Word: panamanian
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Dates: during 1960-1969
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During a weekend jaunt to Mexico City for the annual running of the "Caribbean Classic," Panama's strongman, General Omar Torrijos, ran into a stretch of bad luck. First, the general, who seized power in a coup 14 months ago, lost a bundle on a Panamanian nag that had the nerve to finish fifth in a field of twelve. Then, back in Panama City, a couple of colonels tried to make it a daily double by turning him out of office in a countercoup. The result, within 48 fast-moving hours, was a counter-countercoup, something that not even...
Divorced. Manuel Ycaza, 31, tabasco-tempered Panamanian jockey, whose hell-for-leather racing style has won more than $19 million in purses since 1957; by Linda Bement Ycaza, 27, Miss Universe of 1960; after seven years of marriage, two children; in Mineola...
...thousands of fist-waving American students cheered as the flag of their country was lowered on Constitution Avenue. A similar American flag-lowering incident by Panamanian students in January, 1964, produced an international crisis. Now, the students cheered as the NLF flag was raised on the flagpole. Many in the crowd eyed the machine gun nests atop the Justice Department warily, hoping that the guns wouldn't he used on them as they had been on Panamanian and Dominican students in the past...
Operating subsidies are essentially designed to keep fares on U.S. liners competitive with Greek, Panamanian and other foreign-flag ships by offsetting the wage differential between U.S. and foreign seamen. The rationale has been that U.S. citizens sailing on American ships help narrow the balance of payments deficit by spending their ticket money with domestic instead of foreign companies. It is doubtful, however, that the balance of payments gains are worth spending so much taxpayers' money in the form of subsidies...
...biggest spenders in the world's shipyards. More than 200 vessels, including 43 supertankers, are on order or being built for Greek owners. The Greeks set up shop wherever they can do business, in London, Manhattan, Lausanne or Beirut. They fly the most convenient flag -Liberian, Panamanian, Cypriot-but they remain Greek wherever they go. Their enterprise has been a major force in lifting the postwar economies of shipbuilding nations. In British shipyards alone, the Greeks now account for 25% of all orders...