Chavez loses two-thirds majority in parliamentary elections

Hugo Chavez's United Socialist Party lost its two-thirds majority in Venezuela's Parliamentary elections, which took place on Sunday. According to election authorities, the socialists took 90 of the 165-member National Assembly seats, and the Democratic Unity coalition took 59 seats, with only 14 seats still undecided. A third party took another two seats. The loss to the ruling party is seen as another referendum on his rule, and may be the precursor to the untoppling of Chavez in the 2012 presidential elections.  Read more: Reuters and BBC News