How China Propped Up Chávez

Hugo Chávez, resplendent in crisply pressed fatigues and paratrooper boots with red shoelaces, had a very special guest. Meeting him that day in mid-September 2011 in Caracas was the world’s most powerful banker, who had lent Chávez’s government at least $40 billion over the four years from 2008 to 2012, or about $1,400 for every […]

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Venezuela’s Chavez Revels In Convincing Election Win

Venezuelan President Hugo Chavez pledged to deepen his socialist revolution after a comfortable election victory that could extend his divisive leadership of the OPEC nation to two decades. The new six-year term clears the way for Chavez, who is recovering from cancer, to consolidate state control over Venezuela‘s economy, possibly with more nationalizations, and continue […]

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