17 April 2012

VENEZUELA : Inflation And Cancer Continue To Plague Chavez.


      Venezuela has one of the world's highest inflation rates.
      President Hugo Chavez...battling an undisclosed cancer...is also fighting surging prices and growing shortages...as well as a new young challenger...in a run for yet another 6-year term in October.
     Continuing gripes about the rising cost of living are manna for his opponents...even as Hugo increases the minimum wage...and social spending.
    Economists say Chavez's responses only feed further inflation.