Word: imported
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...accounts maintained by the late strongman. Even that was peanuts compared with the total value of his nationwide commercial empire, which included a controlling interest-mostly in the names of Sarit's relatives-in at least 15 specially privileged companies. Among them: the only merchant bank allowed to import gold; the only sales agency for the government plywood monopoly; a brewery with a heady share of the government beer monopoly; two companies with concessions to print and sell tickets for the national lottery; a construction firm with major government contracts. Sarit also owned a commercial fishing boat, some...
...lack of definite means of combatting it." Communism? Not this time. The official was bemoaning a corrupting force that antedates even Marx-the legion of Latin American smugglers who, to the policeman's dismay and consumer's delight, control some 20% of Latin America's import trade...
...payoff is bigger. In Chile Camay soap rates high, since local brands are sudsless-and expensive. Scotch whisky is a durable favorite everywhere. (Enterprising Argentine distillers now produce under license a domestic brand labeled "Old Smuggler," but it cannot quite pass the hangover test, and customers still prefer the imported stuff.) U.S. autos bring a 300% markup on the legal market in Argentina, and there is a thriving undercover import business in crates marked "agricultural equipment." An even more sophisticated wrinkle is smuggling airplanes: near the seaside resort of Mar del Plata, Argentine police are currently investigating a shipment...
...food and service has even attracted Gentile guests, who are offered yarmulkes (skullcaps) to wear in the dining rooms. Finding money to build the Deborah was no problem; the millionaire Knoll brothers own a number of corporations in Venezuela, including a construction firm, a dental supply business, an export-import company and an office-furniture factory...
...huge, state-owned industrial holding company, I.R.I. (TIME, March 27). Visentini's main task is to strengthen the position of Olivetti's U.S. subsidiary, Underwood Corp., which has not kept up with its U.S. competitors. In addition, Olivetti (1963 sales: $360 million) is troubled by import restrictions in its sizable Latin American market. Visentini, a lawyer well-connected with Italy's center-left government, will also try to fight off recurrent threats of nationalization...