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$5.8 Billion More in Oil Revenues and a “New Geometry of Power” for Venezuela

Speaking from La Cabrerita in the state of Anzoátegui during his weekly program Aló Presidente, Venezuelan President Hugo Chavez announced that Venezuela has recuperated US$5.8 billion annually through measures to introduce ‘oil sovereignty’ and elaborated on his vision for the “new geometry of power” in Venezuela.

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Unified Socialist Party of Venezuela Holds First Meetings

This past Saturday a second round of neighborhood meetings were held to begin the consultation process for the launching of the soon to be formed Unified Socialist Party of Venezuela (PSUV). Meetings got off to a slow start, but with much enthusiasm.

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Venezuelan Opposition Calls for “Broad Front” Against Constitutional Reform

Venezuelan opposition figures have called for the formation of a “broad front” to reject the plans to modify Venezuela’s Constitution of 1999. As the reforms have not yet been presented to the National Assembly, the exact content remains unclear, however.

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President Chavez Announces Construction of 15 New Hospitals in Venezuela

Venezuelan President Hugo Chavez announced the construction of 15 new hospitals across the country at an event in Caracas yesterday. The new hospitals, along with the remodeling of existing hospitals, make up the third and fourth phases of the Barrio Adentro (Inside the Barrio) health program.

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New Study Says Venezuelan Economy to Continue to Boom

A new paper from the Center for Economic and Policy Research looks at the Venezuelan economy during the last eight years and finds that it does not fit the mold of an "oil boom headed for a bust," as is commonly believed.

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Telecomm Commission: Venezuela's RCTV Must Follow Venezuelan Law

Venezuela’s Telecommunications Commission stated this week that the private TV channel RCTV must continue to follow Venezuelan media regulations, even though its new headquarters are in Miami.

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Labor Disputes and Oil Drill Shortage Cause Problems for Venezuela’s Oil Industry

Industrial unrest, technical challenges and corruption claims have recently plagued Venezuela’s state-owned oil company Petróleos de Venezuela, (PDVSA).

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President Chavez Announces “Socialist Cities” and Constitutional Reforms

President Hugo Chavez made several new announcements during the inauguration of the first "socialist city" near Caracas during his Sunday TV program Aló Presidente, including a proposed constitutional reform that would allow for indefinite reelection of the president, as well as the regulation of the high salaries of some state employees.

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Venezuelan Labor Leaders Call for Union Federation Elections

Various leaders of Venezuela's primary pro-government labor union, the National Workers Union of Venezuela (UNT), called on all sectors of the organization to join together and hold elections later this year.

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Venezuela Hosts Preparatory Meeting for Second Africa-South America Summit

The first preparatory meeting for coordinators of the Second South American-Africa Summit, to be hosted by Venezuela in November 2008, concluded yesterday with a focus on strengthening South-South political and economic cooperation and an agenda of specific actions to be implemented before the summit.

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Government and Business Leaders Commit to Economic Plan for Venezuela

The Venezuelan government has planned new measures to decrease its external debt and to continue the fight against inflation, announced Venezuela's Finance Minister Rodrigo Cabezas.

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ALBA Country Representatives Meet in Venezuela to Deepen Integration

The first meeting of the Bolivarian Alternative for the Americas (ALBA) Technical Committees took place this week in Caracas to discuss the various integrated projects between the ALBA nations.

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Chavez Clashes with Venezuelan Church Leaders over Constitutional Reform

In an ongoing media row Venezuelan President Hugo Chavez hit back on Monday at criticisms by Catholic Church leaders in Venezuela, who have questioned the proposed constitutional reform process, saying that the Catholic Church is interfering in Venezuelan politics, "They act as if they were a political party," he said.

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Venezuela Rejects "Intervention" of US-Proposed OAS Delegation

Secretary General of the Organization of American States, José Miguel Insulza, confirmed on Thursday that an OAS delegation will not visit Venezuela to investigate the case of private television channel RCTV.

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Venezuela's RCTV Reappears on Cable and Satellite

Private television channel RCTV will be back on Venezuelan TV screens as of next Monday, via cable and satellite, disproving claims that it was shutdown by the government. Meanwhile, private station Venevision announced it would maintain a "balanced" position in Venezuelan politics.

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