Word: rico
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...lines will meet and cross on a graph in Puerto Rico this week, and thereby touch off a great celebration. The crossed lines mean that, for the first time in history, manufacturing has edged ahead of farming as Puerto Rico's major source of income...
...Heading the list is a $2,000,000 General Electric plant to make circuit breakers; other factories will produce such goods as coils, rubber buckets, screen wire, photolithography, saber saws, frozen foods, billfolds, brassières. The openings will bring to 400 the total of plants drawn to Puerto Rico by its famed Operation Bootstrap...
...Puerto Rico's self-help plan is a smashing success, there for any eye to see. San Juan's big, handsome new airport at Isla Verde, built for $15 million, makes most mainland terminals look shabby. An impressive low-cost housing program in San Juan has built 20,000 units. Private building has kept pace. Television antennas forest the roofs of the dwindling slums, and Governor Luis MunÕz Marin this week inaugurates an island-wide TV hookup. Wide boulevards and superhighways stretch out from the capital...
...from Desperation. But not just any eye can measure the whole force of Puerto Rico's tug at its bootstrap. The full change dates from the '303, when the economy revolved around the apathetic peasant sugar-cane cutter, and when industry-even rum-making-hardly existed. In 1940, Puerto Rico resolved that it was going to transform itself. Industrialization became a major goal. As a starter, the government bought out mossback electric companies, built dams, strung transmission lines, and thus provided the electricity that powers today's boom. But the most astute stroke was the 1942 creation...
American Farm Bureau Federation, Chicago. The solid, conservative giant of U.S. farm organizations, with membership representing 1,623,000 farm families in 48 states and Puerto Rico, heavily concentrated in the corn belt states of Iowa, Illinois and Indiana (the Farm Bureau is sometimes facetiously called "The American Corn Bureau"). President: roughhewn, painfully serious Charles B. Shuman, 49, an Illinois stock and grain farmer, and a teetotaling Methodist Sunday school teacher. The American Farm Bureau grew out of the agricultural recession after World War I, aligned itself with the relatively low stopgap subsidy policies of the Roosevelt Administration...