Word: alessandri
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...Brazil's Juscelino Kubitschek is daringly steering the fastest boom in Latin America, industrializing the country with printed money. Colombia's Alberto Lleras Camargo is bringing political peace in the wake of two dictatorships and moving toward a sound program of land reform. Chile's Jorge Alessandri is tackling one of the world's worst cases of inflation...
...great industrial spree, marred by a possibly ruinous inflation. In Argentina, President Arturo Frondizi, sacrificing popularity and his oldtime leftist principles, is taking Argentina along the harsh, bitter road of hard work and self-denial, back from the handout, statist economics of Dictator Peron. In Chile, bachelor President Alessandri is trying to get Chile back to financial solvency by raising production and cutting away government deadwood. The runaway welfare state of Uruguay, pushed by Benito Nardone, a new face on its nine-man government council, is keeping its famed democracy while winning its way back to a sound economy...
...while Peru's Prado drew cheers, his navy brass was quietly concluding a deal to buy two cruisers from Britain for $4,000,000. President Jorge Alessandri of neighboring Chile, who earlier had assailed the "ruinous competition" in weapons, observed that "it is not a logical attitude to propose a conference and then to buy new arms." And despite Frondizi's stand, Argentine officers were in Washington purchasing 28 F-86F Sabre jets...
With a year-long grant of dictatorial powers over the economy (TIME. March 23), Alessandri has also cut back 5% of the overstaffed civil service, paid $96 million long owed to private contractors by the government, and clamped down on tax evaders. The one place where his regime has fallen short is in the battle against inflation. In the new President's first six months, living costs jumped 22.2%. largest increase since 1955. Alessandri argues that the rise was premeditated; before launching his austerity program, he raised wages an average 32.5%, because "it was a social and political impossibility...
...President is politically secure, with 98 votes to 49 in the house, 29 to 16 in the Senate. And, for the moment, at least, Jorge Alessandri's countrymen are willing to go along with his program. Says a top industrialist: "This is our last chance. Whether we approve of his high-handed, aggressive and independent ways or not, we have got to help...