Group items tagged

The deepest problem is Exxon’s business plan. The company spends huge amounts of money searching for new hydrocarbons. Given the recent plunge in oil prices, its capital spending and exploration budget was indeed cut by 12 percent in 2015 to $34 billion, and another 25 percent in 2016 to $23.2 billion. In 2015, that meant Exxon was spending $63 million a day “as it continues to bring new projects on line.” They are still spending a cool $1.57 billion a year looking for new sources of hydrocarbons — $4 million a day, every day.

That’s why it’s wildly irresponsible for a company to be leading the world in oil exploration when, as scientists have carefully explained, we already have access to four or five times as much carbon in the Earth as we can safely burn.

Allowing Cubans to sign cellphone contracts helped swell the state coffers but gave citizens a tool for information and communication. Every little move toward flexibility has provided some economic relief to the administration and, simultaneously, a relative loss of control.

“Raúlist reforms.” The octogenarian leader appears to know that if he speeds up change, the entire sociopolitical model could dismantle before his eyes. While he keeps delivering the same message and proclaiming that changes are “for more socialism,” the reality makes it clear that Cuba is transitioning to a sort of capitalism exempt of labor rights and civic freedom.

A growing number of Cubans build their own receivers to enjoy television programming from Florida. Copies of those shows, popularly known as “the package,” are distributed on USB sticks or external hard drives by clandestine networks.