Venezuela

Global Scan

New Zealanders will vote on whether to update their flag

A flag is usually a symbol of national pride. But not necessarily in New Zealand, where voters will get to decide whether to ditch the design that dates to colonial times. And for some reason a Cadillac ad that lauds America's work ethic and paints Europeans as slackers just rubs some Europeans the wrong way. All that and more, in today's Global Scan.

Global Politics

Chavez tries again to lift term limits

On Sunday, Venezuelans vote on whether to abolish term limits. That could allow President Hugo Chavez to run again in 2012. Chavez's last attempt to get rid of term limits failed. Anchor Marco Werman speaks with The Wall Street Journal's John Lyons in Caracas.

Business, Finance & Economics

The decline in oil prices will put the squeeze on Iran and Russia — and give a jolt to American consumers

The price of a barrel of oil has fallen to its lowest level in more than half a decade — and it's still falling. That's put a major dent in the economies of some of the world's largest oil producers, like Iran and Russia. But in the US, it's cause for celebration, as falling oil prices are translating into plummeting prices at the pump.

Global Scan

New Zealanders will vote on whether to update their flag

A flag is usually a symbol of national pride. But not necessarily in New Zealand, where voters will get to decide whether to ditch the design that dates to colonial times. And for some reason a Cadillac ad that lauds America's work ethic and paints Europeans as slackers just rubs some Europeans the wrong way. All that and more, in today's Global Scan.