Word: panama
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Dates: during 1960-1969
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There are three candidates for the post: Galo Plaza Lasso of Ecuador, supported by the big three, Marcos Falcon Briceno of Venezuela, and Eduardo Ritter Aislan of Panama. Ritter is the man causing all the trouble. There have been four ballots since November 17, and Ritter is ahead with 10 votes to Plaza's six and Falcon's five. It is a virtual deadlock--Ritter is two short of a majority--and the OAS has given up for the moment to let tempers cool. It will try again in January...
...forces are building roads, schools and hospitals in the long-neglected interior, stringing up lights and communication lines and bringing the peasant into the 20th century. To train the armed forces in both civic action and anti-guerrilla warfare, the U.S. has set up a counterinsurgency school in the Panama Canal Zone that has al ready turned out more than 1,000 graduates. The U.S. also sends advisers into the various countries to help. The Bolivian Rangers who captured Che were, in fact, trained by U.S. instructors...
...idea of selling mutual-fund shares to overseas G.I.s in the 1950s, soon started selling door to door to Europeans. Another successful item that he started peddling in 1962 was the Fund of Funds, consisting of shares of other mutual funds. Paying few taxes, Cornfeld's Panama-chartered I.O.S. employs 10,000 salesmen in over 100 countries, has expanded into a $250 million-a-year empire controlling 88 other enterprises in everything from banking to real estate...
From a technical point of view, the Queens' successor will be a more sophisticated lady. The ship' is 13 ft. narrower and draws 7 ft. less water, which means that, unlike them, it can transit the Panama and Suez canals and call at ports they had difficulty entering...
...Panama has never been celebrated for its horseflesh, and boasts only one race track in the whole country. What it does have is an abundance of tough, transistorized youngsters who grab at racing as one good way to leave Panama and see the U.S. in style. Jorge Velasquez was 15 and eking out a living on a farm when he managed to get a job as an exercise boy at Panama City's track. Standing 5 ft. 3 in. and strong as a bull, he got his first mount in 1963, when...