Word: chiles
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...Said Chile's Rafael Irarrazaval Correa, heir to the title of Conde de la Conquista and general manager of a Santiago ready-to-wear firm named Vestex: "I'm a citizen of a democratic nation . . . Don't kid me, please...
...International Bank for Reconstruction and Development, which has lent $125,100,000 to Latin American countries (Mexico, Brazil, Chile), took another step last week to help carry out President Truman's Point Four development program in South America. The bank announced that a team of nine experts, headed by ex-Brain Truster Lauchlin Currie, would spend three months studying ways to increase Colombia's wealth...
...make up for the drop in peso income, Gonzalez Videla was ready to ask Chile's Congress for permission to issue new paper money. With part of the money, backed by government-supported bonds, idle copper hands would be employed on public works projects...
...these steps did not go far enough, Chile planned to create a state-controlled Corporation del Cobre which would control the production, price and distribution of all Chilean copper. In effect, U.S. companies would lose their firm hold over the world's biggest source of the metal outside U.S. borders. Chile was reluctant to take the move. But its determination to stand on its own economic feet, whether well-shod by U.S. dollars or not, was too strong to permit an alternative...
...brand-new WFDR is expected to be a model of union entertainment and salesmanship. Last week's 2½hour inaugural broadcast from the stage of Carnegie Hall saw WFDR off to a razzle-dazzle start. Congratulatory messages came from India's Pandit Nehru and Chile's President Gonzalez Videla, Italy's Premier de Gasperi and France's Leon Blum. There were Verdi arias and Rooseveltian folksongs (Ballad for FDR, The Face on the Dime), and jokes by Milton Berle (see PEOPLE). Big business was represented by RCA's David Sarnoff, the Armed Forces...