#673 Postby jinftl » Sat Nov 08, 2008 4:38 pm
Excerpt from Financial Times on Cuba after Gustav and Ike...
Just six months after President Raúl Castro officially took over from his ailing brother Fidel, two destructive hurricanes have left in ruins his promises to improve people's "material and spiritual lives".
In two short weeks hurricanes Gustav and Ike have left catastrophic destruction at both ends of the island, and ravaged most of what lies in between.
Strains were already appearing in Cuba's import-dependent economy before the storms. The government slowed investment and stopped debt payments to some countries and suppliers over the summer, asking for them to be restructured after the rise in fuel and food prices and a significant decline in nickel prices, the main export.
Not getting political here....all we can do is hope for the best for this storm-ravaged nation.
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