Trump administration’s Title III measure puzzles investors and lawyers

Source : Johannes Werner Mon Mar 04, 05:00 pm EST
U.S. Secretary of State Mike Pompeo announced another short-term suspension of the clause in the Helms-Burton Act that would allow claimants to file lawsuits in U.S. courts against foreign companies. But he puzzled lawyers and investors with a very limited activation of Title III. Previous Top Stories

Economy

Official says U.S. will try to disrupt Venezuelan oil supplies to Cuba

The Treasury Department has not issued any specific measures yet, but White House National Security Advisor John Bolton seemed to suggest that something might be forthcoming U.S. tour operator survey suggests slight increase of land-based travel
Despite U.S. sanctions against PdVSA, Venezuelan fuel keeps flowing to Cuba
Cubans get Internet by phone
Reuters: Cuban sugar output behind schedule as season enters final stretch
AP: Trump prepares to tighten trade embargo on Cuba
Miami Herald: Caravan of primarily Cuban migrants trying to reach United States
Reuters: Investors in Cuba wary of impact from U.S. threats, Venezuela crisis

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Companies

Q&A: New York company shares insights about event planning in Cuba

MAD Event Management went from staging a comics fair in Havana to helping the Ministry of Education put together an international conference on pedagogy. Next: Organizing a marathon in Havana Investors worried about U.S. are taking preventive measures
Troubled Spanish developer signs golf agreement
Habanos premium cigar sales grow 7% in 2018
Trade Show News Network: The ups and downs of event planning in Cuba
Sun Sentinel: Passengers upset after cruise ship turned away in Cuba
Miami Herald: Florida-Cuba travel is in flux
Dallas Business Journal: Southwest Airlines balks at American Airlines' new idea for Cuba routes

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Politics

Analysis: The ghost of the Bay of Pigs is haunting Calle Ocho again

In Miami, gloomy Cuban Americans and their Latin allies agree in describing the events in Venezuela, the Cúcuta show, and the failure of the mini-summit Guaidó-Pence in Colombia as a repeat of the failed invasion of Cuba in 1961 Analysis: Constitutional referendum: A landslide victory, with 27% ‘negative’ voters
Ag businesses warn Trump administration about Title III
Analysis: Cubazuela and the failed-state strategy
Miami Daily Business Review: Attorneys prepare lawsuits on behalf of Cuban Americans whose property was confiscated
Washington Post: Little League to include Cuban youth players
Reuters: Cubans overwhelmingly ratify new socialist constitution
AP: Cellphone Internet access bringing changes fast to Cuba

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LIFESTYLES

Vistar magazine: The International Women's Day issue

Profiles of female musicians, painters, sculptors, musicians and fashion designers in Cuba LaHabana.com: The anniversary issue

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BLOG TICKER

Cuba Central: Caritas seeks donations for post-tornado reconstruction in Havana
Cuba Trade magazine: Confused Americans opting for cruise travel to Cuba
Generation Y: Proposals to get help to tornado victims
Havana Times: Havana's ecological car wash
Progreso Weekly: William LeoGrande: Helms-Burton violates the 'Act of State' doctrine
The Internet in Cuba: The first month of Cuban 3G mobile Internet service

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Data & Maps

A first for Havana: The Jan. 27 tornado and its destruction

According to the construction ministry, 3,780 dwellings were affected; of those, 372 are completely destroyed, 518 are partially destroyed. More than 500 roofs were lost and more than 1,800 damaged.

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Cuba’s crude oil and natural gas output has practically been stagnating since 2003. In fact, production of oil fields in the old Havana province (now Mayabeque province), including those of Guanabo, Boca de Jaruco, Santa Cruz and Puerto Escondido, decreased by one-third (-32.1%) over the past 10 years, from a record 1.87 million tons of oil, or 32,350 b/d*. Meanwhile, yields in Matanzas province helped offset the decline in Havana/Mayabeque. Oil output at the Seboruco, Varadero-Cárdenas, Cantel and Majaguillar fields grew by one-third (34.4%) in the same period, to a record 1.54 million tons or 26,670 b/d in 2015.

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Hurricane Irma: Costlier than record storm Ike

Assessing the damage two weeks after the storm, official daily Granma said “it wouldn’t be surprising if the cost exceeds that of Ike in 2008, the most destructive hurricane in this century, which was estimated at 7.325 billion pesos”. Today, this figure would be equivalent to 9% of Cuba’s Gross Domestic Product in 2014, or one-fifth of all tax income collected by the government in 2016.

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