RealNews

Chavez says he’s ready to transform Venezuela

President Hugo Chavez says nothing can stop him from swiftly transforming Venezuela into a socialist state, and he faces few obstacles now that a crushing re-election win has given him free reign to pursue more radical changes. His first big move — to nationalize “strategic” power and telecommunications companies — heralds a series of planned “revolutionary laws” that remain vaguely defined. But with oil profits booming and his popularity high, Chavez appears to be in step with a majority of Venezuelans even as spooked investors dumped shares in the affected companies. Full Story

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