|screen capture from washingtonpost.com|
LISTEN NOW! Venezuela has recently made the national decision to order a five-day weekend. Some would be celebrated with the repeated extended weekends. But, for those in Venezuela, it is anything but. The two-day work week has been implemented because it is too expensive to pay for anything more. Businesses can’t afford the costs of running a business for five days straight. Currently, the economy is experiencing a devastating freefall. Stores are being broken into and food is being stolen. According to the Washington Post, Venezuela “is well past the point of worrying that its economy might collapse. It already has. That’s the only way to describe an economy that the International Monetary Fund thinks is going to shrink 8 percent and have 720 percent inflation this year.” What may be a shock to some is that Venezuela is an oil rich nation, with supplies greater than America and Saudi Arabia. Anna Perez is trying to make the best she can, providing for her children, “if we have lunch, we don’t have dinner. If we have dinner, we don’t have lunch.” See the full report of what is taking place within Venezuela, how locals are responding, and so much more. Also shared in this segment: food robbery, hyperinflation, economy, Greece and finances. John and Steve shared in this segment.
Venezuela should be rich. Instead it’s becoming a failed state
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