Word: lobo
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Dates: during 1950-1959
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...sympathizers donated as much as $50,000 each, and the dues from the Havana underground yielded another $25,000 monthly. Contributions and nonredeemable "bond issues" in Venezuela raised $200.000. Companies operating in eastern Cuba began paying "taxes" to the rebels. As a hedge against the future. Sugar Baron Julio Lobo, one of Cuba's richest men, kicked...
...American reviews of a book of mine [Tomorrow Is Mañana-Aug. 11,] my husband, my children and myself were suddenly given 72 hours to get out of Spain forever. We had to leave paintings, books, poor old Lobo (our dog) and much else behind...
...Lobo watches over his holdings like a benign feudal baron, keeps on the good side of his workers. He provides them with houses, schools and churches, goes into the fields to talk with them, personally accepts petitions and complaints on the porches of his many homes, which adjoin his mills. He can also get tough. Lone Wolf Lobo has long conducted a single-handed battle against government controls and quotas. With the backing of most rival sugarmen, the Cuban government keeps tight control on the industry to curb overproduction and bolster prices. It also cooperates with the sugar workers...
Modernize or Die. Plowing back a big slice of his profits into better mills, Lobo wants to modernize the industry, step up production, sell sugar on the open market without quotas or controls. Other sugar-men fear that heavier production would force prices down. But Lobo argues that the industry should find new uses for sugar, thus attract new industry into Cuba's one-commodity economy. Thanks largely to his campaign, several plants are now being built in Cuba to produce such sugar byproducts as wallboard, newsprint and plastics...
...also has high hopes of increasing worldwide sugar consumption. The U.S. and most of Europe consume an average 100 Ibs. of sugar per capita yearly, while underdeveloped countries such as India consume as little as 13 Ibs. Lobo sees the world as a huge sugar bowl waiting to be filled, but he knows that without change Cuba's sugar industry cannot help fill it properly. Cuba's share of production has slipped from 22% of the market in 1925 to only 14% today, is bound to keep slipping as Cuba loses its markets to more modern producers. Says...