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Venezuela

The Punishing Toll Of Venezuela's Pulverized Economy

Economists say it's worse than the Great Depression. Money is worthless in the ruined South American country, and too many are going hungry.

In Maracay, Venezuela on May 21
In Maracay, Venezuela on May 21
María Teresa Ronderos

-Analysis-

CARACAS — In Caracas, people walk. There are few city buses or cars on the streets, their parts are limited. In total, 3.3 million Venezuelans have left, of the people remaining, few ride bicycles either, as they're afraid they'll be stolen. People get to work or as close as they can on the subway, which has few working trains left; some people may have to walk two or three hours to get to where they must.

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Geopolitics

Venezuela-Iran: Maduro And The Axios Of Chaos In The Americas

With the complicity of leftist rulers in Venezuela, Bolivia and even Argentina, Iran's sanction-ridden regime is spreading its tentacles in South America, and could even undermine democracies.

Venezuelan President Nicolás Maduro visiting Iranian President Ebrahim Raisi in Tehran, Iran on June 11. Venezuela is one of Iran's closest allies, and both are subject to tough U.S. sanctions.

Julio Borges

-Analysis-

CARACAS —The dangers posed by Venezuela's relations with the Islamic Republic of Iran is something we've warned about before. Though not new, the dangers have changed considerably in recent years.

They began under Venezuela's late leader, Hugo Chávez , when he decided to turn his back on the West and move closer to countries outside our geopolitical sphere. In 2005, Chávez and Iran's then president, Mahmoud Ahmadinejad, signed collaborative agreements in areas beyond the economy, with goals that included challenging the West and spreading Iran's presence in Latin America.

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