Word: pati
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Dates: during 1950-1959
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Died. Maria Isabella Patifio Goldsmith, 18, daughter of Bolivian Tin King Antenor Patiňio, whose runaway marriage in Scotland to British Hotel Heir James Goldsmith, 21, was a front-page tabloid sensation last winter (TIME, Jan. 18); after she collapsed in a Paris hotel with a cerebral hemorrhage, 24 hours later (prematurely) gave birth to a 4-lb.-9-oz. daughter, Isabel Marcelle Christine; in a hospital in suburban Neuilly...
Married. Christine Patiño y Borbón, 20, Bolivian tin heiress ($150 million); and Prince Marc de Beauvau Craon, 31, descendant of the 12th century Anjous of France, now a director of a French motor-scooter factory; in a sumptuous ceremony at the Church of St. Louis des Invalides witnessed by the Latin American diplomatic corps and most of Europe's titled, uncrowned heads; in Paris...
Bolivians are united behind his action as they have not been in years. They are generally convinced that 1) the companies were bigger than the state, 2) the companies were draining away resources without investing the profits in Bolivia, and 3) the tin barons themselves, particularly the heirs of Patiño, were living lives of luxury in the outer world while scorning their own country...
...million offered as indemnification by the government. They denounce the government's recently presented "bill" for $505 million in unaccounted-for foreign-exchange funds as a brazen pretext for outright confiscation. They have not accepted the government's invitation to negotiate indemnification which would include Patiño's U.S. minority stockholders. Their apparent strategy is to wait until the stoppage of tin sales-through unofficial world embargoes or through the U.S. Government's refusal to buy-brings the regime down...
...army was all but destroyed by the April revolution and, with the country behind him, Paz is probably safe against any rightist coup for a year or more. But what will happen when the Bolivian tin miners discover that working for the government is sadly like working for Patiño? When the Paz regime was organized, a diplomat observed: "There is a time bomb in that cabinet, and his name is Juan Lechin." Now Minister of Mines as well as boss of the tin miners' union. Lechin is the second most powerful man in Bolivia...