Word: chileanizing
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Chile's Marxist President Salvador Allende Gossens is beginning to sound and act like a man who is fighting for his political life. In February, the Chilean Congress, which is dominated by the opposition Christian Democratic and National parties, passed a constitutional reform bill that would prohibit the President from nationalizing any more private firms without congressional approval. If it should become law, the ban would be retroactive to October 1971. Last week Allende angrily vetoed the bill. He further declared that if his veto were overridden, he would introduce a measure to dissolve the Congress, and if Congress...
Pinheads. At the same time, Allende has been trying to shore up his country's international credit rating. He has begun to make token payments on some of Chile's obligations to foreign firms, including the Anaconda Co., which last week dropped court-ordered liens against certain Chilean properties-including holdings of LAN-Chile, the state airline-with assets in the U.S. Allende has also paid at least half of the $2.2 million in interest due the Boise Cascade Corp., which owned an electric company that was sold to the Chilean government in 1970. In Paris, no agreement...
...midst of so many problems, the ITT affair (TIME, April 3) strengthened Allende's position at home, and the Chilean Congress launched an investigation into foreign interference in the country's affairs. Presumably, the Congress would not stop Allende from nationalizing ITT's properties in Chile, which include two Sheraton hotels and a cable company. By the hundreds, Chileans were snapping up a little black paperback entitled Documentos Secretos de la ITT (Secret Documents of ITT). For the most part, the government-sponsored book is a straightforward collection of the Jack Anderson memos alleging that ITT officials...
...maker of pulp and cellulose and a major shareholder in Comsat. Overseas it has been rolling like Patton's Third Army into cosmetics, food products, auto parts and construction materials. Last year it employed almost 400,000 people in 67 countries. They generated sales of $7.3 billion, excluding Chilean and insurance operations, and profits of $337 million...
...Alpert, who recently returned from a trip to Chile, will speak on the revolution in that country with Fernando Leiva, a Chilean student, and Andy Zimbalist, a graduate student at Harvard, tonight at the Union Ballroom, Boston University Student Center...