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…
It is safe to say that there is an opioid addiction crisis in the United States. Back in 2012, there were 259 million prescriptions written for painkillers during 2012, representing a 400% increase in prescription opiate use in only 10 years. In Venezuela, however, the opioid crisis is at a…
Crime is no stranger to Venezuela. In a country that has held steady at having one of the highest crime rates in the world, violence in Venezuela is part of everyday life. But one detail behind the rampant crime is quite different than the years before. Now, Venezuelans are resorting…
Venezuelan president Nicolas Maduro has decided to get rid of the country’s most used currency bill. But since there have been widespread riots and general unrest throughout the country, Maduro has now postponed the move until January. In a national television and radio broadcast, Maduro explained to the country that…