In Nicaragua, steep pension cuts, tax increases could plunge country into recession

Last April, news of these measures led to protests and a government crackdown that led to hundreds of deaths and over fifty thousand leaving the country. Nicaraguans revolted last April when the government announced it was raising payroll taxes and cutting retirement benefits to bolster a social security program hemorrhaging money. The unrest led authorities to quickly withdraw the measure, but as the protests boiled for months and broadened into demands that President Daniel Ortega leave office, security forces...