Word: sukarno
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Undaunted by these snubs, Indonesia's volatile President Sukarno went right on to celebrate the holiday with a 54-page speech entitled "Like an Angel That Strikes from the Skies." To some of his countrymen, 54 pages seemed scarcely enough to explain recent events in In donesia. In the past year, Sukarno's breezy decision to freeze all bank accounts over $2,000 and devalue Indonesia's currency by 75% had produced a 92% increase in the amount of paper money in circulation and a 22% jump in retail prices. By driving 2,500,000 Chinese, mostly...
Ever Unanimous. But Sukarno, who plays at government the way a child might play at Monopoly, chose to ignore such mundane matters...
...expensive substance used to make wedding rings and to fill teeth. But in Asia, the traffic in gold-much of it illegal-is booming as never before. Indian brides offer gold bangles as dowry and families salt away their savings in gold jewelry. When Indonesia's President Sukarno arbitrarily reduced the value of the rupiah 75% overnight. Indonesian businessmen who had thoughtfully stuffed their godowns with gold bullion not only escaped losses but reaped fantastic profits. All over Asia, trade in gold has become the favored device for evading national foreign exchange controls...
Indonesia's President Sukarno worked his face up into a "say prunes" expression as a Soviet gift-bearer pinned a Lenin Peace Medal on him. The ruble equivalent of the prize: $25,000. As Sukarno saw it, the honor was fitting recognition of his overflowing "love for humanity...
...spirit of Bandung has plainly soured. But Sukarno made plain that his quarrel was only with Red China; he had nothing against Communists generally. He recently accepted a $10 million loan from Russia to build an iron and steel works, a $12 million loan from Czechoslovakia to build a dozen chemical plants. This week, with due fanfare, he will be presented with the Lenin peace prize. "You may call my theories red," he told a gathering of teachers last week. "Red is the color of the rising sun, which will bring bright weather in the morning...