Venezuela’s 2018 Inflation to Hit 1.37 Million Percent, IMF Says
Venezuela’s annual inflation rate will surge to 1.37 million percent by the end of the year as the government fails to cover a widening budget shortfall by printing money, according to a report from the International Monetary Fund published Tuesday. That estimate from the latest IMF World Economic Outlook is up from the forecast of […]
Venezuelan exodus to Ecuador reaches record levels: UN refugee agency steps up aid
One of the largest population movements in Latin American history is under way from Venezuela, according to the UN Refugee Agency, UNHCR, which on Friday confirmed that it is increasing assistance to neighbouring Ecuador, where more and more Venezuelans are arriving each week. Amid ongoing social and political upheaval in the South American country, more […]
Human rights chief calls for international probe on Venezuela, following ‘shocking accounts of extrajudicial killings’
In Venezuela, “credible, shocking accounts of extrajudicial killings” and impunity for perpetrators, indicate that the rule of law “is virtually absent”, the UN High Commissioner for Human Rights (OHCHR) said on Friday, in a call for an international inquiry into the alleged violations. Zeid Ra’ad Al Hussein’s appeal to the UN Human Rights Council to […]
Venezuela: Inflation hits more than 40,000%, investors dump currency
Venezuela’s inflation rate has hit a new high, according to university research, with consumer prices in the crisis-ridden country rising by more than 40,000% annually for the first time on record. Steve H. Hanke, an applied economics professor at Johns Hopkins University, told Business Insider on Friday that annual inflation in the country has risen […]
‘Get your dirty hands out of Venezuela’ – President Nicolas Maduro to Donald Trump
The United States should “get out of Venezuela,” the country’s leader, Nicolas Maduro, said after Washington slapped Venezuelan top judiciary officials with sanctions to “support” the Venezuelan people. The new sanctions package, targeting the chief judge and seven other members of Venezuela’s Supreme Court, was imposed by the US Treasury to “advance democratic governance” in […]
‘Mother of All Marches’ Turns Violent in Venezuela
Clashes between protesters and security forces erupted in Venezuela during marches taking place Wednesday in at least 12 cities across the country. Hundreds of thousands of Venezuelans took to the streets to protest the government of President Nicolás Maduro as the country marked its 207th anniversary of the revolution that led to its independence from […]
Venezuelan police in riot gear fire buckshot and swing batons to break up rallies a day after court gutted Congress
Security forces violently repressed protests that broke out in Venezuela’s capital on Friday after the Supreme Court gutted the opposition-controlled Congress of its last vestiges of power. The move on Thursday drew widespread condemnation from foreign countries and even triggered a sharp rebuke from the nation’s normally pro-government chief prosecutor. Governments across Latin America condemned […]
A child’s scraped knee a life or death matter in Venezuela
It was just a scraped knee. So 3-year-old Ashley Pacheco’s parents did what parents do: They gave her a hug, cleaned the wound twice with rubbing alcohol and thought no more of it. Two weeks later, the little girl writhed screaming in a hospital bed. Her breathing came in ragged gasps as she begged passing […]
Ex-Guantanamo detainee living in Uruguay denied entry to South Africa
A former Guantanamo prisoner who was resettled in Uruguay but has asked to leave was denied entry to South Africa by that country’s migration authorities, a Uruguayan official said. Jihad Diyab, a Syrian national who had planned to travel to South Africa as a tourist, will return to Uruguay, said assistant secretary to the president […]
Venezuela’s Unofficial Inflation Rate Is 808%
What with Bernie Sanders wanting to bring in democratic socialism for the US and Jeremy Corbyn offering is a rather harder socialism in the UK it’s worth having a look at the performance of Venezuela. Somewhere the usual right on leftists were praising as instituting real and relevant socialism not all that long ago. Owen […]
