Word: chiles
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Inspired by the heady success of the Organization of the Petroleum Exporting Countries in pumping up the price of oil, four countries that account for 70% of the world's copper exports last week adopted some of OPEC's tactics. Zambia, Zaire, Chile and Peru, members of a cartel called the Intergovernmental Council of Copper Exporting Countries (CIPEC) announced plans to reduce shipments of the metal by 10%. Said Fernandez Maldonado, Peru's Minister of Energy and Mines: "The Arabs have shown...
Metal traders were skeptical that CIPEC could drive up prices. They questioned the effectiveness of a cutback in shipments without a reduction in production. Almost in response, the Chilean government announced that it would close down the Exotica Mine for six months; the mine, one of Chile's largest, last year produced about 32,000 tons, or only 4% of Chile's copper exports. That should certainly not be enough to kick up prices-unless more member countries also close their mines...
...Quito of foreign ministers representing the Organization of American States, several Latin American diplomats were confidently passing the word that the OAS would vote to end the diplomatic and economic quarantine it slapped on Cuba in 1964. They were wrong. On the balloting, three nations (Uruguay, Paraguay and Chile) voted no, six (including the U.S.) abstained, and twelve were in favor-two less than the two-thirds majority necessary for passage...
...also defended support of the regimes of South Vietnam, South Korea and Chile, called "reactionary" by his questioners, on the grounds of national security and national defense and because "they're on our side...
...idea that there is something terrible in having the citizenry outgun the police is even more disturbing. Of those places where the reverse is the case (Chile, Cuba, Spain, the U.S.S.R.), banning most firearms and other weapons has facilitated the trampling of more basic freedoms...