Venezuela’s economic crisis has led to some shocking and surreal price distortions that hit people’s buying power dramatically. While the government of President Nicolas Maduro calls the country’s minimum wage of Bs. 4,252 the highest in the region when converted to $675 using the official exchange rate, the galloping black market for currency considers it as just $42.50 when converted at the street rate of Bs. 100 per US dollar, the rate which many importers and retail outlets must use to acquire hard currency. Venezuela’s annual inflation rate of more than 63 percent is the highest in the Americas, according to official statistics.
I can’t see Adidas selling many pairs of trainers at these crazy prices.
It’s been another eventful week on planet earth and these are some of the most stunning or thought-provoking images from that week.
Some stunning photos by Yannis Behrakis of the Nordic skies and the Aurora Borealis display.
Some Palestinian youths aged between 13 and 17 years old, train in the devastated area as a personal initiative to develop their skills. Parkour is a physical discipline of movement focused on overcoming obstacles.
Good on those kids for not letting their predicament get them down.
The Solar Impulse 2 aircraft, which was unveiled April 9, weighs 2.4 tons with a wingspan of 72 meters (236 ft.) and has more than 17,000 solar cells. It will attempt to fly around the world in stages using only solar energy from March 2015 starting from Abu Dhabi.
Hong Kong democracy protesters defied volleys of tear gas and police baton charges to stand firm in the centre of the global financial hub on Monday, one of the biggest political challenges for China since the Tiananmen Square crackdown 25 years ago. The Communist government in Beijing made clear it would not tolerate dissent, and warned against any foreign interference as thousands of protesters massed for a fourth night in the free-wheeling, capitalist city of more than 7 million people.
The protester want elections with candidates from all walks of political life and not just a choice of pre-approved by the Communist party candidates.
The Ryder Cup is golf’s most prestigious team event and is held every two years. It is contested by a team of American golfers and a team of European golfers.
There are a total of 28 points up for grabs, so 14.5 points are needed to win the Ryder Cup (14 if you are the current holder)
This past weekend the competition was held at the world famous Gleneagles course in Scotland and Team Europe beat the USA by 16.5 points to 11.5 points.
Anotehr selection filled with protest, disaster and war.
Will we ever learn?
The Japanese volcano Mount Ontake erupted unexpectedly on Saturday.
Mount Ontake is a popular destination for climbers and hundreds were on the mountain sides when the eruption took pace. The eruption left groups of climbers scrambling for cover, but it is feared up to 36 people may have been killed by falling debris and ash.
Rescue effort have been halted because of fears of rising levels of toxic gases.
After we posted a series of photographs featuring Mauritania, we received an email from Michal Huniewicz.
If we would be interested in featuring some of his photographs taken during his journey through Mauritania.
Of course we would.
in the picture
from the archives
- The Gauchos Of South America
- The UK Riots Update
- In The Picture: Michael Paul Smith
- 50 Amazing Animal Pix
- October 2014
- September 2014
- August 2014
- July 2014
- June 2014
- May 2014
- April 2014
- March 2014
- February 2014
- January 2014
- December 2013
- November 2013