Word: panama
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Dates: during 1950-1959
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...Panama (pop. 880,000), after a couple of years of unprecedented stability under the lamented President José ("Chichi") Remón, is again providing notable political eruptions of its own (see below...
...morning, Panama's National Assembly met in its small, sweltering chamber and listened transfixed while a methodical clerk droned through long pages of sworn testimony. Most of the country's people, torn from sleep by the high drama, heard the evidence on their radios. When the clerk finished, Panamanians struggled to grasp an appalling accusation. According to the confessed triggerman, the highest plotter in last fortnight's race-track assassination of President Jose Antonio ("Chichi") Remón was none other than José Ramón Guizado, Remón's Vice President and legally...
...Work. In office, Chichi Remón had paid up the government's bills, enforced income-tax collections, outlawed the Communist Party, negotiated a favorable overhaul of treaty relations with the U.S. over the great canal that bisects Panama. Who wanted to assassinate him? If the Communists had engineered it, the job must have been carefully organized from outside; Panama's local Reds were not up to such a slick, professional gang-style killing...
...well as at the head of the National Guard. Arnulfo Arias, if he is freed, may seize the chance to whip up his followers for a new try at the presidency. Guard officers will have to recalculate their loyalties. Between political demagoguery and military ambition, the gloomy prospect for Panama is a return to the turmoil that, in the country's 51-year history, has let only five out of 28 Presidents finish their terms...
...first step-replacing eight ships at a cost of $65.8 million (TIME, Aug. 9). But each saw a farther horizon. The board wanted the whole fleet modernized while American President was more immediately interested in getting a Government subsidy for operating over Trade Route 17 (Atlantic Coast through the Panama Canal to Malaya and Indonesia). Finally a bargain was struck. If American President would agree to replace its entire fleet over a ten-year period, the Maritime Board would subsidize American President's operations on Route...