OPINION
September 8, 2011 | By Robert S. McElvaine
President Obama will have to decide by next week whether to continue, for yet another year, provisions of the U.S. trade embargo on Cuba. Without a presidential extension, these provisions — though not others that were instituted by congressional action — will end this month. The ending of the embargo is long overdue. The current economic crisis provides a useful rationale for doing so. There is precedent for taking such a step with a communist nation during hard times. In the face of the Depression, prominent American businessmen began arguing that recognition of the Soviet Union would lead to a substantial increase in trade and so provide a much-needed boost to the U.S. economy.
OPINION
March 14, 2011 | By Sarah Stephens
Cuba and its foreign partners will begin exploring for oil this year in the Gulf of Mexico. Drilling will take place as close as 50 miles from Florida and in sites deeper than BP's Macondo well, the source of last year's disaster. About 5 billion barrels of oil and 10 trillion cubic feet of natural gas lie beneath the gulf in land belonging to Cuba, according to the U.S. Geological Survey. If Cuba finds oil in commercially viable amounts, this would be transformative. Revenue from natural resources has the potential to provide long-sought stability for its economy and is likely to significantly alter Cuba's relations with Venezuela, Asia and other leading energy-producing and consuming nations.
WORLD
March 1, 2011 | By Borzou Daragahi, Los Angeles Times
Moammar Kadafi's loyalists appeared to have strengthened their grip on the Libyan capital, while chaos roiled much of the country and spilled over its borders in a wave of frightened refugees. The unrest in Libya has left hundreds dead and nearly frozen the country's oil-based economy. The United Nations reported Monday that more than 100,000 refugees, many of them laborers from nearby countries, have fled to Tunisia and Egypt over the last week to escape destitution and an outbreak of violence that has drawn international condemnation.
WORLD
December 5, 2010 | By Borzou Daragahi, Los Angeles Times
If Mohsen doesn't come up with $100,000 by the end of the week, he's a dead man. Or so the seemingly well-to-do Tehran businessman says as he fidgets in his chair, inhales another Marlboro Light and adjusts his fitted sports jacket, his eyes darting nervously back and forth in the cafe as if he were being hounded by a ghost. His company, he says, is a million dollars in the hole. "Do you know where I can get a $100,000 loan?" he demands of a friend, only half in jest.
WORLD
October 14, 2010 | By Simon Roughneen, Los Angeles Times
A Thai court has agreed this week to hear an appeal by suspected arms trafficker Victor Bout, a move likely to frustrate, at least temporarily, U.S. efforts to extradite him on four terrorism-related counts. The former Russian military officer earned international notoriety in the post-Cold War era for allegedly arming a rogues' gallery of terrorist groups, militias and governments, many of which were under a United Nations weapons embargo. If the court proceeds with the appeal it accepted Wednesday, Bout could remain in a Thai prison beyond the Nov. 20 U.S. extradition deadline, a date determined after an earlier court decision.
OPINION
September 15, 2010
Cuban President Raul Castro has been moving slowly but steadily over the last couple of years to relax his government's grip on the country's ailing economy, yet it is the news that half a million state workers will get pink slips in the coming months and will be expected to find jobs in the private sector that has created a front-page buzz in the United States. Change is underway in the Cuban economy. It is time for Congress to end the archaic and ineffectual U.S. trade embargo and get out of the way of U.S. investment in Cuba before American firms lose out to those from Europe, Brazil and elsewhere.