Venezuela Loses Access To Food and Aid

Venezuela Loses Access To Food and Aid

Venezuela’s devastating economic crisis has considerably affected people’s access to food. US sanctions, which have compounded the crisis and blocked any solutions, have also specifically attacked Venezuelans’ right to food, raising hurdles for food imports and targeting the CLAP subsidized food program. In this article, food sovereignty activist Christina Schiavoni looks at several grassroots initiatives […]

US Embargo’s Venezuela

US Embargo’s Venezuela

FLASH: The ban on Americans doing business with Venezuela’s government took effect immediately. The Trump Administration has frozen all Venezuelan government assets in a dramatic escalation of tensions with socialist leader Nicolás Maduro, who has clung to power in the face of mounting international pressure. An executive order signed by President Donald Trump Monday justified […]

Venezuelans Take to the Streets, Power Struggle Grows

Venezuelans Take to the Streets, Power Struggle Grows

Saturday, rival political factions took to the streets across Venezuela in the mounting struggle for control of the crisis-wracked nation, where US backed opposition leader Juan Guaidó, 35 anni, is attempting to oust socialist President Nicólas Maduro. It was the 1st march Mr. Guaidó has led since Maduro loyalists stripped him of legal protections he’s […]

Crude Oil Marks Biggest Quarterly Rise Since 2009

Crude Oil Marks Biggest Quarterly Rise Since 2009

$USO, $OIL FLASH: Crude Oil prices rose about 1% Friday, posting their biggest Quarterly rise in 10 years, as US sanctions against Iran and Venezuela as well as OPEC-led supply cuts overshadowed concerns over a slowing global economy. The May ICE Brent Crude Oil futures contract, which expired Friday, gained 57c, or 0.8%, to settle […]

President Trump’s Team Split Over Iran Oil Waivers Ahead Of Next Deadline

President Trump’s Team Split Over Iran Oil Waivers Ahead Of Next Deadline

$USO, $OIL FLASH: This dust-up could get very ‘ugly’ US President Trump’s national security team is deeply divided over whether to let a small group of countries keep buying Iranian Crude Oil after a US deadline on sanctions waivers expires in May. . The division is primarily between John Bolton’s National Security Council and Michael […]

‘Tyrant’ Maduro’s Days in Venezuela ‘Are Numbered’

‘Tyrant’ Maduro’s Days in Venezuela ‘Are Numbered’

FLASH: Interim President Juan Guaido refrained from asking supporters to continue risking their lives trying to break through the government’s barricades at the Colombian and Brazilian borders. He will meet US VP Mike Pence Monday in Bogota at an emergency meeting of mostly conservative Latin American governments to discuss Venezuela’s crisis.  President Guaido says he […]

Venezuela Shows What Socialism Does

Venezuela Shows What Socialism Does

Venezuela’s National Assembly, an opposition-controlled legislative body, said annual inflation has reached 1,300,000 percent in November as the country struggles through its worst economic crisis ever. At the same time, the rate of monthly inflation has gradually decelerated during three months through November. According to the report by the National Assembly, the figure declined to […]

Drone Attack Attempt to Kill Venezuela’s President

Drone Attack Attempt to Kill Venezuela’s President

Drone Attack Attempt to Kill Venezuela’s President Saturday, Venezuela’s socialist President Nicolas Maduro dodged assassination attempt when drones armed with explosives detonated while he was delivering a speech to hundreds of soldiers being broadcast live on TV. Caught by surprise mid-speech, President Maduro and his wife, Cilia Flores, looked up at the sky and winced  after […]

Venezuela, The Poster Child of Modern Socialism

Venezuela, The Poster Child of Modern Socialism

Venezuela, The Poster Child of Modern Socialism Venezuela is in a state of “economic collapse” with hyperinflation not see since the middle of the last century, the International Monetary Fund said Monday. Despite higher oil prices that are benefitting most exporting nations, the IMF sees a worsening contraction of the economy, which in April already […]

A Lesson in Socialism: Venezuela

A Lesson in Socialism: Venezuela

How did Venezuela, once Latin America’s richest country, sink into ruin? As the country faces a presidential election Sunday, here are four key elements in the unravelling of its economy. – Oil boom brings dollars- The country with the largest oil reserves on the planet enjoyed more than a decade of abundance between 2004 and […]