Word: foodes
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Dates: during 1950-1959
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Black markets flourish. Hundreds of men wait for hours in long queues to buy cheap but scarce government-subsidized commodities that they resell at high prices, turning a profit greater than an average day's wage of a worker. Perhaps half of the relief food given Bolivia by the U.S. fetches up as barter for hard currencies in neighboring countries...
...self-sufficient agriculture, development of Bolivia's promising oil potential. Lacking capital, the government took a chance: it printed the money to pay the miners who produced the tin that brought in the dollars needed for development. It calculated that greater farm production (lessening dependence on dollar-bought food) and greater exports of dollar-earners like oil might balance off trade before the boliviano went into a spin...
...Stop printing new money, and boost taxes to make up the deficit. ¶Freeze all hiring in the mines, and let the payroll drop back through attrition. ¶I Free all currency transactions, -abandoning the absurd official boliviano rate of 190 to the dollar. ¶ Dump price controls and food subsidies, including those in the commissaries...
Rough Wrench. Changing over to a free economy will be a hard wrench for many Bolivians. Some miners will lose their jobs; almost all of them will pay more for food. Black-marketeers and influence-peddlers by the thousands will have to go to work. Prices, for those who used to get subsidized commodities, will go up. Among the groups that will be hit, President Siles' popularity is bound to drop. Yet his great popularity is almost the only weapon Siles has to use in putting the reforms across; Bolivia's main armed force is not a government...
...technically instructive for viewers interested in makeup techniques-the line dividing March's real nose from Scrooge's putty one was visible through most of the hour-long show-and the dinner table in the house of poor, starving Bob Cratchit (Bob Sweeney) was so laden with food that it needed only Henry VIII to waddle in and begin throwing haunches of venison to his hunting hounds...