In Venezuela, President Hugo Chavez was sworn in for a third term Wednesday following his landslide re-election last month. Chavez won with more than 60 percent of the vote.

Venezuelan President Hugo Chavez: “I will give up my days and my nights and my entire life to construct Venezuelan socialism, to construct a new political system, a new social system and a new economic system.”

Chavez unveiled new plans this week to nationalize telephone and electric companies and increase government control over major oil projects.