Word: bolivars
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Dates: during 1950-1959
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Last week Agustín finally turned the stone over to a government geologist in Ciudad Bolivar. The expert weighed and measured, tested and probed. At length he announced that the Evangelist was 698 carats-of almost pure iron...
...Mississippi, scourged by flood and frost as well as record cotton surpluses, Bolivar County Farm Agent T. Y. Williford reported: "We are probably in as bad shape as when we plowed up cotton in 1933, or even worse...
...wide spectrum of salesmen, admen and promoters to some all-purpose operators that the others call "export bums." U.S. and other foreign companies have contributed heavily to Caracas' great private building boom, but the government splurge of public works is more than twice as big. The Centre Simon Bolivar, a complex of twin 30-story office buildings, underground parking areas, landscaping and traffic routes, is nearing completion on a site where 400 buildings once stood in the heart of old Caracas. It was inspired by Rockefeller Center-but so far has cost at least three times as much...
...Andean Custom. Venezuelan independence dates back to 1821, when one of hemisphere history's towering figures, Simón Bolivar, finally drove the Spanish rulers out of his homeland and went on to free the neighboring nations. Bolivar had no illusions that he had brought U.S.-style democracy to the liberated lands; he died predicting that in the Americas, "Ecuador will be the convent, Colombia the university, Venezuela the barracks." He knew his countrymen well; soldiers have ruled Venezuela through most of its history. Many of them were from the high western Andes, where to celebrate their own character...
...Financial mismanagement in the government. Semi-independent government corporations, e.g., the Centro Bolivar, the Workers' Bank, are paying many debts in short-term government notes. The contractors and sellers who get the notes must give discounts up to 18% to convert them into cash, so they naturally fatten their prices to cover the expected sacrifice. The absurdity of such costly short-term debt financing (total: some $127 million) in rich, credit-worthy Venezuela seems explainable only in terms of the carefree feeling that "it's only money." Pérez Jiménez, not at all amused...