21st Century Democratic Socialism headline update:
Infobae reports that Venezuelan hospitals are placing newborns in cardboard boxes, not only because of a shortage of cribs, but also because of a lack of incubators.
Dramáticas imágenes de bebés recién nacidos en cajas de cartón en un hospital venezolano https://t.co/itKMYk8GJX
— Fausta (@Fausta) September 21, 2016
Free healthcare and all that: The youngest victims of an economic disaster: Babies are left in cardboard boxes at cash-strapped hospital in Venezuela as the country spirals into financial abyss Heartbreaking pictures were taken by medical staff at a hospital in the northwest of the country
– The president of the Venezuelan Medical Federation (FMV), said hospitals have just five percent of the medical equipment that they need
– Experts believe the shortage of medicine is around 80 per cent
– Citizens in Venezuela have had to endure triple-figure inflation
On Monday, PdVSA Bonds Fall After Swap Proposal. Investors hesitant over terms of $7 billion debt exchange “Hesitant” about an offer overvalued by a factor of ten (emphasis added)
PdVSA President Eulogio Del Pino on Monday defended the offer. The firm estimated the “enterprise valuation” of its Citgo unit at $12.5 billion.
But Russ Dallen, a managing partner at Caracas Capital, arrived at a valuation of around $1.3 billion based on the recent sales value of PdVSA’S Chalmette Refinery in Louisiana. In addition, should PdVSA default on the new bond, the bondholders would stand to receive less in a restructuring than holders of Citgo’s existing 2020 bonds, he said.
“It is difficult to see many takers of this deal,” Mr. Dallen wrote in a note.
SEBIN Arrests Activists Who Produced PJ Video Against Repression. This is the video:
