Venezuela: Rosier Than Red

The Sears, Roebuck stores in Caracas look a little like fortresses these days, with steel watchtowers manned round-the-clock by battle-ready Venezuelan soldiers. Since last February, Castroite terrorists have bombed each of Sears's eleven stores, and burned down a $2,000,000 warehouse. So how's business? Great. Sears's sales are now running 30% better than last year in some stores. The company is rebuilding the warehouse, adding a twelfth store, and going partners on two new factories to produce furniture and stoves.

Despite Castro, the fact is that after almost five years of President...

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