Lawyers filed a notice of the settlement Thursday in federal court in Washington. The settlement amount was not disclosed, and the agreement only covers Development Alternatives Inc., also known as DAI, not the government.
DAI’s chief executive officer said in a statement that settling the lawsuit, in which neither party admits fault, allows the company to work together with Gross’ family to bring him home.
Gross’ wife Judy, who has traveled to Cuba on several occasions to see her husband, said in the same statement that the family is “very pleased that DAI has committed to help address the injuries sustained by our family.
The $60million lawsuit was settled for an undisclosed amount.
Cuban officials have suggested they would be willing to free Gross in exchange for the men. Four of the men remain in prison in the United States. One man who completed his sentence but was serving probation in the U.S. was recently allowed to return to Cuba permanently.
Brazil plans to hire 6,000 Cuban doctors to serve in remote parts of the country where medical services are deficient or nonexistent, despite controversy over the quality of their training.
The Brazilian foreign minister, Antonio Patriota, said negotiations were under way involving the Washington-based Pan-American Health Organization (PAHO) to allow the Cuban doctors to practice in Brazil.
Brazilian medical associations have opposed Cuban-trained doctors practicing in their country, arguing that standards at Cuba’s medical schools are lower than in Brazil and equivalent in some cases to a nursing education.
In exchange for the Cuban indentured doctors,
He said Brazil would pay for the modernisation of five airports in Cuba, where Brazilian construction conglomerate Odebrecht is already building a container terminal at the port of Mariel.
On Monday, Brazil’s trade minister Fernando Pimentel signed an agreement in Havana setting conditions for a $176m (£113m) loan from its giant development bank BNDES to upgrade and expand the airports of Havana, Santa Clara, Holguín, Cayo Coco and Cayo Largo.
Sounds to me like the powers that be are counting on an expansion of trade and travel once Fidel & Raul are no longer of this world.
President Cristina Fernandez de Kirchner wants tax evaders hiding about $160 billion in dollars to help finance Argentina’s oil-producing ambitions. Her offer: Buy a 4 percent bond or face the prospect of jail time.
The tax authority announced the plan May 7, highlighting its information-sharing agreements with 40 nations and warning Argentines who don’t use the three-month amnesty window that they risk fines or arrest. Evaders have two options for their cash and the only one paying interest will be a dollar bond due in 2016 to finance YPF SA (YPF), the state oil company. The 4 percent rate is a third the average 13.85 yield on Argentine debt and less than the 4.6 percent in emerging markets.
Economists say Venezuela’s shortages stem from price controls meant to make basic goods available to the poorest parts of society and the government’s controls on foreign currency.
“State-controlled prices — prices that are set below market-clearing price — always result in shortages. The shortage problem will only get worse, as it did over the years in the Soviet Union,” said Steve Hanke, professor of economics at Johns Hopkins University.
Then the government raised prices by 20%, which will eat up the 20% raise in minimum salary that went in effect on May 1st.
According to the Spanish newspaper ABC, the Maduro dictatorship is blaming its opponents for Caracastan’s toilet paper shortage.
“The Revolution will import around 50 million rolls of hygienic tissue… so our people can calm down and realize that they should not allow themselves to be manipulated by media campaigns that speak of shortages,” said Minister of Commerce Alejandro Fleming, through the state-run Venezuelan News Agency.
Minister Fleming cited facts and figures to prove that the production and importation of toilet paper was more than adequate in Caracastan, and then claimed that a “sobredemanda” — a sudden spike in demand — fiendishly orchestrated by the government’s opponents had caused the product to disappear from store shelves throughout the country.
Considering the disastrous state of what’s left of the Venezuelan economy, it’s no wonder people may have the runs,
Finance Minister Nelson Merentes said the government was also addressing the lack of foreign currency, which has resulted in the suspension of foreign supplies of raw materials, equipment and spare parts to Venezuelan companies, disrupting their production.
“We are making progress … we have to work very hard,” Merentes told reporters Wednesday.
Many factories operate at half capacity because the currency controls make it hard for them to pay for imported parts and materials. Business leaders say some companies verge on bankruptcy because they cannot extend lines of credit with foreign suppliers.
Speaking of runs, consumers who had spent hours waiting in line were stampeding in Caracas when they heard chicken parts and flour were finally available,
accusing him of hoarding products as part of an “economic war” on the state by private business.
Mendoza, whose company is Venezuela’s biggest beer- and flour-maker, denied that and pointedly challenged the government to sell production plants nationalized under Chavez back to the private sector to boost efficiency.
Mendoza would not be intimidated, and at least for now, Maduro backed off.
Toilet paper buyers continue to wait in line,
Fleming, the commerce minister, said monthly consumption of toilet paper was normally 125 million rolls, but that current demand “leads us to think that 40 million more are required.”
“We will bring in 50 million to show those groups that they won’t make us bow down,” he said.
Hmmm… 125 + 40 – 50 still leaves you 115 million rolls short, Minister Flemimg.
“Popo,” as the volcano is known, has displayed a “notable increase in activity levels” in the last few days, including tremors and explosive eruptions, according to a statement from the federal government.
Webcams have shown large chunks of molten rock spewing from the crater, and ash has rained down on the nearby city of Puebla. On Sunday, Mexico’s National Center for Disaster Prevention elevated its warning level to “Yellow Phase 3,” the fifth stage of a seven-stage warning scale.
“Don Goyo”, Popo’s other name was throwing red rocks.
Popo’s twin, Iztaccihuatl, remains dormant.
And, no, don’t ask me how to pronounce Iztaccihuatl.