Word: venezuela
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Dates: during 1950-1959
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TRUSTBUSTERS' THREATS of court action forced Texaco and Superior Oil Co. (Calif.) to drop merger plans (TIME, June 29). Merger would have given Texaco, second largest integrated U.S. producer and refiner, the advantage of Superior's huge reserves in Venezuela and U.S. Victory was Justice Department's biggest since it halted Bethlehem Steel and Youngstown Sheet & Tube Co. merger last year...
...spotlight, because Venezuela's oil boom has spurred attention-getting public works, Mendoza has been on the rise since he quit high school at 17 ("I was too much in a hurry") to go to work as an office boy. At 28, he owned a thriving construction import business, and his interests were gushing out like Venezuela's oil. He expanded into a 3,000-acre dairy farm, three cement plants (which produce half the national supply), pulp and paper products, insurance, a paint factory, a giant finance company. As he prospered. Mendoza took care...
...Akis, which bitterly opposes the heavy-handed regime of Turkish Premier Adnan Menderes, there appeared, under the title "Ugly American," a feature story illustrated by a picture of career Diplomat Fletcher Warren. After deploring U.S. ambassadors who play footie with dictators, Akis recalled that Warren was U.S. Ambassador to Venezuela in the days of Dictator Perez Jimenez, concluded with the laconic statement that he is now Ambassador to Turkey...
...visitor's visa in 1958, after the temporary military regime that succeeded him gave him a diplomatic passport and officially requested a U.S. visa. The U.S. Immigration and Naturalization Service began expulsion proceedings in March that were still going on last week, when Venezuela, now under elected President Romulp Betanceurt, finally applied for extradition. Under terms of a 1922 treaty, Venezuela must convince a U.S. federal court that the charges against Pérez Jiménez are strong enough to warrant trial, and that the crimes are not political...
With California's tourist-trapping Disneyland as a model, showmen have started similar amusement parks in a dozen cities from Denver to Caracas, Venezuela. The wonder is that no one has staked out the biggest tourist mecca of them all: New York. Last week that sure thing was covered as well. Texas Engineer C. (for nothing) V. (for nothing) Wood, who already has five parks abuilding around the U.S. (TIME, June 29), announced a $65 .million Freedomland that will present two centuries of American history along with the ice cream and Cracker jack. To be located in The Bronx...