Business & Economy

As the Tourism Dollars Roll into Cuba

Celia was on the lookout every day, she asked her friends, she hunted a lot, but there wasn’t any way for her to find a decent place to rent for a reasonable price. Until a friend stated the obvious: “My girl, everybody is renting them out to the “yumas” (foreigners) now.

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Can Cuba Meet its Foreign Debt Repayments?

Cuban economist Emilio Morales takes a look at the island’s foreign debt, economy and reserves and questions the claim that over five billion US dollars was actually paid on the debt during 2016. He also calls on a wide opening of the economy to outside funds as the only way out of stagnation.

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Taxi Fares Lowered 50% in Havana

Without taking into account the drivers and owners of private vehicles, the local government decided to lower the prices of collective taxis in the capital. Many trips that previously cost 10 pesos now cost 5 and “compliance is mandatory”

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Rex Tillerson’s Nicaragua Connection

The past returns to haunt us sometimes, and those you thought you’d beaten come back with more power. That’s exactly what happened to presidents Nicolas Maduro and Daniel Ortega on February 1st, when the United States Senate confirmed Rex Tillerson as the US Secretary of State for the new Trump administration.

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Building a Home in Cuba

When the Cuban government announced that property could be bought and sold in November 2011, many people found themselves face to face with an opportunity to make some money or to finally get their own home.

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