Days 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" [3]; 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 SAYS
Why 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? [4]).
Via Bloomberg (from Venezuelan State TV):
- Venezuela to pay $100m in cash for Samsung product imports, Ramirez says
- Samsung products to arrive before Christmas, Ramirez says
- Govt, Samsung create joint venture, looking for factory sites, Ramirez says

