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Venezuela's National Assembly on Tuesday gave President Nicolas Maduro wide-ranging special powers to rule by decree for one year. Maduro requested the special powers last month, citing the need to fight corruption and take on opponents who are waging "economic warfare" against his government. The vote is the latest move by the elected Venezuelan leader, a protege of late president Hugo Chavez, to strengthen his hand as he faces an important political test in municipal elections next month. Venezuela has been battered by a 54 percent rate of inflation, a shortage of hard currency, and widespread shortages.
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