Maduro Loses Grip on Venezuela’s Poor, a Vital Source of His Power

LA VEGA, Venezuela—This nation’s slums have been the backbone of the leftist government for decades, and one of few remaining bulwarks for President Nicolás Maduro. They are now turning on the embattled leader—a shift born of economic misery and police violence that could cost him the country. Support for Mr. Maduro among Venezuela’s poorest fifth…

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Elon Musk accuses SEC of “unconstitutional power grab” over tweets

Elon Musk’s lawyers told a federal judge Monday the Tesla CEO should not be held in contempt of court for tweets the Securities and Exchange Commission says violated a settlement agreement. Details: The SEC asked last month for Musk to be held in contempt for publishing “inaccurate” information on Twitter about Tesla. The complaint relates…

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Saudi Aramco: A story of oil, wealth and power

Filmmaker: Osama bin Javaid For the past two years, Saudi Arabia has prepared to place its national oil company on the stock market. Officials talked up the Saudi Aramco initial public offering (IPO) with international exchanges and global banks. It seemed like a great idea that the world’s largest oil producing company, valued at $2tn,…

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Puerto Rico Picks Bidders for Ailing Power Utility

Puerto Rico took an important step toward privatizing its bankrupt public power monopoly and bringing in new investment to help modernize the utility and reverse the island’s economic decline. The government announced Thursday the selection of four bidders seeking to take over Puerto Rico Electric Power Authority’s transmission and distribution system: Duke Energy Corp., Exelon…

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Trump administration announces plan to weaken polluting restrictions on coal-fired power plants

The Trump administration announced a plan that would weaken restrictions on coal-fired power plants, allowing them to release mercury and other pollutants linked to respiratory illnesses into the atmosphere, the New York Times reports. Why it matters: The proposal doesn’t rescind Obama administration rules that placed strict limits on mercury and other pollutants from coal…

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DRC: What is Joseph Kabila’s legacy after 18 years in power?

Kinshasa, DRC – Not long after the Democratic Republic of the Congo’s (DRC) electoral commission announced that elections scheduled for December 23 had been delayed by a week, a group of unemployed men outside a restaurant in capital Kinshasa had a look of disappointment etched across their faces. “All we want to do is vote and…

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Facebook’s Lonely Conservative Takes on a Power Position

After more than a year of research and discussion, Facebook Inc. late this summer shelved a project called “Common Ground” that tried to encourage users with different political beliefs to interact in less-hostile ways. One reason: fears the proposed fix could trigger claims of bias against conservatives, according to people familiar with the decision. The…

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