Word: lonardi
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...reverberations of Sunday's palace coup echo through the streets of Buenos Aires, the shouts of students are undoubtedly among the loudest voices supporting the democratic elements which replaced General Lonardi's provisional government. For according to Luigi Einaudi '57, returned from Argentina, students have played, and will continue to play, a significant role in transforming the one-time police state into a democracy...
...suite, Peron made do with lesser quarters and jovially met the press on the terrace. What about Nelly? the reporters asked. "I'm too old for politics, war or women," joked 60-year-old Juan Peron. What did he think of Argentina's new president, General Eduardo Lonardi? "Lonardi is like the man who leaped from the roof of a twelve-story building and yelled as he passed the fourth floor, 'I'm doing well...
Devaluation automatically raised the cost of imports; that was where Lonardi's proposed austerity came in. To smooth the transition and hold down inflation, the government for the time being planned to tax the more profitable exports, e.g., beef, and use the tax to subsidize the more vital imports, e.g., penicillin...
First Challenge. Lonardi's talk was plainly disquieting to Argentina labor, which now feared a drive to freeze wages and raise lagging productivity. Toward week's end, leaders of the General Confederation of Labor (C.G.T.), once a major bulwark for Peron and currently embroiled in a power struggle with rival labor chiefs, threatened to call a general strike. But Lonardi met the challenge head on. He suspended every union official in the country, empowered army officers to organize and run off union elections for 120 days hence. The strike threat petered...
...This is Lonardi's second revolution," said an admiring Buenos Aires financier. "And it took more courage than, his military revolt on Sept...