Word: panama
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Dates: during 1960-1969
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...recent times, only eight of the world's 120 currencies (those of the U.S., Cuba, Ethiopia, Haiti, Honduras, Liberia, Panama and El Salvador) have survived the 23 years since the end of World War II without a formal devaluation, according to Manhattan Currency Expert Franz Pick. Since Jan. 1, 1949, Chile has devalued 46 times, Brazil 32, Uruguay 18, South Korea 17. The U.S.S.R. has sliced the value of its ruble three times since World War II - not because of external pressures but to reduce domestic purchasing power...
...President of Panama was impeached last week. The charge: that he violated a constitutional provision that prohibits the President from giving "direct or indirect official aid to a candidate." President Marco Aurelio Robles, 62, who cannot succeed himself by law and thus is not running in the May 12 presidential elections, was charged with aiding Finance Minister David Samudio, 57. Robles was accused of allowing his press office to release an official announcement of support, attending a fund-raising banquet for Samudio and writing a letter recommending Samudio's presidential candidacy to his Liberal Party directorate. Since the coalition...
Elsewhere in the world, the Army has five divisions (232,000 men) in Europe, two (50,000 men) in troubled South Korea. Alaska (10,000) and Panama (5,000) are the only other sizable Army commitments; the Marines also maintain an amphibious brigade of 3,000 men in Okinawa that in effect provides reserves for Viet Nam. On that bloody ground, the Army currently has 333,000 men, the Marines 83,000. Clearly, any further thinning of force strengths across the world would leave the U.S. open to possible Communist flanking thrusts-which helps to explain Lyndon Johnson...
Prestige & Necessity. To build Tarbela's 9,000-ft.-long, 470-ft-high main embankment, nearly as much earth will have to be shifted as was excavated for the Panama Canal. Four half-mile-long tunnels, each 45 ft. in diameter, must be dug through the rock of surrounding mountains to bring water into the electric generators and irrigation releases. Eventually a 50-mile reservoir will form behind the dam to provide water for crops during West Pakistan's long dry season. So much silt does the Indus carry-twice as much as the Nile at flood season...
...trouble began when U.S. Ambassador Sol M. Linowitz openly announced that the U.S. supported Plaza, confident that Plaza had the votes wrapped up in the OAS Council. Seeing a good issue, Panama's Ambassador Eduardo Ritter Aislan immediately lashed out at Yanqui pressure, rallied support for his own candidacy and on the first ballot managed to prevent Plaza from getting the 15-vote majority that he needed for election. When the voting was still deadlocked after three more ballots, the Council declared an eleven-week "cooling-off" period. In the end, Ritter defeated himself by calling a special session...