Word: chiles
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Dates: during 1960-1969
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INVESTMENTS IN CHILE of $250 million over next four years are being planned by Anaconda and Kennecott copper companies. Since copper production helps finance government's expenses, the money will aid in restoring Chile's earthquake-damaged economy...
...president is Samuel Clark Waugh, 70, a Lincoln, Neb. banker who took over in 1955. Under Waugh, loans last year hit a record $535.9 million. Waugh has stretched his charter a bit to keep Ex-Im operations flexible. Sample: massive stabilization loans ($100 million to Mexico, $25 million to Chile) are not meant to be spent but to give a psychological lift to a currency threatened by inflation or devaluation. But further than that Waugh will not go, or even look. "I'm a lender, not a giver," he says, and he proudly claims a default rate of less...
...chance of a warm official welcome elsewhere is slight. All the major Latin American Presidents-Argentina's Frondizi, Mexico's López Mateos, Brazil's Kubitschek, Venezuela's Betancourt, Chile's Alessandri, Colombia's Lleras Camargo-are authentic, elected democrats, friendly to the U.S. and fearful of letting Khrushchev get a foothold in the Western Hemisphere. But though Latin America is gifted with many mature and responsible top officials, it also has masses of poor and illiterate people whose grievances can be exploited. From his platform in Cuba, Khrushchev undoubtedly hopes to talk...
...rally would be regarded as interference in its internal affairs. Bolivia's government somehow delayed extending an invitation to Dorticós so long that it was too late for him to accept. Peru shifted Dorticós' arrival to a distant military airfield and barred welcomers. Chile refused to admit him. Venezuela's President Rómulo Betancourt sent his Foreign Minister to intercept the Cuban President in Buenos Aires and persuade him to stay away because his trip "was not convenient." Dorticós rejoined that he would visit Caracas unless Betancourt publicly barred...
Planes and ships from across the world headed for Chile filled with serums, water purifiers, blankets, clothes, food. Fifty-four U.S. Air Force transport planes airlifted two 400-bed Army field hospitals, lugged relief supplies to shattered towns and cities inside the earthquake region. The first shipments of help only scratched the surface of the need. When a trainload of refugees pulled out of half-destroyed Valdivia, those left behind called after it: "We are hungry! Please send us bread and milk!" At week's end, as hunger grew deeper, desperate men fought with knives for chunks of bread...