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Word: embargoing (lookup in dictionary) (lookup stats)
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Even Israel, the only country to side with the U.S. in a recent United Nations vote condemning the American trade embargo, does business with Cuba: Israeli firms are second only to Mexican companies in textile investments. These days, the palm-lined patio at the elegant La Ferminia restaurant in suburban Flores is jammed with foreign businessmen power-lunching with government ministers and discreetly whispering into their cellular phones...

Author: /time Magazine | Title: OPEN FOR BUSINESS | 2/20/1995 | See Source »

Cuban Americans and conservative politicians in Washington insist that keeping the trade embargo firmly in place will hasten Castro's demise. But this line of thinking ignores the bedrock of loyalty that many ordinary Cubans feel for Castro, whose revolution has provided every adult citizen with free health care, education and a social-welfare net. Castro has long profited by laying the blame for Cuba's economic troubles on the U.S. Resentment of the embargo--particularly when U.S. sanctions against Vietnam have been lifted--only reinforces a fierce pride. Cubans are nationalists even more than they are socialists or incipient...

Author: /time Magazine | Title: OPEN FOR BUSINESS | 2/20/1995 | See Source »

...Republicans now in control of the U.S. Congress--pressured by Miami's community of Cuban Americans--are bent on keeping the door to Cuba firmly closed to U.S. companies. Just last week Senate Foreign Relations Committee chairman Jesse Helms introduced legislation that would tighten the 33-year-old economic embargo even more. ``Let me be clear,'' said Helms. ``Whether Castro leaves Cuba in a vertical or horizontal position is up to him and the Cuban people. But he must and will leave Cuba.'' Nevertheless, Castro has also taken a number of other steps to ensure that this will not happen...

Author: /time Magazine | Title: OPEN FOR BUSINESS | 2/20/1995 | See Source »

...that capitalists will gladly sell the rope that can be used to hang them. Fidel Castro is trying to adapt that maxim to secure a financial lifeline from the U.S. It is an article of faith in Havana that if only Washington would lift the 33-year-old trade embargo, a vast infusion of American cash would rescue Cuba's economy. Last summer Castro tried to force the Clinton Administration into negotiations about improving ties by allowing more than 33,000 Cubans to flee the island for the U.S. The ploy did not work; the U.S. still holds...

Author: /time Magazine | Title: WILL A TIGHTER EMBARGO REALLY BRING DOWN CASTRO? | 2/20/1995 | See Source »

...Castro seems to hope he can crack the embargo with the help of American business. He has seen how its lobbying opened up U.S. relations with Marxist regimes in the Soviet Union, China, Vietnam and even North Korea; a trade mission headed by retired admiral Elmo Zumwalt and his son is visiting Pyongyang this week. So Castro is promising Yankee investors they will make a lot of money in Cuba if they will pressure Washington to end the blockade. He has made some modest gestures in recent months to underscore his appetite for American investment: shaking the hand of Vice...

Author: /time Magazine | Title: WILL A TIGHTER EMBARGO REALLY BRING DOWN CASTRO? | 2/20/1995 | See Source »

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