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

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”; 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?).

 

 

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

    



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