Word: rdoba
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Dates: during 1960-1969
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...ranking politician, Illia is considered pro-West in his approach to foreign relations and is known for his honesty and diligence at home. In his college days, he divided his time between medicine and politics, went on to become a provincial senator, vice governor of his home Córdoba province, and finally an oppositionist in Perón's Congress. In March 1962, he was elected governor of Córdoba province but lost his job when the elections were nullified...
Among U.S. investors in Latin America, Kaiser has long had an enviable record of readiness to make big commitments, willingness to take in local investors as partners, and consideration for local political sensitivities. But in Córdoba, Argentina, two weeks ago, when Kaiser reluctantly called a ten-day shutdown of its auto assembly lines in order to work off a prohibitively large backlog of unsold cars, hundreds of workers seized 50 supervisors, locked them in a paint shop, and held them hostage until local Kaiser Boss James McCloud agreed to keep the plant in operation...
Kaiser's trouble at Córdoba was symptomatic of what makes U.S. investors nervous about Latin America. Country after country is troubled by rampant inflation and other economic ills. But in dustry cannot pare its production or its heavily-featherbedded payrolls because left-leaning unions forbid it, and floundering local governments do not dare object because they need union support to stay in office. The result has been a radical cutback of investment in Latin America at a time when the Kennedy Administration urges an Alliance for Progress in the two continents. Where their net investment averaged...
Most of the inflation in Latin America results from the same thing that caused the incident at Córdoba: unwillingness to face economic realities. When the world wide glut of coffee, cocoa, copper and other commodities cut into their export earnings, too many Latin governments responded by printing more paper currency and borrowing heavily abroad. Latin America's rich have also contributed to the weakening of their nations' currencies and economies by prudently squirreling away huge sums-estimated at $10 billion to $15 billion-in Miami real estate, foreign securities and Swiss bank accounts. In Argentina alone...
...only one of every two San Manuel chicks survived; 49 of 50 chicks that Tomor is raising in a brooder have thrived. Now Tomor hopes to crossbreed good-laying Leghorns with the Rhode Island Reds that lay the brown eggs preferred by Chilean wives. Says Schoolmaster Sandoval Córdoba: "Do you believe what he has done in three weekends? It is the best thing that ever happened here. For the first time the people are beginning to work together as a community...