Word: americans
(lookup in dictionary)
(lookup stats)
Dates: during 1950-1959
Sort By: most recent first
(reverse)
...Committee of 21"-delegates from the U.S. and its 20 neighbor republics of the hemisphere-met in Buenos Aires last week to talk once again of Latin American economic development. To the U.S., the Latin American spokesmen said in effect: The gulf between your standard of living and ours is so broad that it threatens liberty and democracy in our countries. The U.S. reply: We deplore the gap, and last year sent $736 million in aid to close it. But you must help by showing some of the initiative that enabled our 13 original colonies to build from poverty...
...tone of the Latin American speakers at last week's meeting verged on the desperate. Said Argentine President Arturo Frondizi: "The destiny of democracy is at stake." Cuba's Fidel Castro dramatically showed up and won cheers with a blatant demand for $30 billion over a ten-year period. "I realize this means a sacrifice for the U.S. taxpayer," he cried. "But they are so much richer than...
...lending power of the Export-Import Bank (which does 40% of its business in Latin America) was boosted from $5 billion to $7 billion. The U.S. agreed before last week's meeting to contribute a major share in the initial $1 billion capitalization of a new Inter-American Development Bank. But the U.S.'s Delegate Thomas Mann, Assistant Secretary of State for Economic Affairs, pointing to "the very heavy burden which the American taxpayer today bears in order to create a defensive shield for the U.S. and for the hemisphere," urged Latin Americans to woo private capital...
...Washington the Organization of American States met, listened to a Panamanian plea for help against "international pirates," sent an investigating team. While patrol boats and planes contributed by the U.S., Ecuador and Colombia scouted the Caribbean and the Panamanian coast for signs of a rumored reinforcement fleet, Invader Chief Cesar Vega met the Cuban officers and the OAS negotiators, and surrendered. Cuba was expected to ask Panama to give the invaders leniency, a quality unknown to the Castro firing squads at home...
Lleras also rebuilt his nation's international fiscal rating, driven into shabby disrepute by Spendthrift Rojas. He choked off unneeded imports so decisively that Colombia was one of five Latin American nations to show a 1958 favorable balance of trade in spite of tumbling prices of coffee, source of more than 80% of Colombia's export income. Lleras cut the $500 million commercial debt left by Rojas to $150 million. He also held down government spending and tightened credit. Cost of living, which jumped 23% in 1957, climbed only...