Word: ibanez
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Chile, the doughty little country that never lost a shooting war, is fighting a desperate battle against the hemisphere's deadliest case of inflation. Until the beginning of this year, victory was in the air; President Carlos Ibanez, advised by U.S. Economic Consultants Klein & Saks, had effectively reversed 40 years of accelerating inflation. But last week the battle was again going against the inflation-fighters...
Most of the cost of Chile's austerity has been taken out of the pay envelopes of labor, already hard pressed by heavy taxes and a decline in real wages. In April a rise in bus fares provoked rioting that killed 22 people. A fortnight ago, when President Ibanez moved to slash government expenses by reducing the subsidies that held down the price of sugar and tea, the government accompanied the order with special instructions to the police on how to quell any rioting that might follow: sound a bugle three times at two-minute intervals, then break...
...lino Kubitschek, with Uruguay's Alberto Zubiria a guest in his plane, had planned to be back in Rio for a state visit by Argentina's Pedro Aramburu, but engine trouble delayed them in Peru, and bad weather stalled them in Santiago, Chile. Chile's Carlos Ibanez, however, was not on hand to greet them; on his way home the Chilean President had 1) run across Ecuador's Jose Maria Velasco Ibarra at the Guayaquil airport and dawdled over a glass of champagne, and 2) landed at Lima for a chat with ailing Manuel Odria, Peru...
...C.U.T.. Chile's biggest labor federation, staged the strike as a protest against the arrest of its president, Clotario Blest, who had made a rabble-rousing speech denouncing President Carlos Ibanez and his Cabinet as "traitors to the fatherland." Blest was released on bail a fortnight ago, but the strike was called anyway. It was an ugly symptom of the nation's sickness...
Squeezed by chronic inflation. Chile's workers have become strike addicts, and their burning discontent has benefited the Communists. Though the party is outlawed and the Ibanez government is antiCommunist, the Reds have burrowed deep into the labor movement. Their biggest coup was the capture of Clotario Blest. White-haired Bachelor Blest, longtime head of the National Association of Government Employees, is a strange bedfellow for Communists. He is a Roman Catholic whose favorite reading is the Thomist philosophers. In 1952 the Communists invited Blest to Moscow along with other labor leaders. The fact that Holy Week services were...