English Edition Nº 97

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page 7 | Analysis

page 8 | Opinion

Is Venezuela the next US target: After Iran, Venezuela?

Philosophers from around the world reflect on Latin America and social progress

Friday | January 13, 2012 | Nº 97 | Caracas

ENGLISH EDITION The artillery of ideas

Iran and Venezuela: Axis of evil or axis of peace and sovereignty? A program for jobs & knowledge Venezuelan President Hugo Chavez jump-started 2012 with a major comeback on his Sunday program, Alo Presidente. The Venezuelan head of state announced the creation of new program to stimulate employment, job skills and the necessary know-how to capacitate millions of Venezuelans and enable them to enter the workforce. Nearly 3 million new jobs will be created under the program over the next seven years. Chavez also discussed the expansion of oil and gas production in Venezuela and announced production will increase by 500,000 barrels daily to a 3.5 million barrel output per day. | page 4

Despite mass media hype and warnings from Washington, Iran and Venezuela are not plotting the next terror attack on the United States Iranian President Mahmoud Ahmadinejad stopped first in Venezuela on his four-country Latin American tour this week, where he met with President Hugo Chavez and signed several additional commercial agreements to further strengthen relations. The visit came as Washington intensified sanctions against Iran and warned Latin American nations not to receive the Iranian leader or to increase relations with the Persian nation. In response to Venezuela’s openness with Iran, Washington expelled a Venezuelan diplomat serving as Consul General in Miami and warned that further actions could be taken against the South American nation. Presidents Chavez and Ahmadinejad reiterated their agenda against US aggression and in pro of policies to combat poverty, exclusion and hunger. | pages 2-3

Politics

Peru & Venezuela strengthen ties Peru’s new president Ollanta Humala made his first official visit to Venezuela this week. | page 5

Reducing judicial delays Prison reform is a top priority for the Venezuelan government as it cracks down on judicial efficiency.| page 5

Opposition candidate Leopoldo Lopez An exposé of candidate Lopez, known for his prettyboy looks and corrupt actions.| page 6

No World Bank for Venezuela

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enezuela will pull out of a World Bank-affiliated arbitration panel and won’t accept any of its rulings, including a multi-billion claim for a nationalized oil project by ExxonMobil, President Hugo Chavez said. The Washington-based International Center for Settlement of Investment Disputes, or ICSID, is considering Exxon’s claim in one of about 20 suits

filed there against the Venezuelan government. Wichita, Kansas-based Koch Industries Inc. and Owens-Illinois, Inc., the world’s largest maker of glass containers, are among other companies seeking compensation. “We won’t recognize any decisions from the ICSID”, Chavez, who has nationalized assets in the energy, mining and telecommunications industry during

his presidency. Exxon is “seeking the impossible, that we pay more than deserved”. Exxon, the world’s largest oil company by market value, left Venezuela after an area of investment in the Orinoco River Basin was nationalized in 2007 and the US corporation refused to abide by the new terms. The New York-based International Chamber of Commerce, an arbitration court, ruled last month that state

Venezuela helping Haiti

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his week Haiti commemorates the 2nd anniversary of the devastating magnitude-7 earthquake that left 316,000 dead and 1.5 million homeless. The Haitian government is stepping up its resettlement campaign to resolve the problem of displacement, as many remain in makeshift camps and await the full reconstruction of their nation. Venezuela was one of the first countries to deliver emergency assistance to Haiti after the devastating earthquake on January 12, 2010, and in the two years since, it has remained committed to helping rebuild Haiti by sending humanitarian aid workers, supplies, fuel, financial resources, and other types of aid. Now, Venezuela is helping provide permanent homes for the displaced. Haitian President Martelly said in December that Venezuela has already helped build 4,000 new houses through the energy program PetroCaribe. Venezuela is the country that has offered the most aid to the Caribbean nation, which is the poorest in the hemisphere.

oil company PDVSA must pay Exxon a net $746.9 million for the Cerro Negro nationalization. PDVSA said it would pay $255 million in cash for the ICC judgment, after accounting for about $300 million in a frozen New York bank account and $191 million of Exxon debt that it will cancel. The total amount of the ICC ruling was for $907.6 million, minus a $161 million counterclaim by PDVSA. Exxon originally demanded $12 billion.


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