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Wednesday, January 26, 2005
  Oil for Fidel; Kinda like the Beverly Hillbillies, only tropical
Cuba: an economy that lives in the past | csmonitor.com: "It's a former Soviet ally that toyed briefly with a little free enterprise. Its people are some of the poorest in the hemisphere. Condoleezza Rice, President Bush's choice as secretary of State, has just labeled it one of six 'outposts of tyranny' in the world.

That's Cuba, still clinging to its communist ways. And it has the economy to show for it. A bright spot - a new oil discovery - lifted hopes for the island nation last month. But don't count on a big change - unless there's a bigger find by Spain's largest oil company, Repsol, drilling in a separate offshore tract.

Cuba has still not fully recovered from the loss of Soviet subsidies more than a decade ago. A communist regime, combined with an economic embargo by the United States, have pushed Cubans to the bottom of the rung in the Western Hemisphere, somewhere between Haitians and Guatemalans."
 
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