VENEZUELA CRISIS: President Maduro threatens to seize defunct factories, punish owners

Caracas, VENEZUELA VIJAY SHAH via BBC The president of Venezuela, Nicolas Maduro, whose country is experiencing a crisis in electricity and other materials, has passed a new decree enabling his government to seize control of underperforming or closing factories and jail their owners, BBC News reports. As Venezuela’s economy continues to slump, President Maduro held a meeting with supporters in the capital Caracas. He told them that the country needed to sort out the crisis and to ramp up levels of manufacturing. This past Friday, Maduro had also brought in a nationwide state of emergency as Venezuela suffers food and … Continue reading VENEZUELA CRISIS: President Maduro threatens to seize defunct factories, punish owners