Word: chiles
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Dates: during 1960-1969
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...Chile's President Eduardo Frei is a Christian Democrat who came to office on a platform of sweeping social reform. He has turned out to be a reformer, all right, but of a kind that Chilenos had not quite expected. Seven months ago, he put a crimp in the national afternoon siesta by banning the three-hour lunch break. Then came a prohibition of movies after midnight and the closing of television stations at 11:45 p.m. "A nation that goes to bed late cannot work well the next day," the government explained...
Last month came a ruling that threatened another aspect of bedtime life in Chile. Amid charges of white slavery and dope peddling, Frei's Interior Ministry suddenly banned prostitution and told owners of nightclubs to take the beds out of the back rooms. This was going too far. No sooner had the order been issued than the madams of Santiago descended on the presidential palace in a mass-protest demonstration. They informed Under Secretary of the Interior Juan Hamilton that unless the ban was removed, they would organize into a sort of body politic to oppose the government...
Also, Paper Bags. Then, there is all the action in the mines. Copper output has doubled since 1959, and Anaconda, American Smelting & Refining and Cerro Corp. are considering plans that could double it again by 1970. This would rank Peru with Chile and Zambia as world leaders in copper production. Even cautious old W. R. Grace & Co., which has been packing its bags in most Latin American countries, has announced a $50 million investment in papermaking and other projects over the next five years...
...result is a world copper shortage and strong upward push on prices. Earlier this year the price rose to a breath taking 98¾? a lb. on the London Metal Exchange, a small-volume speculative market to which users turn when regular sources fail. In April, Chile, unable to resist temptation, broke a producers' agreement that had pegged the price at 42? a lb., went up to 62?. Zambia then decided to sell at L.M.E. prices, now 72?, and Peru-based companies followed suit. Last week Chile again hiked its price, this time...
This week copper company representatives from Chile, Peru, Zambia and the Congo are meeting in Lubumbashi, formerly Elisabethville, to consider the situation. But despite the danger to copper, prospects for an early return to the old pegged prices are slim...