Word: rico
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...billion in foreign reserves and a booming economy. To help it along, Franco was persuaded to go on to an even more ambitious four-year development plan. At the heart of the plan are the seven development "poles" scattered throughout provincial Spain. Borrowing a page from Puerto Rico's successful Operation Bootstrap, Planning Minister Laureano López Rodó offers a five-year tax holiday, duty-free equipment imports, easy credit facilities and attractive plant sites to private industries willing to set up shop in these areas which are starving for capital...
Some labor-law experts would allow strikes by "nonessential" public employees, such as Government clerks, while retaining the strike ban for such essential employees as policemen, firemen and public-transit workers. Indeed, Puerto Rico permits that distinction in its commonwealth constitution. One potential effect, of course, is that strikes might eventually be banned for private "essential" employees, such as defense workers...
...being tested now on adult women in such clinics in New York City, he said, as well as in Egypt, India, and Puerto Rico...
...principal product of the Guayama refinery, however, will be 24,800 bbl. daily of motor fuel for U.S. East Coast markets, in which Phillips is expanding. Since all oil imports are under quota, a presidential proclamation was required to enable Phillips to ship oil products from Venezuela to Puerto Rico. Other oil companies will have to cut their import allotments to accommodate Phillips. Result: the two-year period in which the Interior Department studied the Phillips-Puerto Rican application produced a bitter oil-industry battle...
Competitors complained that Phillips got preferential treatment. They pointed to the fact that Puerto Rico, which was anxious to have Phillips, was represented by the Washington law firm of Supreme Court Justice Abe Fortas, a close friend of Lyndon Johnson's. Phillips' attorney, moreover, was former Interior Secretary Oscar L. Chapman. Despite the furor, Johnson finally approved the quota change last month after Puerto Rican officials pointed out that, among 12 oil companies, only Phillips had agreed to their joint venture and reinvestment requirements...