Word: chileanization
(lookup in dictionary)
(lookup stats)
Dates: during 1970-1979
Sort By: most recent first
(reverse)
...eagle is the U.S. The verse is part of a protest song that is popular in the cafés and boîtes of Santiago. In the dim light of those peñas folklóricas, as they are known, Chilean students representing every shade of the leftist spectrum?from Christian Democrat to anarchic urban terrorist?gather to sing their praise of Fidel Castro's Cuba and their passionate hatred of the local oligarchy...
...first glance, the fierceness of Chilean leftist feeling against the U.S. seems strange indeed. Chile, after all, is more prosperous and more egalitarian than most of its neighbors. It is also the staunchest democracy in South America, undisturbed by coups d'état since 1932 and led for the past six years by the strenuously reformist government of President Eduardo Frei. Few countries in Latin America have appeared to be so devoted to the democratic process as this nation of 9,000,000. Even its geography helped by isolating it from its neighbors. Stretching more than 2,600 miles down...
...fast will Allende move? Most observers think that he will lose no time nationalizing the banks and the American copper interests. A prime target is the $200 million investment of the Anaconda Co. In the beginning, the firm resisted Frei's "Chileanization" program (51% government ownership) and has been slower than other copper companies to train Chileans for top jobs. Not far behind will be the Kennecott Copper Corp., with an $80 million interest in El Teniente, the world's largest underground copper mine; Cerro Corp., with $15 million in copper investments; and ITT, with $200 million or more...
Some foreigners argue that the Chileans will never be able to run the mines on their own, but copper men disagree. Says a U.S. executive: "We've spent 15 years and millions of dollars training them to run the copper mines. They can do it.'' The number of American personnel is small, in any case. Kennecott, for example, has only seven Americans in its management. The mining supervisor of the giant El Teniente is a 36-year-old Chilean named Pedro Campino. The Chileans are afraid, however, of losing their native managers and technicians to other countries, and hence Allende...
...leading newspaper, the conservative El Mercurio. Now it seems that he will not even have to bother. He can achieve the same result by withholding government advertising from Mercurio and other offending publications; as the nationalization program gathers momentum, such punishment will become ever more deadly. Says a Chilean associated with the paper: "El Mercurio is like a candle in a bottle. It will give light for a while, and then will be smothered, leaving only a little black smoke. How long it lasts depends on how big a bottle the Communists permit...