by Jose Aguiar


CARACAS yeezy boost 350 moonrock online , Sept. 7 (Xinhua) -- Venezuela is getting ready to hold gubernatorial elections scheduled for October amid an economic crisis further aggravated by U.S. sanctions.


The elections were originally scheduled for December 2016, but postponed until December of this year owing to Venezuela's protracted political crisis.


The ruling socialist party, the United Socialist Party (PSUV), will take part in these elections following the successful election of the National Constituent Assembly (ANC) in the July 30 poll, which drew more than 8 million voters.


But crushing sanctions and continuing shortages of basic needs yeezy boost 350 turtle dove for sale , including food and medicine, make the results of the upcoming elections unpredictable.


According to sociologist Miguel Contreras, the ANC, a powerful, though temporary legislative body charged with drafting a new constitution yeezy boost 350 pirate black for sale , decided to move ahead the regional vote after detecting a certain weakness in the coalition of right-wing opposition parties, known by its Spanish acronym MUD.


Contreras, who teaches at the Central University of Venezuela (UCV), believed the ANC saw an opportunity in "the fracture of the opposition" and the "climate of political legitimacy" that it lent to the government.


However, the decision to hold elections earlier may be premature yeezy boost 350 v2 for sale , he added.


The ANC should first "build economic mechanisms or marshal the country's economic powers, in keeping with a work plan, to try and place the country on a path to recovery, before heading to the polls," said Contreras.


Far from seeing an economic improvement since the end of July yeezy boost 350 womens for sale , the inflation rate has skyrocketed, registering "the highest (rate) of the past three years," said the academic.


The International Monetary Fund has forecast that the inflation rate in Venezuela could reach 720 percent this year.


"It is necessary to make macroeconomic decisions, and so far there have been no discussions of aspects of the macro economy there (at the ANC) to provide confidence to (domestic) investors," he said.


That would be an essential step if Venezuela wants to reduce its reliance on oil exports and diversify its productive sector yeezy boost 350 for sale , as the government intends, said Contreras.


Oil exports account for 96 percent of the country's foreign reserves.


The United States imposed new sanctions on Venezuela on Aug. 25, including restrictions on the trading of Venezuelan bonds on American financial markets.


The sanctions, which came after the Venezuelan government swore in the ANC, has put the supply of oil to the United States at risk www.yeezyboostforsale.com , said the Venezuelan foreign ministry on Wednesday.


In 2016, the United States imported an average of 741,000 barrels of oil per day from Venezuela, according to official figures.


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WASHINGTON, Sept. 5 (Xinhua) -- U.S. Federal Reserve governor Lael Brainard on Tuesday called for more gradual rate hikes in response to the recent low readings of inflation.


"I am concerned that the recent low readings for inflation may be driven by depressed underlying inflation cheap yeezys for sale , which would imply a more persistent shortfall in inflation from our objective," Brainard said in remarks to the Economic Club of New York.


"In that case, it would be prudent to raise the federal funds rate more gradually," she said.


Brainard noted that U.S. inflation has been stubbornly below the central bank's target of 2 percent for five years, and both overall and core inflation were only 1.4 percent for the year through July.


"My own view is that we should be cautious about tightening policy further until we are confident inflation is on track to achieve our target cheap adidas yeezy boost ," she argued.


Fed officials were divided over the pace of rate hikes amid sustained low inflation, according to the minutes of Fed's July policy meeting released last month. The Fed will hold its next policy meeting on Sept. 19-20.


In June, the central bank raised the benchmark interest rates for the fourth time since December 2015 and unveiled a plan to trim its massive holdings of U.S. Treasury bonds and other mortgage-backed securities later this year.


Most economists expect the Fed to begin shrinking its balance sheet in September, with a further rate hike in December, according to the latest survey conducted by the Wall Street Journal.




WELLINGTON， March 6 (Xinhua) -- New Zealand's top military officer left for Timor-Leste Monday in a show of support for the young Pacific nation's security.


The Chief of Defence Force， Lieutenant General Tim Keating， said he would hold talks with Commander of the Timor-Leste Defence Force Major General Lere Anan Timur， Prime Minister Dr Rui Maria de Araujo and President Taur Matan Ruak.


"This is a good opportunity to discuss issues of mutual interest and reaffirm New Zealand's commitment to Timor-Leste's security and prosperity，" Keating said in a statement.


"New Zealand has a long history of defence cooperation with Timor-Leste， and a considerable number of current and former NZDF (New Zealand Defence Force) personnel were deployed to the country in various rotations to help ensure stability after the independence referendum from Indonesia in 1999，" he said.


"The NZDF continues to maintain a small presence in Timor-Leste， with two personnel currently deployed as part of the Mutual Assistance Program， providing logistics training a. Cheap Rockets Jerseys Cheap Detroit Pistons Jerseys Wholesale Pacers Jerseys Wholesale Nuggets Jerseys Wholesale Nets Jerseys Wholesale Mavericks Jerseys Wholesale Hornets Jerseys Wholesale Hawks Jerseys Wholesale Memphis Grizzlies Jerseys Wholesale Los Angeles Clippers Jerseys