In this week’s roundup…Hugo Chávez vows to seek reelection in 2012 and rule past 2031; housing solutions fail to materialize for many Venezuelans; and the Chávez Administration continues to pile up its debt.

Chavez Turns 57 Vowing to Stay in Power, Time via AP

Venezuelan President Hugo Chavez sang, danced and said he intends to stay in power for two more decades as he celebrated his 57th birthday looking ahead to months of cancer treatment.

Hugo Chávez defies illness to run for re-election in 2012, The Guardian

The Venezuelan president, recovering from surgery to remove a large tumor, has said he will seek another six-year term.

Venezuela’s promises of affordable housing fail to materialize, Guardian

Hugo Chávez’s home-building initiative is criticised as an electoral ploy. The determination of Venezuela under the presidency of Hugo Chávez to push through a Bolivarian-style revolution means the government has bitten off more than it could chew.

Chavez Eliminates Death From Slogan, Vows to Rule Past 2031, Bloomberg

Venezuelan President Hugo Chavez called on his government to remove the word death from a military slogan and said that he plans to rule past 2031 as he prepares for a new round of chemotherapy in the “coming days.”

Venezuela: more IOUs, Financial Times

Despite wallowing in the highest oil prices since the collapse of Lehman Brothers, Venezuela is borrowing more money than it ever has before.

I will be remembered in billions, El Universal

Under an administration that enjoys booming oil prices above USD 100 a barrel, liquidity has started to climb.