The proud face of the revolutionary hero Simón Bolívar gazes from a stack of banknotes dumped in a grubby box on the floor of a supermarket that doubles as a foreign exchange bureau in a small border town in the Amazon.

No disrespect is intended: there is simply not enough space in the till for the thick wads of cash. Nor is it practical to treat the 100 bolivar bills with more care: they are worth barely more than the paper napkins stacked rather more attentively on the shelves.

Read the Full Article: Source – The Guardian
Time For Truth: (The Guardian) – Venezuela on the brink: a journey through a country in crisis

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A few days ago on the way to the office, I grabbed breakfast at a new juice bar on the street where I live.

When I went back to get coffee three hours later, it was gone. Instead, there was a pile of rubble – as if a miniature tornado had swept along the small row of shops that had been there, gobbling each and every one of them up, before abruptly running out of steam at a huge apartment building.

Read the Full Article: Source – BBC News
Time For Truth: (BBC News) – Why was my favourite Nigerian juice bar knocked down?

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The question of whether Socialism can be an effective economic system was famously raised when Margaret Thatcher said of the British Labor Party, “I think they’ve made the biggest financial mess that any government’s ever made in this country for a very long time, and Socialist governments traditionally do make a financial mess. They always run out of other people’s money. It’s quite a characteristic of them. They then start to nationalise everything.”

Read the Full Article: Source – Zero Hedge
Time For Truth: (Zero Hedge) – Venezuela's "Death Spiral" - A Dozen Eggs Cost $150 As Hyperinflation Horrors Hit Socialist Utopia

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Walmart, the US supermarket chain, plans to cut 7,000 back office and accounting jobs in its US stores.

The move comes after a pilot programme in 500 stores this summer that tested a new accounting system.

A Walmart official said the employees affected by the changes would have the option of moving into jobs serving customers if they chose to stay.

Read the Full Article: Source – BBC News
Time For Truth: (BBC News) – Walmart plans to cut 7,000 jobs

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Authorities in a Paris suburb have warned the owner of a halal supermarket that he must start selling pork and alcohol if he wants to remain open. Local residents have complained that they are not able to get a wide range of products at the store.

Under the terms of his lease, Soulemane Yalcin is obliged to run a ‘general food store’, but the lack of pork products and alcohol at his Good Price supermarket in Colombes are causing a stir in the western-Paris suburb.

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