
Tag Archives: economic crisis
Venezuelans ‘loot to eat’ amid economic tailspin

In this Jan. 23, 2018 photo, a youth moves quickly to collect grains of corn on the street that fell from a truck that was looted outside the port in Puerto Cabello, Venezuela. At the country’s biggest port, people swarmed a corn-carrying truck and began filling up sacks with the grain while the driver was held at gunpoint. (AP Photo/Fernando Llano)
Puerto Rico in default on massive debt
In shortages-hit Venezuela, lining up becomes a profession
Russia entering ‘full-fledged economic crisis’, says ex-minister Kudrin
Oil prices edge lower on fears of US debt default
Poland confiscates half of citizens’ pensions
Attempt to delay European nation’s looming debt crisis
(WND) NEW YORK – Quietly, as the looming possibility of a U.S. military attack on Syria dominated news internationally, the government of Poland announced a decision to confiscate half of the nation’s pension funds in an attempt to delay an impending government debt crisis.
While details remain hazy, Reuters reported Sept. 4 that Polish Prime Minister Donald Tusk announced a government decision to transfer to ZUS, the government pension system, all bond investments in privately owned pension funds within the state-guaranteed system.
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