Venezuelan Government Gets Tough On Price Gouging Retailers
By: John Otis
November 10, 2013
In a pre-Christmas offensive to lower prices, the Venezuelan government has taken over a nationwide chain of electronics and appliance stores that it accuses of price gouging. That's led to huge lines outside the stores as shoppers snap up cut-rate refrigerators and computers. As Venezuela's socialist government combats surging inflation, it's warning that more takeovers are ahead.
Sepp Blatter was reelected to a fifth term as president of FIFA, soccer's international governing body, on Friday. The vote comes as two separate international investigations probe allegations of corruption.
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