Word: latinizing
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Dates: during 1970-1979
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Kissinger could not have been much tougher without totally alienating the Santiago regime and other Latin American countries where a right-wing military trend is currently running strong. The meeting and speech nonetheless did have their impact in Chile. In a startling move, the conservative daily El Mercurio even printed the entire text of the OAS report on Chile. The issue containing it sold, as one American journalist put it, "like the Watergate transcript...
Magical Tourist. The Secretary's eight-day trip to Latin America was his second in four months. It included stops in Bolivia, the Dominican Republic and Mexico, where the Secretary tried to resolve the nagging problem of Americans serving prison terms for drug offenses. The voyage proved that in certain parts of the continent Kissinger is still a diplomatic superstar, the ultimate magical mystery tourist. In Santiago, more than 3,000 cheering Chileans gathered outside the Hotel Carrera simply to catch a glimpse of the Secretary before he emerged to drive off to the OAS meeting. In Santa Cruz...
...cooperatives formed from nationalized estates, manning many of Angola's hospitals, and helping to rebuild the country's shattered road systems. These civilian advisers seem to be well liked. Posters salute them as OUR BLOOD BROTHERS, and a reciprocal sign in a Cuban billet proclaims: WE ARE LATIN AFRICANS. Generally, the visitors keep a low profile in Luanda; they are seldom seen in great numbers except on weekends, when they congregate on a beach reserved for them to play their guitars, sing songs, play soccer or volleyball. Says one Portuguese resident of the capital: "The Cubans have been...
...novel aspect of Barnet and Mueller's argument is their claim that the growing independence of the global corporations from the American economy has reproduced in the U.S. many of the characteristics of underdeveloped countries, a process they term the "latin-americanization of the United States." Since the global corporations are no longer committed to the U.S. economy, they invest a larger portion of their capital in other countries, particularly in Western Europe, and draw an increasing proportion of their profits from foreign sales. Equally importantly, they have begun to remove blue-collar jobs from the U.S. into low-wage...
...which allow them to control their own credit supplies, thereby subverting the efforts of the Federal Reserve System to regulate the economy through control over the money supply. Similarly, the corporations have been able to wield the same weapon against U.S. fiscal policy as they have against those of Latin American governments: "transfer prices" (the manipulation of internal transactions to minimize taxable income) and "tax havens" (bases of operations in low tax areas), not to mention political influence to preserve attractive loopholes in legislation...