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Before taking the stern measure, Finance Minister Oscar Herrera made a couple of prudent hedges. One was a flat ban on importing certain luxuries, to prevent a possibly perilous outrush of dollars for goods not really needed. Another was an agreement with the International Monetary Fund, the U.S. Treasury and eight U.S. banks for a $75 million stabilization fund to meet possible dollar runs. The free rate is expected to settle around 500, then begin the hard climb back...

Author: /time Magazine | Title: CHILE: Freeing the Peso | 4/23/1956 | See Source »

Medical Opinion. In El Paso, ex-Private Ygnacio G. Herrera gave himself up 14 years after he deserted from the Army, explained his disappearance during World War II: "I deserted because my mother was sick. She's better...

Author: /time Magazine | Title: Miscellany, Apr. 23, 1956 | 4/23/1956 | See Source »

Silliman College, short on squash players, had to forfeit three out of five matches to Winthrop at Hemenway. In those played, Phil Herrera defeated Jerry Manges, 3 to 1, for the Puritans, and Doug Gardner lost a very close match, 3 to 2, to Ham Southworth of Yale, giving Winthrop a 4-1 victory...

Author: NO WRITER ATTRIBUTED | Title: House Champions Beat Elis In Majority of Winter Sports | 3/19/1956 | See Source »

Bishop Angel Herrera of Malaga is one of the few men unafraid to speak out in Franco's Spain. Last week in a pastoral letter published in Madrid's Catholic daily Ya, the bishop said: "There is in the conscience of Spain a great lack . . . We have created a type of Christianity poor in social virtues. The lack of justice and, to a great extent, of mercy, maintains a system of sharing the national wealth which gives to a minority the great bulk of our income and keeps the multitude in poverty...

Author: /time Magazine | Title: Foreign News: Daily Scandal | 1/23/1956 | See Source »

...ceremony over, the councilors arranged themselves for a photograph. Herrera pressed Batlle Berres to the front with the courteous "Please go ahead." Smilingly, the new President took the defeated candidate by the arm, sat by his side and said, "With your help, we shall go ahead...

Author: /time Magazine | Title: URUGUAY: Democracy at Work | 3/14/1955 | See Source »

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