Chávez seeks to strip the central bank formally of its autonomy, giving him the power to dictate monetary policy and the spending of excess foreign reserves. Another measure would eliminate an already neglected rainy-day fund. Polls released in the past week have found support for Chávez's proposal tied or trailing opposition among likely voters, after months of surveys showing it was likely to pass.
Go to article > Still, the banks may be thriving too much for the government's liking. Chávez warned last month that the state could take over the sector if it did not offer low-cost financing to domestic industries. Among the institutions that would be affected by such a move are Citigroup, which is based in the United States, and the Spanish banks Santander and BBVA, which control lucrative outlets here.
Go to article > Venezuelan players will have a chance to prove they are on par with the Dominicans when the two teams meet in the first round of the World Baseball Classic on Tuesday in Orlando, Fla. "This is the best moment to let the world know about Venezuela," Detroit Tigers shortstop Carlos Guillen said during the Caribbean Series.
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