Chavez ordered the nationalization of a Venezuelan unit of Cargill in an effort to “keep food prices low”. Personally, I don’t care what the sawed-off, quasi-dictator does with his own country’s assets, but as far as I’m concerned, touching the assets of one of America’s companies is tantamount to an act of war. But with Obama dancing around the issue of nationalizing our banks (which means he wants to), and actively pursuing national health care, I wouldn’t doubt it if he wasn’t on the phone with Hugo right now asking for advice.
Cargill – close operations and get your people out of there! Do not waste one more moment in that country. Let them figure out how to grow their own parboiled rice.