Word: chileanizing
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...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...
MORE than a few Latin Americans harbor the suspicion that Salvador Allende's presidency may be unexpectedly brief. A Mexican television worker described one popularly held belief last week: "If Allende chooses to be a thoroughgoing Socialist, the Chilean army will decide, with a big wink from the U.S., that its sacred duty is to oust the man." There is no doubt that Washington is deeply distressed by the prospect of a Communist Chile. Ranking Administration advisers predict that a Communist country on the South American mainland would have far more influence throughout the hemisphere than Castro...
...loans, would scarcely be missed. Tighten the economic screws? Chile sells little of its copper in the U.S.: 90% of it goes to Japan and Western Europe. In the end, says Sol Linowitz, former U.S. ambassador to the Organization of American States, "the U.S. role in this entirely Chilean affair is to keep hands off-entirely." After all, Linowitz notes, "Chile is in this hemisphere, and we should be no more disturbed about Allende in Chile than about the military dictatorships of Argentina and Brazil. What kind of a double standard do we have...