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Bloomberg is out with the breaking news, citing that Venezuela’s Nicolas Maduro wins the presidential election for another six-year term. The victory hands him sole ownership of the nation’s crushing financial and economic crisis.

“The economy has deteriorated to the point that electricity and running waters are luxuries and malnutrition is rampant. Neighbor countries and international aid agencies are struggling to care for thousands of Venezuelans who have fled the nation,” Bloomberg News adds.