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Amanda Anna G

Venezuela to toughen price controls, set profits - Yahoo News - 0 views

news.yahoo.com/rofits-122109181--finance.html

pirce-controls

shared by Amanda Anna G on 14 Nov 13 - No Cached
  • CARACAS, Venezuela (AP) — Venezuelan President Nicolas Maduro is extending price controls and will place limits on profits as he extends attempts to curb the galloping inflation that is eroding support for his rule.
  • Maduro made the announcement in a late-night television address Sunday in which he also vowed to step up inspections of businesses selling shoes, clothing, automobiles and other goods to make sure they aren't gouging consumers.
  • Amanda Anna G on 14 Nov 13
     
    In Venezuela, the president Nicolas Maduro has extended price controls to prevent the inflation that is (against) support for his rule. "We can't allow our hard currency to be used to rob people through the sale of these goods." he harangued businessmen he accuses of usury. This article relates to price controls and politics, and shows how price controls might look like when a country is ruled by dictatorship.
Clemence Lafeuille

China to invest $20bn in struggling Venezuela - 0 views

www.aljazeera.com/...enezuela-2015188152276388.html

Venezuela China foreign direct investment oil

shared by Clemence Lafeuille on 03 Mar 15 - No Cached
  • Clemence Lafeuille on 03 Mar 15
     
    This article is about China's FDI into Venezuela. Because of the recent drop in oil prices, Venezuela is suffering so China is placing FDIs in deals that include technology, housing and urban planning. The hope here is to develop a relationship between the two nations, but as we have seen in class it might not be truly beneficial to the LEDC.
Sebastian G

Venezuela: State imposes price controls - 0 views

www.scotsman.com/...poses-price-controls-1-3186012

price controls

shared by Sebastian G on 14 Nov 13 - No Cached
  • Sebastian G on 14 Nov 13
     
    This article shows us that Venezuela wants to introduce a maximum price for electronics, hardware and clothing
John B

Venezuela businesses brace for more price controls - 0 views

espnsportsgolf.jovenesproponen.org/...-brace-for-more-price-controls

price controls

shared by John B on 16 Nov 13 - No Cached
  • Jorge Botti, president of Fedecamaras, said the Law for Fair Costs and Prices will spook investors looking for wider profit margins and cause shortages of basic goods because makers of numerous products will likely scale back production.
  • He said sweeping price regulations applied to goods and services in every area of Venezuela’s economy will inevitably hurt businesses already struggling with socialist-orientated policies established by President Hugo Chavez.
  • While price controls already exist for some basic foods such as cooking oil and rice, the law taking effect Tuesday will extend them to a wider range of goods and give the government more enforcement authority.
  • ...2 more annotations...
  • Officials will initially focus on setting price controls for food, personal hygiene and home cleaning products, construction materials, automobile parts, medicines and health care services before moving on to other areas of the economy, Granadillo said.
  • Luis Vicente Leon, director of the Venezuelan polling firm Datanalisis, which tracks the availability of basic goods and consumer prices, predicted the law won’t tame inflation and cause shortages of some goods.
  • John B on 16 Nov 13
     
    This article is about trying to bring down the inflation by imposing price controls for food, personal hygiene, home cleaning products, construction materials, automobile parts, medicines and health care services. I personally did not like this article since there were very little explanation of why things would occur. It was just stated one person thinks this will be a good idea, and another person thinks it is a bad idea. Nothing about why they think so.
Hyobin Lim

Venezuela's New Exchange Rate System Is Paying Off - 2 views

www.usnews.com/...-with-new-exchange-rate-system

exchange rates inflation

shared by Hyobin Lim on 17 Nov 14 - No Cached
  • Hyobin Lim on 17 Nov 14
     
    Venezuela is known to have a higher inflation than that of its trading partners. In the fall of 2012, Venezuela's inflation and the black market rate for the dollar both began to rise. However, the government announced a new system, SICAD II, on February 19 to break the cycle of inflation-depreciation. So far, the new system has tamed the black market. It is predicted that SICAD II will draw currency exchanges away from the black market, but it also stated that it will worsen the inflation problem.
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