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Economic Policy Could Determine the Political Results in Venezuela

Venezuelan President Nicolas Maduro's possibilities for staying in power may depend on whether or not his government takes

Economist Mark Weisbrot argues that fixing Venezuela's broken currency exchange system may be the only way for the Maduro government to regain popularity and stay in power amid a right-wing offensive. 

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Venezuela's President to Move Into Public Housing Unit, Amid Protests Over Housing Privatization

Thousands of Maduro supporters have rallied in Caracas against proposed reforms to the GMVV. (AVN)

Thousands of Venezuelans protested Thursday against proposed legislation that critics say would privatize the country's public housing sector, while President Nicolas Maduro said he himself hopes to move into a public housing unit.

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Venezuela’s Maduro Announces String of Emergency Economic Measures

Venezuelan President Nicolas Maduro addressing the nation. (@PresidencialVen)

The economic initiatives include changes to the country’s multi-tiered exchange rate, a rise in the domestic price of gasoline, the implementation of a new tax system, and placing more power over food distribution in the hands of organised communities.

 

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Venezuelan Opposition Accepts Supreme Court Ruling, Introduces Law Privatizing Housing Mission

Venezuela's National Assembly. (Archive)

Venezuela’s opposition-controlled National Assembly agreed Tuesday to recognize a Supreme Court (TSJ) ruling temporarily suspending four representatives from Amazonas state pending investigation into alleged electoral irregularities. Opposition legislators also introduced a law to privatize the country's Great Venezuelan Housing Mission. 

 

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Venezuelan Housing Programme Hands Over Millionth Home

Venezuela's Great Housing Mission has built 1 million homes since 2012 (telesur)

Venezuela's "Great Housing Mission" has created one million homes since the housing mission was launched by former President Hugo Chavez in 2011.

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Maduro asks Cabinet to Resign, Plans Restructuring in Face of Electoral Defeat

In Contact with Maduro (VTV)

Venezuelan President Nicolas Maduro announced today several steps to “protect the achievements of the revolution” in light of the 2/3 majority secured yesterday by the country's opposition, including a full cabinet shakeup.

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In Hard Times, Chavismo is Not Dead

(TeleSUR)

In spite of the testing circumstances, a strong sector of Venezuelans have not turned their back Chavismo, citing the advances of the revolution and the necessity of pushing ahead to build real socialism. 

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Key Factors in Venezuela as Elections Approach, Part 2

167 legislator positions are up for grabs in the National Assembly election (AVN)

Greg Wilpert continues in his analysis of Sunday's National Assembly elections, noting that despite the current economic crisis the ruling socialist party has several factors in its favor, including its ongoing committment to social programs, a weak and divided opposition, and support from social movements. 

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Venezuela and Poverty: Has the International Media’s Foolishness Reached an All-Time High?

Petare, Caracas. (Ryan Mallett-Outtrim)

Political analyst Joe Emersberger dissects a new study claiming that income poverty in Venezuela has reached an historic high of 73%, demonstrating that such a figure is incompatible with statistics proffered by the IMF and Bank of America. 

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Maduro Bets his Mustache that State Housing Mission will Finish 1M Homes before Year’s End

Maduro asked construction workers and engineers to work harder in order to save his mustache. (Photo: EFE)

Venezuelan President Nicolas Maduro pledged Wednesday to shave his mustache in the event that the Bolivarian government fails to meet its goal of completing a total of 1 million homes by year's end as part of the country's Great Housing Mission. 

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