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...astonishment of his opponents, Chavez did. At around 2 a.m. this morning, Caracas time, Chavez conceded his first electoral defeat since winning Venezuela's presidency in 1998. After facing an unusually strong protest movement on the streets of Venezuela's major cities - led not by traditional opposition figures but by university students who'd grown fearful that Chavez was moving the country toward a Cuba-style dictatorship - his reforms were narrowly beaten back by a 51% to 49% margin. The result, and Chavez's graceful acceptance of it, may well have set not only Venezuela, a key U.S. oil supplier...

Author: /time Magazine | Title: Chavez Tastes Defeat Over Reforms | 12/3/2007 | See Source »

...empty rum and beer bottles. A large inflatable bust of Chavez with his arms outstretched lay face-down and half-deflated on an empty stage. A man who looked drunk held up several soggy and torn "Yes" posters in front of a giant projection screen showing the President conceding defeat...

Author: /time Magazine | Title: Why Venezuelans Turned on Chavez | 12/3/2007 | See Source »

...proposal that the President makes needs to be built more collectively," Espinal says. "Socialism can't be understood in only one way. People have many doubts, and that is natural when there is a transition. The Venezuelan people need more time to build a proposal." Despite the defeat, Espinal called the vote a "strategic victory" that could help the revolutionary process modify its approach...

Author: /time Magazine | Title: Why Venezuelans Turned on Chavez | 12/3/2007 | See Source »

...electoral defeat may indeed slow the President down, but he and his allies still have wide-reaching powers that include control over the legislature, the judiciary, the state oil company and nearly every state government. The students say they know their battle is far from over. "The student movement has said that December 2 isn't an end date," Ricardo Sanchez, a student leader at Venezuela's Central University, said on Sunday at opposition headquarters. "On the contrary, it's a beginning. It's a beginning point for the good things that can be coming for this country...

Author: /time Magazine | Title: Why Venezuelans Turned on Chavez | 12/3/2007 | See Source »

...Harvard women’s squash team continued its recent dominance over Cornell Saturday morning at the Murr Center, defeating the Big Red, 9-0, without dropping a single game. This marked the sixth straight year that the Crimson (5-0, 3-0 Ivy) has swept Cornell (1-3, 0-3). “They rolled everyone,” assistant coach Christopher Miller said. “Not dropping a game is a hard thing to do.” Harvard came into the match following its somewhat lackluster 6-3 win over Dartmouth on Wednesday and was looking...

Author: By Jay M. Cohen, CONTRIBUTING WRITER | Title: Undefeated W. Squash Shuts Out Cornell | 12/2/2007 | See Source »

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