Word: colombia
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...Dempster Mclntosh, 63, onetime president of Philco International Corp. (1943-53), ambassador to Latin American countries (Uruguay, Venezuela), first manager of the Administration's Development Loan Fund (1957-59), to be Ambassador to Colombia...
...aftermath of Clare Boothe Luce's resignation as Ambassador to Brazil, President Eisenhower last week turned to a career man to be envoy to the biggest, most populous neighbor in Latin America. The new nominee: John Moors Cabot, 58, foreign service veteran (since 1926), currently U.S. Ambassador to Colombia, and Bostonian of first-family lineage...
Died. Crisanto Cardinal Luque, 70, aggressive, socially conscious Roman Catholic cardinal, first to be named in Colombia, who acidly attacked and helped unseat Colombia's corrupt Dictator Gustavo Rojas Pinilla (1953-57); of a lung hemorrhage; in Bogotá, Colombia...
Lleras also rebuilt his nation's international fiscal rating, driven into shabby disrepute by Spendthrift Rojas. He choked off unneeded imports so decisively that Colombia was one of five Latin American nations to show a 1958 favorable balance of trade in spite of tumbling prices of coffee, source of more than 80% of Colombia's export income. Lleras cut the $500 million commercial debt left by Rojas to $150 million. He also held down government spending and tightened credit. Cost of living, which jumped 23% in 1957, climbed only...
...restore calm, Lleras canceled the increase. To keep the calm, he will have to pull another miracle of statesmanship -a miracle that will build new industries to put Colombia's hungry manpower, currently growing at the rate of 70,000 a year, to work...