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...response to the calamity. The first relief boat was due to arrive a week after the cyclone had struck. VENEZUELA Street Fight At least two people were shot to death and dozens injured as fighting erupted in the capital, Caracas, between supporters and opponents of President Hugo Chávez. The violence broke out when tens of thousands of protesters at an antigovernment demonstration marched to an army barracks to call on the military to join them and were confronted by Chávez supporters. Authorities used tear gas and rubber bullets to halt the fighting. A national strike aimed...

Author: /time Magazine | Title: World Watch | 1/5/2003 | See Source »

VENEZUELA Chavez On The Edge President Hugo Chávez was pushed even further into a corner as the U.S. joined his domestic opponents in calling for early elections. Chávez insisted he wouldn't be cowed by a lengthy general strike that has brought the economy close to collapse, but he was fast running out of options - and outside support. A White House statement said early elections were the only "peaceful, viable" way to end the political and economic crisis. Banks, supermarkets and the vital oil industry have all been seriously affected by the strike, which began...

Author: /time Magazine | Title: World Watch | 12/15/2002 | See Source »

...companies allegedly caused by doing business with South Africa's apartheid regime. The plaintiffs said Citigroup, UBS and Credit Suisse profited from loans to Pretoria between 1985 and 1993 while a U.N. embargo on trade with South Africa was in force. VENEZUELA Coup Fear President Hugo Chávez warned against fresh attempts to topple his government as police arrested a retired colonel who led a march through Caracas demanding Chávez's resignation. MEANWHILE Doomed Love Songs The loudest love songs in the ocean, sung by its largest animals, may soon be drowned out by noise pollution, scientists...

Author: /time Magazine | Title: World Watch | 6/23/2002 | See Source »

...prices fell six percent the Friday before last on the news that Hugo Chávez, the outspoken and charismatic leader of Venezuela, had been deposed in a military coup. However, political instability in the world’s fourth-largest oil producer might be expected to decrease the flow of oil and cause prices to rise. Indeed, politically motivated strikes have hurt oil production in Venezuela, South America’s only member of the Organization of Petroleum Exporting Countries (OPEC) in the past few months. One of the major factors in Chávez?...

Author: By Jonathan H. Esensten, | Title: Cracking the Oil Cartel | 4/22/2002 | See Source »

VENEZUELA Back Again His ejection lasted only 48 hours, and last week Hugo Chávez was back in the presidential palace in Caracas. After resigning under pressure from the military in the face of violent demonstrations a week before, an apparently chastened Chávez pledged to change his policies and his demeanor. The new Chávez, however, seemed a lot like the old, blaming political foes and the media for his troubles...

Author: /time Magazine | Title: World Watch | 4/21/2002 | See Source »

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