Word: cubanism
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Dates: during 1950-1959
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...restrictively limited." Last week Prime Minister Fidel Castro enforced Article 90 with a vengeance. His agrarian-reform decree, signed in the six-hut eastern village of La Plata, scene of one of the first guerrilla attacks in Castro's revolution, outlawed the $300 million U.S. investment in Cuban sugar...
Sugar-company lawyers puzzled over the law's 66 sections all week, but the key language was unequivocal and plunged Cuba down a land-reform road where many Latin American hopes have been dashed (see box). No corporation can own land in Cuba unless all stockholders are Cuban; no foreigner may buy or inherit land. If U.S. sugar companies do not sell out within a year, their land will be expropriated and paid off in 20-year government bonds bearing 4.5% interest. According to Castro's estimate, made on a television show, the bond payments would range from...
...Sort of Sick." Hardest hit U.S. companies are Atlantica del Golfo (with 500,000 acres), the Rionda group (500,000), Cuban-American Sugar Co. (330,000), United Fruit Co. (270,000). But since the law also prohibits anyone from owning more than 995 acres of farm land or 3,316 acres of ranch land, many Cuban operators will suffer. Castro promised that he will reduce his own family's 2,178-acre farm to the new legal limit...
...ordered some 500 prisoners turned over to civilian courts, promised to restore the right of habeas corpus within 90 days, reopened the University of Havana, confiscated the holdings of 117 firms (mostly construction companies that gave kickbacks to the dictatorship of Fulgencio Batista). This week, Castro transported the entire Cuban Cabinet into the Sierra Maestra country, where his revolution began, and promulgated his pet law-land reform. He brought along $1,000,000 to make the first farm loans...
...Cuba now enters the creative stage," announced Castro. "We must begin leaving behind the bitter stage of executions and punishments." Last week was the first since Jan. i in which not a single Cuban died in front of a firing squad. Castro also seemed more willing to quarrel with the Reds around him. His mouthpiece, Revolution, denounced the Communists for trying "to climb on the bandwagon of the revolution and detour it from the path." Undeterred, a top Chilean Red, Luis Cor-valan, declared: "We must march with the bourgeoisie, and Cuba is the example." While Communists praised the revolution...