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Venezuela is in the midst of a crisis, with protests over food shortages and fears of hyperinflation. How did the country get into this mess and what can the president do to get out of it? Diego Moya-Ocampos from IHS Global Insight discusses. Plus Phil Mercer reports from Sydney, where tough new laws on alcohol have been blamed for hurting businesses and nightlife. And regular commentator Steve Fritzinger on the impact of raising the minimum wage in the US. Presented by Andrew Walker.

(Photo: Riot police in the Venezuelan capital Caracas, Credit: Getty Images)