Hugo Chavez, the Venezuelan President who received what was termed the largest round of applause ever heard at the UN General Assembly when he lashed out at the policies of the US, has won a third term as President of Venezuela by a margin of at least twenty percent. A US sponsored coup-attempt against the leader in 2004 led to a popular uprising to have him reinstaded, demonstrating his popularity, due primarily to his funneling of funds brought in by the country's vast oil wealth to the poor and underpriveledged majority. Al Jazeera has more on his reelection:
Hugo Chavez has won elections granting him another six-year term as president of Venezuela.
The leader told a jubilant crowd on Monday "long live the popular victory" from a balcony on the presidential palace in Caracas.
The 52-year-old who has been president for eight years has pledged to continue his self-styled social revolution.
Opposition candidate Manuel Rosales conceded defeat, saying: "We admit they defeated us today, but we will continue in this fight."
Initial results indicated that Chavez won 61 per cent of votes while Rosales gained 38 per cent, according to results based on 78 per cent of the polling stations.