[Cincinatus' Wife]

Put Politics Before Economy - Venezuela's Chavez Slams Pan-American Trade Pact*** Chavez proposed instead a social and political pact called the Bolivarian Alternative for the Americas, named after Simon Bolivar, the 19th century general who struggled in vain to politically unite South America. "We don't even need anything like Mercosur (a trade bloc grouping Brazil, Argentina, Paraguay and Uruguay), because we can't put the economy first in terms of integration. Political unity needs to come first," he said.

Chavez's opponents, who have organized months of violent protests, accuse him of authoritarian, communist-style rule in the world's No. 5 oil exporting nation. One person was killed and 22 hurt on Saturday when shooting erupted at an anti-Chavez rally in Caracas. The Venezuelan leader declined to comment on the violence, which came a day after government and opposition negotiators agreed to a pact that could lead to a referendum on his rule. ***

_________________________________________________

Venezuela's Government, Foes Agree Referendum Pact - Disarm civilian population*** In the 19-point accord, both sides agree to shun violence, respect democracy and hold referendums for the president and other elected officials as laid down in the constitution. The accord also endorses plans to disarm the civilian population. At least 50 people have been shot to death and several hundred injured in political violence over the last 18 months.

Both government and opposition negotiators hailed the political pact as a mechanism to reduce tensions. "This clears the path to a referendum as an electoral solution to the political crisis," opposition representative Alejandro Armas told reporters. Venezuela's constitution allows for a recall vote on the president's rule once he has completed half of his six-year mandate. In Chavez's case, this is Aug. 19. To trigger the referendum, the opposition must collect signatures from 20 percent of the electorate.

The government also insists that the National Assembly must first select a new National Electoral Commission. But the assembly, where pro-Chavez deputies hold a slim majority, is still haggling over candidates for the electoral authority which would verify the signatures for a referendum and set a date for the vote.***

________________________________________________

There won't be much of a market left in this region if Latin America continues to turn Left.

[hedgetrimmer]

Considering that Fidel Castro is in Argentina, as we speak, to celebrate the inaugration of the new president, I would say that most of Latin America is about to veer extremely and violently left.