Word: valencias
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Promise of Riches. Despite their immense cost, some new towns are prospering, often because the developer acquired strategically placed land decades ago at a bargain price. Around Los Angeles, not only the Irvine Ranch (TIME, Sept. 22) but also Valencia and Janss-Thousand Oaks are being transformed into cities by the families that once only farmed them. Goodyear Tire & Rubber Co. is converting its onetime cotton farm outside Phoenix, Ariz., into Litchfield Park, a planned town for 100,000. McCulloch Oil Corp. has attracted more than 2,500 settlers to its resort-and-industry town of Lake Havasu City...
...time professor of finance, Lleras has proved in less than seven months in office to be one of the scrappiest Presidents in Colombia's modern history. Many of his troubles were inherited from the lackluster government of past President León Guillermo Valencia, but Lleras, unlike his predecessor, is not afraid to take a stand. When Communist-led students went on strike across the country shortly after he took over last August, he threatened to bar them from graduation and, ignoring the country's sacred tradition of campus autonomy, sent a platoon of battle-ready troops into...
...escaping without a single loss. It was the first appearance in more than a year of the last of Colombia's big-time bandits, Pedro Antonio Marin, 35, alias Tiro Fijo (Sure Shot), who in recent years has styled himself a Castroite guerrilla. Under former President Guillermo Leon Valencia, Colombia's anti-insurgency troopers won control of four of the country's five Communist redoubts in the high Andes. Colombia's new President, Carlos Lleras Restrepo, called for a maximum army effort to make sure that Sure Shot made no repeat performance...
...thirds majority, and Lleras Restrepo's program of welfare and land reform will face an ob streperous opposition led by ex-Dictator (1953-57) Gustavo Rojas Pinilla. But Lleras Restrepo can always fall back on the 15-month-old state of siege declared by former President Guillermo Leon Valencia, empowering the President to legislate by decree...
Lleras Restrepo, who will take office Aug. 7, faces some enormous problems. Under his do-nothing predecessor, Conservative Guillermo Leon Valencia, Colombia's coffee-based economy has gone steadily downhill, the National Front itself splintered, and Rojas' opposition group in Congress effectively blocked all government legislation. By pushing a "bloodless revolution" of economic and social reforms, Lleras Restrepo hopes to lure some of the opposition to his side and win the two-thirds majority he needs to legislate. Otherwise, he seems prepared to extend the state of siege that Valencia declared last May, and run his country...