Venezuelan President Nicolas Maduro hiked wages and handed
out hundreds of free homes Sunday amid his efforts to counter a strengthening
protest movement seeking his removal. On his regular Sunday television show,
Maduro ordered a 60 percent increase in the country's minimum wage starting
Monday. It was the third pay increase the socialist leader has ordered this
year and the 15th since he became president in 2013. It is small solace to
workers who seen the buying power of their earnings eroded by a sinking
currency and the world's highest inflation — forecast to accelerate to 2,000
percent next year, according to the International Monetary Fund. More … 
Monday, May 1, 2017
Venezuela's Maduro hikes minimum wage amid rising protests
Venezuelan President Nicolas Maduro hiked wages and handed
out hundreds of free homes Sunday amid his efforts to counter a strengthening
protest movement seeking his removal. On his regular Sunday television show,
Maduro ordered a 60 percent increase in the country's minimum wage starting
Monday. It was the third pay increase the socialist leader has ordered this
year and the 15th since he became president in 2013. It is small solace to
workers who seen the buying power of their earnings eroded by a sinking
currency and the world's highest inflation — forecast to accelerate to 2,000
percent next year, according to the International Monetary Fund. More … 
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