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There is currently a shortage of eggs throughout Venezuela, with people waiting in line for at least an hour to buy them. The IMF said inflation would more than double in the economically struggling South American country in 2016. (Associated Press)

Crumbling economy in Venezuela puts Nicolas Maduro’s socialist regime in peril

The late Hugo Chavez kept his “Bolivarian Revolution” alive by picking fights — mostly with the United States and Venezuela’s traditional elites — while sailing on a sea of oil. But with energy prices plummeting and the economy cratering, Venezuelans aren’t buying the old formula anymore under Chavez’s handpicked successor.

In another blow to the Obama administration's regulatory agenda, the U.S. Supreme Court halted the EPA's regulations limiting carbon emissions. (Associated Press)

Supreme Court halts Obama carbon emissions rule

- The Washington Times

The Supreme Court halted the EPA’s major anti-global warming initiative late Tuesday evening, dealing a major blow to President Obama’s hopes of overseeing a green energy transition in his final year in office.

Swiss Police walk outside the congress center on the eve of the opening of the Annual Meeting of the World Economic Forum, WEF, in Davos, Switzerland, Tuesday, Jan. 19, 2016. (Jean-Christophe Bott/Keystone via AP)

Anxiety in the air as Davos World Economic Forum kicks off

- Associated Press

A prevailing sense of anxiety was in the air in the Swiss ski resort of Davos as the World Economic Forum kicked off Wednesday with delegates fretting about the turbulence in financial markets, slowdown in China and plunging oil prices.

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