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Cuba: gold rush for US biz about to begin

The visit by the first American president to visit Cuba since Calvin Coolidge will prove highly profitable for both countries. The economic opportunities will flow north and south. Already one hotel chain has jumped in to manage Cuban hotels.

Cruise lines that carry thousands of tourists will be queuing up to dock in Havana Harbor. Grainy pictures of merry makers of the mid 20th century are causing young Americans to want to go have some fun in the sun in a land that appears frozen in the time before the American embargo.

The President alluded to the similarities between the people of the two countries:

"So even as our governments became adversaries, our people continued to share these common passions, particularly as so many Cubans came to America. In Miami or Havana, you can find places to dance the Cha-Cha-Cha or the Salsa, and eat ropa vieja. People in both of our countries have sung along with Celia Cruz or Gloria Estefan, and now listen to reggaeton or Pitbull. Millions of our people share a common religion..."

While there are similarities, there are many differences.

"But we cannot, and should not, ignore the very real differences that we have -- about how we organize our governments, our economies, and our societies. Cuba has a one-party system; the United States is a multi-party democracy. Cuba has a socialist economic model; the United States is an open market. Cuba has emphasized the role and rights of the state; the United States is founded upon the rights of the individual."

President Obama paid tribute to Kentucky native Muhammad Ali.

"And it's said that our greatest boxer, Muhammad Ali, once paid tribute to a Cuban that he could never fight -- saying that he would only be able to reach a draw with the great Cuban, Teofilo Stevenson."

It will be up to the US Congress to further normalize relations between the two countries. The embargo remains officially in place. As time goes on, and Obama leaves office, look for more cruise ships and more American tourists and businesses making the voyage to an island nation ninety miles off the coast of the United States.


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