Word: chile
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Dates: during 1940-1949
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When shrewd, peppery President Gabriel Gonzalez Videla made up his mind last month that Chile must devalue the peso, he knew he would have to blitz his country into going along with him. He promptly set out on a fire-eating tour of the country, in which he made faces at all his political enemies-and scarcely mentioned the peso...
...slap down the plotters whoever they might be. Leaders of the three parties answered his call for a conference. Affable and confident, his dignity regained, Gonzalez now talked not of plots but of the peso. He wanted everybody's help, he explained, on a plan to save Chile's world markets by revaluing the peso and at the same time keep living costs down by clapping on new taxes and controls...
Riding Out the Rise. At week's end Gonzalez made devaluation law by decree. Instead of the eight old dollar-peso exchange rates, Chile got just one, pegged, after talks with the International Monetary Fund, at about 65 to the dollar. At the same time, food and drug products and bus fares got state subsidies, while income taxes were hiked and new taxes levied on horse-race betting, cigarettes, soft drinks and automobiles. And for the first time, tax-dodgers were made liable to imprisonment...
...continent there were areas half as large as Spain without a priest, some 40,000 parishes without pastors. His decision was to go back as a priest to the crowds and microphones he had given up. Since then he has carried his recruiting and fund-raising campaign into Venezuela, Chile, Colombia and Argentina...
...fourth night, Carabineros Captain Oscar Cristi of Chile finally broke Mexico's winning streak. He finished the twisting, eleven-jump course in 37 seconds. 2.9 seconds less than Colonel Mariles' time, and copped the West Point Challenge Trophy. Two nights later, Captain Michael Tubridy, of the Irish team, picked up another first place. The Mexicans were undisturbed; they were so far ahead of the other teams that they had already taken time out for a graceful gesture...