Word: bela
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Dates: during 1960-1969
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...Restrepo, who, with Frei, was joined by Venezuela's President Raúl Leoni, Ecuador's former President Galo Plaza Lasso, who substituted for Ecuador's Interim President Clemente Yerovi Indaburu, and Peru's former Premier Fernando Schwalb, who was filling in for President Fernando Belaúnde Terry. Among the balls, banquets and other ceremonial gatherings, the five met to discuss mutual economic and industrial development and the problems of the ailing Latin American Free Trade Association (LAFTA). A LAFTA ministerial meeting is scheduled for Montevideo next December, and the five nations gathered in Bogot...
Opening the Andes. Such windfalls would not have been enough if President Fernando Belaúnde Terry, 53, had not known what to do with them. What he did, working with an alltime-high G.N.P., which is now running at a $45 billion rate, was to spread the profits. Among other things, he went in for road building, so far has committed $665 million to projects ranging from highways around Lima to a 3,500-mile stretch that will presumably open up the Andes' sparsely settled eastern slopes to farming and light industry. So far this year Peru...
...Belaúnde has also resisted political pressures to nationalize the U.S.-owned International Petroleum Co. (TIME, Nov. 8, 1963), has created a climate that makes investment thrive. Along the new highways around Lima, small but modern plants are producing everything from TV sets to tobacco products. Cashing in on consumer prosperity, Sears, Roebuck will soon open its third store in Lima, and has plans for two more next year. Until March 1965, Peru imported all its autos; it now has five assembly plants, will get eight more from French, German, Swedish and Japanese automakers next year. Says General Motors...
According to Javits, Peru's President Belaúnde, Chile's Frei and Argentina's Illia were receptive to his common-market concept, even if he met more hesitancy than hurrahs from many business leaders. Javits has succeeded before in pressing through unlikely schemes for Latin America. It was he who conceived ADELA (the Atlantic Community Development Group for Latin America), an altruistic investment organization whose backers include many of the most prestigious names in European, Japanese and U.S. business. So far, in less than two years of operation, ADELA has committed $22 million to 27 privately...
Married. Brian Donlevy, 63, now playing the mad scientist in Hollywood's The Curse of the Fly; and Lillian Arch Lugosi, 54, ex-wife of the late Bela (Dracula) Lugosi; he for the third time, she for the second; in Indio, Calif...