Word: chiles
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Dates: during 1950-1959
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...materials for U.S. industry. Hotchkis answered that of the $441 million invested by U.S. citizens in Latin America in 1951, half went into manufacturing industries. He reeled off a list of U.S. industrial investments in Latin America, from tires and chemicals in Brazil to glass and textiles in Chile. The U.S. Export-Import Bank, he added, has made loans to Brazilians and Chileans for steel and textile mills, to Mexicans for steel mills and chemical plants. U.S. experts have shown Cubans how to grow and process kenaf fiber, starting a whole new textile industry on the island...
...four-week good-will swing around Latin America, pink-cheeked Ludwig Erhard, West Germany's Minister of Economics, stopped off last week in Chile. As in Mexico, where he opened his tour by attending the inauguration of a $25 million German industrial fair, he was welcomed as the fiscal wizard who symbolizes West Germany's spectacular economic comeback. Santiago's press gave him the Page One treatment, university professors asked him to lecture, and Chile's much-regulated businessmen applauded till the walls of the Union Club vibrated when he told them: "There is no miracle...
Looking Forward. With German trade in Latin America already running at a rate of nearly $500 million a year, Chile, Argentina, Uruguay and Brazil are now so far in debt to Bonn that Erhard was not interested at the moment in signing new trade agreements. The only bargain he proposed in Santiago provided for the restoration of the Bayer and Merck drug properties, seized in World War II. But Erhard had bigger matters in mind. West Germany's continued progress, he said, requires wider foreign business, and Latin America, rich in raw materials and poor in machinery and manufactured...
Looking Backward. But one or two traditional German specialty items are missing from Dr. Erhard's export program, as Chile's crusty old (76) President Carlos Ibanez belatedly learned last week. "Tell the Minister" huffed the general to his interpreter, "that I wish we may soon exchange Chilean and German officers to work in our armies and arms factories." Without batting an eye, Erhard said: "Tell the President that there is no German army . and military plants have been forbidden for many years...
...cadets kidnaping the Navy goat on the eve of the service academies' annual football game. As soon as the students heard of the ab duction, they called in the press to claim credit for a find that "may change our knowledge of the history of the Incas in Chile." When skeptical newsmen demanded to see the "mummy," the students led a caravan of cars crosstown to the Museum of Natural History...