Word: argentina
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...dapper, moonfaced real-estate wheeler-dealer who was charged with fraud and faced with bankruptcy. Before the crowd, seated at a stand draped in dark red felt, was a stern-faced federal judge. After months of delays and postponements, the time of decision had finally come in one of Argentina's most notorious financial scandals...
Flamboyant Stock Hawking. In Argentina's inflation-plagued economy, businessmen know bankruptcy almost as well as success. The commerce courts are clogged with tangled litigation; 1,780 bankruptcies were declared in 1962. But no other financial empire has fallen with as resounding a crash as Natin's. Only four years ago, Natin was the owner of a small company with the long name of Organization for Trade, Administration, Property and Real Estate Representation-or simply ONAPRI...
...disenchantment was swift. During Argentina's 1962 recession, stockbrokers hauled Natin into court to collect their commissions, and investors stormed the courts in panic. Natin was bounced in and out of jail three times on various charges of fraud, bad checks and "economic delinquency...
More specific was the first real evidence of Castro guerrillas in Argentina. Last March Argentine national police captured six Castroites in a mountainous area of Salta province, near the Bolivian border. Over the next three months, the police captured 27 more and identified several marauding bands. The captured men, some of whom had Castro-style beards, wore olive-drab uniforms, black-and-red armbands, and called themselves the "People's Guerrilla Army." As in Venezuela's F.A.L.N. terrorist group, the men were between 25 and 35; at least one had been trained in Cuba, another was nicknamed...
...nations through a world central bank and a single world currency. France's Robert Marjolin, first vice president of the Common Market, is also pressing for the "Marjolin Plan" that would unite nearly all the Six's fiscal and monetary policies in a super federal-reserve system. Argentina's Raúl Prebisch, who initiated and negotiated the Latin American Free Trade Association, was also the prime mover of the recent U.N. Conference on Trade and Development, is favored to become head of the ambitious global trade organization that grew out of that meeting. True, neither LAFTA...