Word: chileanization
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Dates: during 1970-1979
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...seem to be at home at all. A 21-gun salute boomed out as he walked down the ramp of his four-jet llyushin, but the speech that Castro had labored over on the long flight from Havana stayed in the pocket of his olive-green fatigues. Silenced by Chilean protocol, which allows only heads of state to deliver arrival addresses (as Cuba's Premier, Castro is technically only a head of government), Fidel met his host and old friend President Salvador Allende Gossens with a mumbled request: "Tell me what...
...cement workers in blue hardhats, electricians in yellow ones, copper miners whose helmet lights glowed eerily in the dusk. For nearly two hours they listened as their tieless. coatless President, Salvador Allende Gossens, reeled off numbers-of farms expropriated, factories nationalized, peasants resettled on their own new lands. "The Chilean road toward socialism," he boomed, "has been realized with the least social cost of any other revolution in the world...
...little ragged. Allende still stirs enthusiasm, to be sure. One Santiago newspaper last week applauded in red banner headlines: YOU'RE GOING GREAT, CHICHO, YOU'RE GOING GREAT. Those who are happiest about where "Chicho" (an affectionate nickname) is headed are the hundreds of thousands of Chilean peasants and wage earners who were left out of the modest prosperity that the copper-rich country enjoyed after World War II. But Chile's broad middle-its businessmen, managers and professional men-have begun to balk. Their worry is that Allende, under pressure from his own far-left backers...
...Real Man. In naming the world-renowned Chilean poet, Communist and ambassador to France, the academy picked another controversial figure. He is only the third Latin American to be given the coveted prize-following his high school teacher, Chile's Gabriela Mistral (1945), and Guatemala's Miguel Angel Asturias (1967). Some feel that his immense output-by his own estimate, some 7,000 pages of poetry-is occasionally marred by obscurantisn and Marxist propaganda. But Spanish Poet Federico Garcia Lorca, who was killed during the Spanish Civil War, praised Neruda as "a real man who knows that...
...Letter of the Law. Kennecott, which has $141 million in Chilean investments, relied on them for about 11% of its net income last year. Anaconda, with $458 million invested, received about two-thirds of its net profits from Chile. The companies may need a special ruling from the Internal Revenue Service to take tax write-offs on the losses, but they may be able to collect on as much as half their losses from the Overseas Private Investment Corp., a Government agency that insures investments abroad. If President Allende continues to pursue his intention of turning Chile's resources...