Word: moscoso
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Dates: during 1950-1959
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...TEODORO MOSCOSO Administrator...
...hired expert U.S. economists to sit down with prospects, show them how high returns might run. It offered them ready-built plants at low rent, loans from the Fomento bank, cheap power from the efficient Water Resources Board, accurate statistics. Nor did Fomento wait for investors to come. Ted Moscoso can often be seen in Fomento's plush offices in the new Tishman Building on Manhattan's Fifth Avenue, striding down a corridor on his way for some "belly-to-belly selling" of a businessman interested in setting up a manufacturing plant in Puerto Rico. "We have learned...
...Moscoso retorts. Puerto Rico buys heavily beyond its own shores (mostly from the U.S.) and its purchases of goods and services top $800 million a year. It sells less, and its 1957 balance-of-payments deficit was $265 million. The deficit was redressed mostly by incoming capital, payments of $62.5 million to Puerto Rican veterans (who suffered heavy casualties in the Korean war), and money sent home by Puerto Ricans working in the U.S. Washington's grants-in-aid for such programs as health, housing and highways totaled $41 million (which is a bit more than islanders...
...international by hypothesis."* Moreover, the commonwealth concept is free to evolve, perhaps in the line of further shucking off of federal laws, or unlinking courts from the U.S. system. President Eisenhower long ago promised to recommend that Congress give Puerto Rico independence any time the islanders vote for it. Moscoso says Puerto Ricans sense their freedom because they "are in a room with the doors open...
...years ago than the poet in him came out. Was Puerto Rico turning materialist, losing its gracious leisure, abandoning its soul? Recalls a member of his staff: "He began talking about how industrialization was raising cities but destroying old values. He used to push a statue of Gandhi toward Moscoso while Moscoso was talking figures, rates, profits. One day Moscoso exploded: 'Stop shoving that statue at me! If I take it seriously, we will have no economic progress...