Word: cuba
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Dates: during 1960-1969
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Look-Alikes. The clearest sign of growing Chinese influence appeared two months ago at the Red summit in Moscow, when a four-hour Chinese denunciation of Khrushchev's coexistence policies drew its strongest support from the delegations from Cuba, Venezuela, Brazil, Argentina and Chile. The basis for such influence is Red China's modulated but persistent argument that the increasingly industrialized Soviet Union bears little resemblance to underdeveloped, poverty-ridden Latin American nations. A much closer lookalike, Latin Americans are told persuasively, is Red China, land of the triumphant peasant revolutionary...
...What happened in Cuba points up the necessity for a strong, healthy domestic production," said President Harry T. Vaughn* of Florida's biggest producer, United States Sugar Corp. The corporation is going to more than double its cane plantings in the next two years, to 65,000 acres, and put $20 million into a new mill and refinery. Within a few years, Florida's raw cane production is expected to be five times the 175,000 tons it is today. So confident are Florida producers, says Vaughn, that even though they could not meet their last year...
...industry. Some 300 farmers have banded into the Sugar Cane Growers Cooperative of Florida, and by next year will have a $6,000,000 mill operating. Growing sugar, at yields of $200 an acre, is more profitable than riding the ups and downs of raising vegetables. Refugee sugarmen from Cuba are jumping into the Florida mucklands to start anew after Castro grabbed their Cuban holdings. The Florida Sugar Corp. is setting up two mills and planting 2,000 acres, with $6,000,000 from the Bacardi rum interests. Osceola Farms, backed by three Cuban families, owns 4,400 acres...
...sugar law Congress passes when the old one expires March 31. (Congress seems likely to follow Dwight Eisenhower's request to extend the present law while a new sugar policy is worked out.) They are also wary of the effects of a sudden return to good relations with Cuba after their expansion plans are well under way. The Florida optimists scoff at this, say Cuba will never get as large a slice of the U.S. market as it did (3,100,000 tons, one-third of U.S. consumption...
...world market, where prices have remained fairly stable at 3? a Ib. since the U.S. cut off Cuban sugar, is threatened by a large surplus. Good growing weather has pushed estimated world production up 8% to a record 59.8 million tons, outpacing expected demand by 3.4 million tons. Cuba and Russia alone, the two largest sugar producers, may have 6.000,000 tons between them for export. If they dump it on the market, it could send world prices skidding...