Skip to main content

[WORLD NEWS] Cuba: Communist Economic Model Loses a Stalwart Defender

September 8, 2010

Cuba: Communist Economic Model Loses a Stalwart Defender

By REUTERS
Fidel Castro said Cuba’s economic model no longer worked, an American journalist reported Wednesday. Jeffrey Goldberg wrote in his blog for Atlantic magazine that he asked Mr. Castro, left, last week if Cuba’s model of Soviet-style Communism was still worth exporting to other countries. “The Cuban model doesn’t even work for us anymore,” Mr. Castro said, according to the report. Mr. Goldberg said that Julia Sweig, a Cuba expert at the Council on Foreign Relations, thought Mr. Castro’s answer was an acknowledgment that the state played too big a role in the economy. The comment appeared to reflect Mr. Castro’s support for the economic reforms instituted by his younger brother, PresidentRaúl Castro. In the interview, Mr. Castro, 84, also criticized President Mahmoud Ahmadinejad of Iran for anti-Semitism and denying the Holocaust. He also criticized his own actions during the 1962 Cuban Missile Crisis when he urged the Soviet Union to launch nuclear weapons against the United States, saying “it wasn’t worth it at all.”

Comments

  1. ZOO's WorldSeptember 8, 2010 at 7:40 PM

    YES!!! Whatsoever people talk about him, he is still a hero in Cuba.

    ReplyDelete

Post a Comment

Popular posts from this blog

Is my tongue red? A reveler performs during the traditional carnival of Barranquilla, Colombia on Feb. 14. Barranquilla's festivities are second in size to Rio's and paralyzes the city with street dances, parades and musical masquerades. Dripping with diamonds A reveler of Beija Flor samba school performs at the Sambadrome, Rio de Janeiro on Feb.15, 2010. http://www.msnbc.msn.com/id/35407818/displaymode/1247/?beginSlide=1
Post a Comment
Read more

[NEWS] Chocolate Bond

British high-end chocolate maker and retailer  Hotel Chocolat , which currently operates over 40 stores in the UK, the Middle East and the US, wants to expand even further. But rather than turning to banks or big investors for money, they're inviting customer to buy bonds. Bonds that will pay chocolate returns. Two values of Chocolate Bond will be issued: both with the return paid in monthly Tasting Boxes. Holders of a GBP 2,000 Chocolate Bond will receive six free tasting boxes a year worth GBP 107.70 per year, and those holding a GBP 4,000 bond will receive thirteen boxes, worth GBP 233.35 per year. Which comes down to a 5.38% return. After an initial term of three years, and on every anniversary thereafter, bond holders can redeem their bond for a full return of their investment. If they decide to continue to hold the bond, the monthly boxes will keep on coming. The company doesn't have to worry about the logistics of interest payment in kind; it already operates a tasting...
1 comment
Read more