Word: arturo
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...sigh of relief. In three jammed galleries of Buenos Aires' red-and-gold Chamber of Deputies, spectators embraced, cheered, waved handkerchiefs, then spontaneously broke into Argentina's national anthem. The capital's vote was in, and a few hours later, countrywide returns made it official: Dr. Arturo Umberto Illía, 63, was Argentina's new President-elect, after polling 270 electoral votes-31 more than the majority he needed. Finally, it seemed, Argentina was a nation again...
...hair a stately white, his face deeply lined, Illia personifies almost everything that Argentina craves and lacks -maturity and stability. Ever since the military ousted President Arturo Frondizi in March 1962, the rich land of grain and beef has drifted from crisis to crisis and from military faction to military faction, amid needless inflation, trade deficits and an eroding peso. Just before last month's twice-delayed popular elections finally came up, there were strong fears that the military would annul the result to prevent followers of the exiled Dictator Juan Perón from returning to power through...
...Argentines talk heatedly about oil. At one time, in a burst of nationalist fervor, foreign firms were forbidden from prospecting-only to have the government monopoly (Y.P.F.) do so poorly that most of Argentina's unfavorable trade balance came from importing oil. President Arturo Frondizi allowed foreign oilmen back in 1958. They have saved the nation some $170 million a year in imports by more than doubling oil production to 96 million bbl. annually. But there is also a feeling among many local Latins that contracts with foreign oilmen are too generous...
Surprises All Around. That was stretching it some. Violence and confusion have been the country's unhappy lot ever since the military toppled Arturo Frondizi 16 months ago and installed Puppet President José Maria Guido in his place. As the once prosperous land of grain and meat fell into economic chaos (the cost of living soared 50% last year), the military promised constitutional elections and a return to democracy. But the soldiers could not agree on when to hold elections, or how much democracy to allow the 3,000,000 followers of exiled Dictator Juan...
...there were no incidents-and nothing like 40% blank ballots. Weary of living in political limbo and anxious to participate again in the democratic process, many regarded as Peronistas or followers of Frondizi cast their ballots for other candidates. Of some 10 million votes, only 17% were blank. Dr. Arturo Illía, whose middle-reading party calls itself the People's Radicals, wound up with 27% of the total, worth 169 electoral votes. Dr. Oscar Alende, leading an anti-Frondizi wing of the ex-President's party, mustered 17% (for 109 electoral votes). Retired Army General Pedro...