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Keyword: venezuela

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  • Venezuelans Are Now Throwing Away Money Because It’s So Worthless

    01/18/2018 1:32:19 PM PST · by detective · 29 replies
    The Daily Caller ^ | 01/18/2018 | Joe Simonson
    The economy has gotten so bad in socialist-ruled Venezuela, that people are simply throwing their money away because it has become so worthless due to rampant inflation. A column Wednesday in The Washington Post details the desperate conditions millions of Venezuelans face on a daily basis. Things are so bad, according to columnist and executive editor of the Caracas Chronicles Francisco Toro, that “small-denomination currency [is] now so worthless” that even “looters…[don’t] think [it is] worth their time to stop and pick them up” in garbage cans. Each of 20-bolivar bills, according to analysts, is worth about $0.0001 at the...
  • Venezuela's cash crisis: You can't get $1 from a bank. I tried.

    01/18/2018 11:59:37 AM PST · by detective · 19 replies
    MSN News ^ | January 18, 2018 | Stefano Pozzebon
    This was a typical day in Caracas, Venezuela, capital of the world's most miserable economy. In most of the world, getting a little money out of the bank is an errand, something forgettable. In Venezuela, for millions of people, it is complicated, tedious and surreal, or just impossible.
  • Venezuela’s Oil Production Is Collapsing

    01/18/2018 6:39:06 AM PST · by C19fan · 45 replies
    Wall Street Journal ^ | January 18, 2018 | Anatoly Kurmanaev and Kejal Vyas
    Venezuela’s oil output is collapsing, making it unlikely the South American country can benefit from rising global prices for oil and increasing the chances of a debt default this year that could turn its economic crisis into a humanitarian disaster.
  • Cables Portray Expanded Reach of Drug Agency [Blabber mouths......]

    12/25/2010 6:58:55 PM PST · by Sub-Driver · 19 replies · 1+ views
    Cables Portray Expanded Reach of Drug Agency By GINGER THOMPSON and SCOTT SHANE WASHINGTON — The Drug Enforcement Administration has been transformed into a global intelligence organization with a reach that extends far beyond narcotics, and an eavesdropping operation so expansive it has to fend off foreign politicians who want to use it against their political enemies, according to secret diplomatic cables. In far greater detail than previously seen, the cables, from the cache obtained by WikiLeaks and made available to some news organizations, offer glimpses of drug agents balancing diplomacy and law enforcement in places where it can be...
  • Food riots grip western Venezuela, mob reportedly slaughters cattle in field

    01/12/2018 7:24:31 PM PST · by Wally_Kalbacken · 48 replies
    Reuters ^ | 12 January 2018 | By Anggy Polanco and Francisco Aguilar
    SAN CRISTOBAL/BARINAS, Venezuela, Jan 11 (Reuters) - Hungry mobs ransacked a food collection center, and a supermarket in Venezuela's western Andean state of Merida on Thursday and reportedly even slaughtered cattle grazing in a field as unrest over food shortages spread through the country. An opposition lawmaker from Merida, Carlos Paparoni, said four people had died and 10 were injured in the chaos over the last two days, but he did not specify the circumstances. Four years of recession and the world's highest inflation have plunged millions of Venezuelans into poverty, and President Nicolas Maduro's authoritarian socialist regime faces mounting...
  • Food riots grip western Venezuela, mob reportedly slaughters cattle in field

    01/12/2018 10:10:30 AM PST · by Red Badger · 27 replies
    news.trust.org ^ | Friday, 12 January 2018 03:52 GMT | By Anggy Polanco and Francisco Aguilar
    Unrest over food shortages spreads through the country SAN CRISTOBAL/BARINAS, Venezuela, Jan 11 (Reuters) - Hungry mobs ransacked a food collection center, and a supermarket in Venezuela's western Andean state of Merida on Thursday and reportedly even slaughtered cattle grazing in a field as unrest over food shortages spread through the country. An opposition lawmaker from Merida, Carlos Paparoni, said four people had died and 10 were injured in the chaos over the last two days, but he did not specify the circumstances. Four years of recession and the world's highest inflation have plunged millions of Venezuelans into poverty, and...
  • Journalist Describes How Fusion GPS Smeared Him as a 'Pedophile,' 'Extortionist' and...

    01/06/2018 3:32:45 PM PST · by E. Pluribus Unum · 7 replies
    PJ Media ^ | JANUARY 5, 2018 | DEBRA HEINE
    [FULL TITLE] Journalist Describes How Fusion GPS Smeared Him as a 'Pedophile,' 'Extortionist' and 'Drug Trafficker' The shady, liberal opposition research firm behind the discredited anti-Trump dossier uses smear tactics and intimidation to discredit people who go against its clients, a London-based Venezuelan journalist told Fox News Thursday. In congressional testimony as well, Alek Boyd said Fusion GPS labeled him a “pedophile,” “extortionist” and “drug trafficker” after he criticized Derwick Associates, one of its clients. “I believe that Fusion GPS’s business is to do basically whatever the paymasters tell them to do,” Boyd said in his first American TV interview....
  • Venezuela to raise minimum wage despite economic crisis

    01/05/2018 5:12:49 AM PST · by lowbridge · 17 replies
    BBC ^ | January 1, 2018
    Venezuela is set to raise its minimum wage by 40%, in a move expected to worsen already high levels of inflation. The country is suffering from an economic crisis in which shortages of food and medicine are common. Venezuela's economy has been hit by falling oil revenue and the plummeting value of the Bolivar. President Nicolas Maduro announced the wage increase in his end-of-year address. He said the move would "protect workers" from what he called an economic war on the socialist nation by the United States and others.
  • Cash-Strapped Venezuela Offers to Pay for Medicines With Diamonds...barter spreads [tr]

    01/04/2018 9:31:12 AM PST · by Brilliant · 44 replies
    WSJ ^ | 1/4/2018 | Kejal Vyas
    With hospital shelves bare and the government stumped on how to settle $5 billion in arrears to pharmaceutical companies, cash-strapped Venezuela recently offered some foreign suppliers alternative compensation: diamonds, gold and coltan, the rare metal used to make cellphones and Playstations. The proposed exchange perplexed the pharma representatives, whose companies had no policies on accepting precious gems and metals as payment, according to three people familiar with the meeting last month where Venezuela’s health minister made the offer. While it isn’t clear if any of the companies accepted it, the proposal underscores how Venezuela’s economic collapse is forcing President Nicolás...
  • Venezuela Misses Another Debt Payment, Raising Stakes for Bondholders

    01/03/2018 5:52:06 AM PST · by C19fan · 9 replies
    Wall Street Journal ^ | January 2, 2018 | Julie Wernau and Imani Moise
    Venezuela has defaulted on another debt obligation, according to S&P Global Ratings, intensifying investor fears about the country’s ability to make more than $9 billion in bond payments due in 2018. The ratings firm said Tuesday that Venezuela failed to make $35 million in coupon payments for its bonds due in 2018 within a 30-day grace period. The government and the state-owned oil company are now behind on $1.28 billion in payments, according to investment firm Caracas Capital.
  • The First Anti-American President

    12/28/2017 7:44:49 PM PST · by Kaslin · 44 replies
    PJ Media ^ | December 28, 2017 | Michael Ledeen
    Barack Obama will no doubt be chronicled, among other things, as the first anti-American president. No wonder; he’s the product of an educational system that has become increasingly radical and anti-American with each passing decade, and his mother was a stereotypical leftist anthropologist with a passion for the Third World. The pattern is unmistakable. As Luis Fleischman notes, Obama wanted to make deals with our enemies, Iran being the most dramatic example. But just look at Latin America: The Obama Administration tried to avoid confrontations with anyone it wanted to make a “historic deal” with. Most of these “historic deals”...
  • Venezuelans Abandon Bolivar – Merchants Insist On Being Paid In Dollars (Wonderful Socialism)

    12/27/2017 6:48:50 AM PST · by blam · 34 replies
    Capitol Zero ^ | 12-27-2017
    Venezuelans are struggling to carry out basic transactions like purchasing food as the value of their currency, the bolivar, has plunged against the dollar amid the country’s worsening economic collapse. According to Reuters, over the past year, Venezuela’s currency weakened 97.5% against the greenback: Put another way, $1,000 of local currency purchased in early January would be worth just $25 now. The annual inflation rate in 2017 could reach $2,000. Though at least one other estimate puts the real rate of inflation closer to 2,800%. Of course, President Maduro has blamed websites like DolarToday – which publishes the closest thing...
  • 9th Circuit court rules against third Trump travel ban, no immediate effect

    12/23/2017 4:05:16 PM PST · by EdnaMode · 37 replies
    Washington Examiner ^ | December 22, 2017 | Naomi Lim
    The Ninth U.S. Circuit Court of Appeals ruled Friday that part of President Trump's third attempt at a travel ban should be blocked. The ruling, however, will not take effect pending review by the U.S. Supreme Court. The White House's third attempt at the travel ban targeted foreigners from six Muslim-majority countries, Venezuela, and North Korea. Rather than take apart the entire ban, however, three members of the 9th Circuit ruled that only the prohibitions on "foreign nationals who have a bona fide relationship" within the United States should be stopped. The dispute will not return to the Supreme Court...
  • Caraqueńos have no plans for Christmas because of the economic crisis

    12/23/2017 2:38:04 PM PST · by Steely Tom · 9 replies
    El Nacional (Venezuela) ^ | 22 December 2017 | WILLIAMS PERDOMO
    Retailers report low sales. According to the National Assembly, Venezuela could close this year with an inflation of 2000%. Little streets decorated by the holiday party and citizens looking for the cheapest prices to bring something home. This is how the streets of Caracas look like on Christmas Day. In a survey conducted by El Nacional Online, the people of Caracas expressed the challenge of celebrating the holiday season. They indicated that this year will be different from the previous ones due to the economic situation that Venezuela is enduring. "On the 24th I'm going to sit down and talk...
  • Prices of meat and chicken have increased by more than 200% in a month and a half

    12/23/2017 2:02:16 PM PST · by Steely Tom · 47 replies
    El Nacional (Venezuela) ^ | 22 December 2017 | CARLOS SEIJAS MENESES
    Neither audits nor threats to traders by the National Superintendence for the Defense of Socio-Economic Rights prevented prices of beef and chicken skyrocketing in the space of a month and a half. The agency regulated the meat between 38,000 (lizard with bone, rib and red bone) and 80,000 bolívares (lomito), but in 45 days it increased 225%. On October 30 the little meat that was obtained in the markets and butchers sold it in 80,000 bolivars. Yesterday the kilo of ground meat cost 230,000 bolivares in El Valle, while in the municipal market of Chacao the steak, ground, stewed and...
  • Trump administration finds success in bringing home Americans detained abroad

    12/20/2017 2:42:25 PM PST · by Kaslin · 11 replies
    Fox News. com ^ | December 20, 2017 | Andrew O'Reilly
    President Trump is well known for his brash and confrontational style of governing – but it could be the more diplomatic side of his administration generating some of the biggest victories in 2017. Amid all the debate over issues like the travel ban, the border wall and health care, senior officials in the White House and State Department have quietly worked behind the scenes to resolve a major concern of the president: securing the release of American citizens detained by foreign governments and terror groups. “Immediately after President Trump took office, he told Secretary [of State Rex] Tillerson to prioritize...
  • Socialism Still Popular in US Despite Venezuelan Example

    12/19/2017 9:40:08 PM PST · by Kaslin · 13 replies
    Townhall.com ^ | December 20, 2017 | Jonah Goldberg
    It's a puzzle. Over the last decade, Venezuela has supplanted Cuba as the Shangri-La of the American left. Not long ago, self-declared socialist Sen. Bernie Sanders insisted that the American dream was more achievable in the Bolivarian Republic than in America. A string of Hollywood luminaries made the pilgrimage to visit the socialist Mecca to say ponderous and stupid things. Today, the praise is more muted, because events have illuminated that stupidity. The government recently advised its citizens to eat their pet rabbits. Inflation in Venezuela is reminiscent of Weimar Germany. Roughly 85 percent of Venezuelan companies have stopped production...
  • Putin extends lifeline to cash-strapped Venezuela

    12/18/2017 2:06:25 PM PST · by GoldenState_Rose · 30 replies
    Cnn ^ | Nov 2015 | Patrick Gillespie
    Russia just gave Venezuela a big break on debt payments. It's the latest sign that the two nations are deepening ties as the Trump administration cracks down on Venezuela. The Kremlin announced that it had agreed to restructure $3.15 billion of debt payments that Venezuela owes Moscow. Russia's finance ministry is spreading the payments out over the next 10 years with "minimal" payments in the first six. It's unclear if that's the total amount Venezuela owes Russia. One analysis published by Harvard Law Roundtable from September put the total sum at over $9 billion, but government officials haven't clarified what...
  • As Venezuela Collapses, Children are Dying of Hunger

    12/18/2017 1:53:51 PM PST · by Brilliant · 62 replies
    The New York Slimes ^ | Dec. 17, 2017 | MERIDITH KOHUT and ISAYEN HERRERA
    Venezuela — Kenyerber Aquino Merchán was 17 months old when he starved to death. His father left before dawn to bring him home from the hospital morgue. He carried Kenyerber’s skeletal frame into the kitchen and handed it to a mortuary worker who makes house calls for Venezuelan families with no money for funerals. Kenyerber’s spine and rib cage protruded as the embalming chemicals were injected. Aunts shooed away curious young cousins, mourners arrived with wildflowers from the hills, and relatives cut out a pair of cardboard wings from one of the empty white ration boxes that families increasingly depend...
  • Venezuelan government tells doctors and hospitals not to list starvation as cause of death

    12/18/2017 9:27:11 AM PST · by grundle · 29 replies
    wordpress ^ | December 18, 2017 | Dan from Squirrel Hill
    Venezuelan government tells doctors and hospitals not to list starvation as cause of death for babies and children who starve to death For a detailed explanation of how Venezuela went from being a rich well fed country, to a poor country with severe shortages of food, please see this previous blog post that I wrote, which is called “Here’s how most Venezuelans lost an average of 19 pounds in 2016, and how to make sure it doesn’t happen again in 2017.”Now the the latest news.The New York Times just published this article about the situation in Venezuela.According to the article, even...