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Cuba Legalizes Purchase and Sale Of Private Property

avatar By Jeanne Goddard

02 Nov 2011 51 views
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Cuba Legalizes Purchase and Sale Of Private Property
Cuba announced Thursday it is allowing the purchase and sale of real estate for the first time since the early days of the revolution, the most important reform yet in a series of free-market changes ushered in by President Raul Castro. The change follows the legalization in October of the purchase and sale of cars.

Cuba announced Thursday it is allowing the purchase and sale of real estate for the first time since the early days of the revolution, the most important reform yet in a series of free-market changes ushered in by President Raul Castro.

The change follows the legalization in October of the purchase and sale of cars. Castro has also allowed citizens to go into business for themselves in a number of approved jobs.

(READ the AP story at NPR)

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Chicago Youth Program Fights Violence With Employment

Nearly 700 children were hit by gunfire last year in Chicago. In an effort to reduce the violence, a program called CeaseFire is working to curb gang activity by helping at-risk youth find employment. CeaseFire also patrols the streets of poorer, urban neighborhoods to stop crimes before they happen.

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Chicago Will Pay Cab Companies to Go Green

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Paris Employs Sheep to 'Mow' Lawn at City's Gardens

Officials in Paris this week looking for a greener way to keep its lawns mowed, replaced the fleet of noisy gas-guzzling lawnmowers with a small flock of sheep that are grazing the city's open spaces. The scheme also cuts down on the need for chemical herbicides.

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Family Empowers 16,000 Women With Microfinance

Very poor women in Peru are improving the lives of their families, thanks to business smarts, determination and a small business micro loan from Finca Peru, the family-run social enterprise that helps educate its 16,000 local micro-borrowers in savvy business growth.

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World Bank Raises $165 Million in Bonds for Women-Owned Businesses in Africa

The World Bank on Wednesday said its private sector arm issued about $165 million in 'women's bonds' in the first such sale by the development lender specifically aimed at raising money for businesses owned or run by women in emerging markets. Bonds tied to social or environmental targets are part of a new trend in social finance and follows a green sale of bonds to help cut greenhouse gases in developing countries.

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