Hugo Chavez Takes Over the Federal Reserve

Venezuela prices up after new devaluation
CARACAS, Venezuela, Jan. 3 (UPI) -- Consumer prices soared in Venezuela as the government of President Hugo Chavez devalued the bolivar and the currency fell further against the U.S. dollar on traditional unofficial markets. It was the second Venezuelan devaluation in 12 months and follows the second Central Bank annual report in the same period confirming the Latin American country's economy continues to shrink despite its oil wealth, international trade and recovery from severe drought last ye...

Venezuela prices up after new devaluation
Source: Energy Daily/UPI Venezuela prices up after new devaluation by Staff Writers Caracas, Venezuela (UPI) Jan 3, 2010 Consumer prices soared in Venezuela as the government of President Hugo Chavez devalued the bolivar and the currency fell further against the U.S. dollar on traditional unofficial markets. It was the second Venezuelan devaluation in 12 months and follows the second Central Bank annual report in the same period confirming the Latin American country's economy continues to shrin...

Hugo Chavez's bipolar currency logic
Economy Venezuelan President Hugo Chávez announced late on January 8 the implementation of a new Exchange Rate that includes two official prices for The Dollar. The first Exchange Rate will be VEB 2.60 per dollar (previously at VEB 2.15), and the so-called "oil dollar" at VEB 4.30. The ruler also reported that the Central Bank of Venezuela (BCV), jointly with the Executive Office would step in the foreign exchange market to prevent speculative foreign exchange operations. The two official...

Fairy Tales of the Coming State of the Union: The Government Is Running Out Of Money
In "All Together Now: There Is No Deficit/Debt Problem,” I warned against the message calling for deficit reduction that the President will probably deliver in his State of the Union Address next month. I argued that there was no deficit/debt problem and that it is essential to reject the President's framing of the issue and move on cope with the real problems of The Economy and American Society. That piece stands alone. But I also think it would be useful to examine each of the specific f...

Economic Themes at the Start of 2011
3.  China’s Economic Growth appears to be moderating.  The official Dec Manufacturing ISM eased to 53.9 from 55.2 in November and compares with consensus expectations of around 55.5.  The results were in line with the private measure released last week.  The moderation was widespread including output, new orders and employment.  New export orders bucked the general trend and ticked up to 53.5 from 53.2.  Just as important, if not more so, input prices eased (t...

Britain set for rocky economic ride in 2011
An austere Tax Increase, huge cuts in state spending and rising Unemployment are all set to be unleashed on Britain in 2011, risking widespread strike action by disgruntled workers. The Conservative-Liberal coalition led by Prime Minister David Cameron insists on the need to tighten Government Spending to quickly slash the country's record public Deficit inherited from the previous administration. "The national interest dictates that we do the right thing, which is to act, not the easy thing, wh...

Is there an Iranian missile base in Cuba?
Hugo Chavez, the yanqui-hating dictator of Venezuela, will not accept Washington’s proposed emissary and has dared the United States to break diplomatic relations. It seems Ambassador-select Larry Palmer’s sin is that he did not applaud Chavez when he used his rubber-stamp parliament to perpetuate his dictatorial regime. The State Department’s limp-wristed response was to cancel the visa of the Venezuelan ambassador. That, and silence from the White House, told the megalomaniac...

US Revokes Visa of Venezuelan Ambassador
BBC reports: Washington has revoked the visa of the Venezuelan ambassador to the US, the US State Department has said. The move comes amid a diplomatic dispute between the two countries over President Barack Obama’s choice of ambassador to Caracas, Larry Palmer. Venezuelan President Hugo Chavez had been angered by comments Mr Palmer made about the country this year, and withdrew his approval of Mr Palmer. The US move in effect expels Venezuelan Envoy Bernardo Alvarez Herrera. It is not ...

Without ambassadors, US-Venezuela tensions grow
Source: Associated Pres Caracas, Venezuela (AP) — The United States and Venezuela are starting the year without ambassadors in Caracas and Washington due to an intensifying diplomatic dispute that is likely to persist and boost President Hugo Chavez's long-standing antagonism. Both sides have shown firmly entrenched stances and no willingness to Compromise in the past week as the U.S. government revoked the Venezuelan ambassador's visa in response to Chavez's refusal to accept the chosen U.S. en...

Clinton Chats With Chavez at Brazil Inauguration
Despite a simmering diplomatic row, President Hugo Chavez and US Secretary of State Hillary Clinton were seen having a brief, friendly chat at the inauguration of Brazil's President Dilma Rousseff. The encounter Saturday came only three days after the United States revoked the visa of Venezuela's ambassador in Washington, in reprisal for Chavez's rejection of the US president's appointed ambassador to Caracas. You must login to comment. The Fox Nation is for those opposed to intolerance, excessi...

Handshakes for Peace
U.S. Secretary of State Hillary Clinton, second left, shakes hands with Venezuela’s President Hugo Chavez, right, next to Colombia’s President Juan Manuel Santos, left, and Chile’s President Sebastian Pinera during the inauguration ceremony of Brazil’s President Dilma Rousseff. Watch out Bill; you might have some competition. A handshake encounter between U.S. Secretary of State Hillary Clinton and Venezuelan President Hugo Chavez has occurred at the inauguration of Braz...

Caption This: Hillary shakes hands with Chavez
Saw this photo at Andrew Malcolm’s Top of the Ticket page: Photo courtesy: AFP/Adriano Machado Look familiar? It should . The AP’s write-up : Caracas, Venezuela - President Hugo Chavez and U.S. Secretary of State Hillary Rodham Clinton shook hands and chatted briefly Saturday in a rare cordial encounter amid a diplomatic dispute that has left Venezuela and the United States without ambassadors in each other’s capitals. The handshake came as leaders were milling about at the inaug...

US considering seeking new envoy to Venezuela
WASHINGTON (AP) — The Obama Administration says it may nominate a new ambassador to Venezuela after its previous choice was rejected by the government of President Hugo Chavez. State Department spokesman P.J. Crowley said the U.S. believes it is important to have an ambassador in Caracas in order to manage relations, which have been strained by Chavez’s condemnations of the U.S. and by U.S. criticisms that Democracy is deteriorating in Venezuela. Crowley said Monday the administratio...

Without ambassadors, US-Venezuela tensions grow
CARACAS, Venezuela - The United States and Venezuela are starting the year without ambassadors in Caracas and Washington due to an intensifying diplomatic dispute that is likely to persist and boost President Hugo Chavez's long-standing antagonism. Both sides have shown firmly entrenched stances and no willingness to Compromise in the past week as the U.S. government revoked the Venezuelan ambassador's visa in response to Chavez's refusal to accept the chosen U.S. Envoy. "They thought we w...

US considering naming a new envoy to Venezuela following Caracas' rejection of first choice
Source: Associated Press US considering naming a new Envoy to Venezuela following Caracas' rejection of first choice By Associated Press 3:50 p.m. EST, January 3, 2011 WASHINGTON (AP) — The Obama Administration says it may nominate a new ambassador to Venezuela after its previous choice was rejected by the government of President Hugo Chavez. State Department spokesman P.J. Crowley said the U.S. believes it is important to have an ambassador in Caracas in order to manage relations, which have be...

Hugo Chavez and Hillary Clinton Shake Hands, Chat at Inauguration of New Brazilian President
All smiles... Venezuelan President Hugo Chavez shakes hands with US Secretary Hillary Clinton next to Colombian President Manuel Santos and Chilean President Sebastian Pinera, during the inauguration of Brazilian President Dilma Rousseff (AP Photo) foxnews.com Hugo Chavez and U.S. Secretary of State Hillary Rodham Clinton shook hands and chatted briefly Saturday in a rare cordial encounter amid a diplomatic dispute that has left Venezuela and the United States without ambassadors in each othe...

Hugo Chavez, Hillary Rodham Clinton shake hands, chat amid tensions
CARACAS, Venezuela — President Hugo Chavez and U.S. Secretary of State Hillary Rodham Clinton shook hands and chatted briefly Saturday in a rare cordial encounter amid a diplomatic dispute that has left Venezuela and the United States without ambassadors in each other’s capitals. The handshake came as leaders were milling about at the inauguration of new Brazilian President Dilma Rousseff. It was unclear what Chavez and Clinton discussed. Chavez later described the interaction as a p...

Obama dilemma: Wall Street guru or academic for key economic post?
In his weekly radio address and in a press conference just before Christmas, Barack Obama promised to train his “singular focus” on Job Creation and economic expansion.  However, as has been repeatedly noted over the last two years, no one in the senior levels of the administration has much experience in creating private-sector jobs or meeting Payrolls.   The vacancy left by Larry Summers’ Resignation as chief economic adviser gives Obama a chance to rectify that with the

Right Wing Fodder: Hillary Clinton And Hugo Chavez Shake Hands And Smile
The inauguration of Brazil’s first female president Dilma Rousseff was the sort of international diplomatic event that drew foreign dignitaries and world leaders alike, creating what some may see as inopportune photo opportunities like the image above. Yes, that’s Secretary of State Hillary Clinton sharing a felicitous handshake with Venezuelan President (and right-wing bogey man) Hugo Chavez . “We greeted each other,” Chavez told reporters at Brasilia’s airport acc...

Hillary bumps into Hugo Chavez in Brazil
BRASILIA, Brazil, Jan. 2 (UPI) -- Venezuelan President Hugo Chavez says his informal encounter with U.S. Secretary of State Hillary Clinton in Brazil was a pleasant one. Chavez and Clinton shook hands and exchanged pleasantries while both were in Brasilia for the inauguration of Brazil's new president. ""We greeted each other," Chavez told reporters at Brasilia's airport. "She had a very spontaneous smile and I greeted her with the same effusiveness." The BBC said Sunday the exchange was in shar...

Hillary Clinton Chats it Up with Venezuelan Dictator Hugo Chavez Video Report
Here is a video report on news that Secretary of State Hillary Clinton was seen having a “friendly conversation” with Venezuelan Dictator Hugo Chavez, as the two attended the the inauguration for Brazil’s President - Dilma Rousseff. Via Fox Nation ...

Hillary Clinton and Hugo Chavez: the face of Obama's engagement
A fundamental tenet of President Obama's change to believe in is diplomatic engagement with countries that are less than friendly toward los estados unidos. The friendly outreach hasn't produced much but embarrassing rebuffs from Iran, which continues down its dangerous path toward nuclear armament. Without receiving anything in return, Obama used a Recess Appointment last week to return an American ambassador to Syria, which assassinated Lebanon's president, arms Militant groups t...

Treasury prices slip after strong economic reports
NEW YORK (AP) - Treasury prices fell in the first day of trading in the new year after Manufacturing activity and construction rose more than expected. The price on the 10-year Treasury note slid 31.3 cents per $100 invested Monday. Its yield, which moves in the opposite direction, rose to 3.34 percent from 3.29 percent late Friday. Manufacturing activity rose last month at the fastest pace since May, while construction spending edged up in November for the third straight month. Those reports ...

Treasury prices slip after upbeat economic reports
NEW YORK (AP) - Treasury prices are falling in the first day of trading in the new year after Manufacturing activity and construction rose more than expected. The price on the 10-year Treasury note slid 37.5 cents per $100 invested Monday. Its yield, which moves in the opposite direction, rose to 3.34 percent from 3.29 percent late Friday. Manufacturing activity rose last month at the fastest pace since May, while construction spending edged up in November for the third straight month. Those r...

Stocks recovery rally to continue
NEW YORK (CNNMoney) -- Stocks have had a great run since bottoming out nearly two years ago, and Wall Street experts anticipate 2011 to be no different. Investment Strategists and money managers expect the S&P 500 to rise 11%, on average, according to an exclusive CNNMoney survey. In fact, not one of the 32 experts surveyed by CNNMoney think the S&P 500 will decline this year. Email Print Comment "Everything seems to be in place for the Stock Market to rise," said Weeden &...;