Word: centro
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Dates: during 1950-1959
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...Financial mismanagement in the government. Semi-independent government corporations, e.g., the Centro Bolivar, the Workers' Bank, are paying many debts in short-term government notes. The contractors and sellers who get the notes must give discounts up to 18% to convert them into cash, so they naturally fatten their prices to cover the expected sacrifice. The absurdity of such costly short-term debt financing (total: some $127 million) in rich, credit-worthy Venezuela seems explainable only in terms of the carefree feeling that "it's only money." Pérez Jiménez, not at all amused...
Small Talk. In El Centro, Calif., charged with assault with a deadly weapon for hitting Joe Gilbert over the head with a beer mug "because he was mumbling in his beer," Virgil Slimp, 26, had the charge reduced to simple assault when he was able to prove that Gilbert made a habit of mumbling in his beer...
...auto racing, an ever-growing sport that drew an estimated 23 million spectators last year to all types of competition. Four years ago, one of the first micros, a Yuma, Ariz, job, caught the eye of old Racer Swarthout, who runs his own auto-repair shop at El Centro, Calif. Swarthout promptly built the first one in the Imperial Valley. Since then, micro-midget racing has spread as far east as Pennsylvania. Reason for the popularity of the micros: they can be built for as little...
...deadpan caption: "The wound suffered by Monsignor Manuel Arteaga on the forehead on the night of the 12th of August in his palace on the Avenida del Puerto. Twenty stitches were necessary to close it, the task being accomplished by Dr. Anido in the operating room of the Centro Médico Quirürgico...
...flag-draped little oil town of El Centro one night last week, a band imported from Bogotá played The Horrible Night Has Ended,* Colombia's national anthem. Then, the Colombian Minister of Development and the president of International Petroleum Co., Ltd. (a Standard Oil Co. of New Jersey affiliate) signed the papers spread out in front of them. After that came handshakes, applause, toasts, speeches. With good feeling all around, International had handed its 2,000-square-mile De Mares oil concession back to Colombia...