U.S. critics of Modern Monetary Theory who point to Venezuela’s hyperinflation are missing the big difference between the two countries.
With a little help from its friends, Venezuela is now one step closer to building its first nuclear power plant. After a two-day stint in Moscow, President Hugo Chavez has received the support of Russia for the construction of a nuclear power station aimed at diversifying the country's energy supply.
Tensions are running high, and relations running low, between Colombia and Venezuela. The latter's president, Hugo Chavez, told his generals to prepare for war, while the Colombian government announced a new base on the countries' border and activated six air battalions.
The U.S. plans to move its anti-drug operations from Ecuador to Colombia, which is just a little too close for Hugo Chavez, who said "the winds of war were beginning to blow." Luis Inacio Lula da Silva added, "As president of Brazil, this climate of unease disturbs me."