Ezra Klein on the Incapacity of the Press (Why Oh WHy Can't We Have a Better Press Corps?)
Stephen Roach on Bubble-World

Full Communism!

Eric Umansky watches the news from Cuba:

Eric Umansky: Cuban Coke Factory Raided: Yes yes, as in Coca-Cola:

SANTA CLARA, Cuba - June 23 (Ramón González Abreu, Cubanacán Press / www.cubanet.org) - Special police forces here raided a clandestine soft-drink factory operating out of a home in the El Condado neighborhood, arrested the occupants and seized products and equipment.

Forces of the Interior Ministry Special Brigades found cases of soft drinks, a bottle-filling machine, carbonation equipment and other tools.

The occupants were charged with possession of equipment in pursuit of an illegal economic activity, but they claimed the equipment was all lawfully acquired in hard-currency stores.

Ahhh the joys of entrepreneurship in Cuba. Here's what I wrote last year during my trip to the island:

Walk around downtown and there appears to be at least a smattering of private enterprise. There are multiple car rental companies, even seemingly competing fast food joints (El Rapido and Burgui). Some are run by one government ministry, others by another (for example, some car rental companies are overseen by the tourist department; others are overseen by the ministry of transportation), but in the end all the businesses are owned by the state. "It's the Duff Beer economy," says one expat. "It might all look different, but it's all coming from the same spout."