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...19th century, so vast was the empire of Queen Victoria and so prestigious her name that statesmen of lesser lands around the world often sought the counsel of her ministers. Thus it was only natural that in 1896, when Chile and Argentina could not agree on the precise location of parts of their 3,000-mile common border, they turned to London for a solution. Though Victoria died before the job was done, her son Edward VII produced an arbitrator's decision in 1902, and his ruling was accepted in every particular - save one. Until now, that one exception...

Author: /time Magazine | Title: South America: Two Queens to the Rescue | 12/30/1966 | See Source »

...Chile's President Eduardo Frei and Zambia's President Kenneth Kaunda have been friends ever since 1960, when they met at Oxford University for a symposium discussing the problems of underdeveloped countries. Lately the camaraderie has revolved around copper, featuring quiet exchanges of missions across the Atlantic on the possibilities of cooperating, rather than competing, in the metal. Last week Kaunda himself flew to Santiago. At the end of two days of talks, the presidential pair announced heady plans for a copper cartel designed to control the free world market...

Author: /time Magazine | Title: Chile: Copper Camaraderie | 12/9/1966 | See Source »

...Chile and Zambia account for about 65% of the copper traded on the free world market, and Kaunda and Frei figure that this gives them enough leverage to dictate prices. On the highly speculative London Metal Exchange, the cost of copper this year has ranged from 98? to 44? per lb. Basically, Chile and Zambia want to reduce their vulnerability to copper's wild price fluctuations. The swings have been made especially violent by demand and supply uncertainties resulting from strikes and, not least, the tension between Zambia itself and Rhodesia, which has virtually cut off Zambia...

Author: /time Magazine | Title: Chile: Copper Camaraderie | 12/9/1966 | See Source »

...disarmament that has so long echoed through the world's major corridors of power was suddenly being taken up last week in, of all places, Latin America-where there has been only one major war in the past 50 years. Ironically, it came from Chile's President Eduardo Frei less than two weeks after his government signed a new $20 million deal for 21 British Hawker

Author: /time Magazine | Title: Latin America: The Great Arms Race | 11/11/1966 | See Source »

Last year Argentina bought 25 subsonic Douglas A-4B fighters from the U.S. Chile promptly dashed out for more planes and was soon negotiating for the Hawker Hunters. Not to be outdone, Peru last week was discussing purchase of 16 Mach-2.1 English Electric Lightnings and a flock of advanced-model Hawker Hunters. Meantime, Venezuela was suddenly losing its love for its F-86 Sabre jets, which it bought from the U.S. five years ago. So it, too, was dickering-with Sweden for 20 Saab

Author: /time Magazine | Title: Latin America: The Great Arms Race | 11/11/1966 | See Source »

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