Issued at 0900 UTC THU SEP 12 2024
Category: Science
Tropical Depression Seven Forecast Advisory
Issued at 0900 UTC THU SEP 12 2024
Tropical Storm Francine Forecast Advisory
Issued at 0900 UTC THU SEP 12 2024
Venezuela’s Plight By The Numbers…
Venezuela’s Plight By The Numbers…
Tensions remain high in Venezuela following a disputed presidential election on July 28.
According to Human Rights Watch, at least 24 people have been killed, including protesters and bystanders, as well as a member of the Bolivarian National Guard. The post-election turmoil hits hard in a country already suffering from a weak economy.
In recent years, Venezuela has faced runaway inflation, political upheavals and falling oil prices, creating an extremely difficult environment for businesses and workers. The Venezuelan economy has suffered a prolonged collapse, with triple-digit inflation and massive migration in search of better prospects.
“Venezuela has experienced a recession unprecedented for a Latin American country or globally for a country without war. The economic contraction between 2014 and 2021 exceeded 70 percent and reached its lowest point,” says Asdrúbal Oliveros, director of the consulting firm Ecoanalítica, in an interview with CNN.
The country has emerged from the hyperinflation period it experienced between 2018 and the end of 2019; however, as Statistas Anna Fleck shows in the chart below, it is still premature to consider it restored from the losses accumulated in the last decade.
You will find more infographics at Statista
Gross Domestic Product (GDP) at current prices is slowly recovering, with an estimated value of US$102.3 billion in 2024, but remains a fraction of pre-crisis levels.
The national public debt has risen to US$4.2 trillion in 2023, further exacerbating the economic situation. Although the unemployment rate is relatively low at 5.5 percent, this figure does not fully reflect the underemployment and informal work faced by many Venezuelans.
While Venezuelan inflation is no longer the highest in Latin America, with Argentina exceeding 200 percent, it remained above 50 percent in June 2024. This economic instability continues to affect Venezuelans’ standard of living. The minimum wage has remained frozen at 130 bolivars since March 2022, but its value has been devalued to approximately $3.50. However, in May 2024, President Nicolás Maduro announced an increase in state bonuses for the public sector, which include the minimum wage, a $40 food bonus and an “Economic War Bonus” that will increase from $60 to $90.
The deterioration of finances in recent years is evident too in everyday life, with over 80 percent of the population living in poverty and 53 percent facing extreme poverty.
Tyler Durden
Thu, 09/12/2024 – 04:15
“Paper or Plastic?” How One Market Intervention Requires Another to “Correct” the Original One
California’s 2014 ban on “single-use” plastic bags was supposed to lead to less waste of plastic, which hasn’t happened. Now environmentalists are demanding the state ban the same plastic bags mandated by the original legislation. One intervention begets another and another.
White House’s John Kirby Trashes Veterans on 9/11 in Email Accidentally Sent to Fox News
White House national security spokesman John Kirby trashed a group of veterans in an email sent in error to Fox News on the anniversary of the September 11, 2001 terror attacks.
The post White House’s John Kirby Trashes Veterans on 9/11 in Email Accidentally Sent to Fox News appeared first on Breitbart.
Tropical Storm Francine Forecast Advisory
Issued at 0300 UTC THU SEP 12 2024
Carney on ‘Kudlow’: Harris Claim of a Manufacturing Boom Is Absolutely Untrue
On Wednesday’s broadcast of the Fox Business Network’s “Kudlow,” Breitbart News economics editor John Carney said that 2024 Democratic presidential candidate Vice President Kamala Harris is wrong when she says there’s been a manufacturing boom while she’s been in office and
The post Carney on ‘Kudlow’: Harris Claim of a Manufacturing Boom Is Absolutely Untrue appeared first on Breitbart.
Tropical Depression Seven Forecast Discussion
Issued at 1100 PM AST Wed Sep 11 2024
Tropical Depression Seven Public Advisory
…TROPICAL DEPRESSION EXPECTED TO BECOME A TROPICAL STORM SOON…
As of 11:00 PM AST Wed Sep 11
the center of Seven was located near 16.5, -31.3
with movement WNW at 17 mph.
The minimum central pressure was 1007 mb
with maximum sustained winds of about 35 mph.