Saturday, March 9, 2013

Sean Penn, Jesse Jackson console each other at Hugo Chavez’s funeral

Sean Penn, Jesse Jackson console each other at Hugo Chavez’s funeral          
After a decade of record oil revenues totalling around a trillion dollars, an unprecedented bounty, Venezuela is falling apart: roads crumbling, bridges falling, refineries exploding. A wheezing power grid produces regular blackouts. Public hospitals are dank, prisons filthy and barbaric. Murder and kidnapping rates have soared, imposing a de facto curfew in many cities. The currency was recently devalued for the fifth time in a decade. Many young professionals have emigrated.
The economy is warping from subsidies and controls. You can fill a car's petrol tank for around 50 cents but battle for months to start a company. High-rolling parasites nicknamed "boligarchs" exploit government links to siphon off billions http://www.guardian.co.UK/world/2013/mar/05/Hugo-chavez-poor-leftwing-figurehead
 

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