Newport Beach, CA: This attempt to ride from L.A. to Phoenix is underway. Arriving at Long Beach airport from Salt Lake and DC, the bike box was intact and waiting at baggage claim. It took 30 minutes or so to get it assembled, dispose of the box and get under way on a sunny 70 degree Southern California afternoon. East of what was the main … Continue reading From Long Beach to the Santa Ana Trail
Beginning with a trickle and then growing rapidly, a steady flow of money into Cuba will be the first tangible effect of normalized US-Cuban relations. With more cash reaching the island’s impoverished citizens comes hope for a better life, something all Cubans desperately want. Cubans typically earn only $20 per month so that tips from visitors rank just below remittances as a financial lifeline. Like … Continue reading Easing of US Restrictions Promises Better Lives for Cubans
HAVANA, CUBA: In light of the historic thaw in US Cuban relations announced on December 17th, three items stand out from a four-day visit to Havana: 1/ Cuba’s economy is a disaster in desperate need of reform. 2/ The communist party retains its tight grip and political change is a long way off. 3/It is likely to be months before normalized bi-lateral relations produce real … Continue reading A Look at Cuba Before Normalization Takes Hold
It’s been a devastating 18 months for the Australian auto industry and its 50, 000 workers. One by one, the country’s automakers declared that without import protection they couldn’t be profitable and had to close. Ford is the first to go. Its local CEO Bob Graziano observed that Australian manufacturing costs are four times Asian levels and double those of Europe. Having lost $600 million … Continue reading Globalization and the Australian Car Industry
Che Guevara, the global icon whose revolutionary image adorns millions of tee shirts, was governor of the Cuban central bank from 1959 to 1961. While stopping short of his fanciful notion of abolishing money, the Argentine-born communist did nationalize all farms and industries, a measure that bedevils the island 55 years later. Cuba’s economy is a wreck. Most of the island’s 13 million inhabitants are … Continue reading Cuba’s Dual Currency System Complicates Needed Reforms
