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Venezuela fights corruption despite opposition lobbying at international organizations
Missing the point on Venezuela: media bias, speculations and omissions
Friday | September 16, 2011 | Nº 81 | Caracas
ENGLISH EDITION The artillery of ideas
China and Venezuela forge strategic alliance
CITGO lights up US communities
President Chavez entered into an agreement this week allowing for a major, long-term investment from China in Venezuela’s development. The initiative is part of the growing multipolar world. The Venezuelan head of state welcomed the visit of the “Great Asian Giant”, represented by the head of China’s Development Bank, which has over $30 billion invested in development projects in the South American nation. Chavez hailed the relationship with China as an example of how great powers “don’t need to be empires or dominate others to have strategic relations”. President Chavez also announced he won’t attend the UN General Assembly, but will continue to denounce the “US/NATO aggression against Libya”. He also said Venezuela supports an independent Palestinian state. | page 6
Youth at the heart of Revolution
The youngest members of the United Socialist Party of Venezuela (PSUV) celebrated their 3rd anniversary this week as a key component of the Bolivarian Revolution. Representing the vanguard of the party, thousands of PSUV youth rallied on the nation’s capital in support of their candidate for next year’s presidential elections, Hugo Chavez. Recently, the Chavez administration created a Youth Ministry to specifically address and include the voices of youth in government. | page 3
T
Impact
Venezuela rejects US sanctions Washington has threatened the oil-producing nation again with unilateral actions. | page 2
Politics
Presidential elections set for October 2012 Venezuela is gearing up for the battle of 2012, with Chavez as the top runner. | page 4
Politics
Fighting judicial corruption A new judicial discipline court aims to transform Venezuela’s legal system. | page 5
Foreign reserves used to create jobs
I
n Venezuela, alternative economic programs involving social production and job creation are being financed with money that “would’ve been part of the international reserves, in some other place of the world, losing real value”, announced President Hugo Chavez. Those projects include a cotton plant located on the banks of the Orinoco River (one of South America’s largest rivers) and the Apure River, and the major housing construction in Ciudad Caribia, a government-funded urban complex for which President Chavez
approved an investment of $800 million on Monday. During a television interview, the President pointed out that Venezuela has a number of ongoing projects financed with “these dollars that otherwise would be in US and European banks losing more value every day”. Chavez reiterated the importance of the National Development Fund (FONDEN) and the modification of the Central Bank Law to rescue those resources in order to finance economic and socially-productive projects.
He also highlighted the role of the Union of South American Nations (UNASUR) in creating the Bank of the South. “Venezuela has been charting new waters. And I refer to the dollar, which is growing more worthless every day – while it still has exchange value in the world, it is not sustainable anymore”, said Chavez, pointing out the progress made by Latin American integration efforts with respect to creating a mechanism of exchange and financial unity that is secure and sustainable and not dependent on the dollar.
he CITGO-Venezuela Corporation will donate 30,000 energy-efficient, compact fluorescent light bulbs to low-income households in Milwaukee County, Wisconsin, through the county’s Social Development Commission (SDC), which plans, coordinates and offers programs to help low-income families. The compact fluorescent light bulbs use considerably less electricity than traditional light bulbs, have a longer life and save significantly more energy in households where they are used. The light bulbs donated by the CITGO-Venezuela Energy Efficient Lighting Program will be distributed by the SDC to families and individuals participating in the Low Income Home Energy Assistance Program (LIHEAP). CITGO, based in Houston, is a refiner, transporter and marketer of transportation fuels, lubricants, petrochemicals and other industrial products. The company is owned by PDV America, Inc., an indirect wholly owned subsidiary of Petroleos de Venezuela, S.A., the national oil company of Venezuela.