Word: nicaragua
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Dates: during 1960-1969
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Died. Luis Somoza, 44, President of Nicaragua from 1957 to 1963, elder of Strongman Anastasio ("Tacho") Somoza's two sons, who with his brother "Tachito" continued the more or less benevolent dictatorship established by their father in 1937, espousing a policy of diligent economic progress coupled with blunt anti-Communism in foreign affairs; after a heart attack; in Managua...
...conquest, politics and business, Nicaragua for centuries has attracted the cheekiest and boldest of adventurers. Few have been cheekier, few bolder than the Somoza family, which for 31 years has, in one way or another, ruled Nicaragua. Last week, on the eve of an election that promised to install as President a third Somoza, chubby ex-General Anastasio ("Tachito") Somoza Jr., 41, the opposition tried its best to trigger a coup d'etat. The result was riot and death for Nicaraguans and a narrow escape for a handful of foreigners...
...that he still intended to run in the election, scheduled for next week. Against the Fabric. Aguero is up against more than a mere dictatorship; the Somozas are part of the country's basic fabric. When General Anastasio Somoza Sr. seized power in 1936 and launched his dynasty, Nicaragua was a typical down-at-the-peels banana republic. Though he dealt ruthlessly with critics, sometimes having them tortured, the general organized a social-security system and a labor code, built Central America's best road and hospital systems and brought the country its first real economic and political...
...Somoza fortune in Nicaragua is estimated to total some $100 million. The Somozas hold majority interests in the national airline, the steamship company, the gold mines, a steel-fabricating plant and the main port complex; they own cattle ranches, cotton warehouses and thousands of acres of real estate. They have neutralized most of their potential opponents by creating a system in which they have allowed even their opposition to grow rich on the prosperity-but not to share the power. So strong is the Somoza power and confidence, in fact, that the current Anastasio-who is ready to switch from...
...Amman, Bali, Bangkok, Djakarta, Monrovia and Dacca. The formula-an oasis in the ham-and-egg-less desert-has proved so successful that last week workmen were busy with major expansions of six InterContinental hotels. Completely new additions to the chain were rising at Lahore and Rawalpindi in Pakistan, Nicaragua's Managua, and Auckland, N.Z. This month the company will break ground in Manila, and architects are drafting plans for hotels in Victoria Falls and Lusaka in Zambia, and Nairobi, Kenya. Inter-Continental is even represented behind the Iron Curtain with Zagreb's Esplanade, and emissaries are dickering...