2. Venezuela’s fall is the largest economic collapse outside of war in decades, economists say.

The crumbling economy has now outpaced the fall of the Soviet Union, Cuba’s unraveling in the 1990s and Zimbabwe’s collapse under Robert Mugabe. Corruption and misguided policies of President Nicolás Maduro and his predecessor, Hugo Chávez, have now brought the country to its knees. Above, men searched for salvageable items in Maracaibo.

The Times is launching a series in which we revisit major news events to see if promises made by those in power were kept. First up: Colombia’s peace deal.

And in other international news, lawmakers in Taiwan have voted to legalize same-sex marriage, a first for Asia, a region where gay rights have lagged.