Word: eder
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Siles gave full credit to Bolivia's economic-stabilization program (based on the recommendations of U.S. Economist George Jackson Eder) for saving the country "from disaster." He pointed to the help that Bolivia is getting in U.S. technical cooperation for health, education, agriculture and roads. Siles put U.S. dollar help at more than $23 million for the fiscal year-plus an emergency $2,000,000 for Bolivia's drought-parched farm areas. He praised the "evident spirit of international cooperation" demonstrated by the $25 million currency-stabilization loan granted last December by the International Monetary Fund...
This was gratifying news for President Hernán Siles Zuazo, who has backed the program with everything from a hunger strike to threats to resign, and for George Jackson Eder, an old Latin America hand who left International Telephone & Telegraph Corp. to supervise Bolivia's National Monetary Stabilization Council. But Juan Lechin, executive secretary of the powerful workers' confederation, was looking out for labor and labor alone. At the confederation's second congress last week, he burst into an impassioned defense of the featherbedding privileges that the workers took for their own after bringing the Nationalist...
General Strike? Grim warnings against Lechín's course were sprinkled all through a detailed report released by Stabilizer Eder last fortnight. He cautioned that the "miracles" of stabilization could be wiped out by a round of raises now. He caustically criticized the law that bars firing of surplus employees. In the last five years, said Eder, the number of workers in the government-run mines increased 20% while production dropped 50%. The report's blunt summary said that if Bolivians expect U.S. aid to continue at its present level (about one-third the government budget...
House Cleaning. The stabilization loan announced last week came about after Bolivia, in despair, got the services of a U.S. consultant named George Jackson Eder, legal counsel for International Telephone & Telegraph Corp. and an old Latin American hand. The sum, equal at the present 10,000-to-$1 boliviano rate to nearly double the value of the 140 billion bolivianos now in circulation, should be enough, if carefully fed into the dollar market, to roll the boliviano well back. The experts guess that the boliviano's realistic rate will turn...
Marriage Revealed. Minot Frazier (Mickey) Jelke, 24, chubby Manhattan playboy convicted a year and a half ago on two counts of compulsory prostitution; and Sylvia Eder, 26, the willowy blonde who was with him when police triggered the case by raiding his apartment at 1:30 a.m.; in Folkston, Ga., on June 22, five weeks after his conviction was set aside by the New York Appellate Division...