Word: ecuador
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Dates: during 1970-1979
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...Ecuador's return to democracy was closely watched in Bolivia and Peru, which also plan elections to replace military juntas. For a time, it seemed the vote in Ecuador might never take place. Fearing that Roldós, a protégé of Asaad Bucaram, an abrasive populist who founded the Concentration of Popular Forces Party (C.F.P.), would follow up his first-place finish in last summer's preliminary balloting with a victory, the military men who have ruled Ecuador since 1972 delayed the runoff for more than six months. That allowed the conservatives who opposed Rold...
Roldós avoided ruffling Ecuador's armed forces, proclaiming that he held them in "great respect." But he also decried the "vile assassination" of Abnón Calderón Muñoz, leader of the gadfly Radical Front Party, who was shot last fall in Roldós' home town of Quayaquil. Calderón's family has brought suit charging that ex-Interior Minister Bolivar Jarrin Cahueñas was involved in the killing...
...would skim off about half the $13 billion or so of extra revenue that oil firms stand to get as the price of domestic crude oil, which now averages $9.45 per bbl., rises to the world level. At the moment, that figure is $14.55 for OPEC oil, but Ecuador is now charging a premium price of $20.60 per bbl., and other producers are also levying surcharges on the basic OPEC price. Under Carter's plan, the proceeds of the oil tax would be funneled into an Energy Security Fund that would bankroll the development of alternative energy sources such...
...most vocal blame layers at the Geneva meeting was Saudi Arabia's Oil Minister, Sheik Ahmed Zaki Yamani, whose country has long been regarded as OPEC's principal voice for pricing restraint. Indeed, the Saudis, along with the delegates from Ecuador, Gabon, the United Arab Emirates and other moderates, managed to temper the egregious price demands being made by the hardliners, including the Iraqis, Iranians, Libyans and Algerians, who came to Geneva calling for increases of as much as 20% to 30%. But Yamani declared that his country's role as a "moderate" may not last much...
DIED. José Maria Velasco Ibarra, 86, Ecuador's charismatic Caudillo who was elected President five times and deposed four; of a heart attack; in Quito. Though he spent only 13 years in power and nearly 30 years in exile in Argentina, he unnerved opponents throughout his life with his vow: "Give me a balcony, and I will govern Ecuador again." Last elected in 1969, he was removed in 1972, but returned to Quito earlier this year "to meditate and await death...