Word: aramayo
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Dates: during 1960-1969
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...revolution threw out the "tin bar ons"-the Patino, Aramayo and Hochschild families-and nationalized the mines that provide 90% of Bolivia's exports. Under state management, however, payrolls became featherbeds and machinery wore out. The once-rich mines now lose an average $8,500,000 a year. Only lately has Comibol, the government mining company, reached an agreement with the U.S., the Inter-American Development Bank and West Germany for a $38 million modernization of the tin industry-provided Comibol reduced its padded 27,000-man payroll. Last August, when the first 1,015 workers were laid...