Word: nicaragua
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Dates: during 1960-1969
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Chet Huntley Reporting (NBC, 10:30-11 p.m.). A look at Nicaragua in the aftermath of the elections there...
...some 20 obsolescent B26. bombers, resurrected from U.S. Air Force storage by the CIA. The pilots were mostly Cuban exiles, but some were U.S. citizens (at least one U.S. pilot was killed during the invasion attempt). The bombers took off from a CIA-managed base at Puerto Cabezas, Nicaragua...
...years ago, in open imitation of Europe's Six, five nations of Central America-Honduras, Guatemala, El Salvador, Nicaragua and, later, Costa Rica-set up their own common market. But, unlike its European model, the Central American Common Market has poor economic soil to grow in: per capita income in its five member nations averages $200 a year, and heavy industry is almost nonexistent. Last week, at a meeting in El Salvador, the executive council of the Central American Common Market put into effect a curious plan to foster industrial growth. Henceforth, the five nations will select one company...
Named last week were the first two companies chosen for protection: GINSA, the General Tire Corp. subsidiary in Guatemala, and Nicaragua's Hercules Powder Co. insecticide plant. Both will be able to ship their products throughout the Central American market free of tariff and will enjoy the shelter of a high common tariff against competitive imports. Theoretically, there is nothing to prevent their foreign competitors from setting up plants in Central America, too, but such plants would not get the same tariff breaks. All this may well lead to rapid growth for GINSA and Hercules. But it may produce...
...loans: $50 million to Colombia and $4,000,000 to Panama for electric power, $18.5 million to Uruguay for highway development. From I.D.A.. in addition, came long-term loans of $8,000,000 to El Salvador and $350,000 to Haiti for highway construction. $3,000,000 to Nicaragua to expand the water system of the capital, Managua...