Wednesday, February 4, 2015

Venezuela begins occupation of grocery chain amid crackdown on private businesses


National guardsmen and state price adjusters fanned out across Venezuela Wednesday to impose a military-style occupation with an unusual goal: Making sure shoppers can buy enough sugar.The South American country's socialist administration temporarily took over the Dia a Dia supermarket chain as part of a crackdown on the private businesses it blames for worsening shortages and long lines. Embattled President Nicolas Maduro says right-wing owners are purposely making shopping a nightmare by hoarding goods and removing checkout stations. He has promised to jail any business owner found to be fomenting economic chaos. Two executives of Venezuela's largest drugstore chain, Farmatodo, were detained over the weekend as part of an investigation by price-control authorities. More…

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