Word: argentinas
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Dates: during 1970-1979
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There have been more than 500 political assassinations in the past twelve months alone, and inflation is currently running at an annual rate of 80% in Argentina, a country that is approaching the edge of chaos. Isabel Perón, who succeeded her husband as President after his death last July, has been unable to reverse two disastrous trends: the terrorist campaign of kidnaping and murder being waged by rival extremist groups of both the left and the right, and the steady collapse of what was once Latin America 's most prosperous economy. Last week TIME Buenos Aires Correspondent...
Recklessness with money is a constant that runs through the 30-year history of Peronism. During his first years as President, Juan Perón depleted Argentina's once rich treasury to gain support among the legions of descamisados (the shirtless ones), who soon came to expect generous social-welfare spending by the government. Now that tradition of bounty has come to a screeching halt and with it, in the opinion of many observers, the sway of the old-line Peronists who served with el Líder in the years of glory. Taking their place are officials loyal...
...forewarn of that danger, the Buenos Aires daily La Opinión last week published a front-page editorial entitled "For Whom the Bell Tolls." In an appeal for return to political decency by all groups, the paper intoned: "In the Argentina of today, the death of anyone diminishes the rest; the bells do not toll [just] for those killed [by political extremists], they toll for the rest of their compatriots...
...banished from the councils of its hemispheric neighbors in the Organization of American States, and the victim of a formal diplomatic and economic embargo imposed by the U.S. and the rest of Latin America. Or so it has been in theory. In practice, ten countries, including Venezuela, Colombia and Argentina, have resumed diplomatic relations with the Western Hemisphere's only Communist government. Despite the embargo, trade between Cuba and OAS nations is growing rapidly, and a number of foreign subsidiaries of American firms participated in a Mexican-sponsored trade fair in Havana in March. As one Mexican foreign officer...
Rounding out the field will be a group of possible starters named Round Stake (an Allen Jerkens contribution). Gatch (one of those Argentina horses who never should win but do occasionally), Promised City. Fashion Sale and Bold Chapeau...