Among the surest signs of a society in deep crisis are persistent blackouts, the inability of a government to supply its citizens with power adequately and consistently. Outages signify neglect of critical infrastructure, warped energy markets, and regulatory corruption. But … Read More
A man looks at the prices of milk at a supermarket in Caracas, Venezuela, Friday, June 4, 2021. Two years ago Venezuela stopped restricting transactions in dollars, which has largely ended shortages but has meant many Venezuelans, who are paid … Read More
SAN CRISTOBAL, Venezuela (Reuters) – Yaidis Colmenares’ tired and gaunt face leaves little need for explanation as to why the desperate Venezuelan mother of three is fleeing her native country for Colombia. The 37-year-old weighs 19 kilos (42 pounds) less … Read More
“Every junkie story is too long.” That was the opening line of an essay on heroin addiction I read as a teenager, and it has always stayed with me. For addicts, the relapse cycle too often repeats again and again, … Read More
The guided-missile destroyer Pinckney transits the Pacific Ocean on April 26. (Navy) For the second time in three weeks, U.S. Southern Command has sent a Navy warship through waters off the coast of Venezuela, the combatant command said Wednesday. The guided-missile destroyer Pinckney steamed … Read More
PUERTO ORDAZ/MARACAIBO, Venezuela (Reuters) – Venezuelans reported paying above $2 per liter ($7.57 per gallon) for gasoline last week amid fuel shortages, one of the world’s highest rates and a dramatic reversal for an OPEC nation that long boasted of … Read More
Dire economic conditions in Venezuela cause worst refugee crisis in Latin America’s history: Brookings Institute. Millions of Venezuelans have left their country since 2013 as its economy crashed, with schools and hospitals unable to provide basic services. They fled to … Read More
Venezuelan inflation has exceeded 5500%. The data were released Monday by the parliament’s finance committee, TASS reported. Thus, the inflation in November reached up to 35.8%, committee member Angel Alvarado tweeted. Venezuela faces a socio-economic crisis, accompanied by hyperinflation, the devaluation … Read More
| The Venezuelan leader has confirmed that he is in talks with the Trump administration. -AFP Venezuela’s embattled President Nicolás Maduro said he had been in talks with the Trump administration for months, even as the US ramped up its … Read More
Venezuela’s state-run economic model wasted the world’s largest oil reserves. The country owes $100 billion to foreign creditors. Its educated, professional class has fled. Economic shock therapy, implemented in regions like the former Soviet bloc, could be its only chance. … Read More