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"Business Matters: OPEC piles pain on Venezuela 28 Nov 14

Fri, 28 Nov 14

OPEC's refusal to cut oil production, sending prices even lower, heaps more economic pain on one of its members - Venezuela. The country is heavily dependant on oil to balance its books, and we speak to a leading energy expert from Venezuela's top business school, who says the country needs an oil price of about $160 per barrel to break even - more than double what it is now. Plus, Spain's Prime Minister Mariano Rajoy leads an anti-corruption crackdown following a series of political and industrial scandals, and we hear from an award-winning Chilean film director about how hard it is to get a production off the ground in his home country. We're joined through the show by Megan Stodel, a writer for The F Word, and Song Seng Wun, from CIMB Research in Singapore. With them we discuss the growing online campaign to boycott Black Friday, hatred of all things pumpkin on Thanksgiving, and a controversial suggestion to ban the word "feminist".