Word: arosemena
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Dates: during 1960-1969
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...classic Latin American scene. At 2 p.m. one day last week, eight tanks rumbled up to the presidential palace in Ecuador's Andean capital of Quito. Radio bulletins soon blared the news: Carlos Julio Arosemena, 44, the country's 46th President in 130 years, had gone the way of many of his predecessors-deposed by military coup. A crowd of demonstrators gathered at the palace to protest to the new rulers; and tanks opened fire. Three persons were killed, 17 wounded. In the palace, Arosemena refused to resign at first, then bowed to superior firepower and was bundled...
Calling the Tune. With a $5,000,000 Alianza credit, Arosemena's government is underwriting an industry-luring program that includes tax exemptions. During the last month, more than 20 small foreign companies got approval of their plans to invest in Ecuador. The government passed a more equitable income tax law, and hopes to eliminate a welter of other tax laws that permit Congress to allot 48% of total federal revenues to "autonomous agencies" such as the Red Cross, universities, private schools and sports clubs. The government is moving ahead with a program to push roads into lush...
Because of such incidents. Arosemena's Conservative Party opposition in Congress twice tried to vote him out of office. In his New Year's message. Arosemena himself referred to his personal problems: "Those who pretend to ignore that the human being is complex-shadow and light, angel and devil-are, in Biblical terms, money changers in the temple." And lately he seems to have, curbed his penchant for Scotch...
...fact is that Arosemena sober has done a surprisingly good job with Ecuador's backward economy. One-third of the country's 4.7 million people are Indians living under conditions little better than their Inca ancestors; the average per cap ita annual income for all Ecuadorians is just $167. From 1956 through 1961, the country's gross national product inched ahead at a painfully slow 1% a year. During the Arosemena administration, it jumped to 2.5%, still less than the annual population increase of 2.8%, but at least a move in the right direction. Banana ex ports...
...Ecuadorian saying is "You must play politics like a violin: pick it up with your left hand and play it with your right." Many believe that Arosemena is mastering himself as well as the political fiddle, and the odds are improving that he may even make it through to the 1964 elections. Once curbed by Arosemena, the far left turned out to be a remarkably shallow and ineffectual clique; the army, said Conservative Party Leader Francisco Salazar, "has no strong leader, and it doesn't want to get mixed up in politics." And even those most disillusioned with Arosemena...