Word: bradenism
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...secondary schools. He wants to deflate the government's ballooning bureaucracy and amend the constitution to protect workers' rights to join unions. His most controversial proposal is the "Chileanization" of the country's copper industry; the government would acquire 51% interest in the U.S.'s Braden Copper Co. and a 25% interest in two new U.S. ventures in return for an $80 million payment and a promise of stable taxes. Frei claims that the scheme would double Chilean copper exports to $1.2 billion...
Appeal to the People. The major piece of legislation remaining before Congress is Frei's landmark "Chileani-zation of copper" agreement. Needing only a congressional O.K. before it goes into effect, the deal will give the government a 51% interest in the U.S.'s Braden Copper Co. and a 25% interest in two new U.S. mining ventures, the most promising of which will extend operations at Chuquicamata, already the world's largest open-pit copper mine (TIME, Jan. 1). Nationalists and leftists in Congress are not likely to act on that presidential idea either. They accuse Frei...
...letter of Spruille Braden Jr. [Dec. 25] gives an impression about the International Executive Service Corps that should be corrected. It is the purpose of IESC to assist those businesses in developing countries that are unable to employ qualified advisers. IESC will not, therefore, confront management consultants with "cut-rate competition." Rather, it seeks in a modest way to raise the level of performance of individual businesses and so create conditions more favorable to all types of business activity...
...SPRUILLE BRADEN...
Starting Over. Ever since, Mann has been close to Latin American affairs. In 1947, he let Spruille Braden, then Harry Truman's Assistant Secretary of State for American Republic Affairs, talk him into joining the U.S. foreign service at a 40% pay cut-from the $11,000 he got in his special State Department civilian rank to $7,000 as a regular foreign service officer. "I started all over again as a second secretary at the embassy in Caracas," recalls Mann. He turned in a fine job, was recalled to Washington and in 1950 was made a deputy assistant...