LA Times News

LA Times News


Tehran calm but Iran merchants fear more currency turmoil

Posted: 07 Oct 2012 05:32 PM PDT

Authorities keep a lid on protests, but analysts warn of hyperinflation, which could have dire consequences for consumers and the government.

TEHRAN — The black-market money changers are lying low these days here in Iran's capital, feeling the heat of a government that has singled them out for much of the blame in the free fall of the national currency, the rial.

Venezuela on edge as election arrives

Posted: 07 Oct 2012 12:00 AM PDT

On the eve of a presidential election expected to be close, Venezuelans are stocking up on household staples, anxious that chaos might ensue if President Hugo Chavez loses.

CARACAS, Venezuela — Jesus Ramirez is taking no chances. He and his wife bought several pounds of fish and beef at the Mercal state-run grocery store in Caracas' Trinidad barrio the day before Sunday's presidential voting, just in case postelection chaos descends on the country.