Word: venezuela
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Dates: during 2000-2009
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...etat in 2002 and a nationwide oil strike that paralyzed the country later that year. They only seemed to deepen their hole when they lost a 2004 referendum to oust Chavez and then boycotted parliamentary elections last year - a blunder that allowed Chavez allies to take 100% control of Venezuela's National Assembly and strengthened his seeming omnipotence. Since then, divisive infighting has been the opposition's norm...
...Department of Energy is figuring out if the government should tap its strategic reserves, which would start to kick in within a day or two. But those promises did little to allay oil traders, who frantically anticipate other potential supply disruptions in geopolitically strained locales from Nigeria to Venezuela to Iran. "We have problems all over the place," says Phil Flynn, senior market analyst and vice president at Alaron Trading in Chicago. "What happens when we have the next outage...
...never worked as a tool to weaken Castro. Instead it has provided him with a wonderful excuse to hide his failures and justify the island's dire poverty and harsh political repression. The embargo is even less effective now that Cuba is so deeply intertwined economically and politically with Venezuela and other countries in the region. Embargoing Cuba without cutting off its ties to other countries is akin to staging an embargo against Portugal that ignores its ties to the rest of Europe. The U.S. embargo on Cuba has enormous political costs for the U.S. and no benefit other than...
...electing conservatives, Colombia and Mexico have bucked the leftist trend sweeping through Latin America. Over the past few years, left-of center governments have come to power by winning elections in Venezuela, Brazil, Argentina, Chile, Bolivia, and Peru...
...have worried. Within a short while, in March 1901, Roosevelt was elected Vice President under McKinley; six months later, following McKinley's assassination, he was catapulted into the highest office. As early as 1902 he demonstrated the growing clout of the U.S. Navy during the so-called Venezuelan crisis. Venezuela's feckless financial policies and its refusal to pay international debts had led to a blockade of its coastline by various European navies, notably Germany's. Urged on by the nationalist wing of the U.S. press, Roosevelt had instructed Dewey, now an admiral, to patrol with a large force...