Word: venezuela
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Dates: during 1950-1959
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...morning last week Venezuela's Communist Party boss. Gustavo Machado, walked into the Caracas house of Rear Admiral Wolfgang Larrazabal, leading presidential candidate and (until he started campaigning) head of the ruling junta. Half an hour later, smiling from ear to ear. Machado came out with a document. On it was Larrazábal's signature, officially accepting the support of the Communist Party in the Dec. 7 election...
...Reds could have voted for Larrazábal on the yellow ballot of the leftist U.R.D. (Democratic Republican Union) Party, which also nominated him. But the Communists, who believe they will make an impressive showing in Venezuela's first free election since 1947, wanted their followers to vote on the party's own red-colored ballots so that Communist strength could be plainly exhibited. By granting his consent. Larrazaáal stands to gain an estimated 150,000 Red votes, which could be decisive if the three-way election is a close contest. Others in the race...
...rest after winning the governorship of New York State, Nelson Rockefeller went to a country that looms large in his career. Venezuela is the home of Creole Petroleum Corp., most profitable affiliate of the Rockefeller-founded Standard Oil Co. (N.J.), and he once served on Creole's board. But Venezuelans rarely think of him as an oilman; instead, he is the single man who has striven hardest to raise the country's standard of living...
Nelson Rockefeller owns three farms in Venezuela and will vacation in his hilltop hacienda-a white stucco colonial house with red tile roof built around a swimming pool-at La Mona, a 1,200-acre spread of potato and cattle land 90 miles southwest of Caracas. His farms are no mere rich man's fancy. Originally developed by the International Basic Economy Corp. (IBEC) that he founded to invest in Latin American development, the first farm lost so much money in a try at large-scale agriculture that Rockefeller bought it from IBEC, ran it himself...
...suffered one noble flop. Trying to put needed nitrogen into Venezuelan diets, he conceived the idea of a fishing industry. He bought trawlers, icing machines, hired Florida fishing experts, went to work. But Venezuela's distribution system cannot handle fish at any distance from the country's ports, and few Venezuelan housewives have any way to keep frozen fish frozen. But by and large, Rockefeller has served successfully for Venezuelans as a one-man development bank...