VENEZUELA: Twitter Helps Drivers Outwit Caracas Traffic Jams.

BLOOMBERG/
Caracas motorists, with the world’s cheapest gasoline and more cars than its roads can handle, may be the leaders in using Twitter to avoid traffic. Their forum called Trafico is growing 10% a week. Venezuela’s per-capita use of smart phones even outpaces Europe. “Venezuela has the penetration of smart phones we see in countries like the U.S. and Canada,” says one expert.

Surviving In High Cost Caracas.

GLOBAL POST.COM.
Another take on yesterday's report about the high cost-of living in Venezuela's major city.
"Foreigners can change their currency on the black market, so Caracas is not as expensive a vacation destination as the survey ranking would suggest. But for the middle class and the poor, who have little to no access to foreign currencies, their pockets are hurt each time they step in a supermarket or clothes store."

Inflation Continues Unchecked In Venezuela.

LAHT.

"Official prices set by the government are widely ignored despite repeated raids by inspectors acting on orders from Commerce Minister Eduardo Samán in the interests of protecting the Bolivarian Revolution and the people from “speculators” and the exploitative evils of “neo-liberal” free market capitalism."

Venezuelan Prices Continue Climb.

LAHT.

Consumer prices in Venezuela rose in July by 2.1 percent, up from 1.8 percent in June and 1.9 percent in July last year.

For the year, the rate rose to 26.2 percent compared with July last year.