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New Economy Czar, Oil Minister Selected in Venezuela

Venezuelan President Nicolas Maduro on Wednesday shuffled his cabinet by naming a new economy czar to oversee the OPEC country's decaying socialist system and a new oil minister to confront the economic difficulties caused by low oil prices. The country is suffering from triple-digit inflation, Soviet-style production shortages and increasing street protests. Maduro says he is the victim of an "economic war." Economist Ramon Lobo, who has been serving as a legislator for...

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