Search

The article discusses oil prospecting in Cuban ocean waters under Raúl Castro's administration that involves Cuba and other countries. It reports that a major oil find could affect the long-standing U.S. embargo on Cuban goods. Worries of a major oil spill in the area are expressed by Florida Senator Bill Nelson.

Reports on the economic conditions in Cuba as of July 10, 2000 in light of the return of the refugee boy Elian Gonzalez to his home country. Reasons for the economic hardships, including the 38-year-old economic embargo with the United States and the tight regulations of the government; Influence of the Communist party led by Fidel Castro; Relations between the US and Cuba after the Elian Gonzalez saga ended.

Reports that United States businesses are challenging the US embargo against Cuba. Trading with Cuba prohibited by US law; Why commercial interest in Cuba is rising; Sales of food and medicine; Sales by pharmaceutical companies; Cuba's potential; Response of the Cuban government; Cuba's foreign trade; Views of Cuban-Americans. INSET: The last front: Cuban exiles vs. Castro.

The author looks at the economic reforms imposed by Cuban president Raúl Castro and its role on stabilizing the Cuban socialist economic system.