Venezuelans remain restless as political chaos affects their country and groups have been divided into supporters of President Nicolás Maduro and the opposition. La Universidad Central de Venezuela (UCV) has become a microcosm for the nation’s situation as student groups confront one another within the university's walls.
Over the last few weeks the phony trial against Venezuelan Opposition Leader Leopoldo López has been taking place. A judged ordered that López be remanded to custody–in solitary confinement, and at a military prison even though he is a civilian–for the remainder of the trial against him on charges of inciting criminal activities and arson during the opposition protests of February twelve, two thousand and fourteen.
Los precios suben rápidamente mientras el poder adquisitivo cae. La inflación de agosto fue de 3.9%, mientras que la de julio fue 4.1%, principalmente debido al alza en los precios de alimentos y bebidas.1 En los últimos doce meses, los precios han subido 63.4%, de acuerdo a cifras entregadas por el propio banco central de Venezuela. Esta alza representa el porcentaje más alto de América Latina y posiblemente del mundo.6 Tras las cifras se esconde una dura realidad que los venezolanos viven en el día a día.
The 17th summit of the Non-Aligned Movement (NAM) this September resulted in another humiliation for crisis-stricken Venezuela’s President Nicolás Maduro when only about 10 heads of state showed up.1 The NAM, an anti-imperialist bloc of 120 nations whose last summit in Iran in 2012 drew 35 heads of state, first convened in 1961 with the goal of combating Western domination.2 Maduro’s opposition called the embarrassingly low attendance a “devastating failure” for Maduro.3 This is just one of a slew of recent difficulties
The Barbie Doll, possibly the most commonly criticized, iconic American toy is currently being kept at a historically and artificially low price by the anti-capitalist government in Venezuela, just in time for holiday shopping. What cost mothers and grandmothers up to three weeks minimum wage pay last Christmas (3500 bolivars) is now only about 250 bolivars or USD $3 using the bolivar-to-dollar black market conversion rate.
Oil prices are rapidly falling, thus Venezuelan President Nicolas Maduro decided to make an important trip this past Monday. He announced in a public address on Sunday evening, “I leave on a very important trip to deal with new projects… and the decline in revenues that are the product of the sharp decline in oil prices.”1 First stop, Russia.
For Venezuela, a country whose economy desperately depends on its oil industry, the fall in the price of oil continues to wreak economic havoc. Oil exports constitute 96% of the country’s export earnings, and according to the Venezuelan Ministry of Petroleum and Mining, the end of 2014 saw Venezuelan crude oil prices fall to USD 47.05 per barrel compared to USD 95 in September 2014.