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Caracas Gets Creative in Bolstering Economy as Officials Look to Offer Shares of Banco de Venezuela_我的网站

一 |     The United Auto Workers union has once again escalated its strikes against big Detroit automakers, this time adding a factory that makes Ram pickup trucks for Stellantis.The union says that 6,800 members walked out Monday morning and shut down the Sterling Heights, Michigan, Assembly Plant, a huge profit center for the company.The newest strike action comes just three days after union President Shawn Fain reported progress in talks with General Motors and Stellantis but said the companies will have to make better offers. No progress was reported with Ford, which last week said it had the best offer of the three.The union went on strike Sept. 15 at one assembly plant from each company. About 40,800 workers are now on strike against all three automakers. The strikes, now in their sixth week, cover seven assembly plants and 38 parts warehouses. About 28% of the union's work force at the three company's are now on strike.General Motors, which increased its offer last week, and Ford were spared in the latest escalation. At first the union avoided striking at pickup and large SUV plants, which at all three produce vehicles that make the most money for the companies. But that changed two weeks ago when the UAW took out a giant Ford heavy-duty pickup and SUV plant in Louisville, Kentucky. In its statement, the union said that offers from Stellantis, formed in the 2021 merger of Fiat Chrysler and France's PSA Groupe, lag Ford and GM despite the automaker having the most revenue and highest profits of the three.Stellantis has the worst offer on cost of living raises, how fast workers move to the top of the pay scale, temporary worker pay, converting temps to full time, and other issues, the union said.By taking down the Stellantis factory, the union is signaling Ford and GM to improve their offers, Wedbush analyst Dan Ives said. Last week it appeared a deal might be in the works, but Fain said Friday that the companies will need to pay more.“It takes a potential deal that appeared on the table -- at least for now -- off of it,” Ives said, predicting the the union will announce new strike locations later this week. "There could be some tough talks ahead,” Ives said.On Friday, Fain said Stellantis and GM have made wage offers that matched Ford’s 23% over the life of a four year contract. But, speaking in his characteristic sharp tones, the union president insisted that the companies can go further.“We’ve got cards left to play, and they’ve got money left to spend,” Fain said.While Fain said the companies keep touting that they’ve made record offers to the UAW, he said they’re insufficient to make up for how much ground workers have lost during the past two decades. Each time the automakers make an offer, Fain said, they insist it’s the best they can do, only to return days later with a better offer.“What that should tell you,” Fain said, is that “there’s room to move.”。    The government of Venezuela is set to offer stakes in the state-owned Banco de Venezuela and telecom service provider CANTV in the coming weeks, it’s being reported.,Announcing the Banco de Venezuela public offering at a news conference in June, Vice President Delcy Rodriguez said the move would “give impetus to the national stock market” and “open the doors” of the enterprises “to national and international investors in local currency or foreign currency.”,“I think an important time has come for the Venezuelan Stock Market,” she said, stressing that while Venezuelans are “taking the first step with the Bank of Venezuela… the telecommunications company CANTV is coming soon.”,The public offering is the latest in a series of moves by authorities in the Caribbean nation to correct the course of their ailing economy. In late July, Venezuelan President Nicolas Maduro signed a law designating a number of Special Economic Zones in the country, with an eye towards ultimately transcending “the oil rentier model.”,Venezuela has been plagued for years by shortages, extreme inflation, and other serious issues caused in large part by Washington’s unilateral sanctions regime aimed at crippling the country’s economy.,To make matters worse, last week, the British Supreme Court ruled that approximately $2 billion in Venezuelan gold that’s currently being held in the Bank of England belongs to opposition leader Juan Guaido, rather than the elected government.,Maduro’s administration has indicated it will appeal the decision, but it seems unlikely that authorities in Caracas will prevail, especially given the UK’s extensive history of plotting against the Venezuelan government.,While intermittent power outages continue to interfere with oil exports, there are growing signs that Venezuela may have finally turned the corner financially and could soon stand on its own feet once again. Earlier this year, the United Nations Economic Commission for Latin America and the Caribbean forecast that the economy will grow by 5.0% this year – the highest in all of South America.,The normalization of ties with Colombia’s incoming Gustavo Petro administration will also provide ample opportunities for increased income and reduced military expenditures. Business groups on both sides of the Colombia-Venezuela border say its planned reopening – which could come as soon as this week – should provide around $1.2 billion in trade by the end of the year.。

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