In a television programme broadcasted to the whole of the country on July 31st, President Chávez announced the nationalisation of Banco de Venezuela, the Venezuelan bank owned by the Spanish banking multinational Grupo Santander. "We are going to ...
"There is something obscure here because its owners first were desperate to sell and now they are saying they do not want to sell it to the Venezuelan state. We are going to nationalize it so that it is put at the service of the Venezuelan people." He ...
Meanwhile Hillary Clinton and Barack Obama, both suggested they may lift the trade embargo on condition that Cuba pursues "democratic reform". The main European powers also added their advice, saying that Castro's retirement could open the road to ...
The turnout was low, and this worked against the PPP. No figure was yet available from the Election Commission about the turnout from about 82 million registered voters at polling stations across the country. But reports from all the four provinces ...
The question of leadership After all the talk about socialism the fundamental tasks of the socialist revolution have not been carried out. In essence this is a problem of leadership. Hugo Chávez has shown himself to be a fearless anti-imperialist ...
This was a crime against the workers and peasants of Pakistan, a bloody provocation intended to cancel the elections that the PPP was sure to win and to provide the excuse for a new clampdown and the possible reintroduction of martial law and ...
A whole number of factors contributed to this result. The bourgeoisie have in their hands powerful instruments for shaping public opinion. They organised a full mobilisation of the reactionary media in a hysterical campaign of lies and slander against ...
Nawaz Sharif, who was deported to Saudi Arabia after only four hours in Pakistan, was permitted to return home at the insistence of the Saudis, allies and paymasters of both Musharraf and Sharif. The Saudi royal family took Sharif back on the ...
Northern Rock was the fifth biggest bank in Britain. It had adopted the model developed by many of the major banks in the U.S. Instead of the traditional method of maintaining sufficient capital to back up the loans on their books, they depended on ...
An epoch-making discovery Once every century or so great scientific breakthroughs grip the imagination of the world. With the publication of the results of the human genome project, we stand on the threshold of such a breakthrough. Science is now ...
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