A shortage of beer and Coke is the least of concerns in Venezuela, where residents are facing hunger, drought, power shortages, and the world's highest inflation rate at 480% amid a worsening economic crisis brought about by plummeting oil prices. The latest:
- The New York Times explains 87% of the population can't afford to buy food. It's no surprise, then, that more than 100 food stores were looted last week alone, per Quartz. At least five people were killed.
- ABC News provides the basics on how the nation got to this point.
- "We're living worse than in a war situation," a woman in Caracas tells the CBC, adding people wait hours in line at supermarkets for a loaf of bread and go without soap and toothpaste.