Word: accion
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...These organizations need to develop business savvy in order to be self-sustaining and efficient,” said Erika Eurkus, of the Boston-based non-profit group, Accion International...
...Before, it was very bad at Harvard,” said Mejia, who sported a shirt reading Unidad y Accion. “Now all the janitors are very happy, because we have a new contract...
Word reaches Cambridge that Richard E. Hyland '69-'70, a leader of the 1969 seizure of University Hall, has been arrested in Mexico City for alleged revolutionary activities. Mexican police charge that he is a member of the Movimiento de Accion Revolucionario, a group allegedly responsible for a series of bank robberies. Later allegations link him to the Comando Armando del Peuble, a Marxist urban guerilla group. Authorities do not level a specific charge. Under Mexican law, Hyland may be held in prison for as long as a year before charges are brought...
Other businessmen, many of them cronies of Perez's or supporters of his Accion Democratica party, followed suit by taking over banks or starting new ones. In some cases the new banks were merely divisions of larger industrial or financial groups, which meant that when the parent companies were strapped for money, they frequently turned to their in-house banks for loans. According to government and congressional investigators, hundreds of other loans went to relatives and friends of bank managers and directors, as well as to real-estate operators who had the appropriate political connections. Laissez-faire took...
With the military still leery of APRA, a more moderate politician, Fernando Belaunde Terry of the Accion Popular, came to power. Belaunde is the Herbert Hoover of Peruvian politics--the economy took one look at him and promptly plunged into chaotic inflation. When he messily nationalized an oil company and the exteme left started clearing its throat in the wings, the military threw him out of power and took over themselves...