Word: chileanization
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Dates: during 1970-1979
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...stylistic nuances of Rousseau, Racine and De Gaulle in the 1,200 language centers it maintains around the world. It is supported partly by the government, partly by ordinary citizens who respond to leaflets pointing out that "for 10 francs-the price of a cinema ticket-ten Chilean children can be given an hour's French lesson." Some of the Alliance's more illustrious alumni are Teddy Kennedy, Pope Paul VI and Japanese Prime Minister Eisaku Sato...
...Unity coalition claimed 50.8%. Actually, if void, blank and independent ballots had been included in the total count, the coalition's share of the vote would have amounted to 49.7%. Still, the figure was an impressive increase over the 36.3% Allende received in the 1970 presidential elections. The Chilean Communist Party, which is closely aligned with the Soviet Union, increased its vote only slightly-from 15.9% of the total last year to 17.3% this time. The big winner was Allende's Socialist Party, which stresses its independent Chilean character. The Socialists nearly doubled their share to 22.8%, replacing...
...copper nationalization will have the most serious effect on the Chilean economy and on Allende's relations with the U.S., since three U.S. companies (Anaconda, Kennecott and Cerro Corp.) own the bulk of the remaining foreign interest in Chile's copper mines. Allende has also expropriated 350 latifundios (large estates), with a total of 2,593,000 acres. Although very few landless families have been relocated thus far, he likes to boast that "in five months we have done one-third of what the previous government did in six years...
...cost of Allende's revolution has proved higher than many of his countrymen yet realize. So far, direct controls have checked Chile's chronic inflation, which last year galloped away at the rate of 34.9%. The controls have crippled Chilean businessmen by forcing them to hold down prices while having to pay higher taxes and higher wages to employees. Allende has granted cost-of-living increases ranging from 34.9% for public employees to 47% for private workers. The government's policies have also laid the foundation for renewed inflation by increasing the money supply 55.2% during...
...result of the deteriorating economic situation, the Chilean escudo has slipped to an exchange rate of more than 40 to the dollar on the black market (v. 14.5 at the official rate). Since December, Chile's foreign reserves have dropped from $332 million to $255 million. As foreign technicians have left the country, discipline at the mines has fallen steadily. At the giant El Teniente copper mine, absenteeism has increased from 7% last year to more than 25% in February, while copper production at some mines is running 20% behind last year...