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Caribbean-Latin America
Cuban economy worsens
2009-08-02
Cuba clicked into crisis mode Friday, postponing a key Communist Party congress aimed at charting a post-Castro future and announcing that its woeful economy is even worse than expected. Cubans will have to make do with less, top communists suggested, as they insisted the armed forces are strong enough to deal with any unrest.

The island's top two political bodies - the Council of Ministers and the Communist Party's Central Committee - huddled in secret on how to guide Cuba through what President Raul Castro was quoted as calling a "very serious" crisis.

Such frank language is uncommon in a country where the state controls all news media, restricts free speech and assembly, and tolerates no organized political opposition. But it's no secret that the global financial crisis has pounded the desperately poor nation - and people do not need to be told how tough times are.
Posted by:Steve White

#6  Russia seals re-entry into Cuba oil sector and gives Russian oil company Zarubezhneft access to the exclusive economic zone in the Gulf of Mexico and possibly other parts of the energy industry.
Posted by: 3dc   2009-08-02 13:18  

#5  They should dress some bearded guy in fatigues and make a tour of all US colleges and universities. It would be a slobber-fest and generate the needed funds for an economic turn-around.
Posted by: Super Hose   2009-08-02 13:15  

#4  But wait, they are the model for a new leftist utopia! They have free health care for all. The prophet Michael Moore told us so. This is the paradise that The One will lead us to. It has been foretold. All hail The One!
Posted by: DMFD   2009-08-02 11:27  

#3  Didn't I read somewhere that the Hollywood types are visiting more regularly during this "thaw?" Hopefully they are scattering coins on the broken sidewalks for the street urchins. The Cubans found that so endearingly compassionate during the Battista days.
Posted by: regular joe   2009-08-02 09:31  

#2  One step closer to a carbon neutral paradise. I'm glad to see Cuba acting in such a progressive way.
Posted by: whitecollar redneck   2009-08-02 08:56  

#1  Now that's unfair! With the One trying soooo hard to cause USA to caught up (or rather down) with them.
Posted by: g(r)omgoru   2009-08-02 03:47  

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