Venezuela shows off locally-produced El Vergatario phone

There are already cheap phones in the world, yes -- but very few can claim to run under $14, and even fewer can claim to be made in Venezuela. In fact, the C366 "El Vergatario" -- introduced by none other than Hugo Chavez himself -- will be the very first phone ever produced on Venezuelan soil, a partnership between the government and minority outside investors including Chinese manufacturer ZTE. It'll cost 30,000 bolivar when it goes on sale, and plans are already in place to offer it throughout Latin America and the Caribbean (to anyone not expecting fanciness like cameras or media players, anyhow).