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Showing posts from January 13, 2014

Airline dollars trapped in Venezuela increase to $3.3 billion

Jan 13, 2014, 2:57pm EST




Marcio Silva





Shaun BevanReporter-South Florida Business Journal









International airlines working in Venezuela have about $3.3 billion trapped in the country, according to the International Air Transport Association.





Airlines have to wait nearly a year for the Venezuelan government to convert their bolivar earnings into dollars, with the lag time growing, Bloomberg reports.








With an official exchange rate of 6.3 bolivars per dollar, the amount of cash airlines have in the country rose 27 percent from $2.6 billion in November, an IATA spokesman told Bloomberg.







RELATED CONTENT:

Brazilian airline GOL expands daily service at MIA








Companies including Brazil's Gol Linhas Aereas Inteligentes SA and Madrid-based Air Europa have been impacted by the currency controls.






Gol operates daily flights between Sao Paulo, Brazil and Miami International Airport, which it began in late 2012.








http://www.bizjournals.com/southflorida/blog/latin/2014/01/airline-dollars-trapped-in-venezuela.htm…

STAGE EIGHT UPDATE : 2014 DAKAR RALLY

~ Images courtesy of Dakar Rally Facebook Page





AUSTRALIA : THE STORY ABOUT THE HONEY GOLD MANGO

DID YOU KNOW? 



Honey Gold mangoes were first bred by chance in Queensland's Rockhampton region in 1991 and are the natural result of a Kensington Pride off-type which was pollinated by another unknown variety.



 A seed was replanted and when the tree bore fruit, the grower named it Honey Gold. 




Piñata Farms bought the plant breeders' rights to the variety in 2002 and sent the first fruit to market in 2009.





The original Honey Gold tree still bears fruit in the Rockhampton orchard.








~ From Facebook Page










STATE OF CONFUSION : MAMADURO CREATES 111 "VICE-MINISTRIES" !!!

Nicolas Maduro: Clueless in Miraflores



by moctavio







In the traditional structure of a Government, the Vice-Minister or Under Secretary plays a key role in that he or she runs the Ministry or Department, while the Minister or Secretary, a more political appointment, takes care of the political side, going to public functions and the like. 



In Venezuela, it used to be the same, the Vice-Minister was a more managerial, less political person, who would run the day to day administrative aspects, while the Minister attended functions, Cabinet meetings and the like. The Vice-Minister also took the place of the Minister when the Minister was away. 



Under the Vice Minister, there were the "Directores", who ran each area of the Ministry. Obviously, Vice-Ministers have more perks than "Directores", higher salaries, cars, body guards and the like.







When Chávez came to power, he began "inventing" Vice-Ministries, mostly to reward buddies who had done something for him, but c…