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2013–present Economic Crisis In Venezuela
The Venezuelan economic crisis is the deterioration that began to be noticed in the main macroeconomic indicators from the year 2012, and whose consequences continue, not only economically but also politically and socially. The April 2019 International Monetary Fund (IMF) World Economic Outlook described Venezuela as being in a "wartime economy". For the fifth consecutive year, Bloomberg rated Venezuela first on its misery index in 2019. Origins The origin of this economic collapse, framed in the context of the Great Recession, years after the improvement of the extraction of unconventional hydrocarbons in the U.S., showed a macro-economic phenomenon of great importance for the region. China's slowdown, a steady increase in oil production, and stable demand generated a surplus of crude oil that caused a drop in prices of reference crude oil, West Texas Intermediate (WTI), and Brent Crude, falling in 2014 from $100 a barrel to $50 a barrel, and causing unfavourable changes ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Crisis In Venezuela
The crisis in Venezuela is an ongoing socioeconomic and political crisis that began in Venezuela during the presidency of Hugo Chávez and has worsened in Nicolás Maduro's presidency. It has been marked by hyperinflation, escalating starvation, disease, crime and mortality rates, resulting in massive emigration from the country. The situation is by far the worst economic crisis in Venezuela's history, and is also the worst facing a country in peacetime since the mid-20th century. The crisis is often considered to be more severe than that of the United States during the Great Depression, the 1985–1994 Brazilian economic crisis, or the 2008–2009 hyperinflation in Zimbabwe. Other writers have also compared aspects of the crisis, such as unemployment and GDP contraction, to that of Bosnia and Herzegovina after the 1992–1995 Bosnian War, and those in Russia, Cuba and Albania following the collapse of the Eastern Bloc in 1989 and the dissolution of the Soviet Union in 1991.* ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
General Mills
General Mills, Inc., is an American multinational manufacturer and marketer of branded processed consumer foods sold through retail stores. Founded on the banks of the Mississippi River at Saint Anthony Falls in Minneapolis, the company originally gained fame for being a large flour miller. Today, the company markets many well-known North American brands, including Gold Medal flour, Annie's Homegrown, Lärabar, Cascadian Farm, Betty Crocker, Yoplait, Nature Valley, Totino's, Pillsbury, Old El Paso, Häagen-Dazs, as well as breakfast cereals under the General Mills name, including Cheerios, Chex, Lucky Charms, Trix, Cocoa Puffs and Count Chocula and the other monster cereals. It is headquartered in Golden Valley, Minnesota, a suburb of Minneapolis. History Washburn-Crosby Company The company can trace its history to the Minneapolis Milling Company, incorporated in 1856. The company was founded by Illinois Congressman Robert Smith, who leased power rights to flour mi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Forbes (magazine)
''Forbes'' () is an American business magazine owned by Integrated Whale Media Investments and the Forbes family. Published eight times a year, it features articles on finance, industry, investing, and marketing topics. ''Forbes'' also reports on related subjects such as technology, communications, science, politics, and law. It is based in Jersey City, New Jersey. Competitors in the national business magazine category include ''Fortune'' and ''Bloomberg Businessweek''. ''Forbes'' has an international edition in Asia as well as editions produced under license in 27 countries and regions worldwide. The magazine is well known for its lists and rankings, including of the richest Americans (the Forbes 400), of the America's Wealthiest Celebrities, of the world's top companies (the Forbes Global 2000), Forbes list of the World's Most Powerful People, and The World's Billionaires. The motto of ''Forbes'' magazine is "Change the World". Its chair and editor-in-chief is Steve Forbe ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hyperinflation
In economics, hyperinflation is a very high and typically accelerating inflation. It quickly erodes the real value of the local currency, as the prices of all goods increase. This causes people to minimize their holdings in that currency as they usually switch to more stable foreign currencies. When measured in stable foreign currencies, prices typically remain stable. Unlike low inflation, where the process of rising prices is protracted and not generally noticeable except by studying past market prices, hyperinflation sees a rapid and continuing increase in nominal prices, the nominal cost of goods, and in the supply of currency. Typically, however, the general price level rises even more rapidly than the money supply as people try ridding themselves of the devaluing currency as quickly as possible. As this happens, the real stock of money (i.e., the amount of circulating money divided by the price level) decreases considerably.Bernholz, Peter 2003, chapter 5.3 Almost all ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Venezuela Inflation On The Black Market (DolarToday) On A Logarithmic Scale
Venezuela (; ), officially the Bolivarian Republic of Venezuela ( es, link=no, República Bolivariana de Venezuela), is a country on the northern coast of South America, consisting of a continental landmass and many Federal Dependencies of Venezuela, islands and islets in the Caribbean Sea. It has a territorial extension of , and its population was estimated at 29 million in 2022. The capital and largest urban agglomeration is the city of Caracas. The continental territory is bordered on the north by the Caribbean Sea and the Atlantic Ocean, on the west by Colombia, Brazil on the south, Trinidad and Tobago to the north-east and on the east by Guyana. The Venezuelan government maintains a claim against Guyana to Guayana Esequiba. Venezuela is a federation, federal presidential republic consisting of States of Venezuela, 23 states, the Venezuelan Capital District, Capital District and Federal Dependencies of Venezuela, federal dependencies covering Venezuela's offshore islands. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Libyan Civil War
Demographics of Libya is the demography of Libya, specifically covering population density, ethnicity, education level, health of the populace, economic status, and religious affiliations, as well as other aspects of the Libyan population. The Libyan population resides in the country of Libya, a territory located on the Mediterranean coast of North Africa, to the west of and adjacent to Egypt. Libyans live in Tripoli. It is the capital of the country and first in terms of urban population, as well as Benghazi, Libya's second largest city. History Historically Berber, over the centuries, Libya has been occupied by the Phoenicians, Greeks, Romans, Arabs, and Italians. The Phoenicians had a big impact on Libya. Many of the coastal towns and cities of Libya were founded by the Phoenicians as trade outposts within the southern Mediterranean coast in order to facilitate the Phoenician business activities in the area. Starting in the 8th century BC, Libya was under the rule of th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mahan Air
Mahan Airlines, operating under the name Mahan Air ( fa, هواپیمایی ماهان, Havâpeymâyi-ye Mâhân), is a privately owned Iranian airline based in Tehran, Iran. It operates scheduled domestic services and international flights to the Far East, Middle East, Central Asia and Europe. Its main home bases are Tehran Imam Khomeini International Airport and Mehrabad International Airport. History Early developments Mahan Air was established in 1991 as a Full-Service Carrier (FSC), and began operations in June 1992 as Iran's first private airline. The name of Mahan is taken from the historical city of Mahan in Kerman Province. The airline joined the IATA in 2001 and is owned by Mol-Al-Movahedin Charity Institute (100%). Three Airbus A300B4 passenger aircraft were acquired in 1999, and in 2002 A310s and A320s joined the fleet. According to the British High Court, three 747-400s were unlawfully taken by Mahan Air from their real owner, Blue Sky Airlines, in 2008, using f ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
American Airlines
American Airlines is a major airlines of the United States, major US-based airline headquartered in Fort Worth, Texas, within the Dallas–Fort Worth metroplex. It is the Largest airlines in the world, largest airline in the world when measured by fleet size, scheduled passengers carried, and revenue passenger mile. American, together with its regional partners and affiliates, operates an extensive international and domestic network with almost 6,800 flights per day to nearly 350 destinations in more than 50 countries. American Airlines is a founding member of the Oneworld alliance, the third-largest airline alliance in the world. Regional service is operated by independent and subsidiary carriers under the brand name American Eagle (airline brand), American Eagle. American Airlines and American Eagle operate out of 10 hubs, with Dallas Fort Worth International Airport, Dallas/Fort Worth (DFW) being its largest. The airline handles more than 200 million passengers annually with ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
International Air Transport Association
The International Air Transport Association (IATA ) is a trade association of the world's airlines founded in 1945. IATA has been described as a cartel since, in addition to setting technical standards for airlines, IATA also organized tariff conferences that served as a forum for price fixing. Consisting in 2016 of 290 airlines, primarily major carriers, representing 117 countries, the IATA's member airlines account for carrying approximately 82% of total available seat miles air traffic. IATA supports airline activity and helps formulate industry policy and standards. It is headquartered in Canada in the city of Montréal, with executive offices in Geneva, Switzerland. History IATA was formed in April 1945 in Havana, Cuba. It is the successor to the International Air Traffic Association, which was formed in 1919 at The Hague, Netherlands. At its founding, IATA consisted of 57 airlines from 31 countries. Much of IATA's early work was technical and IATA provided input to the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lufthansa
Deutsche Lufthansa AG (), commonly shortened to Lufthansa, is the flag carrier of Germany. When combined with its subsidiaries, it is the second- largest airline in Europe in terms of passengers carried. Lufthansa is one of the five founding members of Star Alliance, the world's largest airline alliance, formed in 1997. Besides its own services, and owning subsidiary passenger airlines Austrian Airlines, Swiss International Air Lines, Brussels Airlines, and Eurowings (referred to in English by Lufthansa as its ''Passenger Airline Group''), Deutsche Lufthansa AG owns several aviation-related companies, such as Lufthansa Technik and LSG Sky Chefs, as part of the Lufthansa Group. In total, the group has over 700 aircraft, making it one of the largest airline fleets in the world. Lufthansa's registered office and corporate headquarters are in Cologne. The main operations base, called Lufthansa Aviation Center, is at Lufthansa's primary hub at Frankfurt Airport, and its secondar ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Delta Air Lines
Delta Air Lines, Inc., typically referred to as Delta, is one of the major airlines of the United States and a legacy carrier. One of the List of airlines by foundation date, world's oldest airlines in operation, Delta is headquartered in Atlanta, Georgia (U.S. state), Georgia. The airline, along with its subsidiaries and regional affiliates, including Delta Connection, operates over 5,400 flights daily and serves 325 destinations in 52 countries on six continents. Delta is a founding member of the SkyTeam airline alliance. Delta has nine hubs, with Hartsfield–Jackson Atlanta International Airport, Atlanta being its largest in terms of total passengers and number of departures. It is ranked second among the world's largest airlines by number of scheduled passengers carried, revenue passenger-kilometers flown, and fleet size. It is ranked 69th on the Fortune 500. History Early history The history of Delta Air Lines begins with the world's first aerial crop dusting operatio ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Avianca
Avianca S.A. (acronym in Spanish for ''Aerovias del Continente Americano S.A.'', "Airways of the American Continent") is a Colombian airline. It has been the flag carrier of Colombia since December 5, 1919, when it was initially registered under the name SCADTA. It is headquartered in Colombia, with its registered office in Barranquilla and its global headquarters in Bogotá and main hub at El Dorado International Airport. Avianca is the flagship of a group of ten Latin American airlines, who operate as one airline using a codesharing system. Avianca is the largest airline in Colombia and second largest in Latin America, after LATAM of Chile. Avianca and its subsidiaries have the most extensive network of destinations in Latin America. Prior to the merger with TACA in 2010, it was wholly owned by Synergy Group, a South American holding company established by Germán Efromovich and specialising in air transport. It is listed on the Colombia Stock Exchange. Through SCADTA, A ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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