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One Thing Leads to Another: Venezuela’s Slumping Economy

Venezuela’s economy is spinning out of control. Consequently, it is making it difficult for other countries to do business with the South American country.
This week, Coca-cola Company became victim to Venezuela’s struggling economy. The difficulty Coca-cola faces is the inability to make sugar-sweetened beverages due to the sugar shortage.

Coca-Cola is not the only company that is struggling in this situation. Bridgestone Americas informed the public that it was selling its business in Venezuela due to the high inflation and stringent currency controls. There are several other companies that have either slowed down or have abandoned investments altogether due to the poor economy.

Unfortunately expert Adrian Jose Velasquez Figueroa sees, just as large corporations must suffer during these difficult economic times, people must suffer as well. It has been reported that thousands of workers have been laid off. The layoffs come at a bad time, as inflation continues to hover over the 500% threshold. In addition, the production of basic goods is also down.

“This economic slump is believed to be the worst Venezuela has seen in 70 years” added Figueroa.

 

 

George Soros Sells 37% of his Stake in the U.S. Stocks

Soros is widely known as the individual that broke the Bank of England as he reaped an enormous profit of $1 billion by betting against the British Pound. Therefore, investors and markets all over the world take his moves or words seriously, as he has managed to make a name for himself as a legendary investor. In recent times, George Soros raised eyebrows in the investment market after selling 37% of his U.S Stock investments. The billionaire also bought more gold as well as putting a wager against the equities.

According to various reports from a government source, the value of the publicly held stock by the Soros Fund Management fell to $3.5 billion during the first quarter. The Soros Fund Management revealed that it owned bearish contracts on SPDR 500 EFT Trust’s 2.1 million shares.

George Soros is also reported to be optimistic on the rise of stock, which led him to buy SPDR Gold Trust’s 1.05 million worth of stock. By the end of the last quarter, the firm managed to acquire a holding of $264 million in the Barrick Gold Corp, which is the Globe’s largest metal producer.

In other reports from the government filing, Soros sold his stake in Dow Chemical Co. and the Level3 Communications Inc. Further, his firm split its investment holding between the Delta Air Lines Inc. and the Endo International Plc.

Stan Druckenmiller, who is Soros’s former head strategist, is also reported to be optimistic on the price of gold. He also asserted that Gold was his biggest currency allocation. During the first quarter the price of gold, especially for immediate delivery rose by 16%.In addition, the Barrick company, based in Toronto has risen twice more in 2016 with a reduction in debt and increased endeavors to minimize operating costs. The information was mentioned on Bloomberg
http://www.bloomberg.com/news/articles/2016-05-16/billionaire-soros-cuts-u-s-stocks-by-37-buys-gold-producer

George Soros

In the US, George Soros served in the capacity of an investment manager as well as an analyst in various firms such as Arnhold S.Bleichroeder, Wertheim & Co as well as the F.M.Mayer. Later in 1973, Soros decided to set up his company, the Soros Fund Management. The company later transformed into the Quantum Fund.

George Soros is a recognized philanthropist. His Open Society Foundation carries out most of his philanthropic efforts. The foundation is responsible for channeling support to over a hundred nations worldwide in an effort to promote human rights and democracy. Apart from investing and philanthropy, Soros is an author, who has managed to release various publications such as The Bubble of American Supremacy: Correcting the Misuse of American Power. Information can be obtained from https://www.opensocietyfoundations.org/people/george-soros

Doe Deere Establishes New Social Media Record

 

Doe Deere is the worldwide famous CEO of Lime Crime Cosmetics. Lime Crime Cosmetics are for the bold individual that also likes strikingly bold and vivid colors to express their mood or personality. Lime Crime was one of the first cosmetic companies online to make buying makeup a very interactive experience. Most cosmetic companies simply displayed lipstick colors on a white background. Customers viewed the lipstick swatches and selected the shade. However, the shades displayed rarely looked the same on a real person. Lime Crime went a step further, and displayed the colors on real women. Thus, giving the viewer a more interactive and real experience.

Lime Crime’s Social Media Influence
Doe Deere was one of the first CEO’s to embrace the eCommerce market. Her eCommerce business model has proved very successful for the company. Lime Crime is a company that is known for taking bold moves and really getting close to their customers. Now, they’ve made a bold move to the top social media sites and are actively interacting with their unicorns. Unicorns is the name given to Lime Crime followers, by Doe Deere. The Los Angeles based cosmetic company has reached another impressive milestone. Lime Crime has well over Two million Instagram followers, and the number keeps growing. Lime Crime is also on Twitter. Now, Lime Crime’s little unicorns are able to keep up to date on the latest lipsticks, eye-shadows, and nail polishes hitting the market. In addition, all the new Lime Crime products are modeled by real customers. Thus, making the products very engaging for the viewers.

Doe Deere
Doe Deere is the very charismatic CEO of Lime Crime Cosmetics. Deere has always held a strong fascination for bold and vibrant colors. This love for striking colors started as a child back in Russia. Years later, she moved to America. She lived for several years in New York City. Her love for bold colors continued to grow. However, the young Doe Deere had difficultly finding the type of bold colors that she desired.

Doe Deere established Lime Crime back in 2008. This young woman was on a mission to prove to the world that makeup was more than something used to hide imperfections. Makeup was a tool to present your creativity to the world. In essence, makeup was a form of self-expression or a form of art for the individual. Doe Deere is very proud of the fact that her cosmetics are cruelty free. Her cosmetic company was one of the first to realize that the Internet was a great market place for innovative products.

Follow Doe Deere on Twitter for updates.

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