Miguel Rodriguez Torres, a former spy chief under Chavez and potential political rival for Maduro. Several military officers have also been arrested. Is Maduro in imminent danger from the ruling elite or the military? From the outside, it’s impossible to know. But purges can sometime create enemies, even where none existed before.

In short, the cash cow is wasting away, and the risk of dissent within the elite is on the rise.

Earlier this year, two powerful cyclones struck the northern coast of Mozambique and were followed by months of torrential rain. Mozambique faced an unprecedented humanitarian crisis. "The coast road from Pemba airport to the city center and its harbor was totally destroyed," said Franco Picciani, operations manager at Eni Rovuma Basin. The damage brought the city's economy to a standstill.

Eni answered the call, providing its equipment and expertise. "We rebuilt the coast road in less than two months," Picciani said. "We work in the area. We have a logistics base here. It's home to us. When the area needed help, we didn't stop to think about it for a minute. It goes without saying that we should look after the community we work in."

Learn more at Eniday: Energy Is A Good Story

Six months after pro-democracy Hong Kong protesters began marching against an extradition law that would have allowed suspects to be tried in mainland courts, things in the semi-autonomous territory feel on the brink. The question is, the brink of what?

Rather than a sudden break that resolves the crisis one way or another – either a government capitulation or crackdown by Beijing – Hong Kong may instead be facing a prolonged, violent, and costly stalemate. Here's why:

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Why do journalists keep sources anonymous?

So, anonymity can be granted for a number of reasons. The main one is a risk of retaliation against the person, against their job, against their personal safety. For instance, if you report in a war zone or on a crime victim. It can also be to protect vulnerable people such as children, or if it's just the only way to get the information out.

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Latin America's longest-serving head of state is now out. Bolivia's fiery leftwing President Evo Morales resigned on Sunday, after weeks of increasingly violent protests over his apparent bid to rig last month's presidential elections.

Although he agreed under international pressure to hold a fresh ballot, he and his vice president were ousted by the military after a number of local police units sided with demonstrators.

His supporters say this is an illegal coup that undermines democracy. His opponents say Morales' attempt to rig the election was the real assault on democracy and that the army has merely stepped in to restore order so that elections can be held.

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