Word: peruvians
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Dates: during 1960-1969
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Bleacher seats went for as much as 30 soles ($1.00) apiece, twice the regular rate and equivalent to a full day's pay for many a Peruvian laboring man. By game time, 50,000 fanatic soccer fans had crushed into Lima's National Stadium to howl for a home-team victory. Wild-eyed aficionados were already jubilant and confident...
Businessmen call it "the Peruvian miracle," and by all odds it is one of Latin America's brightest success stories. In 1950, imaginative Peruvian entrepreneurs started netting the immense schools of anchovy in coastal waters and processing the small silvery fish into fish meal, a high-protein poultry and livestock food. So rich was the harvest and so great the demand that plants went up all along the coast. Today, fish meal is the country's biggest industry, and Peru has risen from nowhere to No. 2 rank (behind Japan) among fishing nations...
This week a Peruvian congressional commission is expected to propose a series of emergency relief measures, including a moratorium on federal taxes. Even if the government exempted fish-meal processors from all taxes, their average $9-a-ton profit (v. an average ,$20 in 1963) would still not cover interest on the industry's $74 million debt...
...have won the Davis Cup so regularly (eleven out of the last 13 years) that nobody else remembers whether the silver monstrosity holds one magnum of champagne or two. The U.S. had not reached the Challenge Round since 1959, and the last time it won was in 1958-when Peruvian Alex Olmedo took the Pledge of Allegiance with his fingers crossed. But last week an American team finally took the cup home...
...Belaúnde prepared to take the matter to Congress, the U.S. State Department expressed hope of an amicable settlement "before the Peruvian Congress passes a law that the government of the U.S. does not consider satisfactory." But in the present Peruvian mood, chances are that Peru's Congress, having already revoked the I.P.C. concession, will now pass the second bill, putting it squarely up to I.P.C. to come to terms...