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Word: jacobo (lookup in dictionary) (lookup stats)
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...moderation. "I believe in free unions," he said, "but many of our unions were infiltrated by Communists -especially the boards of directors. I believe there should be periodic elections to ensure against continued rule by corrupt men." As for Communism itself, he said, "Guatemala [under Red-dyed President Jacobo Arbenz] was like a small girl who caught smallpox. After the disease was over the scars remained. Now the scars are beginning to disappear...

Author: /time Magazine | Title: GUATEMALA: Good Impression | 3/10/1958 | See Source »

...Behind him, the little (5 ft. 7 in., 135 Ibs.) President left prosperity and surface stability, but no sound political philosophy, organization or heir apparent. In the three years since his rag-tag army and Nicaragua-based air force (six F-47s) forced out the Red-led regime of Jacobo Arbenz Guzmán, Castillo was the country's undisputed ruler-shy and diffident in manner, often indecisive as an administrator, but capable on occasion of moving with stern severity...

Author: /time Magazine | Title: GUATEMALA: Fighter's End | 8/5/1957 | See Source »

...Each year the Soviet Union ships about $100 million worth of gold to Switzerland, presumably to finance such undercover operations as its spying and propaganda network in the West, trade deals to get around the embargo on strategic goods. Such ousted rulers as Egypt's Farouk, ex-President Jacobo Arbenz of Guatemala and Argentina's ousted Dictator Juan Perón keep fortunes in Swiss banks all presumably pilfered from public funds. But sometimes the secrecy of Swiss banks defeats itself. Many an owner of a secret account has simply disappeared, leaving his money still on deposit. Estimated...

Author: /time Magazine | Title: BUSINESS ABROAD: Rude Surprise | 6/3/1957 | See Source »

...reform begun in 1952 by Red-led President Jacobo Arbenz actually moved 87,000 peasant families onto plots of their own. Some legally took over uncultivated parts of confiscated estates; more, inflamed by the example, simply seized land amid scenes of bloodshed and destruction. After Castillo Armas took power, many landlords grabbed back their holdings with equal violence. The bulk of the 1,950,000 indifferent, largely illiterate Indians stayed unbenefited on their subsistence corn patches high in the mountains...

Author: /time Magazine | Title: GUATEMALA: Reformed Land Reform | 3/12/1956 | See Source »

...groups. ¶ The National University is guaranteed 2% of the national budget. ¶ The exiling of citizens, hitherto a favored political punishment, is forbidden (though a temporary clause permits Castillo Armas to override the ban for the time being in order to keep out henchmen of deposed President Jacobo Arbenz...

Author: /time Magazine | Title: GUATEMALA: New Constitution | 1/16/1956 | See Source »

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