Word: venezuela
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Dates: during 1950-1959
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...better job without Fiat, had a reported $30 million ready to go to work. Fiat agreed to yield its share of the contract to Innocenti in return for a 2% commission on Innocenti's net profit. Last week 100 Innocenti engineers were at work on the millsite in Venezuela, and the scooterman's machine-tool plant was busy producing steel sheet-rolling equipment...
...filled with threats and defamation mixed with promises and offers of wellbeing; of streets in cities and towns painted and papered to the saturation point with posters designed to incite; of the populace abandoned to discussion and mental struggles, to screaming and tumult." It made a horrifying picture, but Venezuela's dictator was able to reassure his own people last week that they, at any rate, were in no great danger of free political discussion and debate. Instead, he energetically pressed his own no-party, me-or-nothing version of an election: a plebiscite...
...newspaper advertisements, businessmen prudently lavished praise on Pérez Jiménez' substitute for free elections. The semiofficial press carried supplements as long as twelve pages crammed with nothing but the names of citizens expressing their "adhesion" to the government. The President ordered all businesses in booming Venezuela to pay out their compulsory Christmas bonuses ($60 million this year) before the election not after...
...government's authorization of voting by foreigners, and its heavy pressure for everyone to vote, disturbed the 70,000 U.S. citizens who live in Venezuela, until the U.S. embassy got them off the hook by warning them that they could lose U.S. citizenship if they voted. Also troubled by the one-man election: university students, particularly in Roman Catholic schools, where resentment ran high against the jailing, ever since September, of Rafael Caldera, once the Christian Socialist presidential hopeful. But after a spate of student demonstrations a fortnight ago, most colleges are temporarily closed. "The agitators can only stir...
DEVELOPMENT LOAN FUND, new U.S. program to lend $300 million in fiscal 1958 to spur private enterprise abroad (TIME, Sept. 30), will be bossed by Dempster Mclntosh, 61, now U.S. Ambassador to Venezuela. A Republican and foreign-trade expert, he was president of Philco International Corp. from...