Word: prado
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...pungent with the aroma of steaming black coffee. The sight of Cuban women in hip-hugging skirts and slacks is savored by Latin loungers on every streetcorner. Tickets for the bolita, an illegal lottery, are discreetly sold under the counter. The scene might well be Havana's Prado. But it is actually downtown Miami...
...Economics. Beltran came home to put the modern miracles of science to work on the family hacienda and to criticize governments from the pages of his daily La Prensa. His criticism of ex-Dictator Manuel Odria landed him in jail; his criticism of Odria's successor, President Manuel Prado, gave Prado an idea-he asked Beltran to help run the country...
Kennedy believed right, and Prado proved it almost every time he spoke. Unlike most of his fellow Latin American chief executives, who skirt the subject of Castro-Communist penetration of the hemisphere, Prado made no attempt to camouflage his feelings. He told a joint session of Congress that "Peru stands with you in the struggle against Communism in the world and in our hemisphere-whatever measures you may be required to take to combat it, you will find my country at your side...
...unusual chain of circumstances in Peru allows Prado to speak his mind. Like most Latin American Presidents, Prado is plagued with the kind of have v. have-not economics that could touch off Castro-style revolution. Prado himself is a member of the oligarchy (his father was President for two terms in the 19th century), that controls Peru through birth or wealth. He was re-elected President in 1956 only because he promised to restore legality to the outlawed, mass-based political party APRA. Once in office, Prado tried to develop the nation by switching on the currency presses...
...Prado is relatively secure today because of a fortunate stroke of politics; he named Beltrán as his Premier. Himself a conservative with the blood of conquistadores in his veins, Beltran stopped the money presses. He collected neglected taxes, trimmed excess bureaucracy, encouraged exports, curbed imports. The sol steadied, the balance of trade shifted to favorable, debts were paid. Progress is still slow, but enough projects for housing, road building and agrarian reform are taking shape to give Peruvians hope-and to warrant businesslike consideration of a Prado request last week for $29.6 million in emergency loans from Kennedy...