Word: balmaceda
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...independence from Spain in 1818, the country has been periodically racked by economic strife and class warfare, with the military entering the fray on one side or the other. In 1891, civil war broke out when part of the armed forces sided with a progressive President, Jose Manuel Balmaceda (who committed suicide when he lost), and part with a Congress determined to block his reforms. Allende frequently drew parallels between Balmaceda's plight...
...bank, a regional version of the World Bank, will fight Asia's crushing poverty by financing such sinews as industry, power, roads and transport. Jetting around the globe, teams led by gaunt Cornelio Balmaceda, the Philippines' Commerce Minister, have raised $936 million in capital for the banking marriage of East and West. Asian governments, which will control the bank, supplied $641 million of that money, the U.S. another $200 million. Europe left the bank shy of its goal of $1 billion in capital by pledging a disappointing $70 million; France and the U.S.S.R. stayed out, and Britain offered...
Democracy has its biggest stake in all Asia in the new Republic of the Philippines, Cornelio Balmaceda, Secretary of Commerce and Industry for the Philippines, emphatically told close to 900 business men Saturday night...
Speaking near the close of the annual all day conference for businessmen sponsored by the Business School Association, Balmaceda said that his "'country has been called the show window of democracy in the East.' Its course, its fate, is being watched by the other countries in Asia, the Philippines having been set up as an independent republic by the greatest nation in the world...
...Balmaceda warned the businessmen, who this year considered the topic "Thinking Ahead for Business" in terms of world problems and world markets, that it "is evident that the communists are bent on pursuing their objective of dominating the entire Asian continent as a part of their long-range scheme of world conquest; Their present activities in Asia would lend force to the popular belief that Soviet Russia is trying to get all of Asia first into its orbit in order to avoid having to fight on two fronts...