Word: sukarno
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Dates: during 1960-1969
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...Quinta do Vinagre: inside, 200 blue-liveried servants passed around flutes of champagne and a midnight snack of lobster salad. All night, the local Portuguese crowded to get a closer look at Gina Lollobrigida in a plunging pink ballgown, the Begum Aga Khan's colossal diamond necklace and Sukarno's ex-wife Ratna Sari Dewi in a tight red gown. Someone remembered that it was Henry Ford II's 51st birthday, and everyone sang "Happy Birthday, dear Henry," while he blew out the candles. It was 7 a.m. before Princess Irene of The Netherlands and Spain...
...foremost possibility was Indonesia's biggest vessel, the dilapidated, Soviet-built cruiser Irian, once referred to by wags as "Sukarno's floating cocktail lounge." Washington accepted the proposal last week. Hanoi rejected it on the ground that Indonesia, which thwarted a Communist takeover 2½ years ago, is "not neutral." Chuckled one British official: "Why don't we try to get the North Koreans to offer the Pueblo...
...obscure army officer three years ago, Suharto took command of the military after putting down a Communist coup attempt in 1965, then slowly began to take charge of the government. Indonesia first regarded his quiet but drastic moves as a necessary antidote to the grandiose, 22-year misrule of Sukarno. Initially diffident even about accepting the title of Acting President, Suharto finally decided that he needed the full title to give him the authority necessary to make reforms. Once decided, he used every tactic he could to get the title-including packing the assembly by replacing 200 old members...
...obvious keys to attracting capital are economic good sense and political sanity. Without those, foreign capital will not flow in and domestic capital will flow out. When governments begin to welsh, devaluate and expropriate, capital flees. Such was the case with Indonesia under Sukarno and Brazil under Goulart. And merely printing money cannot create capital. All that that usually does is bring on inflation. When prices soar and money values decline, people usually put their money into goods instead of savings...
...Board. He describes 1967 as the "year of promotion," when Indonesians and potential foreign investors got acquaint ed, both in Djakarta and in Geneva, at a conference sponsored by Time Inc. last November. Courting private cap ital, the new regime has returned virtu ally all foreign properties seized by Sukarno, promised tax holidays and easy repatriation of profits to all newcomers...