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A Tough Act to Follow—Venezuela Edition

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.

Meet Alessandra Cominetti, a recipient of MIT Technology Review Magazine's Innovators Under 35 award. As a lab technician at Eni's Research Centre for Renewable Energy in Novara, Alessandra has devoted her career to finding new solutions and materials to optimize solar energy. Much like the serendipitous encounter that resulted in her employment, her eagerness and willingness to try new things allowed her to stumble upon a material for the creation of portable solar panels.

Watch her remarkable story on the latest episode of Faces of Eni.

"If [the election] is very close and it ends up in the courts, that kind of protracted situation I think will lead many Americans to believe that it was an unfair election." Rick Hasen, election law expert and author of Election Meltdown, lays out some of the worst-case scenarios for Election Day, ranging from unprecedented voter suppression to dirty tricks by foreign actors. The conversation was part of the latest episode of GZERO World with Ian Bremmer. The episode begins airing nationally in the US on public television this Friday, October 30. Check local listings.

"No election is conducted perfectly, and elections have all kinds of problems.We're going to have more problems because we're running an election during a pandemic." Election law expert Rick Hasen cautions that both campaigns could misconstrue honest mistakes in the administration of this week's national election as nefarious acts. The integrity of the election, he warns, could be compromised by human error and the unprecedented challenges posed by a once-in-a-lifetime pandemic. Hasen's especially concerned about key states like Pennsylvania, Wisconsin and Michigan. His conversation with Ian Bremmer is part of the latest episode of GZERO World.

Carl Bildt, former Prime Minister and Foreign Minister of Sweden, shares his perspective on Europe In 60 Seconds:

With COVID increasing in France, Germany, Spain, and elsewhere, has Europe lost control of the pandemic?

Well, I wouldn't say lost control, but clearly it is a very worrying situation. With COVID increasing virtually everywhere, we see a new wave of semi-lockdowns... it's not as bad as it was in the spring... with the hope of being able to contain the surge during the month of November. Let's wait and see.

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An extended conversation with Anne-Marie Slaughter, a former top State Department official under President Obama and the CEO of the think tank New America. Slaughter spoke with Ian Bremmer about how a "President Biden" could reshape US foreign policy.

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