U.S. Slaps Sanctions on Venezuela after Sham Elections

In response to flawed elections, the U.S. announced on Monday it would slap economic sanctions on Venezuela. Although fewer than 20 percent of registered voters went to the polls, a law was passed that puts a constitutional assembly in place to give Venezuelan President Nicolas Maduro unlimited powers. This effectively makes the country a dictatorship. […]

Puerto Rico, Venezuela: Countries in Crisis

Puerto Rico’s government was supposed to pay up May 3. They owe $370 million in bond payments. After spending the weekend to try to negotiate a settlement, officials came up short and have decided to default. The total due on Monday is $422 million, but Puerto Rico has enough to pay $22 million in interest and […]