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Maduro faces off with US over Venezuela rival’s power claim

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CARACAS, Venezuela — Venezuelans headed into uncharted political waters Thursday, with the young leader of a newly united and combative opposition claiming to hold the presidency and socialist President Nicolas Maduro digging in for a fight with the Trump administration.

Violence flared again Wednesday during big anti-government demonstrations across Venezuela, and at least seven protesters were reported killed in the escalating confrontation with Maduro, who has been increasingly accused of undemocratic behaviour by the United States and many other nations in the region.

Juan Guaido, the new leader of the opposition-controlled National Assembly, turned up the heat by declaring himself interim president before a mass of demonstrators in Caracas. He said it is the only way to end the Maduro “dictatorship” in Venezuela, which has seen millions flee in recent years to escape sky-high inflation and food shortages.

“We know that this will have consequences,” Guaido shouted to the cheering crowd, then slipped away to an unknown location amid speculation that he would soon be arrested.

In a united and seemingly co-ordinated front, the U.S., Canada and some Latin American and European countries announced that they supported Guaido’s claim to the presidency.

But Russia, China, Iran, Syria and Turkey have voiced their backing for Maduro’s government.

President Donald Trump promised to use the “full weight” of U.S. economic and diplomatic power to push for the restoration of Venezuela’s democracy. “The people of Venezuela have courageously spoken out against Maduro and his regime and demanded freedom and the rule of law,” he said in a statement.

Maduro fired back by breaking diplomatic relations with the U.S., the biggest trading partner for the oil-exporting country, and ordering American diplomats to get out of the country within 72 hours. Washington said it would ignore the order.

The socialist leader, who so far has been backed by the military, as well as the government-packed courts and a constituent assembly, recalled the long history of heavy-handed U.S. interventions in Latin America during the Cold War as he asked his allies for support.

“Don’t trust the gringos,” he thundered to a crowd of red-shirted supporters gathered at the presidential palace. “They don’t have friends or loyalties. They only have interests, guts and the ambition to take Venezuela’s oil, gas and gold.”

China’s Foreign Ministry called on the United States to stay out of the crisis, while Russia’s deputy foreign minister warned the U.S. against any military intervention in Venezuela.

Some Russian officials reacted with anger to the opposition protests. Alexei Pushkov, chairman of the information committee at the Russian Federation Council, called Guaido’s declaration “an attempted coup” backed by the U.S.

Russia has been propping up Maduro with arms deliveries and loans. Maduro visited Moscow in December, seeking Russia’s political and financial support. Over the last decade, China has given Venezuela $65 billion in loans, cash and investment. Venezuela owes more than $20 billion.

On Thursday, attention will shift to Washington, where diplomats at the Organization of American States will hold an emergency meeting on the Venezuelan situation. The debate promises to be charged, and the National Assembly’s newly picked diplomatic envoy will be lobbying to take Venezuela’s seat from Maduro’s ambassador.

Meanwhile, many Venezuelans will be looking for Guaido to re-emerge and provide guidance on the opposition’s next steps. The armed forces’ top command, which has so far remained silent, is also expected to issue a statement, although nobody expects the general’s loyalties to Maduro to have shifted.

The price of oil slipped for the third time in four days Wednesday, an indication that international energy markets are not overly concerned yet that the situation in Venezuela — America’s third top oil supplier and owner of Houston-based Citgo — will disrupt global crude supplies.

Tensions began ramping up earlier this month as Maduro took the oath of office for a second six-year term won in an election last May that many in the region contend was not free or fair because his strongest opponents were barred from running.

The 35-year-old Guaido, a virtually unknown lawmaker at the start of the year, has reignited the hopes of Venezuela’s often beleaguered opposition by taking a rebellious tack amid Venezuela’s crushing economic crisis.

He escalated his campaign Wednesday by declaring that the constitution gives him, as president of the congress, the authority to take over as interim president and form a transitional government until he calls new elections.

Raising his right hand in unison with tens of thousands of supporters, he took a symbolic oath to assume executive powers: “Today, January 23, 2019, I swear to formally assume the powers of the national executive as president in charge of Venezuela.”

The assault on Maduro’s rule came after large crowds gathered in Caracas waving flags and chanting “Get out, Maduro!” in what was the biggest demonstration since a wave of unrest that left more than 120 dead in 2017.

There were no signs that security forces heeded Guaido’s call to join the anti-Maduro movement and go easy on demonstrators. Hours after most demonstrators went home, violence broke out in Altamira, an upscale zone of Caracas and an opposition stronghold, when National Guardsmen descended on hundreds of youths, some of them with their faces covered, lingering around a plaza. Popping tear gas canisters sent hundreds running and hordes of protesters riding two and three on motorcycles fleeing in panic.

Blocks away, a small group knocked a pair of guardsmen riding tandem off their motorcycle, pelting them with coconuts as they sped down a wide avenue. Some in the group struck the two guardsmen with their hands while others ran off with their gear and set their motorcycle on fire.

Meanwhile, four demonstrators were killed by gunfire in the western city of Barinas as security forces were dispersing a crowd. Three others were killed amid unrest in the border city of San Cristobal.

Amid the showdown, all eyes are on the military, the traditional arbiter of political disputes in Venezuela — and to which Guaido has been targeting his message.

On Monday, a few dozen national guardsmen seized a stockpile of assault rifles in a pre-dawn uprising that was quickly quelled, although residents in a nearby slum showed support for the mutineers by burning cars and stoning security forces. Disturbances flared up that night in other working-class neighbourhoods where the government has traditionally enjoyed strong support, and more violence was reported Tuesday night.

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Associated Press journalists around the world contributed to this report.

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Joshua Goodman on Twitter: https://twitter.com/APjoshgoodman

Joshua Goodman, The Associated Press











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What is ‘productivity’ and how can we improve it

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From the Fraser Institute

By Jock Finlayson

Earlier this year, a senior Bank of Canada official caused a stir by describing Canada’s pattern of declining productivity as an “emergency,” confirming that the issue of productivity is now in the spotlight. That’s encouraging. Boosting productivity is the only way to improve living standards, particularly in the long term. Today, Canada ranks 18th globally on the most common measure of productivity, with our position dropping steadily over the last several years.

Productivity is the amount of gross domestic product (GDP) or “output” the economy produces using a given quantity and mix of “inputs.” Labour is a key input in the production process, and most discussions of productivity focus on labour productivity. Productivity can be estimated for the entire economy or for individual industries.

In 2023, labour productivity in Canada was $63.60 per hour (in 2017 dollars). Industries with above average productivity include mining, oil and gas, pipelines, utilities, most parts of manufacturing, and telecommunications. Those with comparatively low productivity levels include accommodation and food services, construction, retail trade, personal and household services, and much of the government sector. Due to the lack of market-determined prices, it’s difficult to gauge productivity in the government and non-profit sectors. Instead, analysts often estimate productivity in these parts of the economy by valuing the inputs they use, of which labour is the most important one.

Within the private sector, there’s a positive linkage between productivity and employee wages and benefits. The most productive industries (on average) pay their workers more. As noted in a February 2024 RBC Economics report, productivity growth is “essentially the only way that business profits and worker wages can sustainably rise at the same time.”

Since the early 2000s, Canada has been losing ground vis-à-vis the United States and other advanced economies on productivity. By 2022, our labour productivity stood at just 70 per cent of the U.S. benchmark. What does this mean for Canadians?

Chronically lagging productivity acts as a drag on the growth of inflation-adjusted wages and incomes. According to a recent study, after adjusting for differences in the purchasing power of a dollar of income in the two countries, GDP per person (an indicator of incomes and living standards) in Canada was only 72 per cent of the U.S. level in 2022, down from 80 per cent a decade earlier. Our performance has continued to deteriorate since 2022. Mainly because of the widening cross-border productivity gap, GDP per person in the U.S. is now $22,000 higher than in Canada.

Addressing Canada’s “productivity crisis” should be a top priority for policymakers and business leaders. While there’s no short-term fix, the following steps can help to put the country on a better productivity growth path.

  • Increase business investment in productive assets and activities. Canada scores poorly compared to peer economies in investment in machinery, equipment, advanced technology products and intellectual property. We also must invest more in trade-enabling infrastructure such as ports, highways and other transportation assets that link Canada with global markets and facilitate the movement of goods and services within the country.
  • Overhaul federal and provincial tax policies to strengthen incentives for capital formation, innovation, entrepreneurship and business growth.
  • Streamline and reduce the cost and complexity of government regulation affecting all sectors of the economy.
  • Foster greater competition in local markets and scale back government monopolies and government-sanctioned oligopolies.
  • Eliminate interprovincial barriers to trade, investment and labour mobility to bolster Canada’s common market.
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COP29 was a waste of time

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From Canadians For Affordable Energy

Dan McTeague

Written By Dan McTeague

The twenty-ninth edition of the U.N. Climate Change Committee’s annual “Conference of the Parties,” also known as COP29, wrapped up recently, and I must say, it seemed a much gloomier affair than the previous twenty-eight. It’s hard to imagine a more downcast gathering of elitists and activists. You almost felt sorry for them.

Oh, there was all the usual nutty Net-Zero-by-2050 proposals, which would make life harder and more expensive in developed countries, and be absolutely disastrous for developing countries, if they were even partially implemented. But a lot of the roughly 65,000 attendees seemed to realize they were just spewing hot air.

Why were they so down? It couldn’t be that they were feeling guilty about their own hypocrisy, since they had flown in, many aboard private jets, to the Middle Eastern petrostate of Azerbaijan, where fossil fuels count for two-thirds of national GDP and 90% of export revenues, to lecture the world on the evils of flying in planes and prospering from the extraction of oil and natural gas. Afterall, they did the same last year in Dubai and there was no noticeable pang of guilt there.

It’s likely that Donald Trump’s recent reelection had a lot to do with it. Living as they do in a media bubble, our governing class was completely blindsided by the American people’s decision to return their 45th president to the White House. And the fact that he won the popular vote this time made it harder to deny his legitimacy. (Note that they’ve never questioned the legitimacy of Justin Trudeau, even though his party has lost the popular vote in the past two federal elections. What’s the saying about the modern Left? “If they didn’t have double standards, they’d have no standards at all.”)

Come January, Trump is committed to (once again) pulling the U.S. out of the Paris Climate Accords, to rolling back the Biden Administration’s anti-fracking and pro-EV regulations, and to giving oil companies the green light to extract as much “liquid gold” (his phrase) as possible, with an eye towards making energy more affordable for American consumers and businesses alike. The chance that they’ll be able to leech billions in taxpayer dollars from the U.S. Treasury while he’s running the show is basically zero.

But it wasn’t just the return of Trump which has gotten the climate brigade down. After a few years on top, environmentalists have been having one setback after another. Green parties saw a huge drop off in support in the E.U. parliament’s elections this past June, losing one-third of their seats in Brussels.

And wherever they’ve actually been in government, in Germany and Ireland for instance, the Greens have dragged down the popularity of the coalitions they were part of. That’s largely because their policies have been like an arrow to the heart of those nations’ economies – see the former industrial titan Germany, where major companies like Volkswagen, Siemens, and the chemical giant BASF are frantically shifting production to China and the U.S. to escape high energy costs.

But while voters around the world are kicking climate ideologues to the curb, there are still a few places where they’re managing to cling to power for dear life.

Here in Canada, for instance, Justin Trudeau and Steven Guilbeault steadfastly refuse to consider revisiting their ruinous Net Zero policies, from their ever-increasing Carbon Tax, to their huge investments in Electric Vehicles and the mandates which will force all of us to buy pricey, unreliable EVs in just over a decade, and to the emissions caps which seek to strangle the natural resource sector on which our economy depends.

Minister Guilbeault was all-in on COP29, heading the Canadian delegation, which “hosted 65 events showcasing Canada’s leadership on climate action, nature-based solutions, sustainable finance, and Canadian clean technologies—while discussing gender equality, youth perspectives, and the critical role of Indigenous knowledge and climate leadership” and stood up for Canadian values such as “2SLGBTQI+” and “gender inclusivity.” Once again, in Azerbaijan, which has been denounced for its human rights abuses.

And no word yet on the cost of all of this – for last year’s COP28 the government – or should I say the taxpayers – spent $1.4M on travel and accommodations alone for the 633 member delegation. That number, not counting the above mentioned events, are sure to be higher, as Azerbaijan is much less of a travel destination than Dubai, and so has fewer flights in and available hotel rooms.

At the same time all of this was going on, Trudeau was 12,000 kms away in Rio de Janeiro, Brazil,  telling an audience that carbon taxation is a “moral obligation” which is more important than the cost of living: “It’s really, really easy when you’re in a short-term survive, [to say] I gotta be able to pay the rent this month, I’ve gotta be able to buy groceries for my kids, to say, OK, let’s put climate change as a slightly lower priority.”

This is madness, and it underscores how tone-deaf the prime minister is, and also why current polling looks so good for the Conservatives that Pierre Poilievre might as well start measuring the drapes at the PMO.

He has the Trudeau Liberals’ obsessive pursuit of Net Zero policies in large part to thank for that.

The world is waking up to the true cost of the Net Zero ideology, and leaving it behind. That doesn’t mean the fight is over – the activists and their allies in government are going to squeeze as many tax dollars out of this as they possibly can. But the writing is on the wall, and their window is rapidly closing.

Dan McTeague is President of Canadians for Affordable Energy.

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