Word: peronizing
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Tempted by Juan Peron's new friendliness, two major U.S. businessmen tested the waters of Argentine investment last week and seemed quite ready and willing to wade...
Atlas Corp.'s Floyd Odlum was in Buenos Aires for the second time. On his first trip, in June, he had proposed only to produce crude oil at Neuquen, 600 miles southwest of Buenos Aires and to build a pipeline to get it out (TIME, June 14). Peron approved, but nationalistic politicians and army officers raised the old cry of foreign exploitation. Odium countered by dressing up his deal with a plan that combines the oil project, an investment company that would put the blocked pesos of U.S. companies to work and-most glitteringly-atomic energy. Under this proposal...
...earlier, five transport planes sent by Juan Peron had cleared the Argentine embassy of its 120 refugees, among them Carlos Manuel Pellecer, who under Arbenz had captured the land-reform program for the Communists, and Victor Manuel Gutierrez, who had captured labor. Together with Jose Manuel Fortuny, Arbenz' own mentor in Marxism, who went to Mexico in the Arbenz plane, the Communists are expected to meet soon in Prague, where explanations presumably will be in order...
...Buenos Aires to take part in a sports festival honoring Argentina's President Juan Peron: onetime World's Heavyweight Champion Jack Dempsey...
FLOYD ODLUM, who just completed an oil deal with the Argentine government of Juan Peron, is now discussing the formation of a new holding and investment company, Atlas Corp., Argentina, to push Argentine industrial development. U.S. companies' pesos frozen in Argentina would be used as operating capital at the start, and the stock would be listed on the New York Stock Exchange so that U.S. investors could buy in later...