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Venezuela

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Business & Lifestyle

How will America’s increasing debt levels impact the price of Bitcoin?

Debt is often compared to being a double-edged sword. Countries can borrow money to stimulate growth and large internal projects, affording their citizens a better economy to accumulate wealth and a higher quality of living. However, this debt comes with interest, and many countries end up in a vicious cycle of borrowing or printing more money to pay off their debts.  The more money a country borrows, the more it has to pay back in the future. This means future […]

todayJanuary 31, 2020 7

U.S. Cuba
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National

U.S. limits how much money Americans can send to Cuba

WASHINGTON (UPI) -- The United States is restricting travel to Cuba and how much money Americans can send to family members in the Caribbean nation, national security adviser John Bolton said Wednesday. The announcement, made at a Bay of Pigs Veterans Association event in Miami, is a reversal of President Barack Obama's attempts to loosen restrictions and normalize relations with Cuba. Under the new policy, Americans may send up to $1,000 per person every three months. Under the Obama administration, […]

todayApril 17, 2019 4

venezuela
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Business & Lifestyle

Venezuela testing Petro-based minimum wage hike

CARACAS, Venezuela (Heartland Newsfeed) -- Venezuelan dictator Nicolás Maduro announced that Venezuelans will be paid a minimum of 0.5 Petro (PTR) following the implementation of his monetary reforms this week. Considered to be a 60-time wage increase over the current minimum monthly salary of $1, the government-backed cryptocurrency will be able to be exchanged at the rate of $60 U.S. dollars (USD) with the new "sovereign bolivar" being tied into the digital coin. It is unclear on the reasoning for the […]

todayAugust 19, 2018 8

Business & Lifestyle

Venezuela leader Maduro wants to meet Trump in NYC

CARACAS/WASHINGTON (UPI) -- Amid his country's ongoing economic and political crises, Venezuelan President Nicolas Maduro -- a frequent critic of the United States -- has called for a face-to-face meeting with President Donald Trump. Maduro on Thursday addressed the 545-member Constituent Assembly, which was formed recently to make changes to Venezuela's constitution despite accusations the body will tighten Maduro's grip on power. In his remarks, the Venezuelan leader asked for a "personal conversation" with Trump when they gather in New York City next month at the […]

todayAugust 11, 2017 4

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