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In case people have forgotten why it all but died in the first place, the argument for socialism just took another hit. According to The Wall Street Journal, the Venezuelan government announced on Thursday that they will be turning off the electricity in many homes across the country in an effort…
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Ask anyone how much their new iPhone 6 cost, and the answer is likely to be “too much.” But there’s no better way to put it in perspective than to take a look at how much this smartphone currently costs in Venezuela: a whopping 300,000 bolivars, roughly equal to $47,678…
Skyrocketing inflation and continued sanctions have put Venezuela’s economy in shambles.According to the Washington Post, the South American nation has one of the highest inflation rates in the world, at a staggering 63%.Yet amid these sluggish, bearish conditions, there is a glimmer of economic growth in Venezuela — its used car…
A California-woman pleaded guilty late last year for her role in a Costa Rican sweepstakes fraud that targeted U.S. residents.From about 2007 to February 2013, con artists in on the scam would call U.S. residents — many of whom were senior citizens — from Costa Rican call centers, telling them…
Considered a rising star in the world of baseball and one of the Seattle Mariners’ highest-ranked pitching prospects, Victor Sanchez is reportedly clinging to life after being struck by a boat while swimming on Friday. Sanchez, 20, was struck by a watercraft while swimming at a beach in his home…
It has now been a year since student protests first filled the streets of Venezuela’s main cities and met a brutal police response. But people both inside and outside Venezuela are still struggling to make sense of the conflict. The final toll of the four months of protests that began…
Amidst food shortages and massive lines at grocery stores, the chief executive of Dia Dia, a supermarket chain recently taken over by the Venezuelan government, has rejected the government’s claims that the company was hoarding foodstuffs in an attempt to destabilize the economy, asserting that the supermarkets’ warehouses had just…