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During the swearing-in ceremony of his new cabinet, Venezuela’s President Chavez announced a series of dramatic new measures for moving ahead in establishing 21st century socialism in Venezuela. 

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Venezuela’s President Hugo Chavez was sworn in to his second full term as President, promising to dedicate himself to the construction of Venezuelan socialism.

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In a controversial decision, President Chavez announced last week that the broadcast license of the oppositional TV station RCTV, which expires in May of this year, will not be renewed.

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In a major speech on Frida, December 15, Chávez called for the formation of a new United Socialist Party of Venezuela, which, he said, was going to be the most democratic party in the history of the country.

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A few days ago, Time Magazine announced the winner of its annual "Person of the Year" award. Hugo Chavez had won Time's online poll by a wide margin and got 35% of the votes.

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