Topic - Petroleos De Venezuela Sa

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  • Illustration: Hugo Chavez

    BAILEY: Terror funding is risky move

    On Sept. 26, a majority of the Venezuelan people voted against the candidates of dictator Hugo Chavez, although because of blatant gerrymandering, his party will still have a majority in the new National Assembly when it convenes in January. There is little or no likelihood that there will be any change in Mr. Chavez's policies or practices as a result of his electoral setback. Indeed, since the election, he has more aggressively than ever pursued his goals of concentrating power in his government and in the state, confiscating dozens of additional private companies and much agricultural land. He already for some time has controlled all the instruments of state power and the great majority of the media.

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