Fidel Castro, who defied 10 US presidents in his 50 year rule, dies aged 90

November 26, 2016

Havana, Nov 26: Former President Fidel Castro, who led a rebel army to improbable victory in Cuba, embraced Soviet-style communism and defied the power of 10 US presidents during his half century rule, has died at age 90.

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With a shaking voice, his younger brother, Raul Castro, announced on state television that his brother died at 10:29 p.m. on Friday night.

Castro's reign over the island-nation 90 miles from Florida was marked by the US-backed Bay of Pigs invasion in 1961 and the Cuban Missile Crisis a year later that brought the world to the brink of nuclear war.

The bearded revolutionary, who survived a crippling US trade embargo as well as dozens, possibly hundreds, of assassination plots, died eight years after ill health forced him to formally hand power over to Raul.

Castro overcame imprisonment at the hands of dictator Fulgencio Batista, exile in Mexico and a disastrous start to his rebellion before triumphantly riding into Havana in January 1959 to become, at age 32, the youngest leader in Latin America. For decades, he served as an inspiration and source of support to revolutionaries from Latin America to Africa.

His commitment to socialism was unwavering, though his power finally began to fade in mid-2006 when a gastrointestinal ailment forced him to hand over the presidency to Raul in 2008, provisionally at first and then permanently.

His defiant image lingered long after he gave up his trademark Cohiba cigars for health reasons and his tall frame grew stooped. "Socialism or death" remained Castro's rallying cry even as Western-style democracy swept the globe and other communist regimes in China and Vietnam embraced capitalism, leaving this island of 11 million people an economically crippled Marxist curiosity.

He survived long enough to see Raul Castro negotiate an opening with US President Barack Obama on December 17, 2014, when Washington and Havana announced they would move to restore diplomatic ties for the first time since they were severed in 1961.

He cautiously blessed the historic deal with his lifelong enemy in a letter published after a month-long silence. "It's a tragedy," said Dayan Montalvo, a 22-year-old nurse. "We all grew up with him. I feel really hurt by the news that we just heard."

Fidel Castro Ruz was born August 13, 1926, in eastern Cuba's sugar country, where his Spanish immigrant father worked first recruiting labor for US sugar companies and later built up a prosperous plantation of his own.

Castro attended Jesuit schools, then the University of Havana, where he received law and social science degrees. His life as a rebel began in 1953 with a reckless attack on the Moncada military barracks in the eastern city of Santiago. Most of his comrades were killed and Fidel and his brother Raul went to prison.

Castro cobbled revolutionary groups together into the new Cuban Communist Party, with him as first secretary. Labor unions lost the right to strike. The Catholic Church and other religious institutions were harassed. Neighborhood "revolutionary defence committees" kept an eye on everyone.

Castro exported revolution to Latin American countries in the 1960s, and dispatched Cuban troops to Africa to fight Western-backed regimes in the 1970s. Over the decades, he sent Cuban doctors abroad to tend to the poor, and gave sanctuary to fugitive Black Panther leaders from the US.

But the collapse of the Soviet bloc ended billions in preferential trade and subsidies for Cuba, sending its economy into a tailspin. Castro briefly experimented with an opening to foreign capitalists and limited private enterprise.

As the end of the Cold War eased global tensions, many Latin American and European countries re-established relations with Cuba. In January 1998, Pope John Paul II visited a nation that had been officially atheist until the early 1990s.

Aided by a tourism boom, the economy slowly recovered and Castro steadily reasserted government control, stifling much of the limited free enterprise tolerated during harder times.

As flamboyant as he was in public, Castro tried to lead a discreet private life. He and his first wife, Mirta Diaz Balart, had one son before divorcing in 1956. Then, for more than four decades, Castro had a relationship with Dalia Soto del Valle. They had five sons together and were said to have married quietly in 1980.

By the time Castro resigned 49 years after his triumphant arrival in Havana, he was the world's longest ruling head of government, aside from monarchs. In retirement, Castro voiced unwavering support as Raul slowly but deliberately enacted sweeping changes to the Marxist system he had built.

His longevity allowed the younger brother to consolidate control, perhaps lengthening the revolution well past both men's lives. In February 2013, Raul announced that he would retire as president in 2018 and named newly minted Vice President Miguel Diaz-Canel as his successor.

"I'll be 90 years old soon," Castro said at an April 2016 communist party congress where he made his most extensive public appearance in years. "Soon I'll be like all the others.

The time will come for all of us, but the ideas of the Cuban Communists will remain as proof that on this planet, if one works with fervor and dignity, they can produce the material and cultural goods that human beings need and that need to be fought for without ever giving up."

Comments

Congi Shan
 - 
Saturday, 26 Nov 2016

The whole nation suffered because of this man. Not different from dictators Saddam, Gaddafi & Kim Kong Un

Fawad
 - 
Saturday, 26 Nov 2016

CIA tried 500 times to kill him .....Americans are real terrorists

Fedrick
 - 
Saturday, 26 Nov 2016

Red salute to fidel castro and his revolution!

karthik
 - 
Saturday, 26 Nov 2016

Indians can expect the biggest party in the world issuing membership to the expired revolutionary.

Kavya
 - 
Saturday, 26 Nov 2016

Real communism was followed by Karl Marx who envisaged an egalitarian society unlike the Ambanis and Mallyas of today.

Veerendra Hegde
 - 
Saturday, 26 Nov 2016

He kept an enviable and long record as the only leader who ruled a state for more than 50 years! He fought the mighty US and was recognised as one of the tall leaders in the world, with his demise, it is the end of an era! RIP comrade!

Jayaraj
 - 
Saturday, 26 Nov 2016

it is the end of a long innings.. made colorful by his continued anti US stance...... his cigar and the beard made him a recognizable figure who it is said has survived many number of attempts on his life ....MAY HIS SOUL REST IN PEACE......

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News Network
March 23,2020

Singapore, Mar 23: Oil prices fell at the open in Asia on Monday after a trillion-dollar Senate proposal to help the coronavirus-hit American economy was defeated and death tolls soared across Europe and the US.

US benchmark West Texas Intermediate initially tumbled more than three percent but then pulled back some ground to trade 1.5 percent lower, at $22 a barrel.

Brent crude, the international benchmark, fell 4.9 percent to $25 a barrel.

Prices have fallen to multi-year lows in recent weeks as lockdowns and travel restrictions to fight the virus hit demand, and top producers Saudi Arabia and Russia engage in a price war.

The latest drop came after a trillion-dollar Senate proposal to rescue the US economy was defeated after receiving zero support from Democrats, and with five Republicans absent from the chamber because of virus-related quarantines.

The bill had proposed funding for American families, thousands of shuttered or suffering businesses and the nation's critically under-equipped hospitals.

Coronavirus deaths soared across Europe and the United States at the weekend despite heightened restrictions.

The death toll from the virus -- which has upended lives and closed businesses and schools across the planet -- surged to more than 14,300 Sunday, according to an AFP tally.

AxiCorp chief markets strategist Stephen Innes said that "total demand devastation" had set it.

"Oil markets collapsed out of the gate this morning as prices react... to stringent containment lockdown measures," he said.

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News Network
April 13,2020

Manila, Apr 13: The Asian Development Bank (ADB) on Monday tripled the size of its response to novel coronavirus disease (COVID-19) pandemic to 20 billion dollars and approved measures to streamline its operations for quicker and more flexible delivery of assistance.

The package expands ADB's 6.5 billion dollars initial response announced on March 18, adding 13.5 billion dollars in resources to help ADB's developing member countries counter the severe macroeconomic and health impacts caused by COVID-19.

The 20 billion dollar package includes about 2.5 billion dollars in concessional and grant resources.

"This pandemic threatens to severely set back economic, social, and development gains in Asia and the Pacific, reverse progress on poverty reduction and throw economies into recession," said ADB President Masatsugu Asakawa.

"Our expanded and comprehensive package of assistance, made possible with the strong support of our board, will be delivered more quickly, flexibly and forcefully to the governments and the private sector in our developing member countries to help them address the urgent challenges in tackling the pandemic and economic downturn," he said in a statement.

ADB's most recent assessment released on April 3 estimates the global impact of the pandemic at between 2.3 and 4.8 per cent of gross domestic product. Regional growth is forecast to decline from 5.2 per cent last year to 2.2 per cent in 2020.

The new package includes the establishment of a COVID-19 pandemic response option under ADB's countercyclical support facility.

Up to 13 billion dollars will be provided through this new option to help governments of developing member countries implement effective countercyclical expenditure programs to mitigate impacts of the COVID-19 pandemic, with a particular focus on the poor and the vulnerable.

Grant resources will continue to be deployed quickly for providing medical and personal protective equipment and supplies from expanded procurement sources.

Some 2 billion dollars from the 20 billion dollar package will be made available for the private sector. Loans and guarantees will be provided to financial institutions to rejuvenate trade and supply chains.

Enhanced microfinance loan and guarantee support and a facility to help liquidity-starved small and medium-sized enterprises, including those run by female entrepreneurs, will be implemented alongside direct financing of companies responding to or impacted by COVID-19.

The response package includes a number of adjustments to policies and business processes that will allow ADB to respond more rapidly and flexibly to the crisis. These include measures to streamline internal business processes, widen the eligibility and scope of various support facilities and make the terms and conditions of lending more tailored.

All support under the expanded package will be provided in close collaboration with international organisations, including the International Monetary Fund, World Bank Group, World Health Organisation, UNICEF, other UN agencies and the broader global community.

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News Network
March 2,2020

Paris, Mar 2: A global agency says the spreading new virus could make the world economy shrink this quarter, for the first time since the international financial crisis more than a decade ago.

The Organization for Economic Cooperation and Development says Monday in a special report on the impact of the virus that the world economy is still expected to grow overall this year and rebound next year.

But it lowered its forecasts for global growth in 2020 by half a percentage point, to 2.4 per cent, and said the figure could go as low as 1.5 per cent if the virus lasts long and spreads widely.

The last time world GDP shrank on a quarter-on-quarter basis was at the end of 2008, during the depths of the financial crisis. On a full-year basis, it last shrank in 2009.

The OECD said China's reduced production is hitting Asia particularly hard but also companies around the world that depend on its goods.

It urged governments to act fast to prevent contagion and restore consumer confidence.

The Paris-based OECD, which advises developed economies on policy, said the impact of this virus is much higher than past outbreaks because "the global economy has become substantially more interconnected, and China plays a far greater role in global output, trade, tourism and commodity markets."

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