Word: peruvian
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...deals with an ancient civilization, a mountainous area over 4,000 miles long, a struggling country and a remarkable Latin American politician who hasn't been involved in any coups lately. The story of Peru's President Belaunde (whom Artist Safran portrays against a backdrop of the Peruvian coat of arms) is one of leadership in a positive revolution...
Last week a Texas delegation headed by Edward Marcus of Dallas' Neiman-Marcus department store returned from Lima, where the Texans investigated joint-venture possibilities with Peruvian businessmen. And a group of New Jersey civic leaders is just back from a visit to Brazil's underdeveloped north east state of Alagoas, looking for ways to help Brazilians help themselves. In one village the North Americans promised assistance for ten self-help projects, starting with a powerful pump for an irrigation well. Arthur Byrnes, assistant Alianza director for Brazil, explains: "This program is small in terms of dollars...
...needs unless he makes a fair settlement soon. In private negotiations, he has proposed a deal that would give Peru the oil lands but allow the company to stay with a profitable operating contract-a compromise under which he would risk damage to his image as a champion of Peruvian nationalism...
Less than 15 years ago, a couple of Peruvian entrepreneurs started seining the waters off the coast of Peru for anchovy, a tiny fish that, processed in different ways, can be tasty as an hors d'oeuvre or can make wonderful livestock food. By last year, fish meal was Peru's biggest single industry, bringing in $116 million in export earnings (TIME, May 8). Last week the U.N.'s Food and Agriculture Organization announced that because of the anchovy, Peru is now kingfish of the entire world's fishing business. Of the record 46.4 million tons...
...belief that it was just an other U.S. giveaway project. "It seemed well-meaning," as one top Latino puts it, "but rather Utopian and probably futile." Now, at last, that view seems to have changed. Last week, as diplomats and economists from a score of nations gathered in the Peruvian capi tal of Lima for the third annual full-dress review of the Alianza, there was encouraging evidence that most Latin American nations now accept its goals and are working to achieve them. Said Colombia's Carlos Sanzde Santamaria, astute chairman of the Alianza's key planning committee...