Chavez' Reform Proposal Defeated

The Venezuelan citizenry has spoken. They have narrowly rejected their ambitious president's grand scheme to reform the constitution. A "yes" vote would have given President Hugo Chavez the right to run for president for the rest of his natural life.

The vote was 51% to 49% against the Chavez' proposals.

Meanwhile in Washington, long-time arch-enemy rival George Bush can hardly contain his glee that Chavez' days are numbered.

The bad news for Mr Bush? Chavez won't be leaving office until 2013, when his term expires. This will be long after Bush has left the scene and rode off into the sunset of his dude ranch in Texas.