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JM WAVE
JMWAVE or JM/WAVE or JM WAVE was the codename for a major secret United States covert operations and intelligence gathering station operated by the CIA from 1961 until 1968. It was headquartered in Building 25 at the former Naval Air Station Richmond, an airship base about 12 miles south of the main campus of the University of Miami on what is today the university's South Campus in Miami. The intelligence facility was also referred to as the CIA's "Miami Station" or "Wave Station."The Castro Obsession: U.S. Covert Operations in Cuba, 1959-1965', Don Bohning, Potomac Books, 2005, Cold War in South Florida: Historic Resource Study', Steven Hach (ed. Jennifer Dickey), National Park Service Southeast Regional Office, U.S. Department of the Interior, October 2004 History JMWAVE underwent its first major development when it was established as the operations center for Task Force W, the CIA's unit dedicated to "Operation Mongoose," Spymaster: My Life in the CIA', Theodore G. Shackl ...
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Bay Of Pigs Invasion
The Bay of Pigs Invasion (, sometimes called ''Invasión de Playa Girón'' or ''Batalla de Playa Girón'' after the Playa Girón) was a failed military landing operation on the southwestern coast of Cuba in 1961 by Cuban exiles, covertly financed and directed by the United States. It was aimed at overthrowing Fidel Castro's communist government. The operation took place at the height of the Cold War, and its failure influenced relations between Cuba, the United States, and the Soviet Union. In December 1958, American ally General Fulgencio Batista was deposed by Castro's 26th of July Movement during the Cuban Revolution. Castro nationalized American businesses—including banks, oil refineries, and sugar and coffee plantations—then severed Cuba's formerly close relations with the United States and reached out to its Cold War rival, the Soviet Union. The Central Intelligence Agency (CIA) began planning the overthrow of Castro, which U.S. President Dwight D. Eisenhower appr ...
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Economic Boom
An economic expansion is an increase in the level of economic activity, and of the goods and services available. It is a period of economic growth as measured by a rise in real GDP. The explanation of fluctuations in aggregate economic activity between economic expansions and contractions is one of the primary concerns of macroeconomics. Typically an economic expansion is marked by an upturn in production and utilization of resources. Economic recovery and prosperity are two successive phases of expansion, where as a recession is defined as two declining periods of GDP. Expansion may be caused by factors external to the economy, such as weather conditions or technical change, or by factors internal to the economy, such as fiscal policies, monetary policies, the availability of credit, interest rates, regulatory policies or other impacts on producer incentives. Global conditions may influence the levels of economic activity in various countries. Economic contraction and expa ...
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Purchasing Power Parity
Purchasing power parity (PPP) is the measurement of prices in different countries that uses the prices of specific goods to compare the absolute purchasing power of the countries' currency, currencies. PPP is effectively the ratio of the price of a basket of goods at one location divided by the price of the basket of goods at a different location. The PPP inflation and exchange rate may differ from the Exchange rate, market exchange rate because of tariffs, and other transaction costs. The Purchasing Power Parity indicator can be used to compare economies regarding their Gross Domestic Product, labour productivity and actual individual consumption, and in some cases to analyse price convergence and to compare the cost of living between places. The calculation of the PPP, according to the OECD, is made through a ''basket of goods'' that contains a "final product list [that] covers around 3,000 consumer goods and services, 30 occupations in government, 200 types of equipment goods a ...
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