In 1984, the Atlas Economic Research Foundation helped set up a think tank in Venezuela called the Center for the Dissemination of Economic Information (or Centro de Divulgación del Conocimiento Económico, CEDICE). But contrary to Atlas' emphasis on independence, CEDICE has received U.S. funds to support the failed attempts to remove Venezuelan President Hugo Chávez from office. In its Summer 2004 Investor Report, Atlas writes, "Venezuela is not California, so no matter what happens with the recall referendum . . . the country will continue to face a daunting populist menace. All those involved with CEDICE . . . have been an invaluable and courageous voice for freedom, peace and prosperity."