Word: chiles
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Heavy voter turnouts marked important elections in both France and Chile on Sunday...
...colonialist enclave," and charged that the U.S. had made it a "hotbed of international tension." Other Latin American countries are expected to press for international acceptance of a 200-mile offshore limit for a coastal nation's fishing rights- a move hotly opposed by the U.S. Peru, Ecuador, Chile and Colombia will undoubtedly lobby for a formal statement deploring the exploitation of the continent's natural resources by U.S. firms...
...Troubled Chile is now worse off than ever, and officials of President Salvador Allende's far-leftist government have been rolling out harsh measures that are aimed at creating what they call a "war economy." Two weeks ago Allende publicly conceded that his management of the country's economy has been ill-planned. He also castigated his biggest constituency, Chile's workers, chiding the miners for "acting like a bunch of monopolistic bankers" in their wage demands, and criticized bureaucrats for failing to improve government efficiency. To curb the groggy effects of alcohol on the workers, Allende...
...Behind Chile's woes is Allende's longtime effort to consolidate his political base, and perhaps draw new support, with a program that stresses consumer spending at the expense of savings-a strategy that dries up capital needed for new investment. With parliamentary elections scheduled for March, Allende needs all the voter support he can get. Even the Soviet Union, which extended an estimated $500 million in foreign credit to Chile last year, has grown impatient with Allende. The Soviet weekly New Times recently called the general line of Allende's policy "a bad calculation...
...strategic industries." Even so, the prospect of even more government control in an economy that is already 12% nationalized worries many Frenchmen. At the voting booth, they may well heed the Gaullist charge that "the Socialists and Communists promise you El Dorado, but they'll give you Chile...