Venezuela’s military has taken control of five ports in an effort to guarantee supplies of food and medicine.
In a decree, President Nicolas Maduro has ordered the army to monitor food processing plants, and co-ordinate the production and distribution of items.
Venezuela is going through a deep economic crisis despite having the world’s largest oil reserves.
Basic products are increasingly hard to find and many say they struggle to feed their families. Continue reading
One long night every year in a mountainous rain forest in Venezuela, hundreds gather to dance on red-hot embers, enter trance-like states and worship an ancient goddess known as Maria Lionza.
Those who travel to the mountain known as Sorte in central Venezuela are practitioners of a cult that is built on local indigenous traditions. Followers say its rituals heal pain and can even cure disease. Continue reading
The fallout from the Brexit vote continues to rock the European financial system. On Wednesday, the British pound dropped to a fresh 31-year low as confidence in the currency continues to plummet. At one point it had fallen as low as $1.2796 before rebounding a bit. As I write this, it is still sitting at just $1.293. Meanwhile, the problems for the biggest banks in Europe just continue to mount. At one point on Wednesday Credit Suisse hit an all-time record low, and German banking giant Deutsche Bank closed the day at an all-time record closing low of 12.93. Overall, Europe’s Stoxx 600 Bank Index closed at the lowest level in almost five years. What we are watching is a full-blown financial meltdown in Europe, but because it is not personally affecting them yet, most Americans are not paying any attention to it. Continue reading
(NaturalNews) The longer the Left-wing government of Venezuela remains in power, the more economic destruction and social chaos there will be, but no one seems capable of convincing the socialist government of President Nicolas Maduro of those two realities. And so, like all authoritarians before him, he and his minions continue to double down on policies that have wreaked havoc in the once-wealthy and aspiring South American nation.
But, then again, much of what the Maduro administration is doing now is by design – aimed at keeping his people needy and, thus, more compliant. How’s that for “compassion?” Continue reading
The EU’s top leaders have said they expect the UK to act on its momentous vote to leave the union “as soon as possible, however painful that process may be” and that there will be “no renegotiation”.
The presidents of the European council, commission and parliament – Donald Tusk, Jean-Claude Juncker and Martin Schulz respectively – and Mark Rutte, the prime minister of the Netherlands which holds the EU’s rotating presidency, said any delay to Britain’s exit would “unnecessarily prolong uncertainty”. Continue reading…
Watch related video: Is the Brexit the beginning of the end for the EU?
DAVAO CITY, Philippines – “It’s all doable. It’s just a matter of doing it.”
This was President-elect Rodrigo Duterte response to a 10-point wishlist presented to him by businessmen on Tuesday, June 21.
“Sulong Pilipinas,” a two-day forum held in Davao City, gathered some 450 businessmen who came up with recommendations for the incoming Duterte administration on how to improve the country’s economy and business environment.
The recommendations include improving the country’s transportation network, reduction of corporate and personal income tax, a national ID system, and improving Internet connection all over the country. Continue reading…
Last month we showed just how severe the collapse in Venezuela had become, as starving Venezuelans took to looting supermarkets and other food dispensaries in search of whatever food could be found.
Despite having the world’s biggest oil reserves, Venezuelans are suffering from severe shortages of food and electricity, on top of inflation that makes it difficult to buy anything to begin with. Angry citizens have had enough, and again took to the streets yesterday to march on the presidential palace, Chanting “No more talk. We want food!“. Once protesters were within about a half dozen blocks of the palace, police in riot gear blocked the road and began firing tear gas. Continue reading…
As thousands prepare to make trips across the Channel for the bank holiday weekend, British motorists were advised to cancel trips to France today as fuel pumps ran dry and violent industrial action against employment reform spread across the country.
Up to half of the country’s 12,000-odd petrol stations are now empty, as riot police were sent in to try and lift blockades of fuel refineries.
By this afternoon, all but one of the blockades manned by union activists had been cleared away, a government spokesman said, adding that the situation is ‘improving everywhere, all over the country’.
It came as French Prime Minister Manuel Valls warned that ‘this country is dying from its inability to reform’. Continue Reading…
Unemployment and reduced public-sector health spending following the 2008 global economic crisis were associated with increased cancer mortality, according to a new study published in The Lancet. The study estimates that the recent economic crisis was associated with over 260000 additional cancer deaths in countries within the Organisation for Economic Development (OECD) by 2010, of which 160000 were in the European Union.
The study is the first global analysis to look at the effect of unemployment and changes in public-sector healthcare spending on cancer deaths, and suggests universal health care coverage may protect patients from the health consequences of rising unemployment and reduced public-sector healthcare spending. Continue reading…
Vatican City, May 14, 2016 / 06:04 am (CNA/EWTN News).- Economic worldviews based only on material well-being cannot contribute to dignified labor and new models of economic progress are needed, Pope Francis told a gathering of business experts on Friday.
“An economic vision geared to profit and material well-being alone is – as experience is daily showing us – incapable of contributing in a positive way to a globalization that favours the integral development of the world’s peoples, a just distribution of the earth’s resources, the guarantee of dignified labour and the encouragement of private initiative and local enterprise,” Pope Francis said May 13 to the members of the Centesimus Annus pro Pontifice Foundation. Source