Word: bank
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Dates: during 1950-1959
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Hunting for some other way out, the surplus-surfeited corn belt shifted its sentiment toward tighter controls. The Illinois Farm Bureau, biggest in the nation, voted for an unprecedented plan of compulsory acreage retirement, a sort of unsubsidized soil bank, plus a subsidy-in-kind scheme that would hand out Government-owned surplus grain to farmers who grow even less than their allowances. Iowa farmers leaned in the same general direction, set the stage for a rough-and-tumble battle at the American Farm Bureau convention in Chicago next week. Though none of the farm organizations brought forth really promising...
...burly Sergei Vinogradov was quick to learn after he first arrived in Paris back in 1953, life can be lonely for the Soviet ambassador to a Western capital-even when that capital has a solid Communist minority, ranging from tough factory hands to the mandarins of the Left Bank. In 1953, Vinogradov got a deliberately perfunctory greeting from Foreign Minister Georges Bidault, and some newsmen even ungenerously commented on the new ambassador's baggy appearance. But soon Paris began to take a second look...
...president of the powerful National Bank of Cuba went Felipe Pazos, 47, ranking Cuban banker, sound-money man, and onetime International Monetary Fund official in Washington. To replace him in Cuba's central bank, Castro named Major Ernesto ("Che")* Guevara, 31, the Red physician, who thereby got vast power over Cuba though he is Argentine born and bred...
Economic Commissar. With the shakeup, the form of the Castro government, months in the shaping, came clear. Fidel Castro, who helicopters about the country dispensing largesse from the blue National Bank checkbook he always carries in his breast pocket, is political chief. His pony-tailed brother Raul is military boss, commanding the 35,000-man rebel army that is the regime's principal arm of force and terror, notably for rounding up all suspected oppositionists on a charge of "counterrevolution" (last week's bag: 250 prisoners...
Empire Builder. In addition to banking, Guevara has grabbed off half the burgeoning National Institute for Agrarian Reform (INRA), which is rapidly matching the rebel army in size and importance. Its headquarters is the most tightly guarded building in Havana. As boss of INRA's industrialization division, Guevara has a free hand for revamping Cuba; last week he seized the $14 million Havana Riviera Hotel. His appointment as National Bank chief touched off a run on savings banks-which Guevara thought "logical," considering his "fame of being extremely radical...