Word: maracaibo
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Dates: during 1960-1969
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...frail tykes born two months premature, Venezuela's Prieto Quintuplets have developed into quite a gang. "They are terrible," groaned Mamá Inés Maria Cuervo de Prieto as the five boys celebrated their third birthday with the neighbor children in Maracaibo. "Anyone who stays with them for more than one hour will go out of his mind. When they're together, they're a catastrophe." The trouble is, sighed Mamá, they're always together. "Each is different," she mused. "Mario is the strongest. Otto gets mad easy. Juan José is the smallest...
Seed & Pesticides. From Manila to Maracaibo, Western capital and technology are at work today producing fertilizer, farm machinery, seed and pesticides-and teaching peasant farmers how to use them. They are also marketing new foods. In Colombia. Quaker Oats is promoting a powdered cereal that contains cottonseed flour, corn meal, sorghum and yeast to add body-strengthening vitamins and protein to diets in which their lack dwarfs and weakens millions of children each year. Minneapolis-based Archer-Daniels-Midland is shipping a protein-enriched powdered-soybean beverage to countries as far off as Korea. Corn Products Co. is working...
...profit-seeking investors from the world over. The fuel of Venezuela's economy is the country's fabled pool of oil, greater than that of any other nation except the U.S. and Russia. The black gold that foreign companies pump from beneath the muddy floor of Lake Maracaibo enriches the Venezuelan government by $1.3 billion yearly, or about $1 per bbl. And whenever the treasury wants more, it simply squeezes the 25 foreign oil companies a little tighter-which is what it is doing right...
While the foreign oilmen in Venezuela can retaliate by reducing their capital investments at Maracaibo, the Venezuelans appear to have the stronger hand. They know that the companies cannot quickly drum up great supplies of fuel oil from other countries. And they hold in reserve the threat of hitting the companies with further back-tax bills, which could amount to as much as $500 million for 1961-65. Chances are that the oil companies will fight the case through the Venezuelan courts, and then come to a compromise calling for somewhat lower profits and higher prices...
...soldiers are having trouble with the Castroite FALN guerrillas, who have now spread into eight of the country's 20 states. Last year the Castroites were content to play hide-and-seek with the army. Now they are growing bolder, recently ambushed an army patrol near the Maracaibo oilfields, killing three soldiers and wounding...