Word: peronization
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Dates: during 1950-1959
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...Juan Peron has been like a generous rich uncle to the members of Buenos Aires' High-School Girls' Union. Since he first started teaching them to ride motorcycles at his presidential quinta in suburban Olivos last August, he has hardly let a day pass without some kindness. Recently he gave the union the rambling old presidential palace on downtown Calle Suipacha-unused since President Ramon Castillo's overthrow in 1943-for a clubhouse. To notable girl athletes he gives a standard present: a plastic vanity case with $36 inside...
...some of their happiest times, has been drastically rebuilt since Evita's death. Crews of workers added tennis and basketball courts, a swimming pool, open-air theater and riding stables. So that the high-school girls could go to the nearby river beach without crossing a busy street, Peron had a costly tunnel dug. Last week, with most of the alterations completed, President Peron turned the quinta over to the girls for a second clubhouse. "It's too big for a lone man like me," said...
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...
...banks, such firms as Caterpillar, International Harvester, Westinghouse, John Deere and Armco are discussing plans to put money into Argentine enterprises. Armco, Westinghouse, and McKee of Cleveland want to finish the $140 million steel mill the Argentines started at San Nicolas near Rosario. With the enthusiastic blessing of Peron, who now has to spend $500,000 a day of Argentina's dollar funds for foreign oil, representatives of U.S. oil companies have been discussing the future development of the country's underground resources. Argentine sources predict that if the oilmen decide to bring in their rigs, upwards...
...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...