A mysterious oil spill at Puerto Sandino during Semana Santa has leaked sticky evidence of what is apparently a secretive and lucrative oil-exporting business that ALBA de Nicaragua (ALBANISA) is running on the side, according to an investigative report published...

(posted April 29, 10:20 p.m.)- South American liberator Simón Bolívar must have tossed and turned in his sleep; apparently he had reoccurring dreams of the Chinese building an oil refinery in Nicaragua. The so-called “Supreme Dream of Bolívar” oil refinery...

(posted Feb. 25, 5:30 p.m.)- The Mosquito Coast’s ancestral Council of Elders is calling on indigenous communities to “organize against the aggression and neutralize the actions of invasion, occupation, destruction of forests, land sales and illegal concession that the State...

(posted Feb. 14, 10:40 a.m.)- The rumors about ouster of Central Bank President Antenor Rosales are true. President Daniel Ortega this morning named Finance Minister Alberto Guevara as the new head of the Central Bank, according to a government release....

(posted Feb. 12, 12:15 p.m.)- The job status of Central Bank president Antenor Rosales is apparently on shaky ground. The opposition daily La Prensa is reporting rumors of his resignation and El Nuevo Diario notes that Rosales’ name did not...

  Bad credit? No credit? No problem! President Daniel Ortega is putting on his banker’s visor and taking time off from denouncing the evils of savage capitalism to try to raise startup capital for the newly announced Bank of ALBA,...

Analysis The fallout from Iranian President Mahmoud Ahmadinejad’s visit to Venezuela, Nicaragua, Cuba and Ecuador last month continues to reverberate loudly in Washington, and could mark what some think is the beginning of a geopolitical tidal shift in the military-industrial...

(posted Feb. 6, 7:00 a.m.)-President Daniel Ortega’s renewed enthusiasm for the long-frustrated Nicaraguan Canal project was on display again last weekend in Caracas, when he asked the member countries of the Venezuelan-propped Bolivarian Alliance for the Americas (ALBA) for backing....

Analysis. Undeterred by the coup in Honduras that stunted its growth in 2009, the Venezuelan-led Bolivarian Alliance for the Americas (ALBA) will take another stab at creating an alternative hemispheric forum during this weekend’s inaugural powwow of the Community of...

MANAGUA – For the past five years, President Daniel Ortega and his Sandinista officials have talked about ALBA in fanciful and religious terms, comparing Venezuelan aid to the “project of Christ” and suggesting it’s somehow helping to build “the Kingdom...