A Flourishing Nation Collapses Due To Economic Crisis

Venezuela’s crisis is no unknown story; in fact, it has been prominently featured in current international news. This country holds one of the largest reserves of crude oil in the world so why, instead of being one of the wealthiest nations in the world, it is facing an economic, political and social crisis?

Let’s review the whole situation chronologically beginning with the economical drop that started after the death of former president Huge Chavez in 2013. Nicolas Maduro took over with a narrow election victory but failed to inherit his predecessor’s popularity. In 2014, this oil-rich country was hit by the oil crisis and entered economic recession. The oil prices fell from $100 per barrel to a mere $25 per barrel in the year 2016.

This fall had a cascading effect on the income levels of Venezuela. Another adding factor to the economic crisis was the high level of social security provided by the government to the underprivileged. The excess subsidies given out further ate up the government’s coffers. The international business management protocol instigated by the Maduro government had many loopholes which lead to big corporates like Pepsi, GM, and UAL pulling back or closing down their establishments in the country. This resulted in a direct hit on the unemployment levels in the country.

Inflation adversely hit the economy, crashing the currency from 8 Bolivars against one dollar to 8000 Bolivars against one dollar. Another culprit of this crisis is the use of multiple currencies. There is a DiPro, which is set at a rate of 10 bolivars per dollar which is used for import of food items and other necessities. There is a second rate called Dicom, ranging between 200 to 640 bolivars per dollar. This vast difference between the two rates created a lot of financial problems for the country’s economy.

The government spent off most of their funds to down pay debt from countries like China and Russia. Since the Chavez period, they stopped cultivating their farmland and were utterly dependent on food and medical supplies from countries like Brazil, Columbia, and Mexico. Due to this mismanagement, the population of the country starved. The medical shortage led to increasing death in hospitals caused due to epidemics of malaria and high deaths rates for post-pregnant women and newborns. Poor living conditions and fear of contagion from foreign sources lead to the fleeing of brainwashed upper middle class from the very country they were meant to lead and protect, leaving the social situation even more miserable.

The political turmoil started when the opposition won the majority of seats and threw away the Maduro government in 2015. In 2016, the Maduro supporters pressurized the national assembly to impeach the new government. This conflict forced the Supreme Court to dissolve the assembly all together leading to months of political stress and conflict causing more than 100 deaths.

The corruption in the government was another factor that has brought on the near-demise of a once economically sound country. The crisis has been then increasing, and if the world’s economists are to be believed, it is not going to improve any time soon. The country’s economic and political situation has been a constant focal point for the world media since then but any hope for improvement is yet to be seen.

Reading Habits Of Successful People

If you wish to become successful in life and make a mark in this world, it will do you good to learn from the habits of the rich and the successful. They do not become successful overnight. A lot of hard work and perseverance goes into helping them reach the position they have today. Reading is one such habit that is common among the wealthy and the successful of the modern society. According to the latest stories, broad reading habits are a commonly seen trend among emerging leaders and influential people. If you are curious about their reading habits, take a quick peep below:

· Bill Gates tops the list with his love for books He has been quoted as saying that he reads at least one book a week. He even has a blog called Gates Notes if you are looking for insight to build a “To Be Read” list.
· Mark Zuckerberg also started on the path of reading a new book every week in 2015 in an attempt to improve his knowledge. He also launched a book club called A Year of Books to motivate other reads like him.
· Warren Buffett has an insatiable appetite for books and makes up for it by reading at least a thousand pages every single day. Interestingly, he spends up to 80% of his working day reading books. Most booklovers would be jealous of a job like that!
· Emma Watson, the famous actress who made her name through the popular Harry Potter movies franchise as Hermione, has taken her role very seriously by promoting reading among today’s youth b starting her own book club. She is also a part of an innovative group called “The Book Fairies” who go all over the world leaving behind books for people to read, enjoy and then pass on to another person.
· Suzanne Leal is a lawyer who sits on the Tribunal board. Being an author of two books herself, she tries to squeeze in as much reading time as possible according to her time constraints. She says it helps her relax and absorb a lot of information at the same time.

If you are still not sure whether or not to make reading a top priority, here are a few more reasons:

· Keeps You Curious
Reading books offers you a chance to keep you curious about the world and everything in it. As you read more, you learn about more opinions, making you thirsty for more. It is almost like a vicious cycle but in a good way!

· Challenges You
Books keep challenging you as you try to understand what you read. It gives you an insight into different countries and their cultures, helping you broaden your horizon more and lets your brain absorb all this new information. Reading is often prescribed by doctors as an excellent way to keep your brain cells active as you age slowly. It is up to you to keep your brain active and learn a lot of new things along the way.