Word: bolivarian
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Castro believes that Chávez's oil-fueled Bolivarian revolution (named for 19th century South American independence hero Simón Bolívar) discriminates against the middle class. When he recently applied for a mortgage to buy a new house in a safer neighborhood, he says he was offered an exorbitant interest rate, set largely by the government, because of his economic status. "I came out with the impression that they give priority to the lower strata," he says. It's admirable to boost the poor, who before Chávez were largely ignored by Venezuela...
...Organization of American States (OAS), which this summer expelled Honduras in response to the coup, reiterated its support for Arias' efforts. But it's clear that Chávez and the Latin leftist bloc known as ALBA (the Spanish initialism for the Bolivarian Alliance for the Americas, named after South American independence hero Simón Bolívar) have grown impatient with the U.S.- and OAS-led negotiation process. After Zelaya's ouster, ALBA crafted its own proclamation calling for his unconditional return and encouraging Hondurans to revolt against Micheletti. The Nicaraguan ambassador to the OAS, Denis Moncada, went...
...recent months, Chávez and his allies from Argentina to Nicaragua have taken steps that critics say make them walk too Cuban for comfort - especially when it comes to independent media, an institution critical to the region's modernization. Chávez's socialist Bolivarian Revolution recently revoked the broadcast licenses of 32 private radio stations and two television stations - it plans to take more off the air soon - and just passed a sweeping and often vague new education law outlawing media material that "produces terror in children" or "goes against the values of the Venezuelan people." (Read about...
...University and a spokesman for the Venezuelan education law that contains the new media rules, calls that nonsense. "This is not a 'Cuban' law," he says. Ruiz dismisses charges that the measure, which for the first time mandates bilingual education for indigenous children but also demands classrooms based on Bolivarian principles, will impose socialist instruction in schools. "There are no private schools or media in Cuba, but we guarantee their rights here," he adds. "We're simply requiring them to be responsible. The terrorist opposition wants to sow fear in our population...
...currency between Venezuela's official exchange rate of about 2.15 bolivares to the U.S. dollar and the quasi-legal black-market rate of almost six to the dollar. Vargas has long denied the accusation, insisting he's not part of the "boli-bourgeoisie" (named for Chávez's Bolivarian Revolution) that got rich cozying up to Chávez while oil prices skyrocketed in recent years. He and his friends say instead that he's simply a banker Chávez officials have found trustworthy, a man who can deal in capitalist circles but who funds three foundations...