inflation

Border tensions highlight Venezuelans’ economic distress

Maduro is hoping that his new measures, including raising minimum wages by 3,000 per cent, will curb the economic downward spiral [PPIO]
Calm returned to the streets of the Brazilian border town of Pacaraima Monday after President Michel Temer ordered the military and security forces to the area.
On Saturday, Pacaraima residents clashed with Venezuelans who had streamed across the border, particularly through the border town of Santa Elena de Uairen.

Porkins Policy Radio episode 155 Maduro assassination attempt and economic warfare on Venezuela with Paul Dobson

This week my guest is journalist Paul Dobson of Venezuelanalysis. We had a wide ranging discussion on Venezuela, its current political and economic situation, and western media distortions. First, we covered the recent terrorist attack on President Maduro’s life on August 4th. We touched on the right-wing media operations out of Miami, which supported this terrorist act, as well as the role of ultra right-wing activists in Venezuela and Colombia.

Economist Peter Koenig on Venezuela’s Push Towards a “Resistance Economy”

The Government of Venezuela called an international Presidential Economic Advisory Commission, 14-16 June, 2018 – to debate the current foreign injected economic disturbances and seeking solutions to overcome them. I was privileged and honored to be part of this commission. Venezuela is literally being strangled by economic sanctions, by infiltrated elements of unrest, foreign-trained opposition leaders, trained to disrupt the distribution of food, pharmaceutical, and medical equipment.

Pleasing Investors at the Expense of the People, Argentina Sells out to the IMF

BUENOS AIRES, ARGENTINA — Days before Christmas of 2001, a 54-year-old Argentine woman named Norma Cecilia Albino shoved her way past the throngs of demonstrators protesting the government’s new banking restrictions, walked into a bank branch in a northern Buenos Aires neighborhood, strolled to the counter, and asked to withdraw a few pesos from her account.

It’s Not the Dow, Stupid! Underpaid Workforce Imperils US and Global Economies

NEW YORK — “It’s Not a Roar,” read the first-edition headline for the New York Times business article published January 27, “but the Global Economy is Finally Making Noise.”
A death rattle, perhaps?
Try as they may, the mainstream media simply cannot prepare for public viewing the gaping wound to the head that murdered the U.S. economy. Never mind the Dow, the Fed Funds rate, or Apple’s latest earnings report, the cause of death is really quite simple: work is underpaid.

Storm clouds gather over Ukraine

In a recent article for The Duran I wrote of how the economic situation in Ukraine appeared once more to be deteriorating, with economic statistics apparently being distorted to conceal the extent of the rise in inflation, making the claimed figure of 2% GDP growth in 2017 unlikely.
In a further sign of a deteriorating economic situation, recent reports from Ukraine speak of rolling electric power blackouts in some regions, suggesting growing energy shortages as the price of oil hikes.