Monday, June 25, 2007

Chavez Driving Capital from Venezuela to the U.S.

South Florida is a prime destination as Venezuelans rush to move their money out of the reach of Hugo Chávez. Venezuelan economist Emilio Medina-Smith, who studies capital flight, estimates that $1 billion has left the country monthly for the past three years, a big increase from Chávez's first years in power.

Read more here in Business Week.

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