Word: hugo
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...HUGO CHAVEZ and SEAN PENN, friends forever...
...subsidies, he won't help his chances of reelection in a tough presidential race next June. "There is a lot of popular unrest when they cut subsidies or put on gas quotas," says Robert Johnston, Director of Energy for the Eurasia Group in Washington. For similar reasons, Venezuela President Hugo Chavez wants OPEC to cut production by about 1 million barrels a day, warning that his country would face dire economic problems if oil prices continue falling...
...sunny October afternoon, the normally teeming streets of the fashionable district of Nisantasi are oddly quiet. The occasional tourist couple wanders by. Behind elegant windows advertising new autumn collections, plush stores like Hugo Boss, Louis Vuitton and Armani are empty. Groups of sales attendants hover nervously by the entrance. "Business is terrible," says the director of one popular U.S. luxury label. "We hoped it would pick up after Ramadan, but it hasn't. Nobody wants to lose face by officially going on sale in October because it's unheard of, but in-store most labels are offering...
...study released by the Open Europe think tank Monday estimates that the cost of the package as a whole will rise to almost $100 billion a year by 2020. Open Europe Research Director Hugo Robinson said the climate change plan "comes at exactly the wrong time for hard-pressed families all around Europe," and "will channel money towards very expensive and inefficient means of reducing CO2 emissions, imposing unnecessarily high costs on people struggling through already tough economic conditions...
...Enter Hugo Chavez, the boastful believer in “21st century socialism” who is eager for Russian economic and military support, just as he has been in the past with Iran and Cuba. Yet in the last year, the Venezuelan president has seen his political star begin to fade: After losing a crucial referendum that would have allowed him to remain in power indefinitely last December, Chavez has attempted to distract Venezuelans’ attention from the dire economic situation at home with a lot of show abroad...