Henrique Capriles Radonski

Venezuela’s Pres. Maduro raises wages by 30%!

Venezuela’s President Nicolas Maduro on Saturday night increased the country’s minimum wage 30 percent, amid rampant inflation that has destroyed purchasing power in the crisis-hit country.

As of May 1, the minimum wage will jump to 15,051 bolivars per month – $1,505 at the strongest official exchange rate but just $13.50 at the black market rate.

Shift in oil-rich Venezuela as opposition wins vote

Venezuela's opposition won control of congress for the first time in 16 years on Dec. 7 as voters punished the socialist government for an economic crisis and insecurity in the oil-rich nation.

President Nicolas Maduro promptly accepted the defeat, a blow to his leadership and the "revolution" of "21st century socialism" launched by his late predecessor Hugo Chavez.