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Venezuela bondholders inch toward showdown

Thursday, June 29, 2017

Looting grips Venezuelan city

For a bracing look at the grassroots anger that has overtaken oil-rich but food-poor Venezuela over the past three months, consider the bedlam that descended on this city. On Tuesday, Maracay in the north of the country was a chaotic and violent patch of lawlessness as looters ran wild. A young man was fatally shot in the cheek by police, witnesses said. The police had been trying to stop looters targeting stores in a neighborhood called Santa Rita, one of the rougher areas of this industrial city 120 kilometers west of Caracas. More…

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