We usually think of bankruptcies in terms of a failed business or personal debt. For example, in the United States in 2014, 97% of total bankruptcies were personal bankruptcies and 3% were filed by businesses. However, people and corporations aren’t the only entities that can run out of money. Although…
Venezuela remains in crisis mode. Of all the foreign reserve cash it’s been using through the years to get out of debt and fund essential programs, Venezuela only has $10.5 billion left. According to CNN Money, Venezuela had roughly $20 billion in 2015, and although it’s difficult to determine exactly…
The socioeconomic crisis in Venezuela is getting to be so bad that neighboring Brazil is getting involved. After noticing a large amount of Venezuelans fleeing to their country in search of the most basic of necessities, the government of Brazil has decided to grant temporary residence to all Venezuelans who…
Girls in North America, primarily in the U.S. and Canada, tend to celebrate their coming of age with a Sweet 16 birthday party. Girls in Venezuela, on the other hand, are in such deep poverty they can’t even afford a cake for their birthday. We all know that for the…
A New York millionaire tried to flee to Venezuela after a fatal drunk driving accident in the United States. “He clearly intended to flee, there’s no question about it,” said Tom Spota, Suffolk District Attorney. “It was only because of the intervention at our request of the United States Marshals…