Word: betancourts
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Dates: during 1960-1969
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Only a fraction of Venezuela's 7,000,000 people are Communists or Castroites. They stand little chance of toppling President Rómulo Betancourt by direct frontal attack. But they are persistent at sabotage and artful in harassment, hoping to prove that Betancourt cannot maintain order. So far, the tough old ex-revolutionary - who wants to be come his country's first freely elected President to survive his term - has been powerless to end the terrorism...
...night before Venezuela's President Rómulo Betancourt was to dedicate a new archbishop's palace in Ciudad Bolívar, 275 miles southeast of Caracas, two men were caught planting a time bomb behind a wall near the speakers' platform. Who were they? Members of the Communist Party, and allies of Cuba's Fidel Castro. His patience stretched to the breaking point, Betancourt at first ordered the arrest of every one of the country's estimated 40,000 Communists, Castroites and far-leftists, but later amended the order to cover only "activists...
Died. Manuel Cardinal Arteaga y Betancourt. 83, Roman Catholic Archbishop of Havana, a slight, stooped man who opposed both Dictator Fulgencio Batista and Castro; in Havana...
Certainly, there is more stability. Only in Argentina did a constitutional government fall last year by military coup-and the army there now promises to hold elections this June. Peru's rejuggled junta is also steadfast in its election promises. Venezuela's Romulo Betancourt seems destined to become that nation's first freely elected President to serve a full term. And the Dominican Republic has held its first free election in 38 years...
...product in Latin America rose by roughly 5% in 1962, and some $200 million in private U.S. capital is flowing into the area annually. Last year this was offset by the fact that investors staged a massive withdrawal from Venezuela. But now, reflecting faith in the stability of the Betancourt government, they are starting to put money back in. Most investors seemed reconciled to the fact that the days of the fast, fat return are over and .that long-range, better-protected returns are likely. This should help eliminate the frequent monetary crises of Latin American nations...