Word: venezuela
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Dates: during 1950-1959
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...President acted like the Communist caricature of the Yankee imperialist. As for Nixon, he has greatly diminished sympathy for his behavior by a vulgar attempt to convert this dismal tour into a presidential campaign trip. He had established his valor in Peru; his insistence on a repeat performance in Venezuela indicates that he was utterly seduced by his press notices, and incapable of recognizing his own limitations...
...emergency phone call to Washington told President Eisenhower of the Nixons' plight. Deeply concerned, the President ordered a military rescue operation (see NATIONAL AFFAIRS). But before the troops were on the way, Venezuela's five-man junta had ringed the residence with 400 soldiers. Mobs were still roaming the streets, and the Nixons were virtual prisoners in the residence...
Only the junta, U.S. embassy officials and long lines of silent troops waited to see the Nixons off at the airport. At 5:09 p.m. the DC-6B flicked off the runway and turned north for Puerto Rico and U.S. soil. In Caracas the night before, Venezuela's Provisional President Rear Admiral Wolfgang Larrazabal, gloomily twirling a yellow pencil, had expressed his fervent regrets. "It is very sad," he murmured. "I shall never forget this thing all my life...
This week in Venezuela, in the wake of the Red-led anti-Nixon riots, Communism turned into a full-blown political issue. Reflecting the outrage of the Roman Catholic Church and other conservative factions, the two civilian members of the ruling junta -Industrialist Eugenio Mendoza and Civil Engineer Bias Lamberti -demanded enforcement of Venezuela's anti-Red law to curb the burgeoning Communist Party. The three military members, reflecting the unrealistic tolerance of all major politicians, refused. Mendoza and Lamberti quit, bringing on a tense political crisis...
...something equally damaging: a slump in demand, which will hold consumption to a 2.5% increase (v. the usual 6%) this year. In addition, the U.S., the world's biggest importer, has put on quotas that mean a 14% production cut and losses of $250,000 daily for Venezuela alone...