Chavez faces first major electoral loss since coming to power in 1998
For almost a decade, the Venezuelan Opposition hasn’t known
what a victory is, at the national level. They played all the tactics, right from boycotting elections to staging a coup against the elected president. On the other side, President Hugo Chavez grew in strength. The more the Opposition attacked him, the stronger he became. This was the domestic scene for the last nine years. Yet, the divided Opposition managed to defeat Chavez’s ambitious constitutional reforms by a narrow margin in the December 2 referendum. Chavez sought a series of reforms including letting the President run for re-election indefinitely. The reforms, in his words, would have sped up Venezuela’s transformation into a socialist country. However, many of his supporters, who gave him a victory in the December presidential elections last year, did not turn up to vote ‘yes’ for their Leftist President. Speaking to B&E, Dr. Shannon K. O’Neil, a Latin American expert at the Council of Foreign Relations, said, “This is the first setback for Chavez. Nevertheless, he still maintains substantial power – control of the presidency, the Congress, the courts, most of the media, and most of the local & regional governments. He has significant decree powers, so many of the issues he tried to pass through the referendum could potentially be passed through the pro-Chavez legislature.” The referendum has sparked off a new debate across the US. Is it the beginning of the end of Chavezism in South America? Certainly not in the near future at least, he still has the capacity to withstand setbacks.
For Complete IIPM Article, Click on IIPM Article
Source : IIPM Editorial, 2008
For almost a decade, the Venezuelan Opposition hasn’t known
what a victory is, at the national level. They played all the tactics, right from boycotting elections to staging a coup against the elected president. On the other side, President Hugo Chavez grew in strength. The more the Opposition attacked him, the stronger he became. This was the domestic scene for the last nine years. Yet, the divided Opposition managed to defeat Chavez’s ambitious constitutional reforms by a narrow margin in the December 2 referendum. Chavez sought a series of reforms including letting the President run for re-election indefinitely. The reforms, in his words, would have sped up Venezuela’s transformation into a socialist country. However, many of his supporters, who gave him a victory in the December presidential elections last year, did not turn up to vote ‘yes’ for their Leftist President. Speaking to B&E, Dr. Shannon K. O’Neil, a Latin American expert at the Council of Foreign Relations, said, “This is the first setback for Chavez. Nevertheless, he still maintains substantial power – control of the presidency, the Congress, the courts, most of the media, and most of the local & regional governments. He has significant decree powers, so many of the issues he tried to pass through the referendum could potentially be passed through the pro-Chavez legislature.” The referendum has sparked off a new debate across the US. Is it the beginning of the end of Chavezism in South America? Certainly not in the near future at least, he still has the capacity to withstand setbacks.For Complete IIPM Article, Click on IIPM Article
Source : IIPM Editorial, 2008
Read these article :-
ZEE BUSINESS BEST B SCHOOL SURVEY
B-schooled in India, Placed Abroad (Print Version)
IIPM in Financial times (Print Version)
IIPM makes business education truly global (Print Version)
The Indian Institute of Planning and Management (IIPM)
IIPM Campus
Top Articles on IIPM:-
IIPM makes business education truly global-Education-The Times of ...
The Hindu : Education Plus : Honour for IIPM
IIPM ranked No.1 B-School in India, Management News - By ...
IIPM Ranked No1 B-School in India
Moneycontrol >> News >> Press- News >> IIPM ranked No1 B-School in ...
IIPM ranked No. 1 B-school in India- Zee Business Survey ...
IIPM ranked No1 B-School in India :: Education, Careers ...
The Hindu Business Line : IIPM placements hit a high of over 2000 jobs
Deccan Herald - IIPM ranked as top B-School in India
India eNews - IIPM Ranked No1 B-School in India
IIPM Delhi - Indian Institute of Planning and Management New Delhi ...
domain-b.com : IIPM ranked ahead of IIMs
Infra Tips, Taurus Discovery Stock Fund and Taurus Liquid Fund are the five funds which should keep up with investors’ expectations in near future. The Bonanza Exclusive Growth is predominantly a large cap scheme wherein volumes and growth bear positive correlation. As of today infrastructure is a dominant player in the capital market and Taurus Infra Tips is well suited to take that advantage. The midcap stock provides a cushion against the market volatility; the Diversified Stock fund, predominantly a midcap scheme is a good option in these volatile times. The liquid fund is a good option for the corporates. 
The report estimates that from 1995-2003, new discoveries had actually improved recoveries by almost 138 billion barrels. This was especially possible due to more advanced extraction techniques & management. By 2020, oil production is likely to cross 1600 billion barrels with reserves close to 3400 billion barrels! On the basis of OEPC’s own data, it can be logically concluded that the oil price dilemma is not necessarily dependent on consumption alone. Various analysts have contended that OPEC deliberately controls production in order to safeguard its own interests in order to maintain a high price point.
shrunk by a lamentable 7.92% to 7.25 million during FY2007-08; exactly the period when the CV sales rose by a commendable 4.07% to touch 486,817 units and PV segment sales rose by a healthy 12.17% to touch 1.55 million. Infact, during the same period, the LCV segment alone witnessed a walloping 12.29% growth to touch 215,823 units. So there you are, if we base our analysis on historical data, considering that with two-wheeler sales suffering, Hero and Bajaj couldn’t be making a better extension to their product mix. Confirming the same, Vaishali Jajoo, Auto Analyst, Angel Broking asserts, “The two-wheeler industry growth is expected to fall in the long run as per capita incomes increase. Further interest rate fluctuations and uncertain movement in inflation have put comparatively larger pressure on the two-wheeler industry as well...” Therefore, the move is positive in the long run as improving affordability is resulting in higher volumes for the four-wheeler segment compared to two-wheelers. Even when we consider the moves ordinally, they do look well-judged. No wonder the investment plans are also huge with Hero-Daimler’s JV plan to invest over €700 million over the next five years (of which Daimler will bring-in €220 million in the form of FDI). The JV expects to start production of CVs by 2010 and aims to achieve a localisation rate of up to 80% in order to optimally utilise cost synergies, with exports planned to commence a couple of years after production begins.
protagonist of Marvel comic series Iron Man, is in many ways similar to Laxmi Mittal, the steel empire builder. Both men were relentless empire builders even in the wake of adversity and reservations. Neither was ever affected by complacency. The moniker of Iron Man is best suited for a Marvel universe inspired socio-economic structure. But we may still conclude that the Iron Man of the real world is indeed living up to his name. Not satisfied by his multibillion dollar bid to merge the world’s largest steelmaker with his own company back in 2006, Mittal is back for more. Obviously when you have $105.2 billion worth of revenue, complacency is well just another impediment.