Venezuela moves to seize U.S.-owned telecom

[groovychk]

Originally published at Twixel.net. You can comment here or there.

http://www.marketwatch.com/news/story/venezuela-moves-seize-us-owned-telecom/story.aspx?guid=%7B622436F5-1A6C-4FAF-9F77-B755FF793437%7D

Chavez orders takeover of Verizon property without prior (or proper) compensation

SAN FRANCISCO (MarketWatch) - Venezuelan President Hugo Chavez moved Sunday to take over Compania Anonima Nacional Telefonos de Venezuela, known as CANTV, without first compensating its U.S. owner, Verizon Communications Inc., and said the government won’t pay market price for the telecom, according to media reports.

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OK - This guys is officially a menace now.  Crossing the line from jack-ass annoyance.