Word: mirandas
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Dates: during 1940-1949
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...their fancy offices down the street from Argentina's Government Palace, the editors of the great La Prensa sniffed red-hot news. In a single day last week three stocks in which Economic Czar Miguel Miranda was known to have large holdings had plunged 20 to 40 points on the Buenos Aires exchange. La Prensa's best reporters were sent out to find...
Next morning, La Prensa broke one of the biggest stories in months: Economic Czar Miguel Miranda was out of office, his National Economic Council was to be abolished, and his one-man dictatorial setup supplanted by a whole new financial team. That night decrees from Government Palace confirmed La Prensa's story in almost every detail...
...Send me cigars-they are my food," Finnish Composer Jean Sibelius had said. This week, U.S. admirers had sent him 83 boxes of cigars (plus two humidors) for his 83rd birthday. Among the donors: Tallulah Bankhead, Mrs. Cornelius Vanderbilt, Carmen Miranda, Thomas J. Watson, Sergei Koussevitzky, Marian Anderson, Lawrence Tibbett. Said a spokesman for the National Arts Foundation, which is handling the collection: "We intend to keep Sibelius in cigars for life...
...Central Bank last week, importers and exporters found it almost impossible to learn where the country stood on the foreign exchange transactions, and no wonder. The bank had no head. Bank President Orlando Maroglio, outspoken foe of Miranda's high-price policies, had finally given up his fight with the economic czar (TIME, Oct.11), and resigned...
...token of victory over Maroglio, bumbling Czar Miranda immediately announced a new economic policy. The nub of it: forget about dollars. Said he: "To try to get more dollars out of the U.S. is merely a waste of time." What Argentina should do, he told a meeting of provincial finance ministers, was to buy outside the dollar circuit, as it was already doing in the case of newsprint (from Finland) and of oil (from the sterling area). As for the U.S., it was buying Argentine products at the rate of $200 million a year; henceforth Argentina would limit its buying...