Word: millions
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Dates: during 1960-1969
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Aware of the highly charged nationalistic feelings involved in the I.P.C. case, the U.S. asked only that the junta pay Standard Oil a fair price for I.P.C.'s properties (Peru's Supreme Court had earlier set the figure at $142 million). If it does not, as the Peruvians well know, the U.S. would be forced under the provisions of the Hickenlooper Amendment to suspend its economic aid to Peru within six months after the seizure unless promising negotiations for equitable compensation are under way. At present, U.S. aid amounts to $34 million a year plus another $45 million...
Last week, in a highly emotional television and radio address, General Velasco virtually foreclosed any possibility of a negotiated settlement. In an obvious bid to win the support of other nationalist army officers and businessmen, Velasco asserted that I.P.C. owes Peru $690.5 million for all the oil that it has pumped from Peruvian soil. To recover at least a part of that sum, representing I.P.C.'s entire gross sales for the past 44 years, Velasco plans to auction off the company's properties within the next 40 days...
There stood French Minister of Culture André Malraux, all set to lay a block of rock from the Louvre in place as the cornerstone for the new $2.4 million Marc Chagall Memorial Museum in Nice. Beside him beamed Chagall. Then out of the crowd leaped a mustachioed, bald-headed fellow crying "A has Chagalir Splat! With unerring aim he squirted Malraux in the face with a syringe full of red paint. Cat-quick, Malraux grabbed the weapon and squirted the squirter back. "There are cranks everywhere," he shrugged as the flics took custody of the offender, a Riviera artist...
...boycott of spring training that is threatened by the Major League Baseball Players' Association if its pension-fund demands are not met. The players want to channel a fixed percentage of the leagues' income from TV contracts into their fund; the owners are offering a flat $5.1 million. Kuhn, who listed player relations among his National League duties, is a skilled negotiator. But it will take more than persuasion for baseball to keep pace with the speedy '70s. Not only does the organization of the major leagues need to be restructured, but the game itself must...
...swinger, is looking for a heaven less in the style of Playboy than the Saturday Evening Post. "You know," says Hef wistfully, "in the next ten years I would rather meet a girl and fall in love and have her fall in love with me than make another hundred million dollars." He really means it, or thinks he does...