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AS IT IS 2016-05-17 Venezuela’s President Declares State of Emergency as Economy Worsens 委内瑞拉总统因经济恶化宣布全国进入紧急状态
After declaring a state of emergency, Venezuela’s President Nicolas Maduro threatened to seize closed factories and arrest their owners.
At a rally over the weekend, Maduro told supporters that owners of closed factories are “trying to sabotage1 the country.” And he accused the United States of trying to destabilize Venezuela.
The state of emergency gives Maduro increased powers for 60 days.
Venezuela’s economy has been severely2 affected3 by low oil prices. Venezuela is a member of OPEC, the Organization of Petroleum4 Exporting Countries and a major oil producer. Yet, the lack of trade in oil means the country is having a hard time paying for imported materials it needs.
Polar workers who fear losing their jobs protest outside company headquarters in Caracas, Venezuela, Friday, April 22, 2016. Polar, the largest producer of beer in the country, said Thursday the lack of imported raw materials.
Last month, the country's largest food and drink distributor, Polar, shut down its last beer plant. The company said it is unable to get hard currency to buy raw materials.
The political opposition5 in Venezuela now says an effort to recall the Venezuelan leader is gaining traction6. Anti-government activists7 say they have collected 1.8 million of the 4 million signatures required to force a recall vote of the president.
On Saturday, thousands of protestors appeared in the streets of Caracas in support of a recall referendum. However, if the Venezuelan president is removed, his vice8 president would take the top office.
Latin American analyst9 Mark Jones of Rice University recently spoke10 to VOA about the economic situation Venezuela. He said the South American country, once a thriving oil producer, is collapsing11 economically:
“Inflation is approaching 1000 percent annually12. The economy is going to shrink by probably around 10 percent this year. It’s a country that is economically destitute13.”
Jones added that political tensions in the country are very high. The analyst noted14 that Maduro, and Hugo Chavez before him, mismanaged Venezuela’s economy. The current situation, he suggested, would not be too different if oil prices were high.
“Now they might be able to be riding out this storm a little easier if oil was at $100 a barrel. But even back when oil was at $100 a barrel the country was experiencing shortages.”
Words in This Story
destabilize –v. to cause to not work in the desired way, to make unstable15
distributor –n. a company that supplies stores or businesses with needed goods
hard currency –n. money from a country with a strong economy that is widely used and is not likely to lose value sharply
traction –n. support or interest needed to cause something to happen
thriving –adj. to do well
destitute –adj. very poor
1 sabotage | |
n.怠工,破坏活动,破坏;v.从事破坏活动,妨害,破坏 | |
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2 severely | |
adv.严格地;严厉地;非常恶劣地 | |
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3 affected | |
adj.不自然的,假装的 | |
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4 petroleum | |
n.原油,石油 | |
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5 opposition | |
n.反对,敌对 | |
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6 traction | |
n.牵引;附着摩擦力 | |
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7 activists | |
n.(政治活动的)积极分子,活动家( activist的名词复数 ) | |
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8 vice | |
n.坏事;恶习;[pl.]台钳,老虎钳;adj.副的 | |
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9 analyst | |
n.分析家,化验员;心理分析学家 | |
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10 spoke | |
n.(车轮的)辐条;轮辐;破坏某人的计划;阻挠某人的行动 v.讲,谈(speak的过去式);说;演说;从某种观点来说 | |
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11 collapsing | |
压扁[平],毁坏,断裂 | |
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12 annually | |
adv.一年一次,每年 | |
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13 destitute | |
adj.缺乏的;穷困的 | |
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14 noted | |
adj.著名的,知名的 | |
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15 unstable | |
adj.不稳定的,易变的 | |
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