Word: chileanizing
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United Nations Conference on Trade and Development (UNCTAD). In all, 3,000 delegates from 142 countries met for five weeks in a new $10 million building, which had been specially put up for them by the nearly broke Chilean government. They listened to 1,120 hours of speeches, mostly impassioned pleas for preferential trade deals and fat increases in foreign aid for developing countries. But they made no real progress. As one weary U.S. delegate explained: "The conference presumes that the U.S. is a giant cow and that there should be a teat for every developing country in the world...
...What UNCTAD lacked in substance it more than made up for in fun and games. The partying was so intense that UNCTAD's founding father, the noted Argentine economist Raul Prebisch, noticeably avoided the meeting, and one Belgian delegate went on a hunger strike in protest. The Chilean government had laid on a cultural program of symphony and folk music, ballet and theater-but had to cancel it after one week because of low attendance...
Overworked Women. Business was so brisk in nightclubs that prices were raised from $ 1.05 to $ 1.55 a drink. The Chilean central bank reported that the delegates changed an average of only $3 a day into escudos at the official rate. Meanwhile, the visitors brought a boom to Santiago's money black market, where dollars were exchanged for three to four times the official rate. A popular brothel located in a downtown office building reported its business up 50% during the UNCTAD meeting and had to add four women to its overworked regular staff...
Curiously, the greatest party lovers were the Chinese. Their embassy receptions, awash with plenty of mind-numbing mao-tai liquor, were the most popular social events in Santiago. But the Chinese were always tough-bargaining businessmen. Last week three of them huddled with three Chilean girls in a combination bar-brothel and were told that the price of the action would be $75 each, double the pre-UNCTAD days. The Chinese held a hasty conference and made a decision: they would share one girl...
...projects this year. Marxist President, Salvador Allende Gossens, has been reluctant to move decisively against the squatters for fear of further weakening his already shaky left-wing coalition of support. Last week, a massive protest parade in Santiago by an estimated 400,000 people-the largest street rally in Chilean history-demonstrated that he also faces mounting pressure from the moderate right...