Word: rico
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Dates: during 1960-1969
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...Puerto Rico, say the experts, ranks third in the world after Britain and the U.S. in the way the national income is spread among all classes of people. This achievement owes much to Puerto Rico's celebrated Governor Muñoz Marin; it also owes much to a tough-minded young businessman named José Teodoro Moscoso, who was chosen to run Muñoz' Operation Bootstrap in 1942. The choice was a natural: in the ten years after he graduated from the University of Michigan, Ted Moscoso had accomplished much. He entered his family's wholesale...
...idea was to get U.S. industry to invest in Puerto Rico, an attitude far removed from the usual reformer's hostility to foreign capital. Moscoso was frankly ready to try anything. "If something doesn't work," he said, "to hell with it." Potential mainland investors got invitations to Puerto Rico, promises of a free hand for free enterprise. The government chipped in by relaxing tax rules, training the workers, sometimes even constructing the factory buildings. By 1961, 680 plants employing 50,700 Puerto Ricans were established on the island...
...Pasachoff '68, of Quincy House and New York City, will replace Grey Jones, the squash manager and Jeffrey L. Berenberg '63, of Quincy House and Chestnut Hill, Massachusetts, was chosen undergraduate manager in wrestling. He will replace Pete Schwartz. Paul S. Horvitz '64, of Hurlbut Hall and Santurce, Puerto Rico, will become varsity manager. The undergraduate manager for track, D. Roger Ferguson '62, of Dunster House and Syracuse, New York, will remain in his position and managers for the fencing team will be chosen next week...
...primary cause of the dropoff is political and psychological. In January, after his advisers reported increasing resistance from potential U.S. investors, Puerto Rico's Governor Luis Muñoz Marin showed up at a Manhattan hotel to give a pep talk on the Commonwealth's economic possibilities to 500 U.S. businessmen. When he finished, the first question was: "What about Castro?" Fearful that Castroism has high export value, many U.S. businessmen wonder if Cuba's nationalization of U.S. investment (totaling $1.5 billion) may be an augury of things to come across the hemisphere...
Tanned and rested after a vacation at Ramey Air Force Base in Puerto Rico, Olmstead and McKone said that they were ready for "any job the Air Force gives...