Chavez sworn in for radical new term in Venezuela

Venezuelan President Hugo Chavez was sworn in on Wednesday for a new six-year term that he vowed to use to press a radical socialist revolution including nationalizations that have roiled financial markets.

Emboldened by his landslide re-election win, the typically combative anti-U.S. leader has gone on the attack, deciding to strip a private opposition TV channel of its license and take over some major companies owned by foreign investors.

"Fatherland, socialism or death -- I take the oath," Chavez said.