Word: chileanization
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Dates: during 1970-1979
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...prospect about as promising as the Christians' venturing into the Colosseum, but pulled off a startling 30-26 upset. That same weekend mighty Oklahoma, the nation's No. 2-ranked team behind the high-scoring Trojans of Southern Cal, was put out of contention by a barefooted Chilean placekicker named Fred Lima, who booted two field goals for Colorado in the final period to down the Sooners 20-14. It's been that kind of season so far, for college football in particular and sports in general-a fitful fall full of upsets, letdowns and enduring surprises...
...negotiate about compensation if the expropriating country is of a mind to pay; if not, executives of most companies have simply written off the value of their seized assets. Kennecott Copper Corp., however, has come up with a third strategy to recover the losses it sustained when the Chilean government of Marxist President Salvador Allende Gossens last year seized its El Teniente mine, near Santiago. In a move of significance to all multinationals operating in mineral-rich but money-poor countries, the company is trying to throw up what amounts to an international legal blockade of Chile's copper...
Chile already has protested, claiming that the French courts lack jurisdiction. Kennecott argues that its property was in effect confiscated and that it has a right to recover its losses, which it figures at about $180 million. The company obviously hopes either to collect enough from foreign buyers of Chilean copper to make up that sum, or to force Chile into negotiating compensation for Kennecott's 49% interest in El Teniente, the world's largest underground copper mine. Win or lose, Kennecott has gained a tactical edge: Chile will have to justify its expropriation before relatively impartial French...
...strikes could not have come at a worse time for Allende or the Chilean economy. Inflation for the first nine months of this year is a staggering 99.8% . The price of sirloin steak, on the rare occasions it has been available, has increased 200% ; stew beef is up 116%, powdered milk 166%. Wheat and bread are in short supply. Butter has disappeared. But real hunger threatened only momentarily when food stores closed in a strike two weeks ago, until the army ordered them to reopen...
...pretty blonde was the guest of Queen Elizabeth II. But clearly Prince Charles, 23, had suggested that his mother invite Lucía Santa Cruz, 27, daughter of former Chilean Ambassador Victor Santa Cruz, for a weekend visit to the royal home in Aberdeenshire. After the holiday, Lucia accompanied the Prince overnight on the train from Aberdeen to London's King's Cross Station. To reporters' questions, Lucía declared: "There is no romantic attachment between us." Then, with the deference due Royalty, she walked a proper few yards behind the Prince to a waiting royal...