Wednesday, December 11, 2013

Maduro's First Socialist "Decree" - $250 Samsung Trinkets For Every Venezuelan

aDays after being granted omnipotent "decree" powers, and a week after the Venezuelan president wielded his mighty Marxist sword and jailed 100s of "bourgeois, barbaric, capitalist parasites"; Maduro has unveiled his latest "keep the masses happy" trick...*VENEZUELA TO SPEND $100M ON SAMSUNG IMPORTS: RAMIREZ*VENEZUELA TO IMPORT 400,000 SAMSUNG PRODUCTS, RAMIREZ SAYSWhy didn't AAPL get the nod? As Maduro explained yesterday, 15-30% margins are "enough"... Of course, the US is disappointed in the decision to grant Maduro "decree power" - perhaps as they didn't think of it sooner (though they do have the Obamaphone?).Via Bloomberg (from Venezuelan State TV):Venezuela to pay $100m in cash for Samsung product imports, Ramirez saysSamsung products to arrive before Christmas, Ramirez saysGovt, Samsung create joint venture, looking for factory sites, Ramirez saysAverage: Your rating: None Average: 5 (4 votes)

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