Word: castros
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Dates: during 1960-1969
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...serious intention of talking about economics, that pesky problem of Cuba kept popping up. Arriving in San Jose the day before Kennedy. El Salva dor's President Julio Rivera spoke to his greeters with a grim quip: "Let us first have a minute of silence for me. Castro said I would be dead by now." In his first statement to the Presidents, Kennedy eloquently reiterated the anti-Castro theme: "At the very time that newly independent nations rise in the Caribbean, the people of Cuba have been forcibly compelled to submit to a new imperialism, more ruthless, more powerful...
...specifics about such policies were left unexplained. But Kennedy did seem to satisfy the Central American Presidents, some of whom have been for far stronger action against Castro than the U.S. has ever suggested. Said Guatemala's President Miguel Ydigoras Fuentes. 67, after talking to Kennedy: "This young man seems to know what he wants and where he is going...
When the call went out for aid in ransoming Bay of Pigs prisoners from Castro's Cuba last December, more than 60 U.S. drug and medical equipment companies contributed some $50 million worth of products. On the corporate balance sheets, the donations have turned out quite well...
Asked by newsmen, three other big Castro contributors said that they too stood to make money. Johnson & Johnson of New Brunswick, N.J., which gave $1,011,000, and Hoffmann-La Roche, Inc. of Nutley, N.J., a $1,132,000 donor, also plan to give their tax profits to charities. The Warner-Lambert Pharmaceutical Co. of Morris Plains, N.J., which contributed $1,500,000, intends to plow its tax profits back into basic research...
...treating their Castro contributions as charity, the companies base their deductions not on the actual production costs of the goods but on wholesale prices, which include a markup of 100% or more on many items. These, when applied in deductions against the 52% corporate income tax rate, create a situation best explained by one drug company executive: "We couldn't help doing better than break even...