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Venezuela is a bona fide threat, IMO.

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DewDiligence Member Level  Monday, 01/08/07 04:10:43 PM
Re: midastouch017 post# 272
Post # of 322 
Venezuela is a bona fide threat, IMO.
Also see #msg-15253438.

http://online.wsj.com/article/BT-CO-20070108-710987.html

>>
Chavez to Nationalize Electricity, Telecom Industries

January 8, 2007 3:14 p.m.

CARACAS (Dow Jones)--Venezuelan President Hugo Chavez on Monday said his government will nationalize the electricity industry and the CA Nacional Telefonos de Venezuela (VNT), the country's largest telecom company.

In a string of surprise announcements that will change the face of the economy, the president said Congress is set to give him special powers so he can write a number of laws, taking a path similar to the one the president took in 2001.

The leftist leader also noted his government will throw out the standing commerce code, the basic framework of business laws, and will replace it with something more appropriate for his Socialist revolution.
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