Word: ecuador
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...political oligarch, the general is keeping a watchful eye on the former President's well-heeled supporters. Last month, after wealthy farmers and businessmen met to protest the government's agrarian and educational reforms, Torrijos retaliated by packing eleven of his critics off into exile in Ecuador. After a five-day slowdown by business leaders, Torrijos changed his mind and agreed to allow the exiles to return. Heavier pressure is coming from leftist university students who demand the speedy return of the canal and total elimination of the American presence. Marching last month in memory of 21 "martyrs...
...OPEC'S first gesture as a group to help poor nations that are afflicted with high oil bills. The fund's main backers, Iran and Venezuela, originally proposed $1 billion a year for five years. Instead, the fund will exist for only a year, and Indonesia and Ecuador said that they could not afford to contribute. Overall, OPEC nations seem to feel that they are doing more than their share to help less developed countries...
...henchman, found no cause for mourning. Pravda noted Chou's death in a one-inch, six-line item near the bottom of page 5, beneath a routine story about the Common Market; the paper gave less space to Chou's death than it did to a Cabinet shuffle in Ecuador and a Burmese campaign against smuggling. The brevity of the announcements and the absence, at week's end, of official comment indicated that the Russians were proceeding with their customary caution. Like Washington, Moscow presumably expects no immediate shift in China's stance toward the Soviet Union. Still, Moscow knows...
...advanced industrial nations exploit the Third World is stronger than ever and is remarkably adaptable to shifting circumstances in the world economy. In the winter of 1973-74, when OPEC was inflicting the maximum pain on the oil-consuming world, all the South American nations except Venezuela and Ecuador were also hurt. But they were full of heady visions of "other OPECs" that could force the rich North to pay much more for copper, bauxite, coffee, etc. Then the weakening of world demand knocked down raw materials prices; copper fell from $1.50 to 500 per lb., and Peru and Chile...
...ECUADOR: Failing in a move to charge prices even higher than the rest of OPEC, the country suddenly found itself losing $20 million a month in foreign currency. The government slapped a 60% tax on luxury imports, such as automobiles; the levy has been so unpopular that it helped spur on plotters who attempted a coup against President Guillermo Rodriguez Lara a month...