Word: argentina
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...judge by the headlines, Latin America's two largest nations lurch from one political crisis to another; and to judge by their falling currency, both Brazil and Argentina are in an economic mess. The headlines are true and the financial crisis is real, but people long inured to trouble develop their own saving methods of endurance, apathy or escapism. Citizens of Buenos Aires and Rio de Janeiro went about their affairs with a benumbed kind of ordinariness last week. Argentines flocked to the horse races at Palermo Hippodrome; Brazilians poured into Maracana Stadium for a futebol match. While they...
...Argentina. The country's military rulers, having unconstitutionally taken power, were now fighting among themselves. Rival cliques sent their tanks through the streets of Buenos Aires to make menacing gestures at one another; three new War Ministers were appointed in the space of four days, until finally a "neutral" general was found who for the moment satisfied both sides. Argentina's dogged Economics Minister Alvaro Alsogaray, who recently returned from the U.S. with $500 million in loans, warned that the nation could not continue much longer in a state of "anarchy." Alsogaray has not been able...
...parliamentary system to a strong presidency. "No more problems in Brasilia," crowed Goulart. There were plenty elsewhere. Food-hoarding speculators pushed the cost of living higher still, and the cruzeiro was down to almost 600 to the dollar. Off to Washington, on the same route as that taken by Argentina's Alsogaray, flew Brazil's Finance Minister, Walther Moreira Salles, to seek still another stretch-out in his country's $3 billion foreign debt...
...daily moved into a lavish colonial estate called Huntlands, only three miles from President Kennedy's winter weekend spot, Glen Ora.* Shielded from prying eyes by a high, cream-colored brick wall, diplomats from The Netherlands and Indonesia met with U.S. Mediator Ellsworth Bunker, former U.S. Ambassador to Argentina, Italy and India, to try to negotiate their dispute over the control of Netherlands New Guinea. Last week, after 4½ weary months, the negotiators shook hands on a deal...
...Alliance for Progress, and it was he who recommended when the Peruvian junta took over that Kennedy suspend diplomatic relations and withhold aid. Washington promptly did so, partly out of fear that military brass in other Latin American countries might be tempted to follow the example of Argentina and Peru. Last week, as Peru's generals seemed in peaceful command of their country, President Kennedy called home Ambassador Loeb for "consultations," and the President was on the verge of easing...