How Venezuela was destroyed from within

posted in: News, World News

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

Despite COVID-19, new wave of Venezuelan migrants heads to Colombia

posted in: News, World News

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

The endless story of Venezuela’s lonely, heartbreaking decline

posted in: News, World News

“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

Destroyer Pinckney challenges Venezuela’s maritime territorial claims

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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

Venezuela’s gasoline goes from world’s cheapest to steepest

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

Venezuela crisis: President Maduro says he had secret talks with US

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| 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 hyperinflation hits 10 million percent. ‘Shock therapy’ may be only chance to undo the economic damage

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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

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