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...Peruvians demanded a new deal. As the argument raged on, the Peruvians finally agreed to put the matter to international arbitration before a Swiss judge. But the case never got to court. In 1922, after considerable pressure from Britain, the Peruvian government agreed that London & Pacific actually owned both surface and subsoil rights to the entire 416,140 acres; in return Peru got a company promise to pay at least nominal taxes. Crying duress, Peru's outraged Congress refused to ratify the agreement...

Author: /time Magazine | Title: Peru: Canceling the Oil Concession | 11/8/1963 | See Source »

...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...

Author: /time Magazine | Title: Peru: Canceling the Oil Concession | 11/8/1963 | See Source »

...prove his aggressive masculinity by a compelling phenomenon called machismo. In its simplest form, machismo is the gaudy bravado of the bullfighter, the outdoor he-manliness of the gaucho, the straightforward heterosexuality of the playboy. "The kind of man that men follow and women chase" is how one Peruvian woman defines it. But the trait goes farther than simple male ego. It turns arguments into blood feuds, business dealings into tests of strength, and heroic revolutionaries into ruthless tyrants. Says the Mexican poet Octavio Paz: "One word sums up the aggressiveness, insensitivity, invulnerability and other attributes of the macho: power...

Author: /time Magazine | Title: The Americas: The High Cost of Manliness | 9/6/1963 | See Source »

...Australian, Belgian, Greek, Italian, Peruvian and Spanish ambassadors to the U.S. were among the 800 or so guests attending Newport's top summer spectacular: the debut of winsome Janet Jennings Auchincloss, 18, daughter of Investment Broker Hugh D. Auchincloss and half sister of Jacqueline Kennedy (who sent a bouquet, insisted the party go on despite her own recent tragedy). The Auchincloss estate, Hammersmith Farm, was done up in Venetian style, with colored lanterns, a pink marquee on the lawn overlooking Narragansett Bay, Meyer Davis' orchestra in gondolier garb, gondolier hats for the young men and golden masks...

Author: /time Magazine | Title: People: Aug. 23, 1963 | 8/23/1963 | See Source »

...World civilizations were once considered juvenile compared with the ancient cultures of the Old World, but recent discoveries are changing this view. On the dry Peruvian coast 40 miles south of Lima, French Archaeologist Frederic Engel of Lima's La Molina University is excavating a primitive agricultural village that was apparently going strong 6,000 years ago. Though this is later than the appearance of the first forms of agriculture in the Middle East, about 9,000 years ago, it is still a respectable...

Author: /time Magazine | Title: Archaeology: The Lima Bean People of 6,000 Years Ago | 8/2/1963 | See Source »

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