Word: reformations
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Dates: during 1960-1969
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...estimates of Communist influence in the rebel movement," then overreacted by sending in 20,000 troops. To make matters worse, the U.S. then took sides with Brigadier General Antonio Imbert's loyalist junta-"a corrupt and reactionary military oligarchy." Concluded Fulbright: "If we are automatically to oppose any reform movement that Communists adhere to, we are likely to end up opposing every reform movement, making ourselves the prisoners of reactionaries who wish to preserve the status...
...would question the argument that the U.S. should support reform and social revolution in Latin America, even if it is sometimes hard to separate the genuine reformers from the Communists. And there are still, as Fulbright says, Latin Americans who cry Communism to resist change. But the U.S. has found plenty of anti-Communists to back-anti-Communists who are also reformers. It wholeheartedly supports Chile's President Eduardo Frei, who beat a Marxist to win office. It has committed $119 million to help Peru's Fernando Belaúnde Terry wage a social revolution that will...
...story on monetary reform is shoddy treatment of the issues, with oversimplifications and inaccuracies and misrepresentations. As someone who deals daily with problems posed by deteriorating currencies, I find it notable that plans for reform avoid mention of the most fundamental one-monetary discipline...
Rewards & Burdens. A big question, of course, is just who would control any new currency. The U.S. would like any monetary reform to be in the hands of the IMF, in which its influence is dominant. France and its Continental allies want to work any reform through the Group of Ten's powerful industrial nations, in which the U.S. has membership but the Continentals collectively have the greatest voice. The Continentals would thus like to keep reform a club affair not involving the underdeveloped nations. Fowler indicated last week that the U.S. may be warming to the idea of reform...
...Roses. Cautious Joe Fowler favors evolutionary change, working through existing machinery rather than rushing to embrace radical ideas. "There are plenty of reform plans floating around," he says. "The problem is to find an acceptable one. I don't expect that my path will be strewn with roses." Negotiations toward any change will be hard, and agreement will be long in coming, but Fowler's trip to Europe has already heightened a new spirit of compromise and led to a general agreement among the money managers that