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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Chávez’s Most Helpful Campaign Aide: China

Edelmina Flores thanks God and Hugo Chávez for her apartment in a new housing complex in the Venezuelan president’s home state of Barinas. She might also want to thank the Chinese government. Since 2007, the China Development Bank has lent Venezuela $42.5 billion, backed by revenue from Venezuelan crude. That sum accounts for nearly a quarter […]

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