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30.06.26 - 01:36
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Venezuelan Housing Projects Collapsed "Like Sandcastles" As Twin Quakes Expose Socialist Rot (ZeroHedge)
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Venezuelan Housing Projects Collapsed "Like Sandcastles" As Twin Quakes Expose Socialist Rot
Spanish daily newspaper ABC.es reports that some of the worst quake damage in Venezuela is concentrated in Caraballeda and Catia La Mar, where high-rise towers built under the Great Housing Mission Venezuela, or Gran Misión Vivienda Venezuela (GMVV), were reduced to rubble.
The Chávez-era socialist housing program is now facing scrutiny after the outlet noted, "The explanation given by engineers and construction specialists is that low-quality materials were used in the Chavista Housing Mission, without supervision and without applying anti-seismic standards."
GMVV was later expanded by the socialist Maduro regime without regard for the quality of building materials or anti-seismic standards, leaving only a handful of the 193 buildings in one housing complex in quake-ravaged Catia La Mar standing.
The devastating earthquakes in Venezuela exposed exactly how the socialist gover...
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29.06.26 - 15:24
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UK Mortgage Approvals Lowest Since Late 2023 (AFX)
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LONDON (dpa-AFX) - UK mortgage approvals fell to the lowest since late 2023 in May, the Bank of England said Monday.The number of loans approved for house purchases decreased to 56,205 from 66,034......
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