Word: chileanizing
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Dates: during 1960-1969
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...move came as a surprise because it caught Chile in the full heat of a tense presidential election campaign. By law, the conservative Alessandri cannot succeed himself. When 2,500,000 Chilean voters go to the polls on Sept. 4, they will choose between two main candidates, both left-of-center: Salvador Allende, 56, rasping, demagogic leader of the far-left Popular Action Front (FRAP), and Eduardo Frei, 53, the forceful, hawk-nosed head of the Christian Democratic Party. In the 1958 elections, Allende came within a hairbreadth 29,000 votes of becoming the Hemisphere's first avowed Marxist...
Diamonds in Chocolate Bars. By ground, sea and air-they come. The Chilean navy recently fought a noisy battle with the crew of a freighter loaded with a contraband cargo of cigarettes, whisky and, of course, soap. In Venezuela police found themselves confiscating the same launch three times-the smugglers simply kept buying it back at auction. In Argentina one crafty operator kept police baffled by using two planes with the same markings and registration-one for smuggling and one for legitimate freight. Other pros ship Scotch in gasoline tankers, diamonds in chunky chocolate bars, cigarettes under false truck floor...
...Brinckerhoff, 63, who last week was promoted from president to the newly created post of vice chairman and chief executive officer. He succeeds Clyde E. Weed, 74, who stays on as chairman. A Columbia-trained mining engineer, Brinckerhoff spent 23 of his 38 years with Anaconda supervising its Chilean mines, the source of 70% of the output and 80% of the profits of the world's second largest copper producer (after Kennecott). Among his honors: the Bernardo O'Higgins Order of Merit, Chile's highest award to a foreigner. "The company will not stay static," says tall...
...from a pre-empted hotel, where each office has a private bath, to a converted Wehrmacht barracks. Embassies are scattered from Cologne, 18 miles north of Bonn, to Rolandseck, ten miles south in the neighboring state of Rhineland Palatinate, where the Russians have taken over an old resort hotel. Chilean diplomats must work above the din of a five-and-dime store on the floor be low; the small, ugly British chancellery is smack in the middle of a cornfield, across the street from a Coca-Cola plant. New buildings, like the sprawling U.S. office complex known as the Pentabonn...
...Power & Homes. The bank was set up in 1960 to step in where private banks and other international lending institutions feared to tread. Under its able and imaginative president, Felipe Herrera, 41, a Chilean economist, el BID has granted longterm, low-interest loans for hydroelectric power in such marginal-risk areas as Guatemala and Paraguay. About 35% of its loans are for agricultural projects, which often get a cool reception from international bankers. Last year the Mexican government received $30.5 million to reclaim and settle 130,000 desolate acres in the southeastern state of Tabasco, while Venezuela and the Dominican...