Word: coppers
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Dates: during 1960-1969
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...trip to Chile could count on a three-week voyage by boat down South America's west coast. Today, Panagra's jets make it from New York to the Santiago capital in 14 hours, but few Americans visit Chile. Yet in this faraway land of nitrates, copper and wine, the most important election in Latin America this year will take place on Sept. 4. There is a real possibility that Chile, long democratic, will become the first nation in the hemisphere to choose an avowed Marxist as its freely elected President...
...Jorge Alessandri, Chile's dour and conservative incumbent President, who cannot succeed himself. The anti-Communist opposition is stronger this time. But so is Allende. In the past six years, Chile has made little progress. The U.S.-owned mines in Chile produce 11% of the world's copper, but catastrophic 1960 earthquakes and rocketing inflation have eaten up much of the mineral wealth. Since 1958 the price of a loaf of bread has risen from 13? to 40?; in the past twelve months alone, the cost of living has climbed 50%. In Santiago last week, 12,000 students...
...Fidel. Such is the discontent that feeds Allende's candidacy. A physician who turned to politics, Allende prescribes massive reform for Chile's ills: 1) a strict, centrally planned economy; 2) "authentic" land reform, meaning the expropriation of all large farms; and 3) nationalization of the U.S. copper companies. He terms Castro a "political genius," has Fidel's picture on his office wall and a framed blowup of the Declaration of Havana hanging in the hall outside. He openly calls himself a Marxist. "But I am not a Communist," he says, "and that is very important...
...GUSSOW - Borgenicht, 1018 Madison Ave. at 78th. The streamlined slabs and slippery surfaces of modern abstracts in stainless steel, forged bronze and copper by a teacher at Pratt Institute who studied under Moholy-Nagy and Archipenko. Most are on loan. Through April...
Prices have already begun to creep up. Rises were posted last week for copper, glass containers, aluminum, and some chemicals, but Administration economists argue that unemployment and the fact that industry is still operating at 85% to 87% of capacity will hold increases within bounds. Taking a longer look, a few economists and businessmen worry that taxes have been cut too much in one lump. That, they say, raises the danger of an overexpansion later in 1964 which could lead to a day of reckoning some time next year. For the present, however, the only major question is how good...