Word: bootstrapping
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...Puerto Ricans pay no federal income tax and no corporation tax on money earned in Puerto Rico, an economic favor that has made possible Muñoz Marín's spectacular Operation Bootstrap. For half a century after the U.S. won the island from Spain in the Spanish-American War, Puerto Rico was a forgotten territory, existing mostly on what it could grow. Today, more than 800 companies have subsidiaries in Puerto Rico, turning out everything from bric-a-brac to electronic instruments, providing more than 60,000 jobs. The island's 1961 per capita income...
Puerto Rico's Operation Bootstrap, under the able leadership of Governor Luis Muñoz Marin, has convinced most Puerto Ricans that they have more to gain than to lose by their loose association with the U.S. It is estimated that there are fewer than 400 nationalist agitators among the island's 2,350,000 population. Some have gone over to Fidel Castro's Cuba; Campos' wife Laura, and one of his aides, Juan Juarbe, serve as members of Castro's delegation to the U.N., where they picture Puerto Rico as "the slave state...
Twentieth Century (CBS, 6-6:30 p.m.). A synopsis of Puerto Rico's self-regeneration program, Operation Bootstrap...
...threat to its supremacy far graver than Yugoslavia's defection in 1948. The Soviet Union has the political muscle to keep most of the world's 81 Communist parties in line, and superior economic resources to offer poor nations willing to boost themselves by the nearest bootstrap. But the Chinese Communists are far from surrendering to the Kremlin's political and economic dominance, and their divisive influence is felt in Communist parties the world over. A rundown on the rivalry...
...Kennedy last week chose a man to run the U.S. end of the Alliance and help make it a going concern. His choice: José Teodoro Moscoso, 50, the Puerto Rican economic planner who was in large measure responsible for the success of the island commonwealth's Operation Bootstrap and now serves ably as U.S. Ambassador to Venezuela...