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Word: cuba (lookup in dictionary) (lookup stats)
Dates: during 1950-1959
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Last week, as the Middle East crisis pushed sugar futures prices upward, Sugarman Lobo stood to profit even more. He owns or controls eleven sugar mills in Cuba, finances another 15 to 20 mills when the market demands it. He handles half the 5.5 million-ton Cuban sugar crop, finances 25% of the Puerto Rican and Philippine crops, amounting to another 500,000 tons. A rise of a fraction of a cent (½ last week) on world markets can mean a small fortune for Lobo...

Author: /time Magazine | Title: BUSINESS ABROAD: Sugar King | 7/28/1958 | See Source »

Lobo has already made profits enough this year to satisfy most men. A severe drought in Puerto Rico and a 126-day strike that paralyzed Hawaii's sugar industry prevented both from meeting sugar quotas to the U.S. To make up the shortage, Cuba's sugar quota was boosted three times in five weeks, all of which was money in the bank for Lobo. In no time, he dispatched a Lobo-chartered ship, the largest ever to carry sugar out of Cuba, to the U.S. West Coast with 19,000 tons...

Author: /time Magazine | Title: BUSINESS ABROAD: Sugar King | 7/28/1958 | See Source »

Complaints on Sunday. Millionaire Lobo has always had his hand in a sugar bowl. He grew up in Cuba (after his banker father was forced out of Venezuela by a revolution), came to the U.S. for a. degree in sugar engineering at Louisiana State University, then went into the family sugar-trading firm of Galban Lobo. Soon Lobo was on his own, eventually started buying mills as the best protection for a speculator. Five months ago he bought his latest and most impressive parcel: a $24.5 million complex of Cuban mills and other assets called the Hershey properties, once held...

Author: /time Magazine | Title: BUSINESS ABROAD: Sugar King | 7/28/1958 | See Source »

...hills of eastern Cuba, 50 U.S. and Canadian citizens were caught-some to their own amusement-in the middle of the war between Rebel Fidel Castro and Dictator Fulgencio Batista. Their captor and genial host: Raúl Castro, Fidel's younger brother, who was mistakenly convinced that the U.S. is arming Batista. Wishing to teach Washington a lesson, young Castro decided to kidnap Americans wholesale from the neighboring sugar mills and nickel mines, and from among the personnel of the U.S. Guantanamo naval base. But he was also at pains to let his captives know that he meant...

Author: /time Magazine | Title: CUBA: Caught in a War | 7/14/1958 | See Source »

...arms were live replacements for practice warheads that the U.S. shipped to Cuba's President Batista by mistake in 1957 under the mutual-security pact. They represented no change in the current U.S. embargo on arms to Batista. But the rebels, buffeted by combat and terrorism that have taken at least 3,000 Cuban lives, see the world more and more as either friend or enemy, with no middle ground...

Author: /time Magazine | Title: CUBA: Caught in a War | 7/14/1958 | See Source »

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