Word: rico
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...weeks the back-country jibaros (farmers) had planned for El Dia Dos (Jan. 2)-the great day when Puerto Rico would inaugurate its first elected governor. When the day came this week, 150,000 islanders turned out to cheer for Governor Luis Mufioz Marin in the biggest celebration of San Juan's 455-year history...
John P. Augelli 3G, finishing up work for his Harvard doctorate now, held a temporary appointment in the University of Puerto Rico last spring and summer. He has been invited to return to the island as an assistant professor when he completes his degree requirements...
Politician Muñoz tells his jibaros that the island's troubles are a problem in multiplication. Since 1899, Puerto Rico's population (now 2,200,000) has more than doubled. At present rates, it will rise another 36% by 1965. The island's sugar-based economy gives it an increasingly unfavorable trade balance with the U.S. (last year's: $140 million). U.S. expenditures for relief and public works have made Puerto Rico a vast and continuing WPA project...
...built the world's largest tax-financed project of individual houses (TIME, Aug. 23), started an $11 million hospital program, raised the percentage of the island's children in school from 49 to 58. But his chief tool for improvement is the Puerto Rico Industrial Development Co. Under the driving management of 38-year-old, Barcelona-born Teodoro ("Teddy") Moscoso Jr., PRIDC is plugging the island's advantages in openhanded tax concessions, cheap (as low as 15?-an-hour minimum) labor, and plentiful, government-owned electric power. Moscoso's salesmanship has already brought 42 new industries...
...Move. Muñoz hopes that PRIDC's program will make some 300,000 new industrial jobs by 1960. He also hopes to double the number of Puerto Ricans (5,000 in 1948) who go to the U.S. as migratory farm workers. Even that will not eliminate Puerto Rico's chronic labor surplus. For that, Muñoz has only one remedy: orderly but large-scale emigration. One movement he wants to discourage at all costs is the sort of undirected emigration that last year added 28,000 unwanted Puerto Ricans to the slums of Manhattan, Chicago, Gary...