Word: sovietizers
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...misery is only just beginning. The former Soviet Baltic republics of Estonia, Latvia and Lithuania had the highest growth rates in Europe until recently. But, hit by the global credit crunch and economic downturn, the Baltics are now leading Europe into recession. By some estimates, Estonia's economy may already be shrinking. "There's an Estonian saying: Every party ends in tears," says Maris Lauri, an economist at Hansabank, a subsidiary of Sweden's Swedbank...
...radio, long-time local right-wing talker Jim Quinn is playing an Eisenhower era tape of an American politician warning about Soviet influence: "'We'll keep feeding you small doses of socialism... we'll so weaken your economy that you'll fall like ripe fruit...'" Quinn says, "We almost had that during the Carter administration." Then he plays an Obama line. "This guy sounds more like Stalin than he sounds like George Washington," Quinn says. "Do you realize t his guy raised $600 million? Do you really think all of that came from American citizens?" Hearing the talk...
...which is protected by the First Amendment. (Ironically, the U.S. government is a big supporter of exit polling abroad: the practice is widely used by pollsters hired by NGOs and monitors to verify that elections are being conducted legitimately. The U.S. government has even financed exit polls in former Soviet republics and satellites to ensure votes are counted accurately...
...years ago when geologists estimated that between 5 billion bbl. and 10 billion bbl. of oil lie beneath the waters off Cuba's northwest coast. Suddenly it seemed as though the hemisphere's sole communist nation might finally end its desperate dependence on oil-rich allies like the former Soviet Union and Venezuela - and perhaps even escape its impoverished economic time warp altogether...
...Cuba. The University of Miami's Pinon says the more serious issue is refining capacity: even if Cuba has only the low estimate of 5 billion bbl. - which could yield more than 300,000 BPD - it needs Venezuela's investment to upgrade refineries like the Soviet-built plant at Cienfuegos. But plummeting crude prices mean that Chávez may have a lot less wealth to spread around for his petro-diplomacy projects. "Like the collapse of the Soviet Union," says Pinon, "this kind of thing has always been Cuba's Achilles' heel...