Word: petres
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Channel Flights. Loudon's visas add up to a record of accomplishment. In Venezuela, where he was once the Group's manager, he is credited with persuading the company to become one of the first (along with Créole Petróleum) to adopt the new fifty-fifty profit plan later adopted by the entire oil industry. In Iran, he helped head the international consortium in negotiations in 1954 after Premier Mossadegh nationalized the oil industry. Generally, Loudon prefers to leave most of the on-the-spot negotiating to local managers. Says he: "By comparison, they...
...Zhukov has reportedly retired from active military duty. Three weeks ago, in terms Communists recognized as portentous, Pravda published two front-page editorials warning that the party "cannot forget" the opposition of "Malenkov, Kaganovich, Molotov and Shepilov." At a Lenin birthday celebration, in Khrushchev's presence, Party Secretary Petr Pospelov attacked the fallen "antiparty group" by name for their "fierce resistance." Finally, Khrushchev himself joined vigorously and enthusiastically in the denunciations, and, in a speech on agriculture at Kiev, singled out Georgy Malenkov as "one of the main culprits" responsible as Stalin's right hand and successor...
...propaganda success of Brazil's outlawed Communist Party was the slogan O Petróleo é Nosso (The Oil Is Ours). Under that Communist-devised battlecry, Brazilian nationalists have blocked any foreign participation in the development of the nation's oil. A product of the-oil-is-ours nationalism was Brazil's 1953 law, which set up an oil monopoly, Petrobrás, and forbade ownership of shares by foreigners-or even Brazilians married to foreigners...
...cruel days of the end of February, we, progressive students, painfully aware of the fact that we were losing a part of our individual freedom, could not go with the right party students and call "Long live freedom" and, with the same breath, "Long live Petr Zenkl." We preferred to give up a part of our individual freedom to save the economic freedom for the whole nation. President Benes, with his utmost self-denial, showed us the way. We realized very well that every opponent of communism had to enlist, willy nilly, into the mercenary ranks of capitalism...
...criticism last fortnight of the Marshall Plan. But he was being consistent. The Marshall Plan, he fears, will be bad for Brazilian business as well as for Europe's Communists. His reasoning, as he laid it down to the Inter-American Council of Production and Commerce at Petrópolis: if Latin America must increase its exports of raw materials and foodstuffs to Europe by 30 to 50% in the next four years, as the plan calls for, another "war economy" will develop. Then workers will be drawn from industry into low-profit farming and mining; import...