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Four years ago, Hugo Chávez scored one of the more impressive p.r. coups of the new century when he started delivering free heating oil to low-income Americans. Even if it was political opportunism, as conservative critics insisted, it got home-heating fuel to hundreds of thousands of yanquis during the past four winters, when the price was often skyrocketing. On Monday, however, with world oil prices plunging, the Venezuelan President decided to suspend his large-scale, multistate U.S. program in order to tend to financial concerns at home. Then on Wednesday, at the urging of U.S. politicians...

Author: /time Magazine | Title: Why Can't Big Oil Match Hugo Chávez? | 1/7/2009 | See Source »

...which raises the question: If Chávez can keep donating fuel even as his oil revenues tumble, why can't any U.S. oil companies step up to do the same? (See pictures of the global financial crisis...

Author: /time Magazine | Title: Why Can't Big Oil Match Hugo Chávez? | 1/7/2009 | See Source »

...acclaimed capitalist leader. Capitalism's excesses get deservedly excoriated for causing today's global catastrophe. But even Venezuela, which helps prop up Cuba's economy with cut-rate oil, has made it clear in recent elections that it's not the socialist hotbed that its left-wing President Hugo Chávez dreams of. Yes, the hypocritical drill among Latin leaders is that they censure Washington publicly but Havana privately. Still, most of them believe Cuba is as out of step with the rest of the Americas...

Author: /time Magazine | Title: After 50 Years of Castro's Cuba, Will the Cold War End? | 12/30/2008 | See Source »

Good Times. Want to see how they kicked back in the good ole days? The Castle Hill Inn and Resort in Newport, R.I., a Relais & Châteaux hotel located in a restored mansion overlooking the ocean, is offering a "Gilded Age Package" complete with a midnight champagne tour at the Newport mansions. Book two nights and get a welcome gift in-room; a private tour of the Breakers and Elms mansions; afternoon tea; a three- or five-course gourmet dinner; gourmet breakfast; and a one-year membership to the Newport Preservation Society, which gives you free admission...

Author: /time Magazine | Title: Travel News: Madrid Calling (and Other Cheap Deals) | 12/29/2008 | See Source »

...Chávez also faces the very real risk of voter fatigue. If a referendum is held next year, it will be the third hard-fought election Venezuelans have been asked to engage in in as many years. Said opposition leader Manuel Rosales, the Maracaibo mayor-elect whom Chávez has recently threatened to imprison for allegedly plotting to assassinate him: "It's an insult to people that at this time we're already talking about a new electoral campaign, when they're overwhelmed by far more pressing problems." Maybe so, but Chávez "lives...

Author: /time Magazine | Title: Hugo Chávez for President ... Now and Forever? | 12/2/2008 | See Source »

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