Far West
Pursuit Driver
Very sad for the Venezuelan people....
Maduro seizes Kellogg plant after it leaves Venezuela.
CARACAS (Reuters) - U.S.-based cereal maker Kellogg Co (K.N) on Tuesday pulled out of Venezuela due to the country’s deep economic crisis, and an angry President Nicolas Maduro said its units would be taken over and given to workers.
“I’ve decided to hand the company over to the workers so that they can continue producing for the people,” Maduro said at a campaign rally ahead of Sunday’s presidential election.
Other multinational companies that have given up on the OPEC country, abandoning assets or selling them cheap, include Clorox (CLX.N), Kimberly-Clark (KMB.N), General Mills (GIS.N), General Motors (GM.N) and Harvest Natural Resources.
https://www.reuters.com/article/us-...-leaves-venezuela-due-to-crisis-idUSKCN1IG2BS
Blackouts, hyperinflation, hunger: Maduro faces reelection as Venezuela deteriorates
Venezuela’s autocratic president, Nicolás Maduro, is widely expected to win another term in elections Sunday. But he soon could face a far bigger test — maintaining his grip on a country that is fast becoming a failed state.
Power and water grids and the transportation systems are breaking down. In just the first three months of the year, Venezuela suffered 7,778 blackouts.
Saddled with a soaring inflation rate that has put food out of reach, Venezuelans, weakened and thin, are getting extraordinarily sick. Doctors say cases of diseases once thought largely eradicated — malaria, diphtheria, measles and tuberculosis — are not only resurfacing but surging.
In a nation that lives off oil, production is collapsing as plants break down and the bankrupt government cannot fix equipment. Venezuela’s unpaid creditors are beginning to tighten the financial noose, moving to attach the country’s offshore assets.
As Venezuela has rocketed into hyperinflation, drugs and supplies — almost all of them imported — are increasingly unaffordable.
Malaria was once rare here. Now, the hospital is receiving almost 40 infected patients a day.
Lethargic measles patients filled a room marked “isolation.” There was a round hole in the door from a missing knob, allowing the air inside to easily filter into a hallway. The corridors echoed with the coughs of skeletal HIV patients, some of whom are suffering complications from tuberculosis.
There will be fewer and fewer doctors to treat them.
“A big part of our newly graduated medical students are leaving the country right away. I’d say 90 percent of them,” said Oscar Noya, a doctor who heads the hospital’s malaria department.
https://www.washingtonpost.com/worl...7bcc1327f4b_story.html?utm_term=.5aff9b0f7343
Maduro seizes Kellogg plant after it leaves Venezuela.
CARACAS (Reuters) - U.S.-based cereal maker Kellogg Co (K.N) on Tuesday pulled out of Venezuela due to the country’s deep economic crisis, and an angry President Nicolas Maduro said its units would be taken over and given to workers.
“I’ve decided to hand the company over to the workers so that they can continue producing for the people,” Maduro said at a campaign rally ahead of Sunday’s presidential election.
Other multinational companies that have given up on the OPEC country, abandoning assets or selling them cheap, include Clorox (CLX.N), Kimberly-Clark (KMB.N), General Mills (GIS.N), General Motors (GM.N) and Harvest Natural Resources.
https://www.reuters.com/article/us-...-leaves-venezuela-due-to-crisis-idUSKCN1IG2BS
Blackouts, hyperinflation, hunger: Maduro faces reelection as Venezuela deteriorates
Venezuela’s autocratic president, Nicolás Maduro, is widely expected to win another term in elections Sunday. But he soon could face a far bigger test — maintaining his grip on a country that is fast becoming a failed state.
Power and water grids and the transportation systems are breaking down. In just the first three months of the year, Venezuela suffered 7,778 blackouts.
Saddled with a soaring inflation rate that has put food out of reach, Venezuelans, weakened and thin, are getting extraordinarily sick. Doctors say cases of diseases once thought largely eradicated — malaria, diphtheria, measles and tuberculosis — are not only resurfacing but surging.
In a nation that lives off oil, production is collapsing as plants break down and the bankrupt government cannot fix equipment. Venezuela’s unpaid creditors are beginning to tighten the financial noose, moving to attach the country’s offshore assets.
As Venezuela has rocketed into hyperinflation, drugs and supplies — almost all of them imported — are increasingly unaffordable.
Malaria was once rare here. Now, the hospital is receiving almost 40 infected patients a day.
Lethargic measles patients filled a room marked “isolation.” There was a round hole in the door from a missing knob, allowing the air inside to easily filter into a hallway. The corridors echoed with the coughs of skeletal HIV patients, some of whom are suffering complications from tuberculosis.
There will be fewer and fewer doctors to treat them.
“A big part of our newly graduated medical students are leaving the country right away. I’d say 90 percent of them,” said Oscar Noya, a doctor who heads the hospital’s malaria department.
https://www.washingtonpost.com/worl...7bcc1327f4b_story.html?utm_term=.5aff9b0f7343
