"When oil prices started to drop then there was no money to import products," said Alejandro Velasco, a professor of New York University who specializes in Venezuelan political issues, in an interview on the phone. "As as a result that there was not enough money for the country's economy."
Venezuela's bank accounts were empty after it spent the most recent oil wealth on social services , including subsidized healthcare, food and literacy programs. Chavez was also known to have removed perceived dissenters from the oil industry after an attempted military coup, affecting production.
and widespread corruption in the government also harmed the economy, according to Paul Angelo, a fellow at the Council for Foreign Relations who specializes in Latin American politics.
Runescape developer Jagex has put an end with Runelite HD, a fan-made HD mod of the popular software that is open source for Old School Runescape, just at the time the project was scheduled to go live on Monday. The decision was made at the eleventh hour, and has some Runescape fans decrying Jagex's decision and saying they'll go to other MMOs.
Runelite HD creator "117" posted on Reddit Tuesday to share the message he received from Jagex the company. The information was confirmed by Jagex in their own blog post. Runelite HD operates as a plugin that could provide an important visual overhaul the basic Runescape that can be seen by 117's Twitter. The modder added that they've logged around 2500 hours in the past two years working on Runelite HD.
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