Word: rico
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Dates: during 1970-1979
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Flimflam Man. Irving held firm on the rest of his story: how he had gathered the manuscript in more than 100 hours of clandestine meetings with the real Hughes in hideaways in the Bahamas, Puerto Rico, Florida, Mexico and California. Yet the edges were fraying. At one point, during the nighttime interview, he replied to a question: "Yes, I could have been dealing with an impostor [for Hughes]. It might have been a flimflam man." Then he veered back: the man he had met for all those hours could only have been Hughes. Finally, exhausted and suffering from a case...
...comprehensive perjury charges, for his account is remarkably explicit. He and Hughes first met by prearrangement, says Irving, in Oaxaca, Mexico, on Feb. 13. By Irving's account, the meetings continued over the next ten months, in automobiles and motel and hotel rooms in San Juan, Puerto Rico; Nassau; Beverly Hills and Palm Springs, Calif.; Key Biscayne and Pompano Beach, Fla.; and somewhere near Miami...
...little more than two decades, Puerto Rico has lifted itself from a sleepy agricultural backwater to a modern state brisk with industry, commerce and tourism. Much of the reason for this transformation lies in the historic economic program "Operation Bootstrap," which provided large tax incentives to lure development capital to the island. For all the progress, however, living conditions for many Puerto Ricans remain poor...
...approved by the island's legislature, as expected, the program (called Commonwealth Co-Investment Plan) would work this way: a body known as the Proprietary Fund for the Progress of Puerto Rico would be started and managed by six directors, three appointed by the governor and three voted in by shareholders. The fund would raise money by borrowing from banks and other financial institutions, selling securities and getting government grants. This capital would be used to develop new Puerto Rican ventures or expand existing ones...
...those who hold jobs would be eligible for the program. Thus participation would be denied to the neediest citizens, and there are a lot of them; the island's jobless rate is about 12%. Still Ferre's recommendation is a bold call for action in meeting Puerto Rico's social and economic needs...