Word: chileanization
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Dates: during 1970-1979
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...million figure was arrived at through a complex formula. The Allende administration estimated each company's average worldwide copper profits over the past 15 years as a percentage of its book value and came up with a figure of 10%. Any profits from the company's Chilean operation that exceeded 10% a year were considered "excessive." The companies figured differently...
...matter two hoots," says Yale's Robert Triffin. Either way, the end result would be the same: the dollar would buy fewer yen, marks, guilders and other strong currencies. Theoretically, it is true, U.S. devaluation would also make the dollar worth less in terms of Brazilian cruzeiros, Chilean escudos, Indonesian rupiahs and 100-odd other weak or minor currencies. Most of the weak-currency nations, however, probably would devalue simultaneously or soon after the dollar went down; those that did not would see the prices of U.S. products drop in their lands, which would help to spur American exports...
...close second in the normally conservative Christian Democratic area. This time, he had reason to hope that his coalition's candidate would win big. In a bid for local favor, Allende had transferred his official residence from Santiago to Valparaiso's city hall during the Chilean summer. When an earthquake hit the district last month, government aid arrived with unwonted haste -and so did Allende to inspect the damage...
...line that "this may be the last chance for the people to say to Dr. Allende that we want social changes, but with personal freedom and without Marxist sectarianism." Marín's margin-4,637 votes in a total of 278,263 -showed the power of the Chilean women's vote, which tends to be conservative. As one of Allende's coalition partners, Radical Party Leader Carlos Morales, rather infelicitously put it: "We have to discuss how we can penetrate more into the feminine sector...
...Jockeying. There is already considerable disagreement over the value of the copper properties in Chile. The three companies claim that they have invested more than $1 billion; the government-controlled Chilean State Copper Corp. has set the figure at $724 million; and Allende, probably with tongue in cheek, puts it at $80 million. Obviously, some jockeying for good bargaining positions is under...