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economic policy

Cuba weathers storm in Venezuela but future looks uncertain

HAVANA (AP) — Refineries have gone dark. Gas rations have been slashed for hundreds of thousands of state workers. Construction materials are nearly impossible to find. But Cuba’s hotels and restaurants are packed, major U.S. airlines are adding flights and government stores are full of frozen American chicken and U.S.-made …

What the budget analysts say about GOP health care bill

WASHINGTON (AP) — The Republican bill to replace major portions of Barack Obama’s health care law would leave 24 million additional people uninsured over the next decade, according to projections from the Congressional Budget Office. A look at what the CBO said Monday about the House GOP plan that’s backed …

Senior China government adviser criticizes web censorship

BEIJING (AP) — A senior Chinese government adviser has warned that the country’s internet censorship is hampering scientific research and economic development, in a rare public criticism of a sensitive policy that the government has vigorously defended. Slow access to overseas academic websites have forced domestic researchers to buy software …

The Age of Fake Policy – The New York Times

Hyping the trivial obscures reality. On Thursday, at a rough estimate, 75,000 Americans were laid off or fired by their employers. Some of those workers will find good new jobs, but many will end up earning less, and some will remain unemployed for months or years. If that sounds terrible …

No chicken, no cafes: Egyptians scrimp as prices leap

CAIRO (AP) — Money had already been tight as food and electricity bills climbed for weeks. So Ashraf Mahrous, a 45-year-old civil servant, warned his wife, “Black days are ahead,” when Egypt floated its pound and hiked fuel prices this month. Mahrous is now looking for a side job. Rising …

US companies see grim outlook in Cuba despite Obama opening

HAVANA (AP) — For a while Saul Berenthal and Horace Clemmons were the seventy-something poster boys of U.S.-Cuba detente. The retired software entrepreneurs made worldwide headlines by winning Obama administration permission to build the first U.S. factory in Cuba since 1959. Cuban officials lauded their plans to build small tractors …

Egypt devalues, floats its currency, meeting key IMF demand

CAIRO (AP) — Egypt on Thursday took the unprecedented step of floating its currency and later hiked fuel prices, meeting key demands by the International Monetary Fund under a $12 billion loan agreement to overhaul the ailing economy of the most populous Arab state. The floatation, accompanied by a 48 …