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December 22, 2014
What does this Cuba deal do to compensate U.S. investors?
My late uncle used to work for a U.S. citizen who had a small manufacturing company in central Cuba. It employed about 20 Cubans and was typical of many Americans who lived and had companies on the island. In other words, not every dollar confiscated by the communists was that of large hotel holdings or infrastructure companies. On the contrary, there were many American small and medium-sized businesses that employed and trained Cubans. These Americans brought their talents and money to Cuba. My uncle's employer saw his business closed and confiscated. He was never compensated by the Cuban government. Who is going to look after all of those Americans now that we plan to lift the embargo? Maybe someone should ask President Obama the next time he takes questions from the press. Last year, Leon Neyfakh called on us to remember the issue: What’s often forgotten, though, is that the embargo was actually...(Read Full Post)