-Caveat Lector-

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Cuba


Yankee Imperialist Dollars Undermine Castro


The US dollar displacing the Cuban peso.

As President Fidel Castro rings in the millennium with salvoes of anti-US
rhetoric, a potent symbol of US "imperialism" is invading the pockets and
minds of ordinary Cubans. Tens of thousands of Cubans spent much of December
marching in anti-American protests to demand the return of a shipwrecked boy.
But equal numbers paraded to the island's state shops on an unprecedented
spending spree.

But the currency in use was not the Cuban peso. It was the US dollar, the
ubiquitous "greenback" whose global "tyranny" has been decried by Mr Castro.

The president's revolutionary rhetoric has not stopped the dollar from making
deep inroads in Cuba's socialist society six years after Mr Castro took the
momentous step of allowing its free circulation alongside the peso.

Foreign analysts view the recent surge in dollar consumer spending as a sign
that the Cuban economy has weathered the worst of the recession that followed
the collapse of the Soviet bloc.

"It's a booming business and the money is flowing to the government," said
one European banker in Havana.

Apart from a tiny private enterprise sector, the Cuban government has
shrewdly kept retail commerce in state hands.

Official estimates indicate that annual sales in dollars by state shops have
doubled in six years, approaching and passing $1bn in the process.

These dollar market sales will probably have surpassed the combined value of
Cuba's sugar and nickel exports in 1999. Only tourism brought in higher gross
revenues, at a little less than $2bn.

The proportion of the 11m population with access to hard currency rose in
1999 to 62 per cent. For most this money comes from "del norte!" (from the
north) - the US.

Many have family or friends living in the US who regularly send hard currency
cash remittances to the island.

Cuba applies no checks or controls on the remittance income so it is
impossible to calculate its real value. Some analysts have estimated the
annual flow from the US alone at more than $800m.

Dollars are also paid to those working in the foreign tourism or business
sectors and are the currency for the self-employed or those renting homes.

The vast majority of Cuba's 4.6m workforce is employed by the state and paid
in pesos. Life for them remains hard despite the state-subsidised food ration.

Every Cuban knows that the dollar has superior buying power - at least 20
times more than the peso by the government-approved internal exchange rate.
Access to dollars provides access to an improved lifestyle.

Not for nothing have Cubans nicknamed the dollar "fula", the term for the
greeny-grey gunpowder used to invoke the spirits in Afro-Cuban "santer�a"
rituals.

The growing dollar economy undoubtedly poses a potentially divisive political
problem for Mr Castro.
The Financial Times, Jan. 4, 2000


Privacy


Hollywood Stars Turn Against the Lying Clintons


Funny. I never noticed the lying before now.

WARREN BEATTY and Annette Bening - Hollywood's leading liberal couple - have
described President and Mrs Clinton as untrustworthy, deceitful and
disappointing.

Bening, who is widely tipped to win an Oscar this year for her performance in
the film American Beauty, said in an interview that Mrs Clinton was
impressive at first but became less so as she tried to suck up to her. "I saw
how politically deft she was, and I was not completely seduced by that," said
the actress. "I have a lot of mixed feelings about what she's doing now
[running for the Senate]. She always appears to be doing what's politically
expedient in the most transparent way."

She added of the Clintons as a couple: "You feel like there's prevaricating,
there's lying. You just don't trust them."

Her remarks reflect a widespread feeling in Hollywood that the Clintons have
pumped members of the film industry for campaign contributions and leeched off
 their glamour but offered little in return. One consequence is that
Vice-President Al Gore is finding it hard to raise funds there.
Beatty, a long-standing Democrat supporter who flirted with a campaign for
the White House last year, also told Vanity Fair magazine that he would not
now be running. He said he was afraid he might damage the liberal causes he
espoused. Once the Democratic Party's key link with Hollywood, Beatty was a
supporter of John and Robert Kennedy and later a close adviser to Gary Hart,
the Democratic presidential candidate whose 1988 campaign exploded when he
was caught on a boat with a woman.

Now Beatty feels estranged from his party and is rarely on the Clintons'
dinner party lists. "Something happened to me, gradually, which made it no
longer possible to avoid the truth," he said. His 1998 film Bulworth was a
satire about a politician who suddenly decides to tell the truth during his
campaign. "You can't really make jokes like that unless you're willing to
have your invitation to the table rescinded," he said. "And I had become more
and more willing to have that invitation rescinded."

Discussing his dalliance with a run at the presidency, Beatty said: "I feel
good about speaking up. It seems to me that the effect has been positive,
that I've not yet made too much of a fool of myself - at least I don't think
I have. I have not diminished the importance of the issues."
He refused to endorse any of this year's Democratic candidates, saying they
were good men but were avoiding the issues he cared about, such as campaign
finance, universal health care and exploitative labour practices.

Mr Clinton, meanwhile, has said he is looking forward to becoming a member of
the "Senate spouses' club" if his wife is elected to represent New York, and
he could even join her in Congress by running for office in his home state of
Arkansas. Mr Clinton, who will be 54 when he leaves office in a year's time,
was asked in an interview with NBC's Today show whether he had "any Denis
Thatcher issues" with Mrs Clinton's candidacy. He replied: "No, I'm thrilled
about it. I am so excited. And I'm very proud of my wife for taking it on."

He joked that the only way he might be able to spend time with his wife would
be as a congressman. "That's maybe something I ought to think about." But his
main focus was "working out how I can live a useful life". He added: "I'm not
worried. I'll find something useful to do."
The London Telegraph, Jan. 4, 2000
-----
Aloha, He'Ping,
Om, Shalom, Salaam.
Em Hotep, Peace Be,
All My Relations.
Omnia Bona Bonis,
Adieu, Adios, Aloha.
Amen.
Roads End

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