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
January 24,2020

Davos, Jan 24: Pakistan Prime Minister Imran Khan claimed that he met with a “brick wall” when he approached Indian Prime Minister Narendra Modi with a peace proposal, soon after assuming office.

In an interview to Foreign Policy magazine on the sidelines of WEF 2020 here, Khan also said he told Modi that Pakistan will act firmly if it was given evidence of any involvement in the Pulwama terror attack, but India instead “bombed” Pakistan.

Tensions have escalated between the two countries, following India withdrawing the special status of Jammu and Kashmir in August 2019. Even since, Khan has been trying to seek global intervention to de-escalate the tensions between the two countries.

On Thursday, India's External Affairs Ministry spokesperson Raveesh Kumar categorically ruled out any third party role on the Kashmir issue, asserting that any issue between the two countries should be resolved bilaterally.

In the interview, Khan said that he is a firm believer that military means are not a solution to ending conflicts. “After assuming office, I immediately reached out to Prime Minister Modi. I was amazed by the reaction I got, which was quite weird.

The subcontinent hosts the greatest number of poor people in the world, and the best way to fight poverty is to have a trading relationship between the two countries rather than spending money on arms. This is what I said to the Indian Prime Minister. But I was met by brick wall,” Khan said.

Khan took charge as Prime Minister in August 2018. Referring to the suicide attack in Pulwama, Khan said he immediately told Modi ,“if you can give us any actionable intelligence (that Pakistanis were involved), we will act on it. But rather than do so, they bombed us.”

Noting that the both countries are not close to conflict right now, Khan said that it is important that the UN and the US act.

When asked about US President Donald Trump’s close relationship with Modi, Khan said the relationship is understandable because India is a huge market. “My concern is not about the US-India relationship. My concern is the direction in which India is going,” Khan said.

Khan also sought to compare the events in India to what happened in Nazi Germany.

“Between 1930 and 1934, Germany went from a liberal democracy to a fascist, totalitarian, racist state. If you look at what is happening in India under the BJP in the last five years, look where it's heading, you'll see the danger. And you're talking about a huge country of 1.3 billion people that is nuclear-armed,” he said.

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News Network
April 21,2020

New York, Apr 21: Oil prices plunged below zero on Monday as demand for energy collapses amid the coronavirus pandemic and traders don't want to get stuck owning crude with nowhere to store it.

Stocks were also slipping on Wall Street in afternoon trading, with the S&P 500 down 0.9%, but the market's most dramatic action was by far in oil, where benchmark U.S. crude for May delivery plummeted to negative $3.70 per barrel, as of 2:15 pm. Eastern time.

Much of the drop into negative territory was chalked up to technical reasons — the May delivery contract is close to expiring so it was seeing less trading volume, which can exacerbate swings. But prices for deliveries even further into the future, which were seeing larger trading volumes, also plunged.

Demand for oil has collapsed so much due to the coronavirus pandemic that facilities for storing crude are nearly full.

Tanks could hit their limits within three weeks, according to Chris Midgley, head of analytics at S&P Global Platts.

Benchmark U.S. crude oil for June delivery, which shows a more ”normal” price, fell 14.8% to $21.32 per barrel, as factories and automobiles around the world remain idled. Big oil producers have announced cutbacks in production in hopes of better balancing supplies with demand, but many analysts say it's not enough.

“Basically, bears are out for blood,” analyst Naeem Aslam of Avatrade said in a report. “The steep fall in the price is because of the lack of sufficient demand and lack of storage place given the fact that the production cut has failed to address the supply glut.”

Halliburton swung between gains and sharp losses, even though it reported stronger results for the first three months of 2020 than analysts expected. The oilfield engineering company said that the pandemic has created so much turmoil in the industry that it “cannot reasonably estimate” how long the hit will last. It expects a further decline in revenue and profitability for the rest of 2020, particularly in North America.

Brent crude, the international standard, was down $1.78 to $26.30 per barrel. .

In the stock market, the mild drops ate into some of the big gains made since late March, driven lately by investors looking ahead to parts of the economy possibly reopening as infections level off in hard-hit areas.

Pessimists have called the rally overdone, pointing to the severe economic pain sweeping the world and continued uncertainty about how long it will last.

The Dow Jones Industrial Average was down 364 points, or 1.5%, to 23,887. The Nasdaq was down 0.1%..

More gains from companies that are winners in the new stay-at-home economy helped limit the market's losses Amazon rose 1.4%, and Netflix jumped 3.8% as people shut in at home buy staples and look to fill their time. Clorox likewise rose toward a new record and was up 1% as households and businesses that remain open look to stay clean.

In Tokyo the Nikkei 225 fell 1.1% after Japan reported that its exports fell nearly 12% in March from a year earlier as the pandemic hammered demand in its two biggest markets, the U.S. and China.

The Hang Seng index in Hong Kong lost 0.2%, and South Korea's Kospi fell 0.8%.

European markets were modestly higher The German DAX was up 0.5%, the French CAC 40 was up 0.7% and the FTSE 100 in London gained 0.7%.

In a sign of continued caution in the market, Treasury yields remained extremely low. The yield on the 10-year Treasury slipped to 0.64% from 0.65% late Friday. It started the year near 1.90%. Bond yields drop when their prices rise, and investors tend to buy Treasurys when they're worried about the economy.

Stocks have been on a generally upward swing recently, and the S&P 500 just closed out its first back-to-back weekly gain since the market began selling off in February. Promises of massive aid for the economy and markets by the Federal Reserve and U.S. government ignited the rally, which sent the S&P 500 up as much as 28.5% since a low on March 23.

More recently, countries around the world have tentatively eased up on business-shutdown restrictions put in place to slow the spread of the virus.

But health experts warn the pandemic is far from over and new flareups could ignite if governments rush to allow ”normal” life to return prematurely.

The S&P 500 remains about 15% below its record high in February as millions more U.S. workers file for unemployment every week amid the shutdowns.

Many analysts also warn that a significant part of the recent recovery in stocks is due to the expectation among some investors that the economy will rebound sharply once economic quarantines are lifted. They're essentially predicting that a line chart of the economy will ultimately resemble the letter “V,” with a wild ride down but then a quick pivot to a vigorous recovery.

That may be to optimistic. “We caution that a U-shaped recovery is also quite likely,” where the economy bottoms out and stays at that low level for a while before recovering, strategists at Barclays warned in a recent report.

Without strong testing programs for COVID-19, businesses likely won't feel comfortable bringing back their full workforces for a while.

”With risk assets now overbought, the chance for a correction has increased,” Morgan Stanley strategists wrote in a report.

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News Network
May 13,2020

Islamabad, May 13 : The number of confirmed COVID-19 cases in Pakistan rose to 34,370 on Wednesday after new infections were confirmed in the country.

As per province-wise breakup of the total tally cited by Radio Pakistan, so far 13,225 cases have been registered in Punjab, 12,610 in Sindh, 5,021 in Khyber Pakhtunkhwa, 2,158 in Balochistan, 759 in Islamabad, 475 in Gilgit Baltistan and 88 in Pakistan-occupied Kashmir.

As many as 2,255 cases positive were confirmed, while 31 deaths reported during the last 24 hours.

At least 737 patients have died so far while 8,812 stand recovered, the media reported further.

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