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Sunday’s reelection of Chávez disappointed many Venezuelans, but, with gubernatorial elections in December, Henrique Capriles and the opposition still may pose a threat to Chávez’s political aims in the future. Meanwhile, Chávez hails his reelection as evidence of Venezuela’s “perfect” democracy, despite the unfair playing field. Chávez also criticizes U.S.-Syria policy in his first press conference after the election, while vowing to deepen his socialist revolution in Venezuela. Yet his victory spurs further emigration as Venezuelans predict more economic woes. On Wednesday, Chávez named Foreign Minister Nicolas Maduro as his new Vice President to replace Elias Jaua. And with the end of 2012 only three months away, the Venezuelan inflation rate is expected to rise to 21 percent by the end of the year. Meanwhile, Chávez’s reelection raises worries among manufacturers from Coca-Cola to Colgate, with the threat of currency devaluation looming.
Chavismo Wins, Venezuela Loses, The Wall Street Journal
It was around 9 p.m. in Caracas on Sunday when opposition presidential candidate Henrique Capriles Radonski tweeted his followers: “Calm, prudence, patience. Today was a great historic day. The people spoke.” Chávez also used his first press conference following his reelection to criticize U.S. Syria policy.
Venezuelan opposition candidate Capriles may still pose future threat to Chavez, The Washington Post
CARACAS, Venezuela — His loss in Sunday’s presidential election was resounding, but in conceding defeat before tearful followers, Henrique Capriles hinted at an active political future that may yet pose a challenge to President Hugo Chavez’s self-proclaimed socialist revolution.
Venezuela’s Hugo Chavez wins 3rd term, vows to deepen socialist revolution, NBC News
CARACAS, Venezuela — President Hugo Chavez scored a comfortable election victory that could extend his rule to 20 years and vowed to deepen his self-styled socialist revolution after a bitterly fought race against a youthful rival who has galvanized Venezuela’s opposition.
Venezuela’s Chavez hails “perfect” democracy, mocks tyrant image, Reuters
(Reuters) – An ebullient President Hugo Chavez on Tuesday hailed his comfortable re-election as evidence of Venezuela’s “perfect” democracy and mocked his foes’ depiction of him as a dictator.
Venezuela’s Chavez criticizes US over Syria policy, Kansas City Star
In his first press conference since winning reelection Sunday, President Hugo Chávez said he was willing to work with the opposition even as he doubles down on his socialist reforms.
Chavez Victory Spurs Exodus as Venezuelans Foresee Economic Woes, Bloomberg Businessweek
Juan Ibarra, a 35-year-old surgeon from Caracas, is preparing to emigrate after Venezuelan President Hugo Chavez won another six-year term on Oct. 7.
Venezuela’s Chavez names Maduro vice-president, Reuters
(Reuters) – Venezuelan President Hugo Chavez named Foreign Minister and former bus driver Nicolas Maduro as his new vice president on Wednesday in a Cabinet shake-up following his comfortable re-election.
Inflation rate estimated at 21% ending 2012, El Universal
On Tuesday, the Central Bank of Venezuela (BCV) published the results of the performance of the National Consumer Price Index (NCPI) in September, resulting in a monthly variation of 1.6% for an accrued amount of 11.5% and annualized inflation at 18%.
Colgate: not toasting Chavez’s return, Financial Times
How do you toast the victory of Hugo Chávez, Venezuela’s socialist president, who last Sunday won another six-year term, reconfirming him as one of Latin America’s most commanding political figures?