Word: peronism
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Some of the U.S. representatives, not quite convinced that Peron really means what he says about welcoming U.S. capital, are still waiting a bit longer before finally committing themselves. Others, hoping for special arrangements giving them more favorable annual profit-remittance rates than the recently enacted 8% limit, are so far hesitant to close deals. But some have already struck their bargains. One major chemical firm has signed an agreement to put from $20 to $30 million into Argentine mining and chemical enterprises. Standard Railway Equipment Manufacturing Co. has signed with an Argentine firm to put up a $20 million...
Throughout the reign of Juan Peron, the 6,000,000-member General Confederation of Labor (C.G.T.) has been his chief prop in power. Last week, apparently convinced that the C.G.T. has grown too big for efficient palace control, Peron openly backed a labor split in favor of a new rival union federation...
...staff of ten Education Ministry employees three months ago, has since signed up some 40 professional associations (including astronomers, accountants, librarians, lawyers). Its goal is to corral 1,250,000 members-or virtually all of Argentina's white-collar workers. In a blunt speech to C.G.T. leaders, Peron warned that they must accept the new federation, and that there will be no wage increases when contracts expire next March. By dividing labor. Peron apparently hopes to hold out against union demands that would set off a new inflationary spiral in Argentina...
...Before the month is out, Peron may declare an amnesty, free 120 political prisoners and let 300 exiles come home...
Argentina received Cabot's speech with rejoicing. At the annual Loyalty Day demonstration in Buenos Aires' Plaza de Mayo, often a blow-off of anti-U.S. oratory, Peron said last week: "I should like to exalt the great personality of General Eisenhower, who with a magnificent gesture of friendship sent his brother* to unify and solidify the bonds of our peoples. I am the happiest of men at this result." In a front-page editorial entitled