Venezuela –Economic Turmoil
Oil rich Venezuela is in economic and political turmoil .The petrol prices plummeted, forcing the factories and state farms to shut production .The rampant corruption has literally made life miserable for the people .
The on going protests for the last three months have left about 90 people dead as reported by Associated Press.
The president Nicolas Maduro has called for election on 30th july to elect Constituent Assembly with sweeping powers including power to rewrite the country’s Constituion.
The protesting people and the opposition fearing the move could lead to an authoritarian rule along the lines of the political system in Cuba.
The opposition political Parties claimed that it garnered 7.5 million votes held on Sunday opposite to the President’s move of forming New Constituent Assembly
The U.S President Donald Trump in a statement said “ The united states will not stand by as Venunzuela crumbles. If Nicolas Maduro imposes Constituent Assembly on 30th July,The US will take strong economic action.”
Venezuela exports on average nearly 700,000 barrels of oil a day to USA. It comprises half of the total exports of Venezuela.and covers for the 75 percent income for Venezuela and keeps the Government going on.
In the light of above facts Venezuela would ill afford to do anything contrary to the US as the move could debilitate the Maduro Govt economically. Source Associated Press
UN PEACKEEPERS DILEMMA
On Wednesday, the 193-member U.N. budget committee agreed on $7.3 billion to fund 13 peacekeeping missions across the globe and a logistics support office. The budget is due to be adopted by the U.N. General Assembly on Friday, diplomats said.
The United states has reduced the UN Peacekeepers’ budget by $600 million . The decision is in tune with the Donald Trump’s call for Cost reduction policy for US Annual Budget
The current U.S. funding for the U.N Peacekeeping bill is 28.5percent and Trump has shown concern for the same and suggested to cut down it to 25 percent instead.
In addition Wahington also pays 22percent of the $5.4billion UN core budget.
U.S. Ambassador Nikki Haley told U.S. lawmakers in Washington on Wednesday that Trump’s proposed U.S. federal budget was “making a point that he wanted to strengthen the military and it was putting the United Nations on notice.”
The other major contribution to UNpeace keeper’s budget comes from China about 10 percent .
POLISH PROTESTERS ON WAR PATH
Polish protestors are on war path since Sunday evening demonstrating against a controversial Bill putting supreme court under the Government . in unprecedented rally the protestors were waving flags and chanting slogans “we want free Poland “ and “free court”.
The upper house of the Polish parliament has approved the Bill by a vote of 55 /23 on Saturday ,the lower house keeping it in abeyance following massive protest in all major cities .
The president Andrej Duda has 21 days to give assent to the Bill but it is assumed he would not wait so much to give his decision.
Under the bill the Ministry of justice will be armed with sweeping powers of hiring and firing judges. This Bill according to the Government would make the judiciary more accountable and speed up the otherwise too slow system .
The world leaders across the Globe trying to subvert the Democratic structure to be equipped with manoeuvarable controls to achieve their sinister moves to perpetuate their misrule .