Maduro Kicks Off Second Term With an Economic Disaster of His Own Making

The 56-year-old successor to the late Hugo Chavez has withstood the most obvious threats as he takes the oath of office Thursday. In his next term, Maduro must manage to feed a hungry nation, kick-start production at state oil company Petroleos de Venezuela SA and fend off creditors threatening to snatch up assets abroad. As leaders such as Nicaragua’s Daniel Ortega and Cuba’s Miguel Diaz-Canel arrived in Caracas for Thursday’s inauguration, U.S. National Security Advisor John Bolton said America won’t recognize Maduro’s second term, labeling it a “dictatorship,” and saying pressure would increase.

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