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Presidential Elections In Venezuela Oct. 7

Live And Invest Overseas by Live And Invest Overseas
Oct 03, 2012
in Mailbag
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Maracaibo, Venezuela - March before elections to the Palace of Justice.
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“This Sunday, Oct. 7, Venezuela goes to the polls to choose the guy who will run this show for the next six years,” reports our Editor Denis Foynes. “The candidates are Henrique Capriles Radonski, the young, energetic governor of the state of Miranda, and the controversial incumbent since 1999, Hugo Chavez.

“‘It’s like Chavez in 1998, when he won the presidency. But Henrique has surpassed that. He is closer to the people. We’ve never had a candidate like him,” one excited shopkeeper, Andrea Gomez, exclaimed.

“Meanwhile Henrique rallies his crowd: ‘I think this is the biggest rally Caracas has ever seen, Bolivar Avenue is too small for us,’ he cries.

“Under Chavez’s rule, political instability has been the norm, with an attempted coup, economic mismanagement, and constant protests. The country’s crime rate has never been higher.

“This background is shaping a unique election. This is the first time in Chavez’s three terms that he has faced a creditable candidate. Capriles has managed to unite more than 30 opposition parties under his campaign, and political analysts today are calling the election a dead heat. Capriles claims his political inspiration is former Brazilian President Lula da Silva, who courted businesses and investors while also developing social programs. It is Brazil’s successful economic plan that Capriles says he wants to bring to Venezuela.

“Venezuela is a country of stunning beauty with its rain forest, rolling hills, and long coastline. If Capriles wins the presidency next week and power passes peacefully, it will be time for investors to return their attention to a market most of the world has abandoned in recent years. As a result, this country’s glorious white-sand beaches are seriously under-valued…”

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