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Baytown Sun in Baytown, Texas

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This newspaper page contains 2 articles. Subscribers can read the full text of each article.

Newspaper

Baytown Sun

Location

Baytown, Texas, United States of America

Date

Nov 18, 1968

Page

8

Money May Become Useless In Castro's Cuba

In Cuba under Fidel Castro the state aims to supply workers with necessities, diminishing money's role. Some sectors offer free meals lodging and clothing. salaries exist but buying options are scarce. A 20 year old grapefruit packer on Isle of Pines earns 75 dollars monthly plus in kind benefits while a construction foreman nets 180 dollars and extra duties. Shortages and a growing black market shape daily life as overtime pay and tips are discouraged by the Communist party.

Fidel Castro Castro Oes Isle of Pines Cuba

International trade woes spark fiscal concerns

New York AP reports that global trade imbalances threaten economies as nations seek to boost exports and curb imports. Britain devalued the pound to 2.40 dollars after a run of high foreign bills, while France faced higher costs from wage increases, reducing foreign demand for its cheaper goods.

New York United States International Monetary Scene Britain France

Also Mentioned on This Page

LEE College John Walden Boney Tri-City Beach Road Robby Nixon Sun ‘Woodcrest Allen Bailey Ron Lennard Havana The Communist Party McCollum D.C Sweden Prince Karl Gustav Monte Carlo Sun Adams Hardware Bayway DR Libby CORY Adams Howe Poodle Bakersfield Calif California Bank Americard
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