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 […]