Word: peso
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Dates: during 1950-1959
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...equipment for the President's grandiose five-year industrialization plan. On top of that, IAPI, the state trading agency, demanded such extortionate prices for Argentine products that the country lost a large part of its foreign market. Grafting and fumbling bureaucrats came close to wrecking the economy. The peso sank lower & lower. The cost of living mounted. Perón, who had once shouted: "I would cut off my hand before accepting a loan!" sent envoys to the U.S. early in 1950 to wangle a $125 million credit on admittedly tough terms...
...ministers, governors and Congressmen, patches up party squabbles, runs her own Peronista women's party (a potential 4,000,000 new votes), bosses the C.G.T., receives workers' delegations, inaugurates public institutions, and-three times a week at the Labor Ministry-dishes out sympathy, advice and loo-peso notes to the poor...
...good people, it turns out, are Consuela the medium, kind of heart and willing to make a fast peso; Rufo the metalworker, who dares to be loyal to Juan and brave before the Falange; and Lucia, Juan's flancee, who is the only one Don Antolin can feel affection...
Back to the Black. Knowing most Cuban industrialists by their first names, and aware almost to the peso of what they should be paying, Bosch upped income-tax collections from $6 to $25 million, business-profit tax revenues from $20 to $45 million. Members of Carlos Prio's own family paid up back taxes. The President himself told the story of an industrialist who went to the Treasury to try to get off paying $18,000 in profit taxes, wound up paying $120,000, then "went around telling everyone that at last there was a man in Treasury...
With crops in good shape and the peso at its perkiest in years, Mexico was in fiesta mood for President Miguel Alemán's fourth annual state-of-the-nation message last week. As the President rode to the Chamber of Deputies at the head of a 50-limousine caravan, office girls showered him with red, green and white confetti. When Alemán entered the Chamber, 50 men from the musicians' union rose and thundered the national anthem. Outside, thousands of Mexicans saw and heard their President speak over hundreds of television sets installed in cantinas...