Word: caldera
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...billion in losses, equivalent to 16% of last year's GDP. Charges of financial irresponsibility, corruption and outright theft are flying. Arrest warrants have been issued for more than 100 people in connection with the collapses, and dozens of financiers are believed to have fled the country. President Rafael Caldera has charged that the banking system has been systematically looted by ``a den of thieves.'' The debacle makes a strong bid to be, in the words of Francisco Faraco, a respected financial analyst in Caracas, ``the world's biggest financial crisis of the 20th century...
...rejection of military coups. In a straw poll taken after the coup, the opposition paper El Nacional found that most citizens rejected the idea of a dictatorship -- but thought the country's democratic system has lost some of its fundamental values. "What worries me most," says former President Rafael Caldera, who is now a Senator, "is that I don't find the same fervor for the defense of democratic institutions among the people...
Some still endure. Most of the ancestor gods are gone now, but on the Big Island, the fire and volcano goddess Pele still lives. She is not worshiped, say modern-day Hawaiians, but she is acknowledged, and in the fiery and overflowing caldera of Kilauea she rules. The first hula, it is said, was chanted and danced in Pele's praise by her younger sister Hi'iaka. Recently Zuttermeister and some 25 other splendid hula performers, the spiritual descendants of Hi'iaka, brought their art to the American Dance Festival in Durham, N.C. It was not modern dance, which...
Economics loomed large in Lusinchi's campaign and in that of his Social Christian opponent, Rafael Caldera, 67, who served as President from...
...part, Caldera and his U.S. campaign adviser, David Garth, spent an estimated $150 million in a vain effort to make voters forget the past shortcomings of the Social Christians and concentrate on the future. The result: not only did Lusinchi win a projected 57% of the 7.7 million votes cast, vs. 34.5% for Caldera, but Actión Democrática also gained comfortable majorities in both houses of Venezuela's 249-member Congress...