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In an effort to address soaring inflation rates, the Venezuelan government announced last week that it will begin issuing currency in higher denomination units on December 15. The new measure comes after the bolivar’s steepest decline yet last month, falling 67% between the end of October and November. One U.S.…
In the U.S., paper makes up about 35% of all landfill waste. However, Venezuela’s paper problem has gotten totally out of control as inflation continues to skyrocket. In fact, in Venezuela, going to an ATM and taking out the equivalent of just five U.S. dollars produces a fistful of 100…
The average debt of a U.S. household is $15,355, and is primarily the result of overusing credit cards. However, Venezuelans may soon accrue even more debt than that average simply because of how much their groceries cost. Just a few months ago, Venezuela suffered a severe food shortage after the…
According to a report released by the Institute for Women’s Policy Research (IWPR), the gender pay gap between Hispanic women and white men in the U.S. is larger than that of any other demographic. Researchers estimated that it would take 232 years for Hispanic women to catch up and close…
Human Rights Watch, a U.S.-founded international research and advocacy group, has released a new report quantifying the extent of continued food and medicine shortages in Venezuela. Entitled “Venezuela’s Humanitarian Crisis: Severe Medical and Food Shortages, Inadequate and Repressive Government Response,” the 78-page report calls for President Nicolas Maduro’s government to…
In some richer countries like the U.S., people can afford luxuries, such as swimming pools and air conditioning. In fact, there are 10.4 million residential and 309,000 public swimming pools across the entire country. But these luxuries aren’t everywhere in the world. In Venezuela, for example, the economic crisis has…
In the U.S., something as simple as vehicle neglect can cost the economy upwards of $2 billion every year. However, the economic crisis in Venezuela has cost the citizens of the country much more than just money. In the midst of an ongoing economic crisis in Venezuela, citizens have lost…
Over 100 billion online searches are conducted across the globe each month, but one video was the topic of a great number of searches in Venezuela in mid-September. The 60-second film shows a girl with a cell phone. She’s texting her father to say that her mother is sick and…