US Indymedia Global Indymedia Publish About us
Printed from Boston IMC :
IVAW Winter Soldier

Winter Soldier
Brad Presente

Other Local News

Spare Change News
Open Media Boston
Somerville Voices
Cradle of Liberty
The Sword and Shield

Local Radio Shows

WMBR 88.1 FM
What's Left
WEDS at 8:00 pm
Local Edition
FRI (alt) at 5:30 pm

WMFO 91.5 FM
Socialist Alternative
SUN 11:00 am

WZBC 90.3 FM
Sounds of Dissent
SAT at 11:00 am
Truth and Justice Radio
SUN at 6:00 am

Create account Log in
Comment on this article | View comments | Email this article | Printer-friendly version
News ::
President Chavez Kicks Corporate Butt
08 Apr 2002
Modified: 06:43:51 PM
There IS a world beyond self-absorbed Zionists....

In total contradiction to the anti-Chavez hysteria found in the US and other big media, Venezuela is outperforming most other economies including the US.

David Roberts, senior international economist at Bank of America Securities, believes that Hugo Chavez, twice overwhelmingly elected president in the teeth of the sort of rumblings among the privileged that led to the demise of the Allende regime in Chile, is delivering stability that nobody else can match.

Mr Roberts' remarks are reported by Hugh Bronstein of Reuters in an articlepublished on the investors' website "I Won Money" (here).

"Venezuelan sovereign bonds have outperformed not only the rest of the emerging debt market this month but the U.S. stock market as well," Mr Roberts said.

"Venezuela has rewarded sovereign bond holders with total returns of 7.5 per cent so far this month while the market as a whole has risen only 3.3 per cent, according to JP Morgan's Emerging Markets Bond Index Plus.

"That's not bad considering the wider context in which the Standard & Poor's 500, a broad gauge of U.S. stocks, is down 3.6 per cent in February."

Social and economic spending

Earlier President Chavez had announced of a raft of social and economic spending, aimed at reducing unemployment and easing poverty, including heavy state spending on housing and further financing for small businesses, social and environmental projects.


"Here in Venezuela, there is no possibility of a civil war," said Mr Chavez during a televised state address of more than two hours. "And the possibility of a military coup, measured from 0 to 100, is minus 50."

The new economic measures were designed to benefit the middle-class, and not just the poor majority of the 24 million Venezuelans where Mr Chavez draws the majority of his support.

Venezuela's wealthy minority has formed an uncompromising opposition to Mr Chavez's rule, irked by his plans for land redistribution, anti-poverty measures and state-led development.

Other schemes included state training for apprentices, nutritional schemes for young children, heavily subsidised consumer goods, environmental clean ups, agricultural projects, and the construction of new state schools.

The popular leader said that the National Guard would be enlisted to help consumer protection agency Indecu punish companies which took advantage of the bolivar's slide to raise their prices sharply.

"If we have to take away the import licences from some large businesses, we are willing to do so," said Chavez. "If we have to create a law against speculation then we are ready to do it."
See also:
Add a quick comment
Your name Your email


Text Format
Anti-spam Enter the following number into the box:
To add more detailed comments, or to upload files, see the full comment form.


I'm laughing
08 Apr 2002
Venezuela's largest labor group said Saturday it will hold a one-day general strike to support protesting oil executives a dispute that is already disrupting exports by one of the United States' biggest petroleum suppliers.

The 1 million-member Venezuelan Workers Confederation will strike on Tuesday and extend the strike if necessary to support managers at Petroleos de Venezuela, confederation president Carlos Ortega said.

The labor group paralyzed Venezuela with a one-day strike against President Hugo Chavez's economic policies on Dec. 10.

There was no immediate reaction from Chavez's government.

Managers at Petroleos de Venezuela revolted when Chavez tried to tighten control over the state-owned company, and their strike continued for a third day Saturday with protests outside offices in Caracas and Puerto La Cruz. The protesting workers closed two of Venezuela's five major loading terminals Friday, stranding a dozen ships waiting to load cargo.

On Thursday, a clash between government supporters and opposition party members at a drilling site killed two oil workers and injured three.

The unrest has shocked admirers of the company, long an icon of efficiency in a nation plagued by public and private sector corruption.


Chavez Followers, Foes Fight on Venezuelan Streets
Wed Mar 20, 7:32 PM ET
By Pascal Fletcher

CARACAS, Venezuela (Reuters) - Supporters and opponents of Venezuelan President Hugo Chavez clashed on Wednesday, fighting running street battles in a western city and skirmishing with fists, sticks and stones outside the presidential palace in Caracas.

Several people were hurt in the disturbances, which reflect growing political tensions in the world's fourth largest oil exporter, where left-wing populist Chavez is facing growing opposition to his three-year-old rule.

Fierce fighting broke out in Barquisimeto, 218 miles (351 km) west of Caracas, when followers of the outspoken president confronted members of Venezuela's Workers Confederation, or CTV, the country's largest trade union, which has spearheaded labor opposition to Chavez.

Later in Caracas, a group of protesting university students demanding more government funding clashed with pro-Chavez militants who habitually surround the Miraflores Palace.

"There was a scrap, with sticks and stones and punches, and there were injuries," Metropolitan Police Operations Chief Emigdio Delgado told reporters.

Police said at least four people were hurt in the Caracas fighting, while the number of injured in Barquisimeto was believed to be higher.

Further west, in the Andean city of Valera, National Guard troops patrolled the streets on Wednesday after striking local police failed to stop rioting youths from looting banks, shops and offices Tuesday.

In the commercial hub of Barquisimeto, members of the rival groups traded blows and pelted each other with stones, bottles and sticks as they milled in the street, scattering pedestrians and disrupting traffic.

Shop-keepers halted business, hurriedly pulling down metal store-front screens until police and National Guard soldiers arrived on the scene to restore order.

Chavez supporters in Barquisimeto, chanting "They will not pass" had gathered to confront a march by CTV members, whose leader Carlos Ortega is threatening to call a general strike to protest Chavez's policies.


Clashes between supporters and followers of the president have increased in recent months in Venezuela, Latin America's fourth largest economy, as opposition groups have stepped up street protests against the tough-talking former paratrooper.

In a speech in eastern Venezuela on Wednesday, Chavez scoffed at his opponents, calling them "poor things" and saying they viewed him as a "devil ... steeped in sulfur."

"Getting rid of Chavez is more difficult than trying to knock down a mule by pinching it," the president said during a ceremony to formally inaugurate a foreign-financed heavy crude oil upgrading project.

Chavez, who won a 1998 election six years after failing to seize power in a botched military coup, has frequently called on his supporters to defend his revolution "in the streets."

The president, who later flew to an international development conference in Monterrey, Mexico, said no other government in Venezuela "in a 100 years" had the "popular and military support" that his administration had.

But opinion polls show his popularity has fallen sharply in recent months as he faces a barrage of criticism, including calls to resign from dissident military officers.

Business and some labor leaders are bitterly opposing reforms introduced by Chavez, including a law to give land to the poor and assertion of state control over the oil sector.

Tuesday's disturbances in Valera, 340 miles (550 km) west of Caracas, broke out when several thousand students protested downtown to demand the resignation of the administration of a local technical college, Mayor Ali Quintero told Reuters.

Municipal police, who are striking for higher wages, did not intervene and city authorities called in the National Guard, part of Venezuela's armed forces.

The student protesters, joined by youths from poor neighborhoods, broke into two banks, carrying off furniture, computers and automated teller machines.

Shops and offices were also sacked in Valera, a city of 200,000 in the Venezuelan Andes.

"The National Guard has taken over patrolling to avoid any other outbreak (of violence) in the streets of Valera," Quintero said. He added that the city was quiet Wednesday and businesses and shops were operating normally.

More Disinformation
08 Apr 2002
The only honest thing about "disinfo" is its name. Yes, Chaves is one of the few national leaders you cares about the common good.

The CIA petro-terrorist corporation, with their usual assistance from Mo$$ad assassins, is out to get him, as was obvious years ago. And they're failing miserably.

Labor leaders are easily bribed, coerced and manipulated by their true enemies, so just because a so-called "labor union" does something doesn't mean it's doing it for the common good.

The most dangerous enemies are those posing as friends. I get calls from wannabe "friends" quite frequently offering an interesting variety of carrots and sticks to stop telling the truth.

The crooks are doomed. And deep inside they know it.
See also: