Word: velasco
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Although the President had specifically denied that Connally would "undertake a permanent Government assignment," speculation continued that he was being groomed for Secretary of State or Vice President-without any real evidence. In Latin America, there were warm talks with Argentine President Alejandro Agustin Lanusse and Peruvian dictator Juan Velasco Alvarado, but nothing concrete seemed to come out of the discussions. The inconclusive pattern continued in Australia and New Zealand. One Australian Minister called Connally a "high-powered Averell Harriman, only more impressive." Diplomats in Washington say he has proved to be a shrewd observer and called his mission...
Ecuador's President, José Maria Velasco Ibarra, 78, holds a record of sorts; he has been elected five times since 1934, and has been ousted from power four times (he finished one term of office in the mid-1950s). Recently he called for free elections next June that would bring an end to his two-year dictatorship. But one night last week, the Ecuadorian army quietly deposed Velasco and sent him into exile, replacing him with a junta headed by General Guillermo Rodríguez Lara...
...would be the radical, Syrian-born former mayor of Guayaquil, Assad Bucaram. But the generals may also have been lured by the spoils of office. Ecuador may eventually become Latin America's second largest oil producer (after Venezuela). The Trans-Andean pipeline goes into operation next June. President Velasco had already received $11 million from Texaco-Gulf in advance royalties. He had also signed a secret decree giving the military half the total oil royalties. Now, for the time being at least, the army will control the other half as well...
...Prensa in Lima to protest both social injustice from the far right and suppression of freedoms from the left. His targets have included the leftist military regime that came to power in 1968. Though Beltrán's criticism has been relatively mild, the government of President Juan Velasco Alvarado is forcing him to give up his paper...
...sanctions. In recent weeks, the San Diego based American Tunaboat Association, which does $20 million worth of fishing in Ecuadorian waters, has been badgering the White House in San Clemente and Washington to do something to protect American fishermen. At week's end, Meyer and President José Velasco Ibarra still had not reached an agreement, but the Ecuadorian Foreign Ministry said the talks would continue. The U.S. is reportedly inclined to allow American fishermen to buy licenses "under protest," pending an international agreement on territorial waters at next year's U.N. Conference...