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Bloomberg (January 2)

2015/ 01/ 03 by jd in Global News

“Venezuela had a banner year in 2014: the world’s highest misery index (inflation plus unemployment), a fresh recession, and a currency whose black-market value plunged faster than even the Russian ruble…. Unfortunately, President Nicolas Maduro doesn’t seem to have any good ideas — any ideas at all, really — for improving things.”

 

Wall Street Journal (February 16, 2014)

2014/ 02/ 16 by jd in Global News

“It’s getting ugly in Venezuela.” The economy is crumbling with inflation north of 56% and wide-spread shortages, which have caused some factories to close. Amid growing protests, Venezuelan President Nicolas Maduro is consolidating power using deaths at recent protests “to justify a government crackdown on growing civic unrest directed at his leadership and a deteriorating economy.” A natural “strongman,” President Maduro is now following “the Cuban model.”

 

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