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Subject: Fidel Castro

Fidel Alejandro Castro Ruz (born August 13, 1926) is a Cuban politician, one of the primary leaders of the Cuban Revolution, the Prime Minister of Cuba from February 1959 to December 1976, and then the President of the Council of State of Cuba until his resignation from the office in February 2008. He is currently the First Secretary of the Communist Party of Cuba.
Castro was born into a wealthy family and acquired a law degree. While studying at the University of Havana, he began his political career and became a recognized figure in Cuban politics. His political career continued with nationalist critiques of Fulgencio Batista, and of the United States’ political and corporate influence in Cuba. He gained an ardent, but limited, following and also drew the attention of the authorities. He eventually led the failed 1953 attack on the Moncada Barracks, after which he was captured, tried, incarcerated, and later released. He then traveled to Mexico to organize and train for an assault on Batista’s Cuba. He and his fellow revolutionaries left Mexico for the East of Cuba in December 1956.
Castro came to power as a result of the Cuban revolution that overthrew the U.S.-backed dictatorship of Fulgencio Batista, and shortly thereafter became Prime Minister of Cuba. In 1965 he became First Secretary of the Communist Party of Cuba and led the transformation of Cuba into a one-party socialist republic. In 1976 he became President of the Council of State as well as of the Council of Ministers. He also held the supreme military rank of Comandante en Jefe (“Commander in Chief”) of the Cuban armed forces.
Following intestinal surgery from an undisclosed digestive illness believed to have been diverticulitis, Castro transferred his responsibilities to the First Vice-President, his younger brother Raúl Castro, on July 31, 2006. On February 19, 2008, five days before his mandate was to expire, he announced he would neither seek nor accept a new term as either president or commander-in-chief. On February 24, 2008, the National Assembly elected Raúl Castro to succeed him as the President of Cuba. (Wikipedia Jan 2010)

US Politics

Why Obama is sacrificing House Democrats

Many Americans see Obama as cold, arrogant, and didactic.

In order to ram through Congress unpopular healthcare legislation that will radically increase the fiscal deficit and decrease the quality of healthcare for hundreds of millions of Americans, President Obama has asked fellow Democrats to ‘fall of their swords’, voting for his bill even though it might cost them their jobs in November 2010.

This article describes how a president that has little regard for the Constitution or historical precedent, with a radical agenda, could, with impunity, do things that few Americans realize.

US Politics

President Obama and the Lincoln Bible

New Leaders

The Crash of 2008 put Barack Obama in the Oval Office and was the culmination of two secular financial trends: a growing US trade deficit that was the root of easy financing for credit cards and mortgages, and the stock buyback movement that manipulated the equity market and that, in recent years, had become dependent upon easy credit rather than corporate profits.

Americans now have an untested, inexperienced leader, with strange radical friends and a leftist deficit spending agenda. Obama must govern 300 million people in a serious economic crisis that he has the power to exacerbate.

In Obama’s first hundred days, the case of the Lincoln Bible, the Stimulus Bill, staffing problems, and the Maersk Alabama incident, hinted of difficult days to come for the United States.

Featured articles on inside pages

Stock buybacks

The Stock Buyback Era evaluated

The buyback era began when the SEC allowed issuers to manipulate prices to give value to executive options. Stock buybacks since 1982, in 2008 dollars, total $5.77 trillion. More ...

Securities Analysis

Crowd sourcing investment research

Free, easily available investment information is largely unexploited. This is because there is too much of it. Information, to be useful, must be processed. This processing has a time cost. This article describes how new technology allows securities research to evolve beyond the industrial techniques of the 20th century.
More ...

US Politics

Why Congress won't kill ACORN

Closely connected with President Obama, the ACORN group of "community organizers" has drawn censure from the Democrat-controlled Congress as a result of investigative reporting by James O'Keefe and Hannah Giles. More ...

US equities

GAO pooh-poohs a Boomer bust

In 2006, the GAO issued a report saying that the retirement of the Baby Boomers should not have a negative effect on stock prices. This article reviews the GAO reasoning and concludes that the conclusion is not credible. More ...

US Bonds

The collapse of the dollar and US bonds?

The extreme spending of the Obama government, combined with irresponsible bank lending policies promoted by Barney Frank and Chris Dodd, portend rising interest rates, the collapse of the bond market, and the end of dollar supremacy. More ...

World Economy

What Is ‘International Liquidity’?

It used to be that the term 'international liquidity' meant the relative amount of resources available to a nation's monetary authorities that could be used to settle a balance of payments deficit. In the days of the gold standard, this would mean access to gold that could be used to redeem a nation's currency held by foreigners. More ...

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2010-10-29 16:02