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Chávez arrives in Brazil to meet with Lula, Morales and Correa

Politics President Hugo Chávez arrived at 9:00 am. on Tuesday in Manaus, Brazil, to meet with his Brazilian counterpart Luis Inacio Lula da Silva and also with their counterparts of Bolivia, Evo Morales and Ecuador, Rafael Correa.

"We will review contracts that were signed some months ago but are now becoming concrete projects. We have made progress in the integration and unity of Brazil and Venezuela which is part of the South America unity," said the Venezuelan president upon arriving in Brazil.

Chávez stressed the importance of the Banco del Sur "to favor the Latin American economy in moments where capitalism and neo-liberalism join together."

Lula and Chávez will discuss the strengthening of regional integration mechanisms that allow South American economies to resist the untoward effects of the global financial crisis, reported the Brazilian presidency.


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Worsening chronic poverty in Venezuelan households

11:00 AM. Economy. Based on the official data, more and more families failed to get out of poverty in 2008; the exclusion status of more people moved faster and fewer people are on their way to overcome this situation. According to the data provided by the official National Statistics Institute (INE), last year the poorest homes in the country recorded an average monthly income of USD 401.82, whereas the food basket amounted to 417.77

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