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Argos Media

Haass: Why Obama Should Lift the Cuba Embargo | Newsweek International | Newsweek.com - 0 views

  • There are signs that change may finally be coming to Cuba, 50 years after the revolution that brought Fidel Castro to power. In a major shakeup, Raúl Castro, Fidel's brother, fired several high-level officials last week
  • Some American conservatives maintain that all this is reason enough for the United States to persist in its policy of ignoring Cuba diplomatically and sanctioning it economically. At least in principle, one could argue that the revolution is running out of steam and that regime change from within may finally be at hand. The problem is that this argument ignores Cuban reality. The country is not near the precipice of collapse. To the contrary, the intertwined party, government and military have matters well in hand. The population, ensured basic necessities along with access to education and health care, is neither inclined to radical change nor in a position to bring it about.
  • The American policy of isolating Cuba has failed. Officials boast that Havana now hosts more diplomatic missions than any other country in the region save Brazil. Nor is the economic embargo working. Or worse: it is working, but for countries like Canada, South Korea and dozens of others that are only too happy to help supply Cuba with food, generators and building materials.
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  • The policy of trying to isolate Cuba also works—perversely enough—to bolster the Cuban regime. The U.S. embargo provides Cuba's leaders a convenient excuse—the country's economic travails are due to U.S. sanctions, they can claim, not their own failed policies. The lack of American visitors and investment also helps the government maintain political control.
  • There is one more reason to doubt the wisdom of continuing to isolate Cuba. However slowly, the country is changing. The question is whether the United States will be in a position to influence the direction and pace of this change. We do not want to see a Cuba that fails, in which the existing regime gives way to a repressive regime of a different stripe or to disorder marked by drugs, criminality, terror or a humanitarian crisis that prompts hundreds of thousands of Cubans to flee their country for the United States.
Pedro Gonçalves

BBC NEWS | Middle East | Call for day of mourning in Iran - 0 views

  • Meanwhile, the Iranian government complained to foreign ambassadors on Wednesday about what it called "meddlesome" and "impertinent" comments made about Iran's internal affairs. Among those summoned to the foreign ministry was the Swiss envoy who represents US interests in Iran. Iranian officials complained about Washington's "interventionist approach" on the election issue, but the White House has denied the accusation.
  • Among those reportedly detained on Wednesday were newspaper editor Saeed Laylaz and Hamid Reza Jalaipour, an activist and journalist.
  • Ebrahim Yazdi, a foreign minister after the 1979 revolution and now leader of the Freedom Movement of Iran, was arrested while undergoing tests at a hospital in Tehran, a spokesman for his organisation said. Members of the Basij militia have also reportedly raided universities in several Iranian cities, ransacking dormitories and beating up some students.
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  • In another show of defiance on Wednesday, six footballers playing for Iran's national team appeared in a World Cup qualifier in Seoul, South Korea, wearing armbands in the green associated with Mr Mousavi.
  • Iranian affairs analyst Meir Javedanfar said the protests had forced Ayatollah Ali Khamenei into the centre of an escalating crisis and had broken taboos about questioning his final word on important matters. "It's changing the way Iranians see the supreme leader and the system in general. That opens up the system in ways it's never faced before."
Pedro Gonçalves

Japan's long-ruling government braced for election defeat | World news | guardian.co.uk - 0 views

  • Its leader, Yukio Hatoyama, has quietly modified early promises to end Japan's "subservience" to US foreign policy, but he remains committed to enhancing his country's Asian identity through closer ties with China and South Korea.And while he has yet to augment his antipathy to US-led "market fundamentalism" with a clear alternative, the ambiguity that is the luxury of opposition parties looks certain to keep him safe until after the election.
Argos Media

Deal by Deal, China Expands Its Influence in Latin America - NYTimes.com - 0 views

  • As Washington tries to rebuild its strained relationships in Latin America, China is stepping in vigorously, offering countries across the region large amounts of money while they struggle with sharply slowing economies, a plunge in commodity prices and restricted access to credit.
  • In recent weeks, China has been negotiating deals to double a development fund in Venezuela to $12 billion, lend Ecuador at least $1 billion to build a hydroelectric plant, provide Argentina with access to more than $10 billion in Chinese currency and lend Brazil’s national oil company $10 billion. The deals largely focus on China locking in natural resources like oil for years to come.
  • China’s trade with Latin America has grown quickly this decade, making it the region’s second largest trading partner after the United States. But the size and scope of these loans point to a deeper engagement with Latin America at a time when the Obama administration is starting to address the erosion of Washington’s influence in the hemisphere.
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  • Mr. Obama will meet with leaders from the region this weekend. They will discuss the economic crisis, including a plan to replenish the Inter-American Development Bank, a Washington-based pillar of clout that has suffered losses from the financial crisis.
  • Meanwhile, China is rapidly increasing its lending in Latin America as it pursues not only long-term access to commodities like soybeans and iron ore, but also an alternative to investing in United States Treasury notes.
  • One of China’s new deals in Latin America, the $10 billion arrangement with Argentina, would allow Argentina reliable access to Chinese currency to help pay for imports from China. It may also help lead the way to China’s currency to eventually be used as an alternate reserve currency. The deal follows similar ones China has struck with countries like South Korea, Indonesia and Belarus.
  • As the financial crisis began to whipsaw international markets last year, the Federal Reserve made its own currency arrangements with central banks around the world, allocating $30 billion each to Brazil and Mexico. (Brazil has opted not to tap it for now.) But smaller economies in the region, including Argentina, which has been trying to dispel doubts about its ability to meet its international debt payments, were left out of those agreements.
  • Details of the Chinese deal with Argentina are still being ironed out, but an official at Argentina’s central bank said it would allow Argentina to avoid using scarce dollars for all its international transactions. The takeover of billions of dollars in private pension funds, among other moves, led Argentines to pull the equivalent of nearly $23 billion, much of it in dollars, out of the country last year.
  • China is also seizing opportunities in Latin America when traditional lenders over which the United States holds some sway, like the Inter-American Development Bank, are pushing up against their limits.
  • Just one of China’s planned loans, the $10 billion for Brazil’s national oil company, is almost as much as the $11.2 billion in all approved financing by the Inter-American Bank in 2008. Brazil is expected to use the loan for offshore exploration, while agreeing to export as much as 100,000 barrels of oil a day to China, according to the oil company.
  • The Inter-American bank, in which the United States has de facto veto power in some matters, is trying to triple its capital and increase lending to $18 billion this year. But the replenishment involves delicate negotiations among member nations, made all the more difficult after the bank lost almost $1 billion last year. China will also have a role in these talks, having become a member of the bank this year.
  • In February, China’s vice president, Xi Jinping, traveled to Caracas to meet with President Hugo Chávez. The two men announced that a Chinese-backed development fund based here would grow to $12 billion from $6 billion, giving Venezuela access to hard currency while agreeing to increase oil shipments to China to one million barrels a day from a level of about 380,000 barrels
  • Mr. Chávez’s government contends the Chinese aid differs from other multilateral loans because it comes without strings attached, like scrutiny of internal finances. But the Chinese fund has generated criticism among his opponents, who view it as an affront to Venezuela’s sovereignty. “The fund is a swindle to the nation,” said Luis Díaz, a lawmaker who claims that China locked in low prices for the oil Venezuela is using as repayment.
  • “This is China playing the long game,” said Gregory Chin, a political scientist at York University in Toronto. “If this ultimately translates into political influence, then that is how the game is played.”
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