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U.N. rights chief Michelle Bachelet has called for talks to defuse the situation in Venezuela, saying that it “may rapidly spiral out of control with catastrophic consequences.”
Bachelet also called for an independent investigation into reports that Venezuelan security forces had killed 20 people and detained more than 350 in protests this week.
United States President Donald Trump bluntly warned Maduro Thursday that “all options are on the table” if there is not a peaceful transition to democracy in the South American country.
Severing diplomatic ties
On Wednesday, Venezuela’s disputed president Nicolas Maduro said he was ending diplomatic relations with the United States in response to Trump’s announcement that the U.S. was officially recognizing National Assembly President Juan Guaido as Venezuela’s interim leader, as Guaido declared himself interim president during a day of mass demonstrations.
Maduro ordered U.S. diplomats to leave within 72 hours. U.S. Secretary of State Mike Pompeo, however, said Maduro no longer has the authority to issue orders.
Thursday, 16 of the 34 nations in the Organization of American States (OAS) recognized Guaido, the opposition head of the National Assembly, as the interim president of Venezuela at an emergency session.
Pompeo urged members to oppose the “illegitimate” Maduro and pledged to make $20 million available for humanitarian assistance to Venezuela.
“All OAS member states must align themselves with democracy and respect for the rule of law,” the top U.S. diplomat said.
Meanwhile, the State Department ordered non-emergency personnel to leave Venezuela, but is not closing its embassy in Caracas.
The department said it was ordering the evacuating for security reasons, and that U.S. citizens should “strongly consider” leaving the country.
More sanctions possible
White House officials emphasized that Trump is not ruling out any response, such as a naval blockade or other military action, if Maduro unleashes violence against protesters or takes action against Guaido.
The most immediate action by Washington likely would be enhanced sanctions against members of Maduro’s government.
“In our sanctions, we’ve barely scratched the surface on what actions the United States can take,” said a senior administration official.
Several nations have joined the U.S. in recognizing Guaido as Venezuela’s interim president, including Canada and 11 of the 14 members of the newly formed Lima Group of Latin nations, among them Argentina, Brazil, Chile, Colombia, Costa Rica, Guatemala and Peru.
French President Emmanuel Macron called Venezuela’s elections “illegitimate” in a Tweet on Thursday, and saluted the bravery of Venezuelans demanding freedom.
United Nations Secretary-General Antonio Guterres warned Thursday the situation in Venezuela could descend into “disaster” if the country’s main political rivals fail to reach an agreement.
Speaking Thursday at the World Economic Forum in Davos, Guterres said the U.N. hopes “dialogue can be possible, and that we avoid an escalation that would lead to the kind of conflict that would be a disaster” for the people of Venezuela and the region.
Warnings from Russia, China
But officials in Russia, one of Venezuela’s biggest allies, reacted with anger Thursday at the United States and other Western nations for backing Guaido, accusing them of interfering in its internal affairs. Russia’s Foreign Ministry warned the United States against any military intervention, saying such a move would have “catastrophic” consequences.
China urged the United States to stay out of the crisis. Beijing and Moscow have extensive economic interests, having loaned Caracas billions of dollars.
Bolivia, Cuba, Iran and Syria also have issued statements throwing their support behind Maduro.
The three member nations of the Lima Group that have not supported Guaido are Guyana, Saint Lucia and Mexico.
“From a constitutional, humanitarian, and democratic perspective — and according to international law — there was no option left for the United States and the international community but to recognize Juan Guaido as the interim president of Venezuela,” Moises Rendon, associate director and associate fellow of the CSIS Americas Program, told VOA.
Venezuela and its state-owned oil company, PDVSA, are estimated to owe $7 billion on a combined trade debt of about $60 billion. The country’s oil-based economy, which is wracked by hyperinflation, has collapsed. (VOA)
Talking about her popstar husband and rumours around their marriage, Hailey said: "I think one of the biggest things is you have to know what the truth is behind everything. You know, there's so many narratives that float around about me, about him, about us together." She addressed the rumours point blank as she said: "There's one big fat narrative that goes around that's like, 'Justin is not nice to her, and that he mistreats her', and I'm just like, it's so far from the truth, and it's the complete and utter opposite."
Hailey went on to set the record straight about Justin, who she married in 2018. She said: "I really am lucky to say I'm with someone who is extremely respectful of me, who makes me feel special every single day. So when I see the opposite of that, I'm just like, 'Huh?' And everybody around who knows us personally would say the same thing." (IANS/ MBI)
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A complete work of Tamil epic written by hand on leaves Image source: wikimedia commons
"On the contrary, with listed companies' financial positions improving and an uptick in household investments in the Real Estate sector (called physical savings), the narrative of investment-led recovery is gaining momentum." The report prescribed that various economic participants - households, governments, listed companies, and unlisted corporates -- to increase their fixed asset investments in the immediate future based on their financial position.
"Despite household investments picking up strongly in 2HFY21, given that Indian households bore the maximum brunt of Covid-led losses in CY20 (and CY21), we believe household spending would remain subdued over the next few years." It further pointed out that unless 'HH', 'Unlisted Corporate', and government sectors can improve their financial positions -- leading to a demand uptick -- a strong revival in investments seems challenging. (IANS/ MBI)
Keywords: India, covid, pandemic, growth, household, government, investment