Cuba: The Accidental Revolution - Part 1 (Bullfrog Films)
Examines Cuba's rejoinder to the food crisis created by the collapse of the Soviet Bloc in 1989.
Brink's hit spotlights Venezuela currency woes
Concerns also about the fate of business under the socialist government of President Hugo Chavez, help to underpin the unofficial currency market, where companies have to turn to get greenbacks if they cannot get official rate dollars.
Venezuela has the discretion to grant official rate dollars at 2.15 bolivars to businesses it deems a priority, leaving others seeking US currency at a tolerated, though illegal, parallel rate currently at around 5.9 bolivars.
The 2.15 rate has been fixed since 2005, under capital controls imposed two years before, even though inflation has galloped at the highest rate in Latin America.
Few executives want to go on record, but analysts and corporate sources say an increasing number of foreign companies are -- like Brink's -- losing patience with the wait for official dollars.
Instead, they are taking earnings out at the more costly rate, a multi-step process that sometimes involves buying dollar-denominated bonds with bolivars in what exchange houses call a "permutation dollar."
Earlier this month, BMO Capital Markets cut ratings on Colgate-Palmolive Co, Avon Products Inc and Kimberly-Clark Corp, mentioning the impact of the bolivar market.
While the U.S. and Cuban Governments Squabble, Varela Wows ...
Loved Boon companion:
This was another week of watching the prospects for a advance U.S. Cuban relationship wax and terminate, but it did end on a very inspiriting note.
The U.S. Senate stepped up – and passed legislation making it easier for U.S. farmers to inform against grub to Cuba by reversing rules that repressed sales issued by the supervision of George W. Bush.
The Cuban tourism holy orders reached out – and joined a colloquium call with trek hustle representatives during which they said our companies could overstate more than $1.1 billion annually if the U.S. excursions ban to Cuba was lifted.
The Obama furnishing messed up – when it was cultured this week that a U.S. contractor was arrested for distributing communications paraphernalia in Cuba (violating a law), and U.S. Interest Stage diplomats were filmed marching with protestors in Havana.
Cuba’s supervision lashed out. President Raúl Castro attacked the U.S. class for recognizing the results of the Honduran plebiscite, while former President Fidel Castro went after the U.S. for its centre compatibility in Colombia.
But, all the while, our squeeze Carlos Varela, the famed Cuban troubadour, skilled to fall upon the U.S. for the first ever in eleven years, thanks to a visa from the Obama oversight, brought his anticipating communiqu about the power of cultural exchange to move relations beyond the Unemotional War tie that has frozen the U.S.-Cuba relationship all these many years.
After a series of meetings with five Members of Congress, a older valid from the Caucasian Billet, panel discussions on the position of civilization, and interviews with greater information organizations, he concluded his stop in Washington with a potent play of his music and assuredly question and fit sitting at the New America Fundamental principle (NAF) and with questions posed by Tim Brilliant and Eugene Robinson , both of whom are pronounced journalists, Cuba experts, and lovers of Carlos’s music. You can perspective a video of the things turned out here .
...foreign exchange markets cuba - News
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Brink's hit spotlights Venezuela currency woes Point's hit spotlights Venezuela currency woesVenezuelan law bans foreign exchange operations in which the primary bank is absent, yet the government openly expresses its aim to strengthen the parallel and more » |
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Despite crisis, Cuba says GDP rose 1.4 pct in '09 Teeth of crisis, Cuba says GDP rose 1.4 pct in '09Cuba's weak restraint has been kept afloat in recent years by Venezuelan President Hugo Chavez, who sends more than 100000 barrels of oil a day in exchange and more » |
Cuba calls on immediate return of Azerbaijan's territories occupied by Armenia ...
Cuba calls on unthinking return of Azerbaijan's territories occupied by Armenia In 1993, Azerbaijan was the only CIS woods, which has supported Cuba in the matter of the blockade. In September 2006, the Azerbaijani Foreign Minister and more »
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Inside the Military Media Industrial Complex: Impacts on Movement for Social ... In May of 2008, One hundred and fifty Cuban and South American journalists, ambassadors, politicians, and foreign guests gathered at the Jose Marti |
Impressions of Cuba: an educated and cultured people, but a feeble economy
But the Cubans who are blessed enough to be getting remittances from foreign relatives are overwhelmingly white, and they are becoming a new elite. and more »
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