Word: chiles
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Dates: during 1960-1969
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...sugar being eaten away by a fire hose." Much of the erosion has since been halted. The Alianza has made considerable progress in developing economies, while Castro has been ex posed as a bungling adventurer. The Brazilian revolution ended the drift to Communism under a feckless leftist President; Chile averted the same fate in a head-to-head election in which the Christian Democrats' Eduardo Frei won an overwhelming victory; Mexico continues its boom under the able Gustavo Diaz Ordaz; and long-turbulent Peru is enjoying a rare peace and prosperity under Fernando Belaunde Terry (TIME cover, March...
...President Kennedy in 1961. He streamlined the organization, strengthened its operations considerably and helped get salary raises for the 1,600,000 federal employees who come under the competitive civil service system. But it was only last November, when White House Personnel Scout Ralph Dungan was appointed Ambassador to Chile, that President Johnson asked Macy to take over top-level, non-civil service head-hunting duties as well...
...howls about imperialist aggression. In a shrill May Day speech, Castro called the U.S. landing "one of the most criminal and humiliating actions of this century." The comment from the rest of Latin America was surprisingly mild. Few of the expected mobs materialized to hurl rocks at U.S. embassies. Chile's President Eduardo Frei and Venezuela's Raúl Leoni issued public statements deploring the U.S. landings. But privately, many Latin American statesmen admitted the necessity for quick U.S. action. Some even went on record about it. Mexico's Foreign Ministry said that it regretted...
...long-range strategic reason (for those who deny the importance of morality in politics) is more compelling. The U.S. can intervene two or three times in the small republics and succeed. But the real stake is the allegiance of the giants of Latin America--Brazil, Venezuela, Argentina, and Chile. Intervention is simply not worth the animosity that accrues to the U.S. in the great republics, where no sane President would dare try the same thing...
...years of fiscal mismanagement in Argentina. Moreover, though Illia's government announced bravely that it would now deal independently with the nation's creditors in Europe, the U.S. and Japan, hardheaded foreign bankers are not likely to stretch out repayment terms-as they did for Brazil and Chile -without IMF backing for the Argentine government. Meanwhile Illia announced new export taxes that will virtually cancel out any profits that exporters stood to gain through exchange devaluation...