Category: Economy

Venezuela’s socialist leaders seize bakeries in ‘bread war’

In this March 17, 2017 photo, an employee of the Minka state-run bakery carries bags of bread to be distributed to state-run grocery stores in Caracas, Venezuela. Agents from the National Superintendent of Fair Prices raided Mansion’s Bakery last week and accused the owners of hoarding scarce sacks of government-imported flour, saying the subsidized goods should have been used to make price-regulated loaves but instead was turned into more expensive croissants and sweet rolls. (AP Photo/Fernando Llano)

Continue reading

Egypt ‘suffering worst economic crisis since 1930s’


Egyptian workers harvest wheat in Banha, north of Cairo. For most Egyptians, rising food prices are the most critical problem. Photograph: Khaled Elfiqi/EPA

Former finance minister and economist say Egypt is in dire predicament as foreign investment and tourism collapse

Continue reading

DIVIDED AMERICA: To some, Trump is a desperate survival bid

Billy Prater, 27, adjusts a Donald Trump sign on his fence in Beech Creek, W.Va., in Mingo County on April 28, 2016. Laid off from the mines, he had been out of work for more than a year. Now he works for the railroad, but the major customer is the collapsing coal industry so his work is unsteady. He was a registered Democrat from a family of diehard Democrats. But when he hung the Trump sign, his neighbors started calling and sending him messages, asking where he got it and how to get their own. “Everybody on this creek wants one,” he said. “He’s honest. He says thing that he probably shouldn’t say. We respect that, because it means he’s not buttering us up.” (AP Photo/Claire Galofaro)

Continue reading