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Venezuela bondholders inch toward showdown

Wednesday, July 5, 2017

Venezuela's Maduro Hikes Minimum Wage By A Modest 50 Percent

The $15 Minimum Wage Movement has long way to go before it matches Venezuela President’s “generosity” to the working class. In trying to write the last chapter of the Bolivarian Socialism, President Nicolas Maduro announced a 50 percent hike in the minimum wage. That’s the 13th increase since Mr. Maduro became President. Meanwhile, Bolivarian socialists have helped Venezuela catch up with North Korea in economic freedom, that is. That’s according to the recent 2017 Index of Economic Freedom ranking, which places Venezuela in 179th position -- next to North Korea, which occupies the 180th. More…

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