Word: traded
(lookup in dictionary)
(lookup stats)
Dates: during 1990-1999
Sort By: most recent first
(reverse)
...years Cuba's communist dictator, Fidel Castro, has chafed, rattled and raged under the cold-war headlock of a U.S. trade embargo. But this past summer the wily presidente sensed an opening. Philadelphia health-care-products giant SmithKline Beecham (a subsidiary of SmithKline Beecham in Britain) got the Clinton Administration's O.K. to pay Cuba some $20 million for the rights to test and market, in the U.S., a meningitis vaccine developed by Cuban scientists. Embargo rules still require SmithKline to pay initially in barter instead of dollars--a Yanqui condition that aides expected Castro to reject. To their surprise...
Castro is betting that a serious antiembargo movement is afoot--and, for once, he's right. The SmithKline deal marks "a significant moment for U.S. companies who want opportunities in Cuba," says John Kavulich, president of the U.S.-Cuba Trade and Economic Council in New York. It also reflects the sentiment of U.S. politicians and business leaders--not to mention lovers of Cuba's famed cigars--who are mounting a campaign to dismantle Washington's economic sanctions against Cuba. They're convinced that the embargo will never make Castro cry uncle, a point he will drive home this week...
...financial structures will change," insists Peter Nathan, a Connecticut businessman who is taking a medical-products exhibition to Cuba in January--the first U.S. trade show there since Castro's 1959 revolution. Health care, though advanced in Cuba, suffers severe shortages. At Havana's William Soler Pediatric Hospital, the German and Japanese equipment is obsolete. "It seems medically unethical," says director Dr. Diana Martinez, "not to let Cuba buy this equipment more cheaply from...
...cigarette. He doesn't have to declare the diamonds. All he has to do is go to the Ministry of Mines in Zambia and get an export permit. He makes up a name and address of the "supplier" in Angola. The diamonds are now instantly legal for international trade. And next week there will be more garampeiros--diamond diggers--waiting for him under the baobab...
...combat that link, De Beers, which controls 70% of the world's diamond trade, has spent the fall implementing a new set of policies designed to help keep the hard-earned money of newly engaged couples from ending up in the hands of the rebels. This fall the company has reaffirmed its commitment to trying to stop the trade and even added a bit of a spin: a sense that the boycott was aimed directly at the National Union for the Total Liberation of Angola (UNITA), the rebel group led by Jonas Savimbi that has been a target of largely...