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Friday, February 9, 2007

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Chavez continues nationalization plan

Venezuelan President Hugo Chavez

Venezuelan President Hugo Chavez's government agreed to buy AES subsidiary La Electricidad de Caracas for $800 million. AES valued it at $2.6 billion. Kai Ryssdal talks with economic journal editor Robert Bottome about the deal.

Venezuelan President Hugo Chavez (AFP / Getty Images)

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