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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Elroy who wrote (319910)	1/10/2007 7:53:01 PM
From: tejek	Respond to of 1577814

So much for South American socialism: Chavez plans spur Venezuela selloff POSTED: 0713 GMT (1513 HKT), January 10, 2007 CARACAS, Venezuela (AP) -- Investors spooked by President Hugo Chavez's nationalization plans rushed to sell off Venezuelan stocks Tuesday, while U.S. officials and financial analysts warned that increasing government control in the power, telecom and oil sectors is a mistake. Don't confuse Chavez with the real thing: Brazil President to Lead Poverty Crusade By PETER MUELLO, Associated Press Writer Brazil - A grade school dropout and ex-factory worker, President Luiz Inacio Lula da Silva vividly recalls his struggle to survive in Brazil's backwoods and urban squalor. Now, Silva hopes to lead a global crusade to help the world's needy. Silva leads a list of 56 heads of state and government who are to attend the conference Action Against Hunger and Poverty which starts Monday at the United Nations (news - web sites). Brazil has drawn up proposals to raise money for the world's poor, ranging from taxes on arms sales and financial transactions to creating special bonds and raising outlays from the International Monetary Fund (news - web sites). The need is dire. Latin American economies shrank 1 percent since 2001, and the number of desperately poor in sub-Saharan African has nearly doubled since 1981, to 314 million. The United Nations and the World Bank (news - web sites) say aid to poor nations must be increased by some $50 billion a year through 2015. But the problems are equally daunting. Few expect immediate results, and Silva admits that just calling the world's attention to the problem will be a victory. The "Zero Hunger" program to feed the poor was a cornerstone of Silva's domestic policy. But his plans to take the program global depend on where the funding will come from. President Bush (news - web sites) won't be at the meeting. The problems of developing nations will take a back seat in the United States, the world's richest nation, at least until the presidential election in November. Bush is sending Agriculture Secretary Ann Veneman to represent the country at the meeting. Read more........... fsa.ulaval.ca