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Venezuela bondholders inch toward showdown

Monday, March 27, 2017

In Houston's Katy suburb, a Venezuelan population thrives

When Rafael Nava Aguilar arrived in Houston four years ago, settling west of the city in the suburb of Katy, he was confident of what life there could offer. Affordable homes. Good schools. And Venezuelan neighbors. Lots of them. Aguilar now lives in what's affectionately known as "Katy-zuela." Nearly half of the more than 11,000 Venezuelans in Houston live in the 181 square miles that make up Katy. Many were lured there at the turn of the century by jobs in the energy industry. In recent years, they've faced the challenges of the downturn in the oil business, and they've kept a close eye on home, as Venezuela suffers through a catastrophic economic crisis. More…

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