By Francesco Zaratti: There is no free lunch, says an old adage of economists. And in the case of Artificial Intelligence (AI), the menu is not only salty, but astronomically expensive. Every economic enterprise consumes energy, but technological megaprojects devour enormous amounts of it, measured in “Terawatt hours” (1 “Tera” means 10 to the power…
Tag: demagogue
“People are prioritizing food over dollars”: USDT drops below Bs 15 | “La gente está priorizando alimentos antes que dólares”: cae del USDT por debajo de Bs 15
By Ernesto Estremadoiro, El Deber: EXCHANGE RATE People are prioritizing buying food over purchasing dollars/Photo: Ricardo Montero Fernando Romero, president of the College of Economists of Tarija, attributes the drop in the digital dollar to lower demand driven by inflation, informal currency inflow, and a political environment that generates expectations of stability. The price of…
Crisis causes travel flow at Viru Viru to drop by up to 50% | La crisis hace que el flujo de viajes en Viru Viru caiga hasta un 50 %
By Ernesto Estremadoiro, El Deber: Aviation fuel shortage YPFB assures normal supply /Photo: Ricardo Montero According to YPFB, the supply of Jet Fuel is guaranteed; however, the aviation sector questions the irregular provision The Viru Viru International Airport in Santa Cruz has recorded a drop of up to 50% in its daily operations with large…
Hidden poverty and structural crisis | Pobreza oculta y crisis estructural
By Ernesto Estremadoiro, El Deber: Jubileo Foundation warns of hidden poverty and structural crisis: “Bs 100 is no longer enough to buy food” The Bolivian peso continues to lose value Economist Carla Cordero warns that Bolivia is facing a multidimensional crisis that erodes families’ purchasing power, with food inflation surpassing 20% and state measures proving…
Boliviano devaluation reaches 137% against the dollar | Devaluación del boliviano es de 137% respecto al dólar
By El Diario: The boliviano is facing its highest exchange rate pressure in over a decade, as the value of the U.S. dollar in the parallel market surges, creating an unprecedented gap with the official exchange rate. Although the Central Bank of Bolivia (BCB) maintains the official rate at 6.96 bolivianos per dollar, on the…
Fiscal pact urged due to falling gas revenue | Urge un pacto fiscal por caída de ingresos de la renta del gas
By El Diario: Affected Departments In light of the decline in revenue from natural gas sales to Brazil and the termination of the contract with Argentina, the economic situation of the departmental governments is deteriorating, as about 95% of their budgets rely on royalties. Therefore, a fiscal pact is being proposed to revise the revenue…
Bolivian Thoughts | Pensamientos Bolivianos (Bilingual/Bilingüe) 