RealNews

Chavez touts socialism in inauguration

Invoking Christ and Castro as his socialist models, President Hugo Chavez began his third term Wednesday by declaring that socialism, not capitalism, is the only way forward for Venezuela and the world. His first stop: Nicaragua, where leftist ally Daniel Ortega was returning to power with his own inauguration hours later. Chavez can now count on remaining president until 2013 — or later if he gets his way with a constitutional amendment allowing him to run again. Full Story

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