page 7 | Analysis
page 8 | Opinion
The lawless lawyer: An expose of Venezuelan opposition candidate Henrique Capriles Radonski
Declassified documents show US army sought radiation to kill cold war leaders
Friday | January 6, 2012 | Nº 96 | Caracas
Venezuela takes win in case against Exxon An international arbitration court has issued a favorable ruling for Venezuela’s stateowned oil company, Petroleos de Venezuela, S.A. (Pdvsa), after US oil giant Exxon sued for over $12 billion. Exxon sought the damages after the Venezuelan government nationalized an oil resource rich area of the country where Exxon had invested $750 million. Exxon was one of just two companies, together with US corporation Conoco Phillips, that refused to abide by the new government regulations after the Orinoco’s reserves were nationalized, despite generous state offerings to keep the foreign investors in place. Companies from Europe, Asia and the Middle East have happily maintained their investments in Venezuela. | page 4
ENGLISH EDITION The artillery of ideas
2011: A year of great challenges and advances in Venezuela Major progress in housing solutions, poverty reduction, regional integration and infrastructure development was made in 2011, the year that President Hugo Chavez also came up against his most powerful enemy: Cancer
Overcoming economic difficulties and natural disasters, Venezuela sailed through 2011 with an emphasis on social investment, democratic participation and worker’s rights. Latin American integration was also another highlight of 2011 in Venezuela and throughout the region, as the Chavez government hosted the most important historical event in Latin America in 200 years: the founding of the Community of Latin American and Caribbean States (Celac). President Chavez himself confronted great obstacles this year as he battled with cancer and had to slow down his workload to undergo treatment. But, as the nation rebounded from its crises, so did the Venezuelan head of state, ending the year with a clean bill of health. | pages 2-3
Economy
Venezuela’s GDP to grow in 2012 The South American nation’s GDP grew 4% in 2011 and prospects are even better for this year. | page 4 Social Justice
Housing program achieves goal 144,000 new homes were built in 2011 as part of a public housing program for those in need.| page 5 Social Justice
Simon Bolivar youth orchestra takes the world The dynamic symphony led by acclaimed Gustavo Dudamel has garnered international acclaim.| page 6
Despite global crisis, no rise in unemployment & poverty in Venezuela T/ AVN
“T
he decline of the global economy didn’t have an important impact on the Venezuelan economy in terms of unemployment and poverty rates. We were able to maintain an employment policy, there was no increase in poverty at all”, said president of the National Institute of Statistics (INE), Elias Eljuri, on Wednesday.
In a televised interview, Eljuri noted that Venezuela’s gross domestic product (GDP), which rose by 4 percent during 2011, was among the country’s achievements, along with preserving employment and reducing poverty and strong policies of social investment aimed at guaranteeing health and education. “Social investment during this period went from 36 to 62 percent, which was the main
element in ensuring an unemployment rate no more than 8 percent, and we ended this year with about 6 percent”, he explained. Eljuri stressed that these policies of social investment set Venezuela apart from other economies in the world, such as the US, where unemployment has risen and social benefits have been reduced despite an increase in the GDP.
Alo Presidente returns on Sunday
V
enezuelan President Hugo Chavez plans to resume on Sunday his popular weekly radio and television program “Hello President”, which went off the air for seven months after the South American leader was diagnosed with cancer. The program was broadcast for the last time on June 5 after running almost every Sunday since Chavez became Venezuela’s President in 1999. It is broadcast by Radio Nacional de Venezuela and state television VTV and other local stations. Chavez was unable to appear for some of the broadcasts in April and May after flu and a sore knee forced him to stay away from political activity for several weeks. He halted the broadcasts in June, after undergoing surgery to remove a cancerous tumor in his pelvic region. Chavez uses the “Hello President” broadcasts as a tool of his government to communicate decisions with the public about his management and development of ideas on different themes. He has run the programs for as long as eight hours at a time. The programs are interactive with live audiences and allow for spontaneous participation from the public.
According to Eljuri, Venezuela’s GDP has tripled in real terms under the current government, jumping from $90 billion to $300 billion. “The important thing is not only the growth of the economy, but the decrease in inequality, because it’s useless to say that the economy and employment increased while poverty increased, because that would mean that those resources are not reaching sectors they should”, he said.