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Venezuelan Oil Imports Crash Amid Payment, Shipping Troubles

Container shipping carriers have complained of poor conditions at Venezuelan ports including pilot boats unable to move due to f
Venezuela is now failing to cover collapsing oil production with foreign imports, according to dire reports Friday.

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Venezuelans Boycott Black Market Amid Surging Banana Prices

Food prices on the black market have soared in recent months (CdO)

Venezuelan consumers took to social media Friday vowing to boycott black market vendors, after months of rising food prices.

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Venezuelan Corporation Internationally Accuses Government of “Harassment”

Empresas Polar President Lorenzo Mendoza. (El Heraldo/Fernando Llano)

In an ongoing dispute with the Maduro administration, Venezuela’s largest food and beverage producer has accused the Bolivarian government of “harassment and discrimination” due to the Venezuelan president’s public protest against the conglomerate’s role in the country's economic war.

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Maduro Announces 2016's Third Minimum Wage Increase

Nicolás Maduro made the wage increase announcement to the Venezuelan people on live television and radio Friday.  (Reuters)

President Nicolás Maduro has announced a 50 percent wage increase set to take effect in September.

 

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Critiquing Chavismo's Shortcomings: An Interview with Miguel Rodriguez Torres

Miguel Rodriguez Torres. (Archive)

The former interior minister and close Chávez confidant analyzes the trajectory of the Bolivarian Revolution, critiquing its errors and proposing solutions to the present crisis. 

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Default: A Self-Defense Measure

(Archive)

Defaulting on Venezuela’s massive foreign debt and devoting the resources to social spending is the only solution to the South American country’s economic crisis, argues Marea Socialista researcher Carlos Carcione.

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What Happens if Venezuela Doesn't Pay its Foreign Debt?

(Archive)

Venezuelan economist Victor Alvarez explores the roots of the country’s critical financial situation and the consequences of placing a moratorium on its external debt. 

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Venezuelan Tourism Industry to Charge in Dollars

Playa el Agua beach on the tourist hotspot of Margarita Island, Venezuela (Mintur)

Foreign travellers visiting the South American country will be charged in US dollars for tourism services, including in travel agencies and accommodation in 4 star and state approved hotels. They will also be able to buy national currency directly from tourism providers.

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Venezuela's Maduro Commits Funds to Seized Factory

President Nicolas Maduro tours the installations of the Kimberly Clark and committed millions to help the factory produce import
The factory, now controlled by the workers, can provide 20 percent of the national demand for hard-to-find personal hygiene products.
 
 

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Chavismo Must Stop the Economic Bleeding

(Aporrea)

Emersberger argues that UNASUR’s detailed plan is the answer to Venezuela's economic woes.

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