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Venezuela jails 100 'bourgeois' businessmen in crackdown

(Reuters) - (Recasts with Maduro speech) By Andrew Cawthorne and Deisy Buitrago CARACAS, Nov 14 (Reuters) - Venezuela's socialist government has arrested more than 100 "bourgeois" businessmen in a crackdown on alleged price-gouging at hundreds of shops and companies since the weekend, President Nicolas Maduro said on Thursday. "They are barbaric, these capitalist parasites!" Maduro thundered in the latest of his lengthy daily speeches. "We have more than 100 of the bourgeoisie behind bars at the moment."

Venezuela business leader says Maduro forcing 'failed' economic model

By Andrew Cawthorne CARACAS (Reuters) - The man President Nicolas Maduro named as public enemy No. 1 in Venezuela's "economic war" says a discredited state-driven growth model, not private enterprise, is to blame for the OPEC nation's soaring consumer prices and chronic product shortages.

Venezuela bonds sink after Maduro moves against retailers

By Brian Ellsworth CARACAS (Reuters) - Venezuelan bonds dropped sharply on Tuesday after President Nicolas Maduro ordered a military takeover of an electronics chain and authorities arrested dozens of people for purported price gouging. Maduro's "economic offensive" to tame inflation running at over 54 percent has also included arrests of 28 people since Saturday for allegedly selling goods at "speculative" prices, sparking concerns about the overall economic and political panorama.

Rio club has hit with Che Guevara shirt

By Andrew Downie SAO PAULO (Reuters) - A Brazilian soccer club has won fans and commercial success with a new strip featuring the face of Cuban revolutionary Che Guevara. Madureira, a third division team from Rio de Janeiro's gritty north side, put Che's famously bearded face on their seven-a-side shirts to commemorate a tour of the island they made 50 years ago. The goalkeeper's jersey is designed exactly like the Cuban flag.

Venezuela decrees day of 'loyalty and love' for late Chavez

The OPEC nation will celebrate the "Day of Loyalty and Love for Supreme Commander Hugo Chavez and the Fatherland" each year.

Venezuelan president accuses Twitter of attacking account

Venezuela's President Nicolas Maduro has accused Twitter of attacking his Twitter account and those of some of his ministers as part of a right wing plot. "We've uncovered a massive attack by the Twitter company and the international right against the accounts of Bolivarian patriots and Venezuelan Chavistas, coming from various parts of the world," Maduro said Thursday evening, accusing the company of removing several thousand of his followers. A Twitter spokesperson declined comment.

Cuba announces end to dual currency

Cuba announced Tuesday it was ending an unpopular 19-year-old dual currency system that has contributed to a growing wealth gap between Cubans with access to dollars and those without. The official Communist Party newspaper Granma said the new unified currency would be phased in over time. Under the current system, Cuba exchanges dollars received through tourism, trade and overseas remittances into convertible Cuban pesos at a rate of one for one.

Cuba replaces top editor at Communist Party newspaper

Cuba has replaced the editor of the Communist Party newspaper Granma, it said Wednesday, signaling possible changes in the island's hidebound state media. Granma said Lazaro Barredo, 65, who was considered a rigid proponent of communist orthodoxy during his eight years as editor, was replaced by Pelayo Terry, 47, the editor of Juventud Rebelde, the mouthpiece of the Communist Youth. The brief front page announcement gave no reason for the change at the top of the influential newspaper.

Bolivia, Ecuador spur efforts to monitor energy companies' conduct

La Paz, Oct 4 (EFE).- Bolivian President Evo Morales said Friday that he and Ecuadorian counterpart Rafael Correa will promote the creation of a body to monitor the conduct of multinational oil and gas companies in Latin America. That was one of the agreements reached during a meeting of the leftist leaders Thursday in central Bolivia, Morales said in a press conference. "There are oil companies like Chevron that pollute, have lost lawsuits brought by the Ecuadorian people and the indigenous movement, yet this company sues the government" of Ecuador, Morales said.

Venezuelan presidential advance plane in airport mishap

A Venezuelan government plane carrying an advance team for President Nicolas Maduro suffered a mishap Wednesday when the aircraft's front tire blew on landing in Bolivia, officials said. Fifty passengers and crew were safely evacuated from the US-made Hercules C-130 in Cochabamba, 400 kilometers (240 miles) east of La Paz. Maduro was expected in Bolivia on Thursday for regional talks with Bolivian President Evo Morales and Ecuador's President Rafael Correa.
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