Ringin’ in the New Year in yellow undies: A brief story by Fausta

by Fausta Rodriguez Wertz | January 1st, 2014

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Ringin' in the New Year in yellow undies: A brief story by Fausta

By Fausta Rodriguez Wertz

My friends at New York Latin Cul­ture have been doing a count­down of New Year’s tra­di­tions to cel­e­brate the arrival of the new year around the world. Among the tra­di­tions, is

wear­ing yel­low under­wear at the moment when New Year arrives. Accord­ing to beliefs, doing so brings wealth and pros­per­ity in the com­ing year.

Colom­bians and Venezue­lans both like to greet the New Year in yel­low undies.

New yel­low undies.

Colombia’s econ­omy has been doing well lately

Annual infla­tion fell to its low­est rate since 1955 last month, even as the econ­omy grew at the fastest pace in the Andean region.

Colom­bians can find a wide array of any yel­low undies they need.

Venezuela’s econ­omy, on the other hand, is a dis­as­ter, with the gov­ern­ment hid­ing the num­bers while claim­ing an offi­cial annual infla­tion rate of 54% when the implied annual infla­tion rate hits 261%. Addi­tion­ally, short­ages of con­sumer goods in Venezuela

stem from price con­trols meant to make basic goods avail­able to the poor­est parts of soci­ety and the government’s con­trols on for­eign currency.

Yel­low undies are no excep­tion: Agen­cia Carabobeña de Noti­cias (News Agency of Carabobo, ACN) reported that this year, Yel­low Under­wear is Rare and Costly, with panty prices increas­ing by 73% and 185% (depend­ing on the shop) since 2012. Bra infla­tion was worse, with prices increas­ing by 300% to 500%. Men’s under­pants dou­bled in price (the arti­cle doesn’t spec­ify jock­eys or box­ers). ACN also item­ized the rise in prices in the foods tra­di­tion­ally served on New Year’s Eve, with sim­i­lar results.

Is the under­wear short­age and infla­tion a regional occur­rence? El Siglo sent out its reporters, who came back not only say­ing there was a wide vari­ety of styles and prices avail­able in Mara­cay (with­out men­tion­ing actual prices), they even found shop­pers who swear by its effec­tive­ness. El Siglo, on the other hand, bills itself as a Boli­var­ian news­pa­per, which I inter­pret as loyal to the rul­ing party.

In brief: Dis­as­trous eco­nomic pol­icy hit the New Year’s bot­tom line.

Wish­ing you a happy and pros­per­ous 2014,
Fausta
.

By Fausta Rodriguez Wertz

My friends at New York Latin Culture have been doing a countdown of New Year’s traditions to celebrate the arrival of the new year around the world. Among the traditions, is

wearing yellow underwear at the moment when New Year arrives. According to beliefs, doing so brings wealth and prosperity in the coming year.

Colombians and Venezuelans both like to greet the New Year in yellow undies.

New yellow undies.

Colombia’s economy has been doing well lately

Annual inflation fell to its lowest rate since 1955 last month, even as the economy grew at the fastest pace in the Andean region.

Colombians can find a wide array of any yellow undies they need.

Venezuela’s economy, on the other hand, is a disaster, with the government hiding the numbers while claiming an official annual inflation rate of 54% when the implied annual inflation rate hits 261%. Additionally, shortages of consumer goods in Venezuela

stem from price controls meant to make basic goods available to the poorest parts of society and the government’s controls on foreign currency.

Yellow undies are no exception: Agencia Carabobeña de Noticias (News Agency of Carabobo, ACN) reported that this year, Yellow Underwear is Rare and Costly, with panty prices increasing by 73% and 185% (depending on the shop) since 2012. Bra inflation was worse, with prices increasing by 300% to 500%. Men’s underpants doubled in price (the article doesn’t specify jockeys or boxers). ACN also itemized the rise in prices in the foods traditionally served on New Year’s Eve, with similar results.

Is the underwear shortage and inflation a regional occurrence? El Siglo sent out its reporters, who came back not only saying there was a wide variety of styles and prices available in Maracay (without mentioning actual prices), they even found shoppers who swear by its effectiveness. El Siglo, on the other hand, bills itself as a Bolivarian newspaper, which I interpret as loyal to the ruling party.

In brief: Disastrous economic policy hit the New Year’s bottom line.

Wishing you a happy and prosperous 2014,
Fausta
.

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