Venezuela has the largest proven oil reserves in the world. It was once so rich that Concorde used to fly from Caracas to Paris. But in the last three years its economy has collapsed. Hunger has gripped the nation for years. Now, it’s killing people and animals that are dying of starvation. The Venezuelan government knows, but won’t admit it!!! Four in five Venezuelans live in poverty. People queue for hours to buy food. Much of the time they go without. People are also dying from a lack of medicines. Inflation is at 82,766% and there are warnings it could exceed one million per cent by the end of this year. Venezuelans are trying to get out. The UN says 2.3 million people have fled the country - 7% of the population.

Friday, March 4, 2011

Hollywood to theater owners: Drop dead....

Hollywood to theater owners: Drop dead. In yet another move aimed at giving people more reasons not to go to movie theaters, several major studio owners -- including 20th Century Fox and Disney -- are in advanced talks with satellite broadcaster DirecTV to offer movies by way of video-on-demand just 60 days after their theatrical debut. The price tag would be $30. Though that may seem prohibitive, if there is any consumer interest, the studios no doubt will lower the price to encourage more consumers. It's all part of Hollywood's plan to lower interest in what is its most expensive and popular movie window -- theaters -- for gravy from ancillary streams.

Thank you Los Angeles Times

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