increase

House Democrats increase scrutiny of Paramount merger

David Ellison, Paramount CEO, arrives on the red carpet in 2025 for the Kennedy Center Honors at the Kennedy Center in Washington D.C. House Democrats, led by Rep. Jamie Raskin, D-Md., are escalating scrutiny of Ellison’s planned Paramount Skydance acquisition of Warner Bros. Discovery. File Photo by Bonnie Cash/UPI | License Photo

Aug. 12 (UPI) — Democrats in the U.S. House of Representatives are escalating their criticism of Paramount Skydance’s attempt to acquire Warner Bros. Discovery, with one lawmaker accusing the Paramount CEO of “colluding” with President Donald Trump and his administration.

Rep. Jamie Raskin, D-Md., the top Democrat on the House Judiciary Committee, sent Paramount CEO David Ellison, a letter Wednesday, inviting him for an interview to “answer the committee’s questions about your Donald Trump-enabled shopping spree to consolidate news organizations, movie studios, cable channels and streaming stations.”

Raskin opened his letter referring to a New York Times opinion piece by Ellison in which the CEO defended the deal and said he would stay silent “no more.”

“This is great news,” Raskin wrote. “Over the past 12 months, I have sent you four letters. You have responded to none of them.”

“I have repeatedly sought answers from you about the Paramount Skydance merger and your planned acquisition of Warner Bros.Discovery in light of troubling reports that your company is colluding with President Trump and his administration to curtail media independence, spread political censorship and suppress dissent.”

Raskin also wrote that he’s sought answers about alleged political interference in CBS News reporting and that he has “significant concerns” that the acquisition would “dangerously” consolidate power in a single conglomerate.

Paramount had not commented on the letter Wednesday afternoon. However, Makan Delrahim, during a summit this week hosted by Politico, said the company is “transparent” and responsive to lawmakers’ concerns.

As of now, Raskin cannot require Ellison’s cooperation. However, if Democrats win control of the House in the upcoming midterm elections, Raskin — who is expected to become committee chairman — could subpoena Ellison.

Raskin previously told Politico that he plans to increase oversight of the merger and that “anyone involved should be prepared to answer under oath for their roll in this brazen campaign to bend America’s free press to Donald Trump’s political, financial and personal will.”

In 2025, Paramount paid $16 million to settle a lawsuit (which many called “meritless”) brought by Trump, and Democrats have said the money could be considered a bribe to allow the Paramount-Skydance merger, which was approved shortly afterward.

However, the merger has been postponed because of an antitrust lawsuit brought by attorneys general of 12 states and the Writers Guild America. A trial is set for March.

Members of the National Guard patrol near the Washington Monument on Tuesday. Photo by Bonnie Cash/UPI | License Photo

Source link

Furious Lord Sugar hits out as he’s denied credit card limit increase despite being a multi-millionaire

LORD Alan Sugar has publicly hit out at a credit card company for allegedly refusing to increase his spend limit.

It comes despite the businessman’s reported £1.138 billion net worth and his reputation as a entrepreneurial tycoon.

The Apprentice
Lord Alan Sugar has hit out at his credit card company for allegedly refusing to increase his spending limit Credit: PA
Lord Alan Sugar Addresses The Cambridge Union
It comes despite his reported net worth of over one billion pounds Credit: Getty

Taking to his X account on Monday, the billionaire – who has no qualms about speaking his mind – slammed card issuer American Express as he claimed they haven’t allowed him to borrow more money on his credit card.

He wrote: “I spent a hour on the phone with American Express. I was passed to 4 different people.”

“I was asking for an increase in my credit limit.

“Finally I got to speak to a person in the UK at Brighton who knew who I was and my financial status. However my request was refused due to their system.”

HAPPY COUPLE

Olympian and CBB star marries TikTok influencer in romantic Denmark wedding


NIP-YUCK

Moment Olivia Attwood shakes & walks out of filming over star’s graphic surgery

In the replies, several users were confused as to why Lord Sugar – who fronts BBC show The Apprentice – would need more money on his credit card.

One wrote: “I’m not sure why anyone worth a billion pounds needs a credit card”.

Another joked: “I have a spare 20 quid I can lend you if you’re struggling to see the month out? Just let me know.”

Responding to users questioning him, Lord Sugar explained he needs a credit card ‘to buy things’ as he ‘doesn’t carry bags of cash’.

He wrote in one response: “DO PRACTICE BEING AN IDIOT. I DON’T WALK AROUND WITH BAGS FULL OF CASH. I NEED A CREDIT CARD TO BUY THINGS .”

“I AM NOT MOANING JUST EXPOSING WHAT A BUNCH OF IDIOTS AMEX ARE,” he said in another tweet.

The Sun has reached out to American Express for comment.

The famous businessman began building his fortune by founding consumer electronics company Amstrad.

He now has a portfolio of companies under his umbrella, as well as his booming TV career on the BBC.

Source link

Newsom boasts of California’s upcoming minimum wage increase, criticizes Trump for ignoring workers

California’s statewide minimum wage is set to rise next year.

Starting on Jan. 1, 2027, the statewide minimum wage will rise to $17.40 an hour, an increase Gov. Gavin Newsom boasted about on Friday.

Newsom — who has been eyeing a 2028 presidential run — said in a statement that California’s fiscal policies helped turn the state into “one of the strongest economies in the world” while the Trump administration and the Republican-led Congress fail to address “everyday cost pressures for working families.” The federal minimum wage has remained at $7.25 per hour since 2009.

“For years, Donald Trump and Republicans have blocked efforts to raise the federal minimum wage while handing tax breaks to billionaires and big corporations,” Newsom said. “California has chosen a different path — one that rewards work, grows the economy, and puts working families first.”

Not everyone agreed. Republican gubernatorial candidate Steve Hilton took to social media on Friday to decry the minimum wage increase as an “attack on workers” that will “crush small businesses.”

The current minimum wage in California for all employers is $16.90 an hour, though some workers must be paid more to comply with city and county rules and other state laws.

California’s minimum wage automatically increases each year to keep pace with inflation. The current system was established in 2016, when then-Gov. Jerry Brown signed into law a first-in-the-nation plan to gradually boost the state’s hourly minimum wage to $15 an hour, then adjust the wage annually based on inflation starting in 2024.

“This is about economic justice, it’s about people,” Brown said during the bill signing.

The specific amount of the minimum wage increase is tied to inflation — as measured by the federal consumer price index — and capped at 3.5%, according to state law. The state director of finance is responsible for calculating the adjusted minimum wage on or before Aug. 1 each year.

California has the highest minimum wage out of all 50 states, according to the governor’s office. (Only Washington, D.C.’s, minimum wage ranks higher, at $18.40.)

The state in 2024 raised minimum wage for fast-food workers to $20 an hour. The fast-food wage requirement applies to chains with more than 60 locations nationwide.

Researchers have been split on the economic impacts of the pay increase for fast-food workers, which chains like Pizza Hut and Cinnabon have fought. (Earlier this year, a major Carl’s Jr. franchisee cited the $20 fast-food minimum wage when he applied for bankruptcy protection.)

California also has higher minimum wages for healthcare workers at large facilities as a result of a union-backed bill Newsom signed in 2023. Under the legislation, many healthcare workers’ minimum wages in July rose from $24 an hour to $25 an hour.

Some cities in California, including Emeryville and West Hollywood, have opted to impose even higher city minimum wages exceeding $20 per hour.

Most states have minimum wages above the federal minimum. Five Republican-led states — Alabama, Louisiana, Mississippi, South Carolina and Tennessee — do not have an independent state minimum wage and default to the federal minimum.

While a 2019 Pew Research Center poll found that two-thirds of Americans support raising the federal minimum wage to $15 an hour, a deep partisan split over the issue remains.

Source link

CenterPoint outlines $1.2B capital plan increase with 14 GW of expected ERCOT Batch Zero eligible projects (NYSE:CNP)

Earnings Call Insights: CenterPoint Energy (CNP) Q2 2026

Management View

  • Jason Wells (President, CEO & Chairman) said the company “reported non-GAAP EPS of $0.40 for the second quarter of 2026” and is “reiterating our full year 2026 non-GAAP EPS guidance range of $1.89 to $1.91,” while keeping long-term growth expectations at “the mid- to

Seeking Alpha’s Disclaimer: This article was automatically generated by an AI tool based on content available on the Seeking Alpha website, and has not been curated or reviewed by humans. Due to inherent limitations in using AI-based tools, the accuracy, completeness, or timeliness of such articles cannot be guaranteed. This article is intended for informational purposes only. Seeking Alpha does not take account of your objectives or your financial situation and does not offer any personalized investment advice. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank.

Source link

Why TV viewers had a love affair with the World Cup

Coverage of the 2026 FIFA World Cup on Fox and Telemundo became the ratings smash of the summer.

Fox TV executives knew their telecast of Sunday’s 2026 FIFA World Cup Final would be big.

But bigger than every NFL game outside of the Super Bowl, the perennial ratings blockbuster, was not on their radar.

“I have to admit that I didn’t see it coming, that we and Telemundo would combine for almost 65 million viewers for the final,” Mike Mulvihill, executive vice president and head of strategy and analytics for Fox Sports. “That’s beyond what we could have hoped for.”

Spain’s World Cup victory over Argentina by a 1-0 score attracted the largest audience for any sports telecast outside of the Super Bowl since the 1994 Winter Olympics when Nancy Kerrigan and Tonya Harding competed in the women’s figure skating short program.

The 38.9 million viewers who tuned in on Fox was enough to make the final the most-watched soccer telecast in history. Telemundo’s coverage set the record for a Spanish language soccer telecast with 23.9 million viewers.

It capped a month of massive viewing for the quadrennial tournament. In the United States,128.4 million people watched some portion of the World Cup across Fox’s broadcast network, its cable outlet FS1 and streaming platform Tubi. The 104 matches averaged a record high 7.7 million viewers, a 116% increase over the 2022 World Cup in Qatar.

Spanish language coverage on NBCUniversal’s Telemundo and the Peacock streaming platform combined to average 6.3 million viewers across the 104 matches, up 143% over the 2022 tournament.

Ad revenues for the tournament topped $1.2 billion, according to data from Guideline, which tracks media spending.

Having the tournament in the U.S. with games airing in daytime and prime time helped. Mulvihill noted the tournament came up at a fortunate time on the sports viewing calendar. The NBA Finals were over and Major League Baseball’s post-season and the NFL season are months away.

But even with that soft competition for sports fans’ attention, the World Cup demonstrated an ability to bring in viewers who don’t follow the sport. Fox data showed 53% of viewers who tuned into its coverage had not watched any soccer in the past year. The network’s research found that a majority of U.S. sports fans could name only two stars, Cristiano Ronaldo and Lionel Messi, and their home countries.

What brought the audience in? Mulvihill credits social media, which tends to be an angry place during big sporting events. The lead up to the World Cup was no different, but the doom and gloom went away once the action began.

“There was a lot of negativity around this tournament on social as there always is about everything related to the cost of tickets and related to challenges that foreign visitors might face coming to the U.S.,” Mulvihill noted. “As soon as the ball was kicked, and the matches were in progress, that just completely pivoted to overwhelming positivity.”

Patrick Rishe, director of the sports business program at Washington University in St. Louis, said the global reach of social media made the international stars accessible to U.S. fans and created a “fear of missing out” effect that likely drove them to watch.

“There is a communal aspect of soccer, in particular, where you can be in a room with people wearing 10 different colored jerseys, and they all just kind of get into the camaraderie of it, and the highs and lows of it, and the drama of it,” Rishe said. “So even if you don’t have rooting interests, it’s just fun to be a part of it.”

The appeal of communal viewing showed up in the Nielsen data. Out-of-home viewing accounted for 27% of the audience. For Sunday’s final, the figure was 35%

People were having viewing parties or gatherings at home as well. An average of 1.955 viewers per home watched the World Cup. The figure for last year’s regular season NFL games was 1.685 viewers.

The question going forward is whether the World Cup will spur more interest in soccer in the U.S. Major League Soccer has reportedly seen significant increases in ticket sales. The league, which has most of its matches on Apple TV, launched an ad campaign with the tagline, “Thanks World, We’ll Take It From Here.”

Versant acquired the rights to carry 300 Bundesliga matches. The company’s USA Network will carry at least 30 matches from the German domestic league, with the rest streaming on the company’s free Fandango platform. The league was previously available on ESPN’s streaming service, which required a subscription.

Telemundo acquired the Spanish-language TV rights to the Union of European Football Assns. men’s club competitions, including the Champions League.

Fox paid $485 million for the rights to the 2026 World Cup, while Telemundo shelled out $600 million for the Spanish-language telecasts.

But the real prize is the rights for the 2030 World Cup, which both TV networks and streamers are expected to vigorously pursue, even though the time zones will not be as hospitable to the U.S. (The host countries are Morocco, Portugal, and Spain.)

During a recent appearance at the CNBC Sport x Boardroom Game Plan Summit in New York, ESPN Chairman Jimmy Pitaro made it clear where he stands.

“Of course we’re interested,” Pitaro said. “This has been a juggernaut. We’re not at all surprised by it.”

Source link

Supreme Court justices tell Congress more must be spent on security

Supreme Court Justice Amy Coney Barrett told lawmakers Tuesday that a sharp increase in threats targeting her and other justices is increasingly encroaching on their personal and family lives.

During a rare appearance by justices before Congress, Barrett said she had to wear a bulletproof vest home a few years ago, something she struggled to explain to her 12-year-old son.

“I didn’t expect that performing this service would put me in the position of explaining to my children what a bulletproof vest was, why I had to wear one,” she said.

She and Justice Elena Kagan testified before a House appropriations panel in support of a request to increase security funding for members of the nation’s highest court.

Judges around the country have seen a rise in threats of violence and intimidation. Barrett’s home was also targeted by a swatting call to police in May.

The hearing comes two weeks after the conservative-majority court finished handing down a series of major opinions, including a decision that increased President Trump’s power over federal regulatory agencies and another that rejected his wide-ranging tariffs, sparking harsh personal criticism.

It’s the first time justices have testified before Congress since 2019, and the two justices are facing wide-ranging questions about the court’s work.

Security is central to the Supreme Court’s budget request

The Supreme Court requested a total of $228 million for next fiscal year, a roughly 10% increase over the year before. About $18 million of that is for maintaining the building and grounds.

Much of the requested increase, $14.6 million, would go to expanding personal protection for justices, with six more agents for each.

An additional $2 million would fund an off-site residential security post aimed at making emergency responses faster, as well as increasing the number of Supreme Court police officers.

The U.S. Marshals Service, responsible for protecting judges, reported 564 threats in the government fiscal year that ended in September, an increase from the year before.

That total includes threats to the hundreds of federal judges around the country, though the nine-member Supreme Court has not been immune.

In May, Barrett’s security detail worked with police to quickly deal with the swatting incident, a fake 911 call designed to provoke a police response. Last year, her sister was the victim of a bomb threat in Charleston, S.C., police said. No bomb was found.

In 2022, shortly after the leak of a draft opinion overturning the Roe vs. Wade abortion decision, a would-be assassin was arrested near the home of Justice Brett M. Kavanaugh with weapons and zip ties. Threats to the Supreme Court increased after that leak and have continued to grow, Kagan said.

Chief Justice John G. Roberts Jr. has condemned the threats to all U.S. judges, saying during a speech in March that criticism of judicial opinions is understandable, but personally directed hostility is “dangerous, and it’s got to stop.”

Whitehurst writes for the Associated Press.

Source link

World Cup 2026: Concerning increase in racist social media posts

More than 100 examples passed the legal thresholds for preparing case files to enforce action.

While detection methods have improved, the SMPS said the “data trends show a concerning direction of travel in terms of racially aggravated abuse”.

The Netherlands players who missed penalties in the last-32 shootout defeat to Morocco on Monday all suffered racist abuse.

Justin Kluivert, Quinten Timber and Crysencio Summerville were subjected to discriminatory, racist and hateful comments on social media, said the Royal Dutch Football Association (KNVB).

More than six million posts and comments were scanned – an increase of 33% – with 225,000 identified for human review.

Around 1,000 accounts were identified for further investigation and 181,000 hateful comments hidden.

Source link

L.A. property owners reject $80 million streetlight funding increase

Los Angeles property owners voted against an increase in an assessment for maintaining streetlights that would have collected an additional $80 million a year, as the city faces a backlog of broken streetlights due to stagnant funding and a rise in vandalism.

The assessment has not changed since 1996. Property owners had until June 2 to submit their votes, which were weighted by the amount of their parcel’s proposed assessment. According to results released Thursday, nearly 80% of the weighted vote went against raising the assessment, which currently generates about $45 million a year.

For the average single-family home, which make up the majority of parcels, the current payment is $58 annually, or about $5 a month, according to Miguel Sangalang, executive director and general manager of the Bureau of Street Lighting. The increase would have brought the average annual bill to $117, or about $10 a month.

The proposed increase would have brought the total amount collected by the assessment to $125 million a year.

In a joint statement Thursday, Mayor Karen Bass, Council President Marqueece Harris-Dawson and City Councilmembers Eunisses Hernandez and Katy Yaroslavsky said that despite the result, the “critical work will continue” to address the broken streetlights that have plunged neighborhoods into darkness across the city.

“Despite this outcome, the City remains committed to improving streetlight reliability, repairing outages faster, and building a sustainable funding path for streetlight operations and maintenance,” the group statement said. “Every Angeleno deserves to feel safe walking their dogs, returning home from work, and parking their cars at night, and the City is committed to delivering the reliable street lighting that makes that a reality.”

The Bureau of Street Lighting owns and operates nearly 225,000 streetlights across the city, which have historically been covered by the assessment. The average repair time for a streetlight was one year, bureau officials said in February.

Without more revenue from the assessment, city officials have been looking for alternative funding. The City Council has said it will finance $65 million for solar-powered streetlights.

Bass recently announced an initiative to repair and replace 60,000 streetlights over the next two years, and several council members have turned to their district’s discretionary funding to fix broken streetlights in their districts.

Hernandez, who chairs the council’s Public Works Committee, said in a statement that the result doesn’t change the fact that the city is trying to maintain a 21st century lighting system with an outdated funding model.

“If this assessment isn’t the path forward, then it’s our responsibility to build one through better leveraging City assets like light poles, exploring new revenue opportunities, and pursuing reforms to outdated state laws like Proposition 218 that make it extraordinarily difficult for cities as large as Los Angeles to maintain basic public infrastructure,” she said.

Broken streetlights have emerged as an issue in the mayoral election, with Councilmember Nithya Raman citing broken lights as an example of how the city “can’t seem to manage the basics.” Raman is facing Bass in a Nov. 2 runoff.

In February, city council members announced a plan to replace streetlights with solar-powered versions, in an attempt to deter copper wire theft. About 1 in 10 streetlights are out of service because of disrepair or copper wire theft, according to the city.

A well-known example is the Sixth Street Bridge, where thieves stole seven miles’ worth of wire.

Source link

Early TV ratings for 2026 World Cup set records for Fox, Telemundo

Argentina’s Lionel Messi isn’t the only one scoring in the 2026 FIFA World Cup.

Fox and Telemundo are off to a blazing start in the TV ratings for the quadrennial soccer tournament, delivering big increases over the 2022 World Cup held in Qatar.

Through the first 16 group stage matches, an average of 6 million viewers have watched on Fox and cable network FS1 cable network, a 128% increase over the 2022 FIFA World Cup according to Nielsen data.

The first 12 group stage matches of the tournament drew an average of 7.5 million viewers on the Comcast-owned Spanish language network Telemundo, a 234% increase from four years ago. The Telemundo telecasts are also streamed on Peacock.

The U.S. Men’s National Soccer Team’s opening match against Paraguay held Friday at SoFi Stadium set a record for the most-watched World Cup game on both and English and Spanish language television. The match scored 18 million viewers on Fox and its streaming platforms, while Telemundo’s telecast averaged 9.5 million.

The early ratings show the enduring power of live sporting events and their ability to draw mass audiences at a time when streaming video has splintered viewership . Scripted hit prime time TV shows need seven days or more of viewing on demand to reach the audience levels the World Cup is attracting in real time.

“Having this World Cup in North America clearly has a huge impact on ratings,” said Patrick Rishe, director of the sports business program at Washington University in St. Louis.

World Cup matches held in the U.S. for the first time since 1994 helps — and a competitive USNMT playing in front of home crowds could turbocharge the ratings to even bigger heights. Fox is expecting another record when the team plays its third group stage match in prime time on June 25.

Some sports media pundits have been citing the addition of out-of-home viewing and internet-connected televisions to Nielsen data as the reason sports ratings have been on the rise. But Mike Mulvihill, president of insights and analytics for Fox Sports, asserts that the viewers have been there all along.

“For many years, the numbers were under-counted and what we’re seeing now is a truer representation of the sports audience,” Mulvihill said in a recent interview. “You just cannot overstate what it means to us to be able to capture all that viewing that’s happening at fan fests, in bars and at smaller watch parties.”

Out-of-home viewing boosted the audience levels for Mexico’s inaugural World Cup match on June 11 by 50%, and contributed several million viewers to the total for the USMNT opener.

Mulvihill projects that by the end of the tournament, 150 million people will have watched some portion of Fox’s 2026 FIFA World Cup coverage. The figure approaches the 170 million people Fox reaches with a slate of regular season NFL games.

“For us, it’s like having two NFL seasons in a single year,” Mulvihill said.

Fox will be able to capitalize on the strong numbers for the early matches. Networks typically hold back some commercial inventory for big events in case audience levels fall short of what advertisers are guaranteed. Fox has surpassed those expectations and can now go back into the marketplace to sell available commercials for the later rounds, most likely for more than what was paid before the tournament.

The 2026 World Cup may also be benefiting from a viewing public that wants a distraction from the ongoing political discord in the U.S. and war in the Middle East.

“Sports still remains the one thing we can all kind of talk about and disagree about without it being divisive,” said Lisa Delpy Neirotti, director of the sports management program at the George Washington University School of Business.

Delphy Neirotti believes the World Cup has some momentum from the NBA Finals, which averaged 20.6 million viewers on ABC for the New York Knicks’ triumph over the San Antonio Spurs, The feel-good story of the Knicks winning their first championship in 53 years delivered the most-watched Finals since 1998 and put fans in the mood for more action.

“Fans were already primed up, meeting with friends, watching sports and now they can continue that camaraderie and that collective experience,” Delphy Neirotti said. “They want to be with community.”

The combined numbers for Fox and Telemundo are highest in Los Angeles, which in addition to a large Latino population has 500,000 Iranians. An average audience of 4.7 million viewers watched the Iranian national team play to a 2-2 tie against New Zealand on Monday, the second most-watched match ever on Fox Sports 1.

But there are plenty of World Cup fans in the heartland. Kansas City had the highest local rating for Fox’s coverage of the USMNT’s match, with more than 9% of the market’s homes tuning in.

Kansas City hosted its first World Cup match Tuesday at Arrowhead Stadium, where Argentina’s Messi set a tournament record with three goals in his team’s 3-0 victory over Algeria. The city has cultivated soccer fans with well-attended watch parties held in its Power and Light District.

“The watch parties that they’ve planned out throughout their cities to give people an opportunity to be part of the event, even though they’re not going to the event,” Rishe said. “Whether you’re watching or just walking by, it’s exciting.”

Source link

OPEC to increase oil output amid continued closure of Strait of Hormuz

OPEC on Sunday announced that its member nations will increase oil production by nearly 200,000 barrels per day in July, despite the Strait of Hormuz remaining closed and it being very difficult to ship it anywhere out of the Middle East. Photo by Ismael Mohamad/UPI | License Photo

June 7 (UPI) — The Organization of the Petroleum Exporting Countries on Sunday agreed to increase production by nearly 200,000 barrels per day despite the Strait of Hormuz remaining closed, making it near-impossible to ship any of it.

Ordinarily, OPEC increasing oil production among the group of nations that comprise it would lower its cost, but experts have called the move largely symbolic because of the ongoing war in Iran, The New York Times and Wall Street Journal reported.

The Strait of Hormuz, which 20% of the world’s oil supply ordinarily would pass through daily, has been closed since early in the war as part of Iran’s effort to counter the war launched by the United States and Israel in February.

The OPEC members that agreed to the 188,000-barrel increase for July — the fourth month in a row that the group is increasing production — include Saudi Arabia, Russia, Iraq, Kuwait, Algeria, Kazakhstan and Oman.

The countries agreed to the increase as part of the group’s “commitment to support oil market stability” and said the latest production increase would also allow the participating nations to “accelerate their compensation,” OPEC said in a statement.

“The countries will continue to closely monitor and assess market conditions, and in their continuous efforts to support market stability, they reaffirmed the importance of a cautious approach,” the group said in the statement.

The Trump administration continues to negotiate an end to the war that would lead to the reopening of the Strait, in addition to working to limit Iran’s ability to build a nuclear weapon, amid a shaky weeks-long cease-fire.

President Donald Trump discusses renovations to the Lincoln Reflecting Pool and makes an announcement on coal in the Oval Office at the White House on Thursday. Photo by Samuel Corum/UPI | License Photo

Source link

Venezuelan Gov’t Backs Communes to Boost Coffee Production, Increase Exports

Communes Minister Ángel Prado oversaw the transfer of a coffee-roasting plant to a network of communes. (MinComunas)

Mérida, June 2, 2026 (venezuelanalysis.com) – The Venezuelan government launched the First National Meeting of the 2026 Communal Coffee Plan on Saturday, May 30, as part of efforts to deepen popular control and increase coffee production for export. 

The central event took place in the Ospino municipality of Portuguesa state, where authorities inaugurated the El Cafetal social property company (EPSDC), a coffee-processing plant transferred to collective communal management.

According to officials, the infrastructure will serve nearly 80 coffee-producing communes from the central-western states of Portuguesa, Lara, Yaracuy, and Trujillo. The facility, previously ran by the state-owned Venezuelan Coffee Corporation, was transferred to a network of several communes.

Acting President Delcy Rodríguez opened the event, emphasizing the role of grassroots production in the sector. 

“Coffee is one of the most important items where the communal economy already has the entire production chain organized,” she stated during a tour of the relaunched plant.

Rodríguez hailed output growth to nearly 4 million quintals in the 2025-2026 cycle, with 1.8 million quintals destined for national consumption and 2.1 million for export. According to official figures, production increased by around 25 percent over the past five years.

In her address, Venezuela’s acting president emphasized the importance of increasing exports to international markets while maintaining accessible prices domestically. “This is the path of a country that builds a sovereign future,” Rodríguez concluded.

Communes Minister Ángel Prado, who led an assembly with thousands of coffee producers and communards on Saturday, echoed the target of boosting non-oil exports from communal organizations. “You can count on the communal economy, President,” he said in his speech.

Agriculture Minister Vladimir Padrino López, who previously served as defense minister, also attended the event and called for joint efforts between his ministry and communal structures to support coffee producers. 

“We have to merge, work with a special synergy because in the end, where is the campesino? Where is the coffee grower? He is in a communal circuit, he is in a commune,” Padrino expressed. 

For their part, grassroots producers hailed the transfer of the processing plant as a long-awaited conquest. Yamileth Ortiz, a spokeswoman from El Cafetal Commune in Portuguesa state and a worker at the plant since 2008, emphasized the project’s potential to elevate coffee production in the Caribbean nation.

“There is an expectation to receive crops from at least 10 states and strengthen the national links between coffee-producing communes,” she told reporters.

The Venezuelan government has facilitated fuel supplies, seeds, and technical guidance to support producers taking part in the El Cafetal project. In recent years, Venezuelan coffee growers have highlighted fuel shortages, overpriced inputs, and a lack of access to credit as obstacles to maintaining production levels. Rural organizations have likewise denounced the influence of agribusinesses in establishing crop prices.

Edited by Ricardo Vaz in Caracas.

Source link