Word: chileanizing
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...observation post near Port Tewfik on the Egyptian side of the canal. The post had already sustained several near misses and one direct hit that blew a hole in a wall, just a few yards from the observers' living quarters. When firing began again, Plane and a Chilean colonel moved to a window to take a look-just in time for Plane to catch a piece of shrapnel in the neck above his armored vest. He died instantly...
...support the accusation of the Chilean Foreign Minister that "Private investments have meant and mean today for Latin America that the amounts that leave our continent are many times as high as those invested in it" [July...
...company's annual production and half of its earnings. Since then, the Latin American political winds have shifted. Last week Anaconda management decided that paid-for nationalization of the two mines, offered by moderate President Eduardo Frei, was better than the outright expropriation that Chilean leftists were demanding...
...mines was a political triumph for Frei, whose shaky Christian "Democrat party must face a rising leftist challenge in the 1970 elections. But Anaconda stock dropped to a new low for the year, and company executives said that they did not know how Anaconda would make up its Chilean losses...
Charging that fatter U.S. profits from Chilean copper are "immoral," leftists renewed their demand for outright nationalization. Other Chileans complained that Anaconda is paying for the Exotica mine out of its windfall profits rather than by investing more U.S. dollars. Although Frei is trying to strengthen his fellow Christian Democrats before the 1970 elections, he is sticking to a moderate position. This month, he demanded a 51% share of Anaconda's Chuquicamata and El Salvador mines and an increase in the company's taxes. Later, he will also seek a larger share of profits from Kennecott and Cerro...