Hugo Chavez's handpicked successor Nicolas Maduro won a narrow victory in Venezuela’s presidential election. Angry supporters of opposition leader Henrique Capriles are demanding a recount. Analysts say the new president will encounter many challenges as he takes office including record levels of crime, high inflation, a huge deficit and falling oil exports. “On the Line” discusses the difficult issues facing the new Venezuelan president. GUESTS: Peter Hakim: President Emeritus & Senior Fellow, The Inter-American Dialogue. Juan Carlos Hidalgo: Policy Analyst on Latin America, Center for Global Liberty and Prosperity, The Cato Institute.