Word: guyana
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...President's proposal for tax incentives for private investment in the Caribbean has already been tried, usually with the same result. U.S. corporations receive more "incentive" to invest in capital-intensive extractive industries, such as bauxite in Jamaica and Guyana, Ore companies set up low-wage assembly industries--baseball stitching in Haiti, to name one--that add very little to a nation's capital stock or level of skills. In short, the President is sending supply-side economics on an island cruise; his proposals will only exacerbate the region's dependence on foreign investment...
...union men, the worst enemy of all is Reaganomics. Lane Kirkland, president of the AFL-CIO, says that the Reagan Administration is practicing "Jonestown economics," giving "Kool-Aid to the poor and the deprived and the unemployed in this country," a reference to the mass suicide in Guyana in 1978 in which the deadly potion was a soft drink laced with cyanide. After Kirkland made the characterization at the AFL-CIO's executive council meeting in Bal Harbour, Fla., last week, Vice President George Bush, a visitor at the session, accused him of "groping for a headline...
Phibro, for example, already sells alumina, the material used to make aluminum, for Guyana. If that South American country some day needs a new hydroelectric plant to supply power to an aluminum smelter, the Salomon Bros, wing of the new company could raise the capital for the plant, and the Phibro one would then market the final product. Said Hal H. Beretz, 45, the president of Phibro: "The parts of this merger are unique. There's nothing out there that is going to match this combination." That attitude was the driving force behind last week's merger announcement...
Uitvlugt, Guyana...
...Franciscans will forget the ashen face of Dianne Feinstein, 47, on the day she became acting mayor in November 1978. Just nine days earlier, the Guyana massacre had jolted the city, which had been the nurturing ground of Jim Jones' Peoples Temple. Now it was Feinstein's terrible duty to announce that Mayor George Moscone and Harvey Milk, a homosexual member of the board of supervisors, had been assassinated by a disgruntled former board member. As president of the board, Feinstein became acting mayor. "I found myself into the politics of assassination," she recalls. It was a "very...