Strategies backfiring: South Florida Sun-Sentinel
Even though oil hit $75 a barrel last week, Venezuelan President Hugo Chávez has begun to stumble in his efforts to buy elections for his friends in Latin America.
It is clear why Chávez is using his diatribe and his country's oil revenue to try to get allies elected throughout the hemisphere: His anti-American economic block is crumbling. Despite his objections, Peru and Colombia signed free trade agreements with the United States. That came after Central America and the Dominican Republic had done the same.
That was too much for Chávez to take. Brazil, Argentina and Uruguay have socialist governments, but refuse to accept his leadership or his ego. Brazil encourages moderation in the region as it jockeys with Venezuela to see who can be the true leader for South America. Chile is governed by a socialist president, but continues to practice a free market economic policy.
For another controversial dictator, Fidel Castro, we assume he has economic control over a web of state-owned companies, including El Palacio de Convenciones, a convention center near Havana; Cimex, retail conglomerate; and Medicuba, which sells vaccines and other pharmaceuticals produced in Cuba. Former Cuban officials insist Castro, who travels exclusively in a fleet of black Mercedes, has skimmed profits from these outfits for years. To come up with a net worth figure, we use a discounted cash flow method to value these companies and then assume a portion of that profit stream goes to Castro. To be conservative, we don’t try to estimate any past profits he may have pocketed, though we have heard rumors of large stashes in Swiss bank accounts. Castro, for the record disagrees, insisting his personal net worth is zero.
The first of these is that a Muslim’s relationship with his God is one of fear. A Muslim’s conception of God is absolute. Our God demands total submission. He rewards you if you follow His rules meticulously. He punishes you cruelly if you break His rules, both on earth, with illness and natural disasters, and in the hereafter, with hellfire.
