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...opposition, whose leadership includes holdovers from the corrupt élite Chávez overthrew, has done little to offer a viable political alternative. Its weakness is another reason Chavistas insist their hero should be able to run again. "Chávez is the only leader who can hold all the nation's poles together,' says Tarek William Saab, the pro-Chavez governor of Anzoategui state on Venezuela's eastern coast. "His opponents are panicked because they know they can't win if he's the candidate." Former Chávez Information Minister Andrés Izarra says fear that...

Author: /time Magazine | Title: Hugo Chávez: Man With No Limits? | 2/11/2009 | See Source »

...presidential election, at the annual Republican governors conference Crist hosted in Miami. The centrists urged the party to obsess less about demonizing government and pressing hot-button social issues like gay marriage; the right wing warned that the party would all but vanish if it tried to be Dem Lite. But now the philosophical disputes are playing out in a high-stakes game of poker, with each side betting it will come out looking smarter when the stimulus' results are discernible. Should California and Florida, two of the states hardest hit by the nation's housing collapse, show improvement...

Author: /time Magazine | Title: GOP Governors: Split over Obama's Stimulus Plan | 2/10/2009 | See Source »

...government budget was based on oil at $70 per bbl., far above the current price, and it will consequently swing into deficit next year for the first time since 2001. The stock market has dropped more than 70% in the past year, as the nation's business élite have dumped stocks to repay the huge loans they had taken out to finance acquisitions in Russia and abroad. Capital is fleeing--investors have pulled about $245 billion out of Russia since August--and the ruble is under pressure...

Author: /time Magazine | Title: Russia: The Trouble with Putinomics | 2/5/2009 | See Source »

...ancient people of the Yucatán Peninsula were the first to crush cacao into what was later known as xocolatl--what Rosenberg calls the champagne of the Maya and Aztecs--a frothy beverage reserved for the élite and for special occasions. The Spanish took chocolate back to Europe in the 16th century, discovering the pristine and aromatic criollo bean in Venezuela along the way. Until the 19th century, Venezuela produced solely criollo cacao, which satisfied more than half the world's demand for chocolate. But when an infestation came close to wiping out all the cacao in neighboring Trinidad...

Author: /time Magazine | Title: Postcard from Choroní: The World's Best Chocolate | 2/5/2009 | See Source »

...trump card in 2007 was an image of political independence, but they've since allowed themselves to be viewed as allies of the opposition - which, despite recent triumphs in state and local elections, is still seen by many if not most Venezuelans as residue from the ultra-corrupt élite that Chávez overthrew a decade ago. The movement's leaders, who once endeared themselves to the Venezuelan hoi polloi with their college-kid austerity and presence in poor barrios, now move about with top-of-the-line BlackBerrys. And more politically conservative estudiantes like Yon Goicochea...

Author: /time Magazine | Title: Chávez Beats Back His Student Opposition | 2/1/2009 | See Source »

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