China Throws Venezuela’s Oil Industry A $5B Lifeline
By Irina Slav - Jul 04, 2018, 9:30 AM CDT
China’s Development Bank has approved a US$5-billion loan for Venezuela’s oil industry, Bloomberg reports, quoting the troubled South American country’s Finance Minister Simon Zerpa.
China Throws...
TLDR
Growing numbers are fleeing economic meltdown and political turmoil in Venezuela, where people scrounge for food and other necessities of daily life
Officials from Colombia, Ecuador and Peru will meet in Bogota next week to seek a way forward
Peru this month tightened entry rules for...
:mjcry::sadcam: prayers and thoughts go to my diaspora brehs and sistas.
Hey Massive and Friends: check on your friends and loved ones around the islands. A truly massive earthquake just rocked the islands. Prayers to all of our coli posters affected by this. Keep us posted!!!!
How the Iran sanctions drama intersects with OPEC-plus
Major states buying oil from Iran are unlikely to heed the US call to drop imports; key allies want a waiver to avoid sanctions; OPEC, meanwhile, will have trouble boosting output in the short-term; the puzzle is not solved, but there are...
http://www.atimes.com/article/oil-and-gas-geopolitics-no-shelter-from-the-storm/
There could be widespread ramifications from US energy independence and looming US sanctions on Iran and Russia; states in Central Asia could be hit hard, as well as serious possible impacts on global oil production...
HONG KONG/BEIJING (Reuters) - China is taking its first steps towards paying for imported crude oil in yuan instead of the U.S. dollar, three people with knowledge of the matter told Reuters, a key development in Beijing’s efforts to establish its currency internationally.
Shifting just part of...
Alright, I'm still learning a lot about Hugo Chavez. His death was kinda suspicious to me. I don't think he naturally got cancer. Anyway:jawalrus: I have heard mixed reviews of Chavez. We all know the drugs cartels were big in Venezuela. However, what do you think of him? Some people said...
Is Venezuela the cheapest country in the world to buy sex?
"There are numerous “estudios” around Venezuela, especially in the capital city Caracas. This online directory lists many of them and gives information such as hours, addresses and prices. Browsing around you see that a 30 minute...
President Obama Weighs
His Economic Legacy
Eight years after the financial crisis, unemployment
is at 5 percent, deficits are down and G.D.P.
is growing. Why do so many voters feel
left behind? The president has a theory.
By ANDREW ROSS SORKINAPRIL 28, 2016
Two months ago, across an...
This Is The End: Venezuela Runs Out Of Money To Print New Money | Zero Hedge
This Is The End: Venezuela Runs Out Of Money To Print New Money
Back in February, when we commented on the unprecedented hyperinflation about the be unleashed in the Latin American country whose president just...
Venezuela imposes two-day week for public sector over energy crisis
Video by FRANCE 24
Text by NEWS WIRES
Latest update : 2016-04-27
Venezuela's government has announced enforced leave for public sector employees three workdays a week, in a bid to tackle an electricity shortage that is...
Yellow Water, Dirty Air, Power Outages: Venezuela Hits a New Low
The tap in her apartment yields water only every two weeks. It comes out yellow. Her 8-month-old granddaughter is ill. And as Yajaira Espinoza, a 55-year-old hairdresser, made her way down the halls of Caracas university hospital...
Andrew Rosati andrewrosati
Jose Orozco
April 14, 2016 — 6:47 PM EDTUpdated on April 15, 2016 — 1:39 PM EDT
The Catia slum in Caracas.
Photographer: Meridith Kohut/Bloomberg
Drought cuts Guri hydroelectric dam water-level to record low
Order reverses shift instituted in 2007 by Hugo...
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