Month: August 2017

Venezuela Currency Continues to Disintegrate; Takes Over 20,000 Bolivars To Equal $1

According to the International Monetary Fund, inflation in Venezuela is expected to soar above 700 percent this year. Venezuelans who are able to are hoarding dollars and other currency alternatives. “Every time the black dollar (the black market dollar) goes up, you’re poorer,” resignedly said Juan Zabala, an executive in a reinsurance business in Caracas. His salary is 800,000 bolivars per month. On Thursday, that was worth $47 at the parallel rate. A year ago, it was $200.

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Sealy City Council Place 2 Candidate Forum [VIDEO]

Last night the candidate vying for Place 2 on the Sealy City Council met at the Holiday Inn Express in Sealy to answer questions and give their views on governing and issues that are facing the city.  The forum was hosted by the Sealy Chamber of Commerce, Austin County News Online and the Sealy News.  

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