Word: chiles
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Much of the money from foreign loans has gone to prop up the value of national currencies, which makes foreign goods cheaper and encourages consumers to go on import-spending sprees. Even though Chile's unemployment rate in 1981 was 35%, the country was a major importer of radios, TV sets, refrigerators and cars. The surge in foreign auto sales has made Santiago one of the world's most polluted capitals. Argentina went on a similar binge starting in the late 1970s, a period known as La Plata Dulce-the sweet money...
...decisions gave an unfortunate boost to protectionism and put President Reagan in an election-year bind. Sweeping restrictions would be against his own free-market principles, but a vote against steel and copper quotas could hurt at the polls. New import quotas could also cause problems abroad. Chile and Canada, the two largest U.S. suppliers of copper, lobbied strongly against cutbacks. Steel producers like Mexico and Brazil have already announced voluntary restraints on their exports to the U.S., and further reductions would aggravate their debt woes...
Would we ally ourselves today with the Soviet Union to fight a right-wing dictator? We now support oppressors like Augusto Pinochet in Chile as long as they are anti-Soviet. If this were prewar 1938, we would be looking for a similar deal with Hitler...
...Baghdad, the Soviet Union has supplied Iraq with air-to-surface missiles capable of hitting Kharg Island and other targets deep within Iran. The Iraqis reportedly also have received the Soviet SS-12 missile, which has a range of 500 miles, as well as 5,000 cluster bombs from Chile...
...Colombia and high schools around the world. Houses near 300 university campuses are prime locations for recruiting and preparing new members. Opus also sponsors 200 social-services agencies. The movement has grown slowly in the U.S., where there are only 3,000 adherents, but in nations such as Chile, Kenya and the Philippines it is expanding vigorously...