October 10, 1996 |
Curtis Carlson, a Minneapolis tycoon who runs an empire of tourist hotels, restaurants and cruise ships, accepted an invitation from Fidel Castro five years ago to assess whether it would make sense to invest in Cuba. So impressed was Carlson that he initiated plans for building two Radisson hotels, renovating an old Cuban hotel, opening several TGI Friday restaurants and making Havana a regular call of Caribbean cruise ships. "There is a pent-up demand for this destination," said T.
October 4, 1996 |
Pity poor Javier Garza Calderon, president of the Mexican company Grupo Domos, which manages Cuba's telephone company. The U.S. government has warned the executive to dump his Cuban investment by today--or lose the visas that let him, his family and several other executives enter the United States. Garza Calderon typically visits 60 times a year.
September 7, 1996 |
President Clinton's special envoy on Cuba acknowledged Friday that he has encountered little but anger and venom in his first meetings with allied officials as he tries to work out a joint Cuba policy. The anger is directed mainly at the Helms-Burton law, which penalizes foreign companies that do business in Cuba using property once owned by Americans. Commerce Undersecretary Stuart Eizenstat said that, despite the anger over the law--sponsored by Sen. Jesse Helms (R-N.C.) and Rep.
July 17, 1996 |
President Clinton on Tuesday delayed harsh new penalties on foreign companies that do business with Cuba, saying that postponing such measures could boost international pressure to force the Fidel Castro regime to a democratic path. Hoping to defuse a threat to U.S. foreign policy interests and possibly also to his reelection, Clinton announced a choice fashioned to blunt the most drastic consequences of an anti-Castro law that will go into effect Aug. 1.
May 30, 1996 |
A giant Mexican cement company has become the first foreign firm to bow to U.S. demands that it pull out of Cuba, a striking illustration of the threat posed by a controversial new U.S. law that has angered American trading partners around the world. The company, Cementos Mexicanos, has pulled out of the communist country rather than face possible penalties from Washington against its U.S. operations, U.S. officials said Wednesday.
May 9, 1996 |
A new law tightening sanctions against Cuba will not affect visas for foreign business executives who began operating on confiscated U.S. property before March 12, the State Department said Wednesday. Spokesman Nicholas Burns said U.S. visas will be denied only to those foreigners who "trafficked" in such property after that date, when the Helms-Burton legislation was signed by President Clinton.