Word: rico
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...early 1940s, a U.S. Senate committee declared Puerto Rico's problems "unsolvable." The Caribbean island had a rapidly expanding population, few natural resources, hardly any industry, and chronic unemployment that sometimes ran to one-third of the labor force. In 1942, a rising young politician named Luis Munoz Marin organized a self-help program called Operation Bootstrap; a few years later, as Governor, he invited U.S. companies south, offering them political stability plus wide tax advantages and a vast reservoir of eager-to-learn labor. Ever since, Puerto Rico's economy has been one long, steady success story...
...first ten years tripled the island's gross national product to $1 billion; the next ten raised it to $2 billion. Last week, totting up the figures after 21 years of Munoz and Bootstrap, Puerto Rico's Economic Development Administration could report a breakthrough to a G.N.P. of $2.2 billion. Unemployment is down to 12.8%, and while the population grows by 2.4% each year, per capita income is now $740 annually -low by U.S. standards, but still the second highest in Latin America, surpassed only by oil-rich Venezuela. Things are so much better that migration of Puerto...
...total of 52 major U.S. firms have plants in Puerto Rico (see map). Last year alone, 160 new factories opened their doors, raising the island's total of "Bootstrap" plants to 1,030. G.E. is producing switches and circuit breakers. Sperry Rand is making electric shavers. Maidenform is making bras, and Brunswick, sporting goods. This summer Ford will open a $15 million precision ballbearing factory near San Juan. To keep the momentum going, Puerto Rico is stretching tax exemptions to 17 years in some cases, plans to build small manufacturing plants on its own, then find companies...
...tells stories of mutilation and decay. Human and animal forms writhe in agony, ravaged, burning, sometimes headless creatures caught, on canvas and in sculpture, in their final tortured moments. No artist since Goya has been more preoccupied with the portrayal of death than Rico Lebrun. To him, the exploration of mortality is a means of confrontation, and his expressions of "the fright of human flesh" are an attempt to come to terms with the fate of man. And these days, Lebrun is engaged in a private confrontation: at 63, he is suffering from cancer...
Sears has 755 retail stores (and 30 more abuilding) spread through every state, 1,065 catalogue outlets, 24 Simpsons-Sears stores across Canada, and 64 stores in Puerto Rico and Latin America. One U.S. family out of every three shops at Sears; it accounts for 6.2% of U.S. retail sales in the general lines of merchandise carried by the company, and its share of the home-appliance market ranges up to 25% of all the automatic washers and dryers sold in the U.S. Among Sears's 250,000 employees are 500 buyers, each of whom generally enters more orders...