Drink in the Socialism!
Via Bloomberg:
Venezuela’s government announced the start of electricity rationing in western Zulia state as well as water rationing in Caracas to reduce demand on the power grid, a day after Ford Motor Co. (F) halted production in Latin America’s largest oil exporter.
The second-largest U.S. automaker joins competitor Toyota Motor Corp. (7203) and Dutch truck-maker CNH Industrial NV (CNHI) in suspending assembly in the South American country because of the difficulty of obtaining dollars to import parts from the government.
Shortages of everything from water to car parts and flour to pregnancy tests come after three months of protests against the government of President Nicolas Maduro that have left at least 41 people dead. The government yesterday said it will start rationing electricity and water as drought drains hydroelectric reservoirs and water tanks.