Word: pinedo
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Dates: during 1940-1949
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Such was the glittering surface. Beneath, the country crawled with rumors of many-hued discontent. In a wave of repression, police last week arrested conservative former Finance Minister Federico Pinedo, other prominent citizens, scores of so-called "Communists." Soldiers invaded the great Grafa textile mill, seized 500 men & women workers, let most of them go after a warning. Some Argentines thought that the militarists were heading off a popular demonstration planned for May 25, National Independence Day. But the Government gave no explanation. The surface of Argentine life went brightly smooth again...
...brilliant, impatient Finance Minister Federico Pinedo, who has a plan for the long-term refinancing of Argentine industry by the Central Bank of Argentina and the Government. Most Conservatives are against the Pinedo Plan because they fear its provision empowering the Government to mobilize private bank funds. Radicals are against it because they believe that Pinedo, an ambitious Conservative politician, wants to use it to ride into the Presidency in 1944. Nevertheless, with some difficulty and some pruning, Finance Minister Pinedo pushed his plan through the Conservative-dominated Senate. To get it through the Chamber of Deputies, which...
Fortnight ago he flew to Mar del Plata and offered to Radical Leader Marcelo T. de Alvear, who was vacationing there, a political truce. Under this new Pinedo plan the chiefs of the two political camps, Radicales and Conservadores, would choose common candidates for the principal offices to be filled in provincial elections this year. For minor offices each camp would run its own candidates. While wily Marcelo de Alvear kept mum, Pinedo let the deal out of the bag and the press and Juan Pueblo waxed indignant...
...Juan and the press it seemed that the Conservatives' answer to the Radicals' accusation of election frauds (TIME, Jan. 6) was to invite the Radicals in on the fraud. Some said that Pinedo was impelled by an ultimatum from Washington: no political stability, no more loans. Buenos Aires' great La Prensa boomed that the fraud was directed from the President's Pink House. The English-language Standard and the evening Noticias Gráficas called for Pinedo's resignation...
...resignation was a confession of defeat or a maneuver to pose as a martyred patriot. Castillo blamed the Radicals for refusing to make peace, threatened to dissolve Congress and rule by duodécimo.* The Radical Chamber of Deputies cracked back by refusing to vote on the budget, the Pinedo Plan or anything else until the election frauds were investigated. Angry shouts of "Buffoon!," "Coward!," "Show-off!" filled the Chamber...