Word: latinate
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Dates: during 1950-1959
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...tone of the Latin American speakers at last week's meeting verged on the desperate. Said Argentine President Arturo Frondizi: "The destiny of democracy is at stake." Cuba's Fidel Castro dramatically showed up and won cheers with a blatant demand for $30 billion over a ten-year period. "I realize this means a sacrifice for the U.S. taxpayer," he cried. "But they are so much richer than...
...Burdened? The U.S. has done much. Last year the lending power of the Export-Import Bank (which does 40% of its business in Latin America) was boosted from $5 billion to $7 billion. The U.S. agreed before last week's meeting to contribute a major share in the initial $1 billion capitalization of a new Inter-American Development Bank. But the U.S.'s Delegate Thomas Mann, Assistant Secretary of State for Economic Affairs, pointing to "the very heavy burden which the American taxpayer today bears in order to create a defensive shield...
...Moscow," he said, "has definitely stated that it is attempting the economic conquest of the free world and, in this way, imposition of its political conditions." But despite hundreds of proposed deals-including 176 to Brazil alone in 1958-Iron-and Bamboo-Curtain trade runs around only 1% of Latin America's total. And Communist loans to all of Latin America so far total only...
Lleras also rebuilt his nation's international fiscal rating, driven into shabby disrepute by Spendthrift Rojas. He choked off unneeded imports so decisively that Colombia was one of five Latin American nations to show a 1958 favorable balance of trade in spite of tumbling prices of coffee, source of more than 80% of Colombia's export income. Lleras cut the $500 million commercial debt left by Rojas to $150 million. He also held down government spending and tightened credit. Cost of living, which jumped 23% in 1957, climbed only...
...Prime Minister Fidel Castro was the Western Hemisphere's happiest tourist last week, speeding from Montreal to Houston to Brasilia to Buenos Aires. "This one day I spent in Montreal," said Castro, "has impressed me more than all the time I spent in the U.S. There is a Latin atmosphere." In Houston, he accepted a blue-blooded quarter horse, gave permission to Oilman Frank Waters to make a movie about the revolution. "To do justice to a story so powerful," said Waters, "I have hired the top producer in America, Jerry Wald." Hoped-for cast: Marlon Brando as Fidel...