Word: bolivars
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Dates: during 1950-1959
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TIME has won the gratitude of the Cuban people for its impartial coverage of the Cu ban situation. Our people, led by the new Bolivar, Fidel Castro, have given a unique example to the whole world in their fight against one of the most cruel dictatorships...
Choose Fidel Castro-the SimÓn Bolivar of the 20th century...
...jumped aboard open riot trucks and headed for the city's downtown squares. Armed with rifles, bayonets, pistols, machetes and tear gas, they blocked off the narrow cobblestoned streets leading to the squares to keep rioters from gathering. A shiny red truck whipped along one side of Plaza Bolivar spraying demonstrators with high-pressure streams of water colored with red dye, then circled the plaza of El Silencio, center of earlier riots. When the truck left there was silence, except for the clink of soldiers' bayonets. Then the noise of gunfire rattled across the deserted city, first from...
...with new wells coming in at record rates, oilmen foresee that it may rise another 85% by 1966. Oil now accounts for about $2 billion in exports, or about 95% of the yearly total. Iron-ore production, mostly by the United States Steel Corp. mines at Cerro Bolivar, increased by a third in 1957 to about 15 million tons. Irrigation projects and rapid farm mechanization have boosted agriculture until Venezuela now produces 85% of its own food. New investments and a protectionist policy for inefficient industry have boosted production of everything from paint and cement to soap and tires...
Among the more practical projects are the country's first petrochemical plant at Morón ($75 million) and an industrial complex of a steel mill and a 300,000 kw. hydroelectric plant being hacked out of the desolate countryside near ore-rich Cerro Bolivar. Also built or building are railroads, schools and housing. But many projects are notably frivolous. Item: a $30-million cable-car sightseeing system, with oxygen-equipped cars, to the top of 15,380-ft. Mount Espejo...