Venezuela's largest private firm Polar halts pasta production

[Bacchus4.0]

http://www.reuters.com/article/2014/04/29/us-venezuela-economy-idUSBREA3S14820140429

Reuters) - Venezuela's largest private company, Empresas Polar, said on Tuesday it was halting production of pasta due to delays in foreign currency allocations from the government.

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"The Polar Food plant in Maracaibo, which makes the pasta brands Primor and Gran Senora, is obliged to temporarily suspend operations due to a delay in currency payments," said Polar.

Companies pay local bolivars to state currency board Cencoex, formerly known as Cadivi, to receive U.S. dollars for imports. Polar said it needed to import wheat for pasta, a basic staple in Venezuela.

"Operations stopped this Sunday April 27th, after our stocks of wheat loaned from other companies ran out," the company added, without saying how much it was owed in dollars.

[COLGATE4]

1. Damn that CIA. Leaving the Venezuelans

without pasta!!! Is nothing sacred???

[Bacchus4.0]

3. Polar is the too big to fail company in Venezuela. The goverment won't expropriate it

since they would be responsible if it failed, and it would

[MADem]

2. What is wrong with Nicky? He increases the minimum wage thirty percent, which will

only halfway accommodate a sixty percent inflation rate...and he's not giving the food producers the wherewithal to do their damn jobs. I mean, what does he expect them to do--crap the wheat? VZ sure isn't GROWING any! And what are the people to do with their wage rise? Eat that? They sure can't buy pasta with it!

Nicky has the power to rule by decree. He's had it for six months and he'll have it for six more, and he has fucked it up royally. All the mess that has happened in the past year is HIS fault.

Diosdado is probably grinning and rubbing his hands together with glee...

[Bacchus4.0]

4. and its the government that won't convert the Bs to dollars for importers to actually import

I am sure the importers would be more than happy to get their hands on the wheat and sell it to make money. The shortages are the government's fault.

[MADem]

5. This is what happens when you put a transportation worker in absolute charge of a nation's economy.

I'll bet Diosdado Cabello's palms are quite warm; surely he's rubbing his hands together with glee!

Of course, he'd only step in to offer leadership "for the good of the country" and "in honor of his dearest friend Commandante Hugo...."--I can hear the insincerity already!

[Bacchus4.0]

6. he'll have to battle the Cubans for control I imagine n/t

[MADem]

7. I think the Cubans are pulling his strings.

While someone is apparently cutting 'em!

Pity he grabbed the wrong flag in the first video...!