The government now control awide range of newspapers and television and radio stations

The government now control awide range of newspapers and television and radio stations. The Venezuelan government considers itself engaged in a”media war” against privately owned news organizations itaccuses of distorting the truth. Cabello said television and radio stations that do notfollow the order and keep broadcasting Cedice’s publicity willface sanctions. Cedice is Venezuelan group that promotes economic freedomand property rights and has been critical of Chavez policies. Chavez denies he opposes private property and points outhis government has given thousands of householders and smallfarmers deeds making them property owners. A close ally of Cuba’s Castro brothers, Chavez hasnationalized most of Venezuela’s major industries, includingoil, steel, power and telecoms. Critics claim the new rules will allow the government toeasily expropriate homes and businesses.

Cabello said the advertisements “manipulated theminds” of Venezuelans. Venezuela’s national assembly is discussing a bill thatwould introduce “social property” — such common property ownedby a community or an organized group like a cooperative. CARACAS, July 3 (Reuters) – Venezuela pulled the plug onFriday on a publicity campaign against the left-winggovernment’s proposed changes to property legislation thatcritics dub “the Cuban law.” Bonds  |  Cuba Diosdado Cabello, a senior official who heads theOPEC-nation’s broadcasting watchdog, ordered conservativethink-tank Cedice to withdraw a series of advertisements thatinclude depictions of naked pregnant women along with theslogan “the social property law takes away what’s yours.” “What is at stake here is the health of the Venezuelanpeople,” said Cabello, an influential confidant of PresidentHugo Chavez. OTTAWA, ONTARIO, Jul 03 (MARKET WIRE) — The Honourable Tony Clement, Minister of Industry, Minister responsiblefor FedNor and Member of Parliament for Parry Sound-Muskoka, will attendthe G8 Summit in L’Aquila, Italy, from July 8 to 10, 2009.Contacts:Office of the Honourable Tony ClementMinister of IndustryPema Lhalungpa – Press Secretary613-995-9001Industry CanadaMedia Relations613-943-2502Copyright 2009, Market Wire, All rights reserved.-0-.

Bonds  |  Mexico Agustin Carstens, speaking at a meeting of financeministers from the Americas, rejected the view of some analystswho have said the country could be downgraded absent key fiscalreforms (Editing by James Dalgleish) Bonds Mexico. ($1=.7133 euros) (Additional reporting by Boris Groendahl in Vienna; Editing byChristian Wiessner) Stocks Mergers & Acquisitions Bonds Russia Mexico. VINA DEL MAR, Chile, July 3 (Reuters) – Mexico’sinvestment-grade ratings should be maintained and there is noreason for them to be changed by credit rating agencies, thecountry’s finance minister said on Friday. Debt refinancing could double Cemex’s annual interestpayments to about $2 billion a year, an amount the company canafford but that would constrain its profitability. Debt talks are likely to continue despite the failure ofthe Strabag deal. “We think it by far more important the agreement that Cemexreached with Holcim to sell assets in Australia,” Actinverbrokerage said in a report. Cemex agreed last month to sell its Australian operationsto one of its main rivals, Switzerland’s Holcim (HOLN.VX),albeit it at a fire-sale price of $1.6 billion, about half whatit paid in 2007.

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