Barter and dollars the new reality as Venezuela battles hyperinflation

As inflation soars, Venezuelans have been forced to find new ways to pay for essentials when the power supply allows Barter reads a simple sign on Angelica Monasterioss stall in Cupira, a town on the main road east from Caracas. Her niece painted the sign for her in early February, after spiralling inflation and vanishing reserves of hard cash made it hard to do business. We accept dollars and euros as well, she said with a grin, sitting beside rows of handmade yucca wafers, the towns speciality, balls of pure cacao farmed nearby and hand-carved toys. devastating blackout that struck last week has pushed it to the verge of collapse. Venezuela officially entered hyperinflation at the end of 2016, and …

US pulls all staff from Venezuela as Maduro blames blackout on ‘demonic’ Trump plot

In a televised nationwide address, leader says White House ordered this attack and calls on public to mount active resistance The United States has said it will withdraw all remaining diplomatic staff from Venezuela as Nicols Maduro accused Donald Trump of masterminding a demonic plot to force him from power by tweeted. Maduros political foes and many specialists believe the calamitous nationwide blackout that struck last Thursday and has yet to be resolved is the result of years of mismanagement, corruption and incompetence. We are in the middle of a catastrophe that is not the result of a hurricane, that is not the result of a tsunami, Juan Guaid, the opposition leader battling to topple Maduro, tweeted. Maduro who gave …

Why Brazil’s Jair Bolsonaro has environmentalists worried for the Amazon

(CNN)The Amazon rainforest is an ecological wonder. Its waterways and canopy provide a rich ecosystem for a 10th of all the world’s species and help regulate the temperature of the entire planet. But the election of far-right politician Jair Bolsonaro as Brazil’s new president has many worried about the forest’s future. Existing threats The forest is being cut down to make way for activities like cattle ranching, soy bean farming, mining, hydropower dams and new highways. Deforestation fell dramatically between 2004 and 2012, but in recent years it has been increasing, and the powerful agricultural lobby in the Brazilian congress is pushing for more development of the forest. It endorsed Bolsonaro during his election campaign. Indigenous lands Brazil’s Ministry of …