Word: bolivares
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Dates: during 1950-1959
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...last week sent an amiable invitation to a golfer named Dwight ("Ike") Eisenhower -and to the chiefs of government of the 19 other American republics. Come to Panama, said Dickie, on June 25 and 26. Occasion: the anniversary of the Congress of Panama, called in 1826 by Liberator Simon Bolivar. *Motive: nothing more than a get-acquainted meeting of the Presidents' club, with whatever dividends of good will and better understanding that might flow out of such newly made friendships...
Though he gives the credit to Bolivar, Dickie Arias himself apparently thought up the idea for the gathering, as an extra flourish to a commemorative meeting of the Council of the Organization of American States starting in Panama June 22. It was a proposal that might have aroused nervous objections; leaving 20 capitals without Presidents all at once was an idea without precedent. But the invitation got a warm reception three days after it had gone out; seven Presidents accepted. Among those who approved the idea in principle-subject to demands that may be made on him by the adjournment...
Common Style. Most modern Latin American architecture, whether along Mexico City's Paseo de la Reforma, Caracas' Avenida Bolivar or São Paulo's Avenida Anhangabaú, has a distinctive look. Almost all Latin American architects use combinations of louvers, grills, projecting concrete slabs and movable screens to control the dazzling sunshine; they share a lavish liking for color, usually dramatically set off against sparkling white. There is a dearth of structural steel and timber, so the designers have almost universally turned to reinforced concrete. It is a building medium that can easily become clumsy and heavy, but the Latin Americans...
...will be competing with the U.S. product for South American markets within the next few years. Venezuela has signed a $128 million contract with Italy's Fiat Motor Car Co. to build the country's first big steel plant on the Orinoco River near the big Cerro Bolivar iron ore deposits. To be completed in late 1957, new plant will have an eventual capacity of 421,000 tons of steel annually...
Solidarity among strongmen seemed to be the meeting's theme, but it was tinged with subtle rivalry. The gift that Pérez Jiménez brought was a replica of Simón Bolivar's sword, studded with 860 sapphires-a lavish memento, but also a neat reminder that Peru historically owes its independence to Venezuela's Bolivar. And in any economic comparison, oil-rich Venezuela could lay claim to the more spectacular boom (TIME, Feb. 28). But Peru could also make an impressive boast...