For the last two years I have written about the annual letter of the Cuban Council of the High Priests of Ifá (Consejo Cubano De Sacerdotes Mayores De Ifá), the practitioners of traditional religion brought over from West Africa with the slave trade and now naturalized as a powerful indigenous religion throughout the Caribbean and […]

The “Official Note” was written in a characteristically defensive style, with stern warnings that the strategy will exclude the use of “shock therapies”. But never mind. The important message was clear: Cuba is going to implement “a timeline for measures which will lead to monetary and currency exchange unification.” The inefficient, absurd and discriminatory multiple […]

Cuba has been in default of the bulk of its external financial obligations for over 50 years without negotiations towards a comprehensive restructuring. Even the facts of the case are difficult to ascertain.  According to the most current official Cuban information published by Oficina Nacional de Estadisticas, the external debt stood at $12.3 billion at the […]