Word: argentina
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Only one force in Argentina rivals the power of the military: the 2,500,000-member General Labor Confederation. Through its strikes, demonstrations and exorbitant pay demands, the confederation has triggered the overthrow of three of the country's last six Presidents. Last week, for a change, Argentina's polo-playing Strongman Juan Carlos Onganía suddenly made things hot for the confederation. In rapid succession, he temporarily dissolved the country's six largest labor unions, representing more than 625,000 workers, froze the bank accounts of 100 union leaders, and enacted a new law empowering...
Brought to Heel. In the end, that included the unions. The government ordered stiff new work rules for Argentine port workers, whose strikes and "holidays" idled the docks for more than 150 days last year. A few weeks ago, the government began a similar cleanup of Argentina's government-owned railroads, which are losing $1,000,000 a day. When labor leaders decided that enough was enough and called for strikes and protest demonstrations, Onganía's government barred street rallies by the unions, broke off all dialogue with the confederation and ordered state-owned broadcasting stations...
Sophomore Peter Rosenfield-Munch. Who learned to swordfight in his native Argentina, led Lowell House's two-man fencing team to the house championship in the three day competition that concluded last night...
Olivetti's 52,892 employees make and sell typewriters, special-purpose adding and calculating machines, teleprinters, accounting machines, small electronic computers and steel office furniture. The company has seven factories in Italy, others in the U.S. (through the subsidiary Olivetti-Underwood Corp.), Scotland, Spain, Canada, Mexico, Argentina, Brazil, Colombia and South Africa. Three years ago, Olivetti was in real trouble. It had to pump millions into Olivetti-Underwood. It was also afflicted by Olivetti family feuding, swelling costs, and a painful Italian recession. New life came in 1964 when a syndicate headed by Fiat's Giovanni Agnelli...
...streamlined Olivetti's operations, cut losses, started making money again. Increasingly adaptable, Olivetti is negotiating construction of a calculator factory in Russia, plans new plants in Argentina, Brazil and Harrisburg...