In this week’s roundup… The Unites States adds four top-ranking Venezuelan officials to its list of drug kingpins at the same time that new WikiLeaks cables reveal more ties between the Chávez government and drug trafficking; Irish cardboard maker, Smurfit Kappa Group Plc, will not be compensated for its confiscated land; Chavez’s gold repatriation could further hurt Venezuela’s credit rating; a new poll shows that the majority of Venezuelans disapprove of the Chávez administration’s performance as concerns about his health persist and 12-month inflation rate hits 25.8% through August in Venezuela.
U.S. Sanctions Venezuela Officials, Citing Drug Ties, The Wall Street Journal (By José de Córdoba)
The U.S. added a Venezuelan general, two legislators and a top intelligence official to a kingpins list for their alleged involvement in drug dealing and arms trafficking with Colombian guerrillas, the U.S. Treasury said Thursday.
Caracas Cables: Drug Trafficking Venezuelan Airline? Senator Dodd’s Meeting With Chávez; Wild West Border Region, The Huffington Post
For the past year or so, I’ve been writing steadily about WikiLeaks and U.S. diplomatic correspondence between various American embassies in Latin America and the State Department in Washington, D.C.
Venezuela Says Smurfit Kappa Won’t Be Compensated for Forestry Seizure, Bloomberg
Venezuela won’t compensate Smurfit Kappa Group Plc (SKG) for the seizure of 12,000 hectares of forestry plantations the Irish cardboard maker controlled in the South American country, Agriculture Minister Juan Carlos Loyo said.
ANALYSIS-Venezuela gold repatriation may hurt credit rating, Reuters via TD Waterhouse
Venezuelan President Hugo Chavez’s plan to repatriate the country’s external gold reserves could weaken its credit ratings, causing losses for bondholders while attracting a new wave of high-risk investors. The 57-year-old socialist leader announced last month he was nationalizing the country’s gold industry and bringing back some $11 billion in international bullion reserves that Venezuela holds in banks abroad.
Venezuela poll: Chavez’s popularity unchanged, The Associated Press via Forbes (Also posted on The Washington Post)
President Hugo Chavez’s approval ratings remain in the 50 percent range, but a majority of Venezuelans disapprove of the government’s performance on key issues such as crime, corruption and the economy, according to a poll released Wednesday.
UPDATE: Venezuela’s August CPI Up 2.2% On Month, The Wall Street Journal
12-month inflation rate hits 25.8% Through Last Month – Venezuela’s Inflation Rate Jumps 2.2% In August – Food Prices Continue to Drive Inflation
Chavez expects cancer recovery to stretch, AFP via Emirates 24/7
Venezuelan President Hugo Chavez on Wednesday said he would continue his cancer recovery through the end of this year but pledged to be fit and in form to run for reelection in the new year.