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Cuba: U.S. embargo causes $1 trillion in losses

<p style="text-align: justify;">By Portia Siegelbaum.September 14, 2011 1:50 PM. Cuba blames the U.S. embargo for nearly a trillion dollars in losses to the island's economy since it was imposed by President Kennedy in 1962. Vice Foreign Minister Abelardo Moreno said that at current prices a conservative estimate of economic damages to the island up until December 2010 would be more than $104 billion. However, he added, if you take into consideration the extreme devaluation of the dollar against the price of gold on the international financial market during 2010, they would add up to nearly a trillion dollars. Read More

Sherritt adds new director

<p style="text-align: justify;">Toronto-based Sherritt International Corp., Cuba’s largest private foreign investor, announced it added the chairman of a British telecom to its board of directors. Sir Richard Lapthorne, 68, is known for his high-profile stint as chairman of the company that owns Formula One team McLaren, but his background is mainly in the telecommunications industry. Since 2003, Lapthorne has been chairman of Cable &amp; Wireless, a London-based company with increasing interest in the Cuban telecommunications market. Read More

Garlic Festival to be ‘stinking good’

<p style="text-align: justify;">Wednesday, September 14, 2011 11:02 am. Garlic Festival to be ‘stinking good’ By Jeff Cole Olean Times Herald Olean Times . CUBA — For the seventh consecutive year, Cuba will host a festival that might simply be described as “stinking good.” Sponsored by the Cuba New York Chamber of Commerce, the seventh annual Cuba Garlic Festival will be held from 10 a.m. to 6 p.m. Saturday and 10 a.m. to 5 p.m. Sunday at Empire City Farms, 105 South St. Admission will be $5 per person, or free for ages 8 and under, and parking will also be free of charge. Pets will not be allowed. Read More

Creole Choir will perform lively rhythms, dancing

<p style="text-align: justify;">Wednesday, Sep 14, 2011 at 12:12 am. The Creole Choir of Cuba will share stories of their Haitian ancestors in a concert at Portland's Merrill Auditorium on Friday, Oct. 14.- Sven Creutzmann/Mambo photo. PORTLAND — The Creole Choir of Cuba will bring its harmonies, Caribbean rhythms with an original root bass sound and jubilant dancing to Merrill Auditorium on Friday, Oct. 14.Together, they celebrate roots, resistance and the irresistible rhythms of life. Read More

Cuba to Dissolve Inefficient Farming Cooperatives

<p style="text-align: justify;">SANTA CLARA, Cuba, Sep 13 (acn) The President of the National Association of Small Farmers (ANAP) Orlando Lugo Fonte announced Cuba will reorganize cooperatives to strengthen those that are profitable and strike off the ones that are not. Lugo Fonte met with representatives from the farming cooperative system in central Villa Clara province and called them to search for alternatives to increase productivity and efficiency. Read More

Angola:Ambassador to Present Credentials in Cuba On Thursday

<p style="text-align: justify;">14 September 2011. Havana — The new Angolan ambassador to Cuba, José César Augusto "Kiluanje", will on Thursday present his credentials to the Foreign Affairs Ministry of that country, Angop has learnt. On Friday, the Angolan diplomat will be received by the Cuban President, Raul Castro, in order to present his credentials. Read More

Foreign Vacationers Increase their Interest in Villa Clara

<p style="text-align: justify;">2011.09.14 - 10:48:55 / radiorebelde.icrt.cu. Beautiful beaches. Villa Clara, Cuba.SANTA CLARA, Cuba.- Beautiful beaches, tradition and history are among the incentives that attracted about 135,000 foreign visitors to the central Cuban province of Villa Clara from January to August, a 35 percent increase as compared to the same period of 2010. Jorge Luis Jimenez, business manager with the Tourism Ministry office in the province, told ACN that over 90 percent of these visitors enjoyed that territory’s northern cays, with a hotel capacity of over 3,000 rooms. Read More

Havana to Exhibit Caravaggio’s Painting

<p style="text-align: justify;">2011.09.14 - 12:04:00 / radiorebelde.icrt.cu. “Narcissus”, a painting by Michelangelo Merisi Caravaggio.HAVANA, Cuba.- “Narcissus”, a painting by Michelangelo Merisi Caravaggio, which is considered one of the most beautiful in the history of arts in Italy, will be exhibited in Havana from September 24 on. The Italian ambassador to Cuba, Marco Baccin, announced during a press conference at the National Museum of Fine Arts, that that the exhibit includes another 12 paintings from the first and second generations of Caravaggio’s followers.&nbsp; Read More

Failed Cuban Trade Embargo is extended for 1 more year

<p style="text-align: justify;">Corey Washington. Augusta Ethnic Community Examiner. September 13, 2011.On Tuesday, Sept. 13th, President Barack Obama chose to extend the Cuban Trade Embargo under the power given to him through the Trading with the Enemy Act of 1917.&nbsp; Quite oddly, Cuba is the only country singled out under this Act.&nbsp; North Korea got off the hook in 2008.&nbsp; Read More

PEMEX eyeing Repsol offshore activities in Cuba

<p style="text-align: justify;">In a turnaround from its Mexico-only approach, state oil company Pemex is planning to participate in a series of activities abroad, including offshore drilling in neighboring Cuba, Mexican daily La Jornada reported. The news comes after Pemex announced early this month it spent $1.6 billion to raise its stake in Spanish oil company Repsol YPF from 4.8 percent to 9.8 percent, with the idea of creating a strategic partnership. Read More