Latin America

Venezuela Devalues Currency by 32%

The Venezuela government devalued the official exchange rate for the country’s currency, the Bolivar, by 32% as ailing President Chavez, hospitalized in Cuba, expressed his concern over the economy via other members of his cabinet.

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Despite Offer of Direct Talks, U.S. Intensifies “Sanctions-Centric” Economic War Against Iran

The Obama administration is ratcheting up its economic war against Iran ahead of nuclear talks slated for Kazakhstan later this month. Last week, the White House announced a new expansion of sanctions that pressure countries buying Iran’s oil to withhold direct payments and instead force Iran to purchase their goods. The Treasury also widened the sanctions list to include Iranian state media.

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This Week in Palestine (Feb. 2-8)

While Palestinian factions are meeting in Cairo to work out details of implementing the reconciliation agreement between Fatah and Hamas, Israel conducted around 82 military incursions into Palestinian communities in the West Bank and the Gaza Strip.

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Statuettes of Virgins to Chavez in Cuba

The Cuban press reports that Venezuelan President Hugo Chavez received on Tuesday two statuettes of virgins from his country to help with his recovery from cancer surgery. They were delivered by VP Nicolas Maduro, Foreign Minister Elias Jagua and Attorney General Cilia Flores.

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Decade After Iraq WMD Speech at U.N., Ex-Powell Aide Lawrence Wilkerson Debates Author Norman Solomon

Ten years ago this week, a defining moment occurred in the Bush administration’s push to invade Iraq. On Feb. 5, 2003, then-Secretary of State General Colin Powell addressed the United Nations Security Council. His message was clear: Iraq possessed extremely dangerous weapons of mass destruction and Saddam Hussein was systematically trying to deceive U.N. inspectors by hiding prohibited weapons.

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