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23 hrs ago | Daily Pundit
Venezuela's socialist government has quietly secured the backing of Latin America and the Caribbean to obtain a diplomatic trophy that long eluded the late Hugo Chavez: a seat on the United Nations Security Council. The unanimous endorsement of Venezuela's candidacy to represent the region on the Security Council came at a closed-door meeting July 23 in New York, said Amin Cruz, a diplomat at the U.N. from the Dominican Republic, which presided at the meeting.
Saturday | Windsor Beacon
Mounting economic problems in this oil-rich country are pummeling President Nicolas Maduro as he struggles to exude the same charisma as his iconic socialist predecessor, Hugo Chavez. Based on his sinking popularity, he isn't making much headway.
A year or two ago, most observers thought that immigration "reform" was a foregone conclusion. The entire Democratic Party wanted it, including union leaders who were happy to sacrifice their members' interests; the Chamber of Commerce wanted it; quite a few libertarians were OK with it; and just about every rich person in America, it seemed, was on board.
President Nicolas Maduro said Venezuela could meet all its obligations to bondholders, as he sought to quell market fears that the Socialist-run country may opt to default when $5 billion of its foreign debt falls due for repayment next month. Fears of a possible default had heightened, with bond yields spiking, after the publication of an article by two pro-opposition economists that suggested an orderly default could ultimately help the slumping economy of a member of the Organization of the Petroleum Exporting Countries.
Editor Rob Cox discusses how Rafael Correa has done a decent, if not miraculous, job of managing the nation's economy but faces a looming crunch. One of Latin America's most successful left wing politicians may have to changes economic chain.
Officials say a Utah elementary school teacher who was carrying a concealed firearm at school accidentally shot herself in the leg when the weapon discharged in a faculty bathroom.
Since replacing his late mentor in April 2013, Maduro has overseen the worst bond returns in emerging markets , with the country's dollar debt posting a loss of 8.7 percent. That's a complete reversal of the Chavez presidency, when the nation's debt gained 16 percent annually over 14 years, generating a total return of 692 percent that dwarfed the 387 percent earned on developing-nation debt, data compiled by JPMorgan Chase & Co.
Since replacing his late mentor in April 2013, Maduro has overseen the worst bond returns in emerging markets, with the country's dollar debt posting a loss of 8.7 percent. That's a complete reversal of the Chavez presidency, when the nation's debt returned an average 16 percent annually over 14 years, generating a total return of 692 percent that dwarfed the 387 percent earned on developing-nation debt, data compiled by JPMorgan Chase & Co.
Caracas, Venezuela, Sep 3, 2014 / 03:16 pm .- The Archbishop of Caracas demanded Wednesday that the Our Father be respected, after the Venezuelan government presented a prayer to the country's late president, Hugo Chavez, which is a parody of the Lord's Prayer.
Venezuelan President Nicolas Maduro on Tuesday pushed Rafael Ramirez from his twin posts as oil minister and a chief of state oil firm PDVSA in a cabinet shake-up that opposition critics said fell short of the overhaul needed to reverse the OPEC nation's economic decline.
Officials in the South American country are denouncing the show for portraying the socialist government stockpiling nerve gas to quash dissent.
In Venezuela honoring late President Hugo Chavez is nothing out of the ordinary, so it was not unusual for a congresswoman of Chavez's political to pay homage to her former leader.
Cardboard figures of Leopoldo Lopez with his mouth covered with the word 'Crime' are seen during a gathering in support of him in June.
Updated: Sat Sep 13, 2014 08:44 pm
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