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...kind of man that men follow and women chase" is how one Peruvian woman defines it. But the trait goes farther than simple male ego. It turns arguments into blood feuds, business dealings into tests of strength, and heroic revolutionaries into ruthless tyrants. Says the Mexican poet Octavio Paz: "One word sums up the aggressiveness, insensitivity, invulnerability and other attributes of the macho: power. It is force without discipline or any notion of order; arbitrary power, the will without reins and without a set course...

Author: /time Magazine | Title: The Americas: The High Cost of Manliness | 9/6/1963 | See Source »

...channeled most of its economic aid to Bolivia into agricultural development because the Administration was reluctant to aid nationalized mines, and wanted to see the Bolivian economy diversified. Under the Kennedy Administration, the policy of no aid to tin mining has been abandoned. U.S. Ambassador Ben Stephansky persuaded President Paz to adopt a program calling for a 65% increase in Bolivian tin production by 1967. To obtain funds for modernizing the mines, Comibol entered into a three-cornered aid pact, called "Operation Triangular," with the U.S., the Inter-American Development Bank and West Germany. In return for $38 million...

Author: /time Magazine | Title: Bolivia: Solvency & Self-Respect | 8/16/1963 | See Source »

Operation Triangular. Bolivia's President Victor Paz Estenssoro may have been less surprised than many of his countrymen. He is a cautious man who refrains from making important moves until he feels sure the odds are with...

Author: /time Magazine | Title: Bolivia: Solvency & Self-Respect | 8/16/1963 | See Source »

...Paz Estenssoro's goal is to make the tin mines profitable again by modernizing equipment and de-featherbedding payrolls. If he succeeds, that will be an important victory for him and for Bolivia. Before Bolivia's 1952 revolution, led by Paz Estenssoro, the tin mines produced the ore equivalent of about 30,000 tons of tin a year, accounted for the greater part of the nation's foreign exchange. Within a few years after the triumphant revolution nationalized the mines, production and efficiency sank to the point where the mines ceased to be profitable. In recent years...

Author: /time Magazine | Title: Bolivia: Solvency & Self-Respect | 8/16/1963 | See Source »

Point of Definition. Catavi, the country's largest single tin-mine complex, seemed a good place to start. It accounted for 30% of Comibol's operating losses, and half of its 7,000 employees were superfluous. "Be firm, don't weaken," Paz Estenssoro said to Comibol's President Guillermo Bedregal...

Author: /time Magazine | Title: Bolivia: Solvency & Self-Respect | 8/16/1963 | See Source »

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