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Luis Pablo De La Horra

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  • Electricity Access Is Spreading (Except in Venezuela)

    Electricity Access Is Spreading (Except in Venezuela)0

    Venezuela has recently experienced a wave of blackouts resulting from the ineptitude of Maduro’s dictatorship, whose policies have led the country to the most severe economic crisis of its history. The lack of access to electricity is having an unprecedented humanitarian impact on the Venezuelan population. Food is spoiling in unpowered refrigerators, looters are running

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  • Is a Recession around the Corner?

    Is a Recession around the Corner?0

    Is the US heading towards recession? That depends on whom you ask. Nobel laureate economist Paul Krugman believes the country will face an economic downturn sometime in the next two years. But the latest CNBC survey of chief financial officers shows businesses don’t expect a recession in the near future. The dismal track record of

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  • Venezuela’s 3 Comrades in Economic Meltdowns

    Venezuela’s 3 Comrades in Economic Meltdowns0

    Venezuela is dealing with the most severe economic crisis of its history. Numbers are mind-blowing. Since 2014, the Venezuelan economy has contracted by almost 50 percent. The annual inflation rate reached 80,000 percent last year and three million people have left the country fleeing poverty and political repression. The last decade has witnessed very few

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  • The Double-edged Sword of Economic Sanctions Against Venezuela

    The Double-edged Sword of Economic Sanctions Against Venezuela0

    Venezuela is going through one of the worst economic crises of the last century. According to the International Monetary Fund (IMF), Venezuela’s GDP has fallen nearly 50 percent since 2014. To understand the magnitude of Venezuela’s economic downturn, Spain’s GDP fell by 30 percent… during the Spanish Civil War of the 1930s! In other words, a

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