Word: oils
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Dates: during 1940-1949
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...investment in Latin America totals about $3 billion,* the annual return $400 million. Favorite U.S. investment area: Cuba with $590 million (sugar); Argentina, $497 million (meat packing); Mexico, $422 million (mining); Venezuela, $399 million (oil); Chile, $388 million (copper, nitrates), and Brazil with $334 million (public utilities). Nicaragua, with only $4 million, comes last...
...exported profits, and Argentina allows no dollars to leave unless matched by newly invested dollars. In every republic except Venezuela remittances are subject to costly exchange-control delays. In Socialist-run Venezuela, which currently offers the best Latin American climate for new private enterprise, U.S. oil companies plan to invest $300 million in the next two years...
...learn how Madonnas were done. The experience left his Protestant nature cold; he preferred the brawling uncertainties of the North, and the moralizing surrealism of his Flemish forerunner, Hieronymus Bosch (TIME, Sept. 15). Before he died in 1569, Bruegel was to paint a series of complicated masterpieces in oil, but he got his start working from and for the market place, selling his engravings cheap. His horny-handed customers were bound to appreciate pictured proverbs like The Hay Runs After the Horse (symbolizing girls who chase boys...
...backfield men made off with the only girls who interested him. When at last he got a girl of his own, he fell as much in love with her secure family life as with her. Hoping to get married, he threw over medicine and took a job driving an oil truck. He lost direction again when he lost the girl; and, with nothing better to do, began putting himself through the University of California by waiting on table...
...inflation. But Charlie Wilson, by showing the way it could be done, had made an open and trenchant appeal to business for a price cut, to labor to stand on its wage-side. Unless G.E.'s example were followed by other key industries (e.g., steel, motors, oil), Charlie Wilson's gesture would remain a gesture...