This Sunday’s Venezuelan election promises to have an impact far beyond the borders of Venezuela, defining not only the legacy of President Hugo Chávez, but also the future of his political movement in Latin America. It appears increasingly likely that opposition candidate Henrique Capriles can defeat Chávez, thanks to a strong finish to his campaign, while the normally vibrant Chávez has stumbled across the finish line. The supposed successes of Chávez’s policies have come under increased scrutiny lately, and evidence of massive government mismanagement and failed social programs is disillusioning Venezuelans. The country has given away money and oil to Cuba and Iran, among others, and these programs would likely be the first to go should Chávez lose. This is exciting investors, who are betting on a Capriles victory in hopes that he will rescue the oil industry and the country’s economy, dramatically increasing the value of its bonds. Regardless of the election’s outcome, the victor will face the difficult task of solving many deep-seated problems in the country, the result of years of waste and neglect.
Venezuelan elections about more than Hugo Chavez’s legacy, CNN
You can find the ideological divide in Venezuela at almost any gas station. A Hummer rolls in and fills up for just $2 and its owner gives a thumbs-up.
Trading Places, New York Times
With just three days to go in what is shaping up to be an extremely close race for the Venezuelan presidency, the campaign seems to have entered Bizarro World.
Massive Rally in Venezuela Underscores Opposition’s Electoral Strength, ABC News
On Sunday morning, rivers of people waving flags headed towards downtown Caracas, to see a speech by Venezuelan opposition candidate Henrique Capriles.
Huge Venezuela housing shortage an election worry, Business Recorder
Inside the garage of a Caracas shopping center, hundreds of families live in cubicle-like rooms, waiting for President Hugo Chavez to deliver on his promise to give every Venezuelan “dignified” housing.
What the visiting media won’t see when they come to Venezuela, Foreign Policy
With just 10 days to go to Venezuela’s presidential election on October 7, foreign media interest is just starting to pick up. But there’s one question that never fails to crop up: “Has Chávez really improved the lives of the poor?”
Venezuelan vote a high-stakes affair for Chavez allies, Chicago Tribune
Pedro Alvarez, who drives one of the thousands of ancient American cars that serve as taxis in Cuba, cannot bring himself to think about life without Venezuelan President Hugo Chavez.
Venezuela’s Capriles vows to help Colombia, cool ties with Iran, Reuters
Venezuelan opposition leader Henrique Capriles pledged to help C olombia in its peace talks with rebels and distance himself from Iran should he defeat President Hugo Chavez in an increasingly tight race ahead of Sunday’s election.
What could Venezuela vote mean for its oil industry?, Reuters
Chavez, 58, is seeking a new six-year term and accuses opposition challenger Henrique Capriles, a 40-year-old state governor, of seeking to reverse his self-styled socialist revolution.
Election test for Venezuela bond fans, Reuters
Investors who have been buying up Venezuelan bonds in hopes of an opposition victory in this weekend’s presidential election will be heartened by the results of a poll from Consultores 21 which shows Henrique Capriles having the edge on incumbent Hugo Chavez.
Uncertainty looms for victor in Venezuela, Financial Times
Several years ago, not quite halfway through his 14-year presidency, Hugo Chávez bought a new presidential jet. The $65m Airbus A319 had extravagant white leather interiors, paintings of national heroes hung on the cabin walls and folding seat-back trays with gold hinges. Critics of the Venezuelan president immediately dubbed it “the plane of shame”.

