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Cuba Economy

Cuba Cuts Thousands Of Jobs

AP | Posted 04.08.2014 | Latino Voices

HAVANA (AP) — Cuban authorities say they have eliminated more than 100,000 jobs in health care, considered one of the pillars of the 1959 revolution...

Cuba's New Businesses Need Way More Customers

AP | ANDREA RODRIGUEZ and ANNE-MARIE GARCIA | Posted 12.27.2013 | Latino Voices

HAVANA (AP) — The dented metal pizza trays are packed away, so too the old blender that never worked when it was needed. Gone is the sweet smell of ...

Raul Castro Issues Stern Warning To Entrepreneurs

AP | ANDREA RODRIGUEZ and MICHAEL WEISSENSTEIN | Posted 12.21.2013 | World

HAVANA (AP) — President Raul Castro issued a stern warning to entrepreneurs pushing the boundaries of Cuba's economic reform, telling parliament on ...

Cuba's Emerging Middle Class And Growing Private Sector

VOXXI | Johanna Mendelson Forman | Posted 11.12.2013 | Latino Voices

Yes, you read the headline correctly. Cuba has an emerging middle class. And it continues to grow and prosper. It may even be the factor that most ...

Cuba Is Growing Its Pivate Sector

AP | ANNE-MARIE GARCIA | Posted 09.27.2013 | Latino Voices

HAVANA -- Real estate agents, auto body workers and home builders can come out of the shadows in Cuba's expanding private economy under rules announce...

The Rise of the Cuban Aristocracy... And the Lingering Servant Class

Yoani Sanchez | Posted 10.16.2013 | World
Yoani Sanchez

A couple of days ago I heard a conversation that contrasted with the story of my grandmother. A plump lady dressed in expensive clothes was telling her friend -- between glasses of white wine -- how she behaved with her young domestic.

New Regulations and Fees Threaten the Supply Chain of Cuba's Newly Minted Entrepreneurs

Yoani Sanchez | Posted 09.04.2012 | World
Yoani Sanchez

The pepper is of carved wood and a seasoning container on the table says "Sedano's" in green letters. The private restaurant waits for the supplies that will arrive this Saturday in an enormous delivery transported by a "mula" -- a mule.

Cuba's Next Step On Capitalist Road: Advertising

AP | PETER ORSI | Posted 08.16.2012 | Latino Voices

HAVANA — For decades there's been no such thing as a commercial radio or TV spot in Cuba. Ditto for billboards, website banner ads, and newspape...

Cuba Waits For Oil Dreams To Materialize

AP | PAUL HAVEN | Posted 05.29.2012 | World

HAVANA -- It was supposed to be Cuba's economic savior: vast untapped reserves of black gold buried deep under the rocky ocean floor. But the first a...

Dumpsters Into Clothespins: The Economy of Desperation

Yoani Sanchez | Posted 07.07.2012 | World
Yoani Sanchez

There are many ways to measure the physical state of a nation and one of them is listing what people loot from public spaces.

Cuba Wraps Up Dramatic Year Of Economic Revival

AP | By PAUL HAVEN | Posted 12.26.2011 | Latino Voices

HAVANA -- A year at the vanguard of Cuba's economic revival has not brought Julio Cesar Hidalgo riches. The fledgling pizzeria owner has had his good ...

Eliecer Avila, Cuban Student Who Challenged the Regime, Returns to the Public Eye

Yoani Sanchez | Posted 02.01.2012 | World
Yoani Sanchez

There is nothing more frustrating, for those who cross the line between silence and speaking out, than being greeted with suspicion by others.

Cuba Legalizes Car Sales

AP | PAUL HAVEN | Posted 11.28.2011 | World

HAVANA — Cuba legalized the sale and purchase of automobiles for all citizens on Wednesday, another major step in the communist run island's eco...

Cubans Set For Big Change: Right To Buy Homes

The New York Times | Damien Cave | Posted 10.03.2011 | World

HAVANA -- José is an eager almost-entrepreneur with big plans for Cuban real estate. Right now he works illegally on trades, linking up families who ...

Cuba's Elderly Sell Bits and Pieces on the Street to Survive

Yoani Sanchez | Posted 05.25.2011 | World
Yoani Sanchez

He bought a box of strong cigars though he doesn't smoke, a cloth bag for errands, though he already had one, and two boring copies of Granma on the s...

Castro: Cuba's Economic Model 'Doesn't Work'

AP | PAUL HAVEN | Posted 05.25.2011 | World

HAVANA — Fidel Castro told a visiting American journalist that Cuba's communist economic model doesn't work, a rare comment on domestic affairs ...

As They Used to Say in the USSR: We Pretend to Work and They Pretend to Pay Us

Yoani Sanchez | Posted 05.25.2011 | World
Yoani Sanchez

A labyrinthine network of counterfeiting and resale undermines the dysfunctional centralization and diverts profits to thousands of private pockets in Cuba.

Cuba Tries 'Socialism Lite' During Recession

Posted 05.25.2011 | World

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Three Month's Wages for a Can Opener

Yoani Sanchez | Posted 05.25.2011 | World
Yoani Sanchez

The store is located at the corner of Galiano and San Rafael streets. It's like an alien spaceship that landed in a neighborhood that has seen its businesses turned into homeless shelters.

The Permanent Forced Childhood Of A "Kept" People

Yoani Sanchez | Posted 05.25.2011 | World
Yoani Sanchez

Nations that develop under the guidance of a paternalistic state run the risk of leaving their people in a kind of stagnated adolescence. The case of Cuba is one of the paradigmatic examples.

Cuba Reports Discovery Of 20 Billion Barrels Of Oil

The Guardian | Rory Carroll | Posted 05.25.2011 | Business

Friends and foes have called Cuba many things - a progressive beacon, a quixotic underdog, an oppressive tyranny - but no one has called it lucky, unt...