Word: tinning
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Dates: during 1950-1959
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...walking a tightrope between his truculent tin miners and annoyed U.S. officials, Bolivia's President Hernán Siles Zuazo squeaked through still another crisis last week. He not only ended a 13-day strike, but also persuaded the U.S. to resume its financial help...
...issue was the Bolivian government subsidy to tin-mine commissaries, enabling them to sell food at about 30% below city prices. Politically, it is a local asset; economically, it is disastrous, considering the fact that Bolivia's nationalized mines lost $9,000,000 last year. But when the U.S. got tired of talking and suspended aid to Bolivia, Siles was in an even worse bind. At first word that the boondoggle might end, the miners marched out on strike. The solution was a classic of doubletalk. Siles promised the U.S. to cut the subsidy gradually over a period...
...wonder is that Williams should be so inept at imitating himself. The sex violence, the perfumed decay, the hacking domestic quarrels, the dirge of fear and self-pity, the characters who dangle in neurotic limbo-all are present-but only like so many dramatic dead cats on a cold tin roof...
...economic chaos that has soaked up $129 million in U.S. grants in six years without results went on. A year ago the International Monetary Fund told Siles that it would end its support if he did not close government-subsidized tin-mine commissaries where the coddled, politically powerful miners were buying meat, rice and other staples at less than cost-a typical rat hole for foreign funds. A few weeks ago the U.S., which sends Bolivia a bail-out allowance of $500,000 every fortnight, backed up the I.M.F. by demanding an end to commissary subsidies. Thus pressured, Siles announced...
...Gross tin income, from which comes two-thirds of the country's export revenue, fell from $93 million in 1951 to $57 million in 1957, and is still dropping. The world's worst case of inflation toppled the boliviano from 200 to the dollar in 1952 to 11,900 in January...