Overnight open thread (genghis)

"The future's so bright I've gotta' wear shades" (Timbuk3)

From CNN: Venezuelan El Presidente for Life Hugo Chavez orders troops to take over rice plants. Que? There must be millions upon millions of rice plants in the country. They’re well-armed, I might add, and quite capable of defending themselves. Or am I just misreading the headline? Could be he’s simply talking about adopting the new American economic system. (original format of article condensed to save pixels)

” (CNN) -- Venezuelan President Hugo Chavez has ordered troops to immediately take over rice-processing plants in his country, accusing some businesses of ignoring prices set by the government. "What are some of the sectors of the agricultural industry doing? They buy rice from producers, and they don't want to produce regulated rice," Chavez said in a televised address Saturday. "Well, I've ordered the intervention, starting right now, of all those sectors of the agricultural industry." Chavez did not say how long the takeover will last, but warned that some companies could be nationalized if they tried to interrupt supplies.

“Since winning re-election in 2006, Chavez launched a campaign to nationalize strategic segments of Venezuela's economy, including cement companies, a steel mill and oil ventures. Last month, Venezuelans approved a Chavez-backed constitutional referendum that allows him to run for a third six-year term in 2012.”

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posted by xgenghisx at 12:14 AM

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