Word: capitalists
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...site is postcard pretty: a turquoise ocean washes against a black sand beach rimmed by coconut trees. The perfect spot for a resort complex, complete with a 130-room hotel, bungalows, convention center and gambling casino. That planned capitalist paradise is on the Pacific coast of Marxist- led Nicaragua. The war-torn nation wants to build the resort to attract tourists from the U.S. and Canada and raise badly needed cash...
...future seems as bright as the present. Wells Fargo Bank last month predicted that Orange would grow faster than California as a whole for the next 15 years. The county anticipates that it will develop 306,000 new jobs by 2000. "There is," says Venture Capitalist Charles Martin, "a great feeling of destiny here...
...face of such realities, Mengistu, 45, is trying to fashion a policy that combines the rigors of socialism with capitalist flexibility. While he is moving Ethiopia toward a centralized, state-controlled economy, he welcomes private foreign investment. At present, most of the country's crops are privately grown and some industry is in private hands. Associates say that from the moment Mengistu became chief of state nine years ago, the Chairman, as he is known, has been a nationalist first and a Marxist second. Now Mengistu is reaching the zenith of his influence at home and abroad. "Ethiopia...
...accompanied his father on an expedition that reached Siberia. His last was in 1983, at the invitation of Soviet Leader Yuri Andropov. In between he negotiated his own private mineral concessions with Trotsky and spent more time with Stalin than any other American. Nikita Khrushchev liked the old capitalist so much that he jokingly offered...
...Italy, former Prime Minister Bettino Craxi, a Socialist, created a capitalist renaissance that appears likely to last. During the three-year rule of Craxi, whose government fell last month, the country's mood had changed. Says Arrigo Levi, one of the country's best-known journalists: "There is a new belief in market forces, in private enterprise, in the value of work itself, and that has been accompanied by a crumbling away of the idea that the state owes you a living...