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from the this-is-why-they-can't-have-anything-nice dept.
http://money.cnn.com/2017/04/20/news/gm-venezuela-plant-seized/index.html
General Motors says it will immediately halt operations in Venezuela after its plant in the country was unexpectedly seized by authorities.
GM described the takeover as an "illegal judicial seizure of its assets."
The automaker said the seizure showed a "total disregard" of its legal rights. It said that authorities had removed assets including cars from company facilities.
"[GM] strongly rejects the arbitrary measures taken by the authorities and will vigorously take all legal actions, within and outside of Venezuela, to defend its rights," it said in a statement.
Authorities in Venezuela, which is mired in a severe economic crisis, did not respond to requests for comment.
It was not immediately clear why authorities seized the GM plant. Huge swaths of Venezuela's economy have been nationalized in the years since former President Hugo Chavez rose to power. Under Chavez, who took office in 1999, the state took control of private oil, telecommunications, energy and cement businesses.
President Nicolas Maduro has continued the tradition, while blaming the United States and its companies for Venezuela's economic and political problems.
(Score: 0) by Anonymous Coward on Friday April 21 2017, @01:32PM (2 children)
You mean where corrupt courts counteract constitutional orders for political reasons rather than actual concerned about legality?
(Score: 4, Touché) by DannyB on Friday April 21 2017, @03:02PM (1 child)
You mean where federal courts counteract political orders for constitutional reasons rather than actual concerned about ideology?
When trying to solve a problem don't ask who suffers from the problem, ask who profits from the problem.
(Score: 0) by Anonymous Coward on Friday April 21 2017, @09:21PM
What are you talking about? Obama issued identical stop with the same fucking countries in 2011. Of course head spinners will spin some contrived bullshit why this order is totally not the same, and water is not wet but in fact identifies as dry. It is the discretion of the President to block travel to the US from any place he thinks endangers the US, since 1798. But Trump is literally Hitler (because his daughter and grand children are Jews) so my arguments are invalid.