Posted on 12/19/2014 5:42:55 AM PST by SeekAndFind
PepsiCo wants in. So do Caterpillar and Marriott International.
Within hours of President Obama’s historic move to restore full diplomatic relations with Cuba, companies in the United States were already developing strategies to introduce their products and services to a market they have not been in for the better part of 50 years — if ever.
“Cuba is a potential market for John Deere products and services,” Ken Golden, a spokesman for Deere & Company, a leading maker of farm and construction equipment based in Illinois, said by email.
But while there may be robust opportunities for some companies, especially those selling products or goods that could be viewed as enhancing Cuba’s own domestic production or helping to develop its underused resources, other companies could get the cold shoulder.
“For a company like McDonald’s, the Cuban government is going to ask, ‘How does McDonald’s coming in and selling hamburgers help the economy of Cuba?’ ” said Kirby Jones, founder of Alamar Associates, which has advised companies on doing business in Cuba since 1974. “It’s just not going to be like other regions where you see a McDonald’s on every corner.”
(Excerpt) Read more at nytimes.com ...
Where does OPIC get its money from to pay off the companies in case of default?
"The Overseas Private Investment Corporation (OPIC) is the U.S. government’s development finance institution. It mobilizes private capital to help solve critical development challenges and, in doing so, advances U.S. foreign policy.
OPIC supports U.S. private investment in more than 160 developing and post-conflict countries around the world in products that produce important economic, environmental and developmental benefits. OPIC catalyzes revenues, jobs and growth opportunities from Europe to the Middle East, as well as Africa to Asia and Latin America. Projects range from those in the renewable resources sector to food, health, tourism, infrastructure, microfinance, financial services and technology and communications.
OPIC operates on a self‐sustaining basis at no net cost to American taxpayers. It has helped to reduce the federal budget deficit for the 36th consecutive year. To date, OPIC has supported more than $200 billion of investment in more than 4,000 projects, which have generated an estimated $76 billion in U.S. exports and supported more than 278,000 American jobs."
It is my belief that as practical matter, OIC seldom pays out because there is not much default
This Cuba policy change has Wall Street and the Chamber of Crony Capitalism’s finger prints all over it. Face it they run the country now. I hate to say it but it is true.
NYT. Right on cue.
Suckers.
Most of the good “American classic” cars were expropriated and sold in Europe in the 80s. What remains have mostly been re-engined with Soviet-era engines and other non-standard mods. Given that that’s what kept them going as long as they have, it would almost be a shame to restore them back to their original condition...let them be another subculture of car collecting.
Somehow it wouldn’t surprise me if the old cars are declared “national treasures”, and export of them off of Cuba is forbidden.
People who open these in-home restaurants in Cuba with five family members as employees are sanctioned by the authorities if they begin serving too many people.
Good luck with that, McDonalds.
They will help build new prisons and enrich those in power.
Behind Obama’s unconditional surrender to the Castro’s brothers, is the plot to make the American taxpayers liable for whatever the American companies sell to Cuba. The end of the embargo is their goal. "Because of something called the Export-Import Bank there's no risk whatsoever in exporting to bankrupt, murderous and kleptocratic regimes- worse there' no incentive for the kleptocrats to clean up their act, as would happen under a genuine free-market. Also the World, financed 80% by the American taxpayers will open their vaults to be freely looted by the Castro brothers."
Castro helped to bankrupt the Soviet Union, Obama before leaving want to complete the destruction of United States. In the commercial and political relations of the Cuban regime and the U.S. there are several priorities to be concerned with.
1st. Cuba has defaulted in all his international financial deals and Castro encourages other Third World nations to follow his example. Why are we going to sell to someone without the expectation to ever be pay. The American taxpayers should be aware that they are the targets of the scam by which the multinationals sell to Castro whatever he needs and we, the taxpayers, end footing the bill. Castro for 42 years has been with commercial ties with over 150 nations. Now when he has exhausted the patience of nations fool enough to have given him credit, Castro’s puppets in the media, the congress in cahoots with some greedy commercial circles are trying that the American taxpayers shoulder the heavy burden of subsidizing his regime to the tune of 9 billions dollars.
2nd. The American companies can not made legally business with Cuba without violating several American laws.
A.- Trading with the Enemy Act.
B.- U.S. Commercial Embargo Against Cuba.
C.- Helms- Burton Law.
D.- Involvement in bribes in commercial dealings with another nation.
E.- Involvement in slave labor of foreign workers in connivance with the local authorities.
3rd. Cuba is, and has been a terrorist state for 54 years, and counts with advanced chemical, biological and cyber warfare capabilities aimed against our country. The cooperation between the Cuban regime with Iraq and Iran in the chemical and biological research is well known. A few months before the September 11 attack Castro affirmed at the University of Tehran that their cooperation would put the U.S. down to its knees. Castro once tried to nuke our cities and he has the means and the will to fulfill his dream of destroying our country. If we are involved in a worldwide war against terrorism, Cuba at 90 miles from our coasts should be a prime target in that war; so, those involved in appeasement policies towards Castro and in the promotion of the lifting of the commercial embargo against Cuba are in fact aiding and abetting our worst enemy.
The British intelligence recently made public the relationship between Castro and the terrorist guerrillas of Colombia, IRA, and Chilean terrorists. The socialist administration in Chile has expressed their deepest concern to Castro. The Cuban dictator, as usual, disregarded Chile's official inquiry into the matter and denied that any of those Chilean terrorists had ever been in Cuba, although there are phone calls that were intercepted between them while in Cuba and their relatives in Chile.
We have to wander why Obama unconditionally surrendered to the Cuban Communist thugs endangering the security of the U.S.?
I agree the special mods to American classic cars in Cuba ought to place them in a special category.
Nobody smokes those dog turds anymore...
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.