Word: guevaras
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Fidel Castro's one-man brain trust, Ernesto ("Che") Guevara, last week lectured 5,000 Red Chinese in Peking on how the Marxist blessings of Castro Cuba can be carried to country after country throughout the rest of Latin America. "It is," he said coldly, "through arming the people and smashing the puppet dictatorial regimes." In Washington a high U.S. official dealing with Latin America took a look at the endless crises besetting the hemisphere's governments and likened the situation to a "mountain of sugar melting under a fire hose...
...underwrite a bigger share of Cuba's economy, weapons may be all Castro has before long. Faced with an almost 50% drop in foreign exchange in the past year, the U.S. trade boycott, and the loss of $150 million from the discontinued U.S. sugar bonus, Economic Czar "Che" Guevara flew behind the Iron Curtain last month for help to avert economic disaster. Czechoslovakia agreed to double its aid, bringing the total to $40 million. But estimates are that Cuba needs an irreducible minimum of $250 million in freely convertible currencies this year to replace income lost by severing...
Pennies, Not Pesos. The effect was somewhat different from what Castro in tended. Instead of rallying. Cubans jittered. Coins virtually disappeared from circulation, as citizens put their reliance on metal money rather than on National Bank Chief "Che" Guevara's autographed paper. Coffee vendors refused to sell 3? cups of coffee until customers produced exact change, and bus conductors had trouble providing change for riders. As many as 2,000 people waited outside the U.S. embassy all night to line up for visas in the morning; appointments were scheduled ahead to February...
Before he left for Moscow to sign further deals with the Reds (Castro already has barter agreements with seven Soviet-bloc nations), Guevara went on TV and rendered a treasurer's report written in double red ink. He acknowledged that foreign exchange reserves had fallen from $214 million to $170 million and would probably fall to $100 million by year's end. He warned that "we shall have to look for substitutes" but promised Cubans that the Communist bloc's "perfect planning" would see them through. "Che" might well bring back more big machinery from the East...
...Castro hesitated not a step in his march to Moscow. The word in Havana was that Economic Czar Ernesto ("Che") Guevara would go to Russia in November and there ask for increased aid, possibly even consigning Cuba's entire sugar crop to the Soviets. Unless Russia was prepared to play Santa Claus, the deal could only worsen Cuba's economic plight. Just diverting one-third of this year's harvest to Iron Curtain countries at their prices (3¼? per lb. v. 4? production cost) was enough to slash sugar workers' wages from $1.31 daily...