source: AP

An ailing, 81-year-old Fidel Castro resigned as Cuba’s president Tuesday after nearly a half-century in power, saying he will not accept a new term when parliament meets Sunday. The end of Castro’s rule - the longest in the world for a head of government - frees his 76-year-old brother Raul to implement reforms he has hinted at since taking over as acting president when Fidel Castro fell ill in July 2006.

By sunrise, most people headed to work in Havana seemed to have heard the news, which they appeared to accept without obvious signs of emotion. There were no tears or smiles as Cubans went about their usual business. “He will continue to be my commander in chief, he will continue to be my president,” said Miriam, a 50-year-old boat worker waiting for the bus to Havana port. “But I’m not sad because he isn’t leaving, and after 49 years he is finally resting a bit.”

The resignation opens the path for Raul Castro’s succession to the presidency, and the full autonomy he has lacked in leading a caretaker government. The younger Castro has raised expectations among Cubans for modest economic and other reforms, stating last year that the country requires unspecified “structural changes” and acknowledging that government wages that average about $19 a month do not satisfy basic needs.

Dear Raul: Please take the hint and drop this communism business, so I can finally go to Havana and enjoy your fine cigars. Thank you.

Here’s the segment from Jim Cramer’s Mad Money where he interviews Republican hopeful Ron Paul:

Jim Cramer is a funny guy. He sucks up to Ron Paul over the Federal Reserve and yet weeks ago he was screaming for the Bernanke and the FED to intervene:

But then again, they’re the only game in time. I suppose you gotta play ball.

LOL, Cramer.

Anyway, I support Ron Paul and encourage you to check out

http://www.teaparty07.com/
http://www.ronpaul2008.com/

What the federal reserve has been doing to America since 1913 is a travesty. I think Paul is the only one who recognizes this.

This youtube video is making the rounds in Venezuela:

Reuters Story:

A video of a Gucci- and Louis Vuitton-clad politician attacking capitalism then struggling to explain how his luxurious clothes square with his socialist beliefs has become an instant YouTube hit in Venezuela.

Venezuelan Interior Minister Pedro Carreno was momentarily at a loss for words when a journalist interrupted his speech and asked if it was not contradictory to criticize capitalism while wearing Gucci shoes and a tie made by Parisian luxury goods maker Louis Vuitton.

“I don’t, uh … I … of course,” stammered Carreno on Tuesday before regaining his composure. “It’s not contradictory because I would like Venezuela to produce all this so I could buy stuff produced here instead of 95 percent of what we consume being imported.”

Riding a boom in oil prices, middle-class and wealthy Venezuelans are on a spending spree, guzzling fine whiskies and snapping up luxury cars. Poorer Venezuelans also have benefited, with subsidies driving a spike in demand for basic products.

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